Listing photo of 112 Ch. de l’Ermite, Mont-Tremblant, QC (contributed by Sotheby’s).
Mont-Tremblant has long attracted affluent buyers to its slopes and lakeshores, but this property represents an unprecedented moment in the area’s real estate history.
The waterfront estate at 112 Ch. de l’Ermite, listed at $19.8 million, is poised to become the highest-priced residential sale ever recorded in Mont-Tremblant and the Laurentians in Québec’s Centris provincial real estate database.
The sale was marketed by Liza Kaufman, founding partner of Sotheby’s International Realty Québec, together with her Kaufman Group colleague Lindsay Hart. While the transaction has not yet officially closed and the final sale price has not been publicly disclosed, the property spent less than a year on the market.
A home built without compromise
The estate was custom-designed by Canadian-born architect Richard Landry, widely known as the “King of the Megamansion.” Landry founded Landry Design Group in Los Angeles in 1987 and has designed more than 500 residences across North America and internationally.
Completed in 2009, the home showcases dramatic vaulted ceilings exceeding 30 feet, reclaimed wood beams and a 25-foot bay window with expansive lake views. Six bedrooms and 10 bathrooms are arranged across an elegant layout that includes a great room, formal dining areas, a gourmet kitchen with custom cabinetry and professional-grade appliances, plus a cinema room, bar and a dedicated wine cellar.
An aerial view of the primary living space (Sotheby’s).
Additional amenities include a private elevator, a saltwater infinity pool, private beach and dock, a covered heated terrace and parking for up to 13 vehicles.
The principal suite occupies a private wing with water views, a dedicated office, balcony access and a spa-style ensuite. The lower level features a spa, sauna, gym and guest accommodations with direct access to the outdoor entertaining areas.
“They sourced the best of the best that was available at that time,” Kaufman said of the original owners. The current owners invested two years in renovations before listing the property.
“This was never a flip. It was intended to be a primary or secondary residence where people invested heavily in quality and taste,” she added.
Global reach brings qualified buyers to Tremblant
Mont-Tremblant allows purchases by foreign buyers, enabling a global marketing strategy, though the ultimate buyer was local to the province. Kaufman credits Sotheby’s global marketing network for generating serious interest. Launched in January, the campaign placed the property in international print outlets and in front of a worldwide database that includes Sotheby’s auction clients.
“We have an exemplary way of getting a property to high-net-worth individuals around the world, and it’s usually extremely effective,” she said. The campaign attracted a notable number of qualified prospects, though coordinating visits for out-of-area clients can be time-consuming.
The eventual buyer, however, was an existing Sotheby’s client — a tech entrepreneur from outside Montréal — who sought a family home in the region.
A two-speed luxury market
Private theatre within the home (Sotheby’s).
Kaufman says the sale highlights a changing dynamic in the real estate market: the top end is increasingly moving on a separate trajectory from the broader market.
“There’s the super high end, where buyers seek a very specific ideal home and are prepared to pay above market, and then there’s the rest of the market,” she explained.
Having worked in real estate for 22 years, Kaufman noted that the market used to move more uniformly. “When I started, it used to be monolithic. It used to go up and down together. It doesn’t happen anymore,” she said.
Data from the Quebec Professional Association of Real Estate Brokers shows residential sales in Mont-Tremblant rose 17 percent in the first quarter of 2026 compared with the same period in 2025, significantly outpacing the broader Québec market, which recorded a two percent decline. Mont-Tremblant also led the province in median price growth, with prices increasing 22 percent year over year in the first quarter.
Ultra-wealthy buyers play by different rules
At the very top of the market, traditional pricing benchmarks carry less weight. High-net-worth buyers are often less concerned with comparable sales and more focused on securing exactly what they want.
“They don’t necessarily look at comparables. They look at what they can get for what they want to pay,” Kaufman said. Though this segment remains relatively small, she says it is growing.
“These people can afford to pay for what they want.”