5658 124 Street, Surrey, BC
•Panorama Ridge- $3,488,888
- 9 bed
- 9 bath
- 9854 sqft
- Built in 1993





Rare 1-acre ocean view estate opportunity in prestigious West Panorama Ridge. Surrounded by luxury custom homes, this exceptional property offers the perfect setting to build your dream estate in one of Surrey’s most desirable neighborhoods. Enjoy privacy, mature trees, and beautiful views toward the ocean, with even greater view potential from a future custom home. The existing residence provides flexibility while you plan your vision, but the true value is in the land, location, and lifestyle. Minutes to Colebrook Elementary, parks, golf, Hwy 99, and the U.S. border. A rare opportunity for builders, investors, or families seeking to create a legacy estate.
This Single Family Residence home located at 12501 53 Avenue, Surrey is currently for sale and has been available on Strawhomes.com for 9 days. This property is listed at $3,698,000 with an estimated mortgage of $17,295* per month. It has 4 beds, 3 bathrooms, and is 2,133 square feet. The property was built in 1967. 12501 53 Avenue, Surrey BC V3X 3B6 is in the Panorama Ridge Houses neighbourhood Surrey. West Newton, Elgin Chantrell and East Newton are nearby neighborhoods.
Selling
| MLS® # | Date | Event | Price |
|---|---|---|---|
| XXXXXXXXXX | Xxx XX, XXXX | Listed | — |
| XXXXXXXXXX | Xxx XX, XXXX | Xxxxxxx | $X,XXX,XXX |
| Xxx XX, XXXX | Xxxxxx | $X,XXX,XXX |
| Year | Land + Improvements | Assessment |
|---|---|---|
| Current | $2,362,000 + $80,300 | $2,442,300 |
| Area | Avg. Price | Updated |
|---|---|---|
| This Home | $3,698,000 | Jul 8, 2026 |
| Surrey | $1,341,989 | Jul 9, 2026 |
| Panorama Ridge | $1,754,197 | Jul 9, 2026 |
With 4,579 houses for sale in Surrey, finding your perfect home will be easy.
This freehold detached house was built in 1967 and is currently listed at $1,734 per square foot. The property sits on a 43,537 sq ft lot with 113 feet of frontage. The property offers 4 parking spaces, a garage, 1 fireplace, scenic views. Annual property taxes were assessed at $8,510 in 2025.
12501 53 AVENUE is in the city of Surrey, British Columbia and found in the community of Panorama Ridge in Surrey.
Other communities nearby are West Newton, East Newton and Sullivan Station. 53 has 3 homes currently on the market, while the district of Panorama Ridge has 134 postings on the market. That's just 2.9% of the 4,579 total listings for sale in the city of Surrey. In Panorama Ridge, the average asking price for a detached house is $1,821,857, which translates to an estimated monthly mortgage payment of $8,520.* Notably, this is 1.3 times the average list price of $1,355,972 for a similar detached house in the city of Surrey.
Panorama Ridge listed detached houses average 3,414 sq ft, 5 beds, and 4 baths.
In the area surrounding 12501 53 AVENUE, detached houses outnumber townhouses on the market.
The monthly payment amount is an approximation calculated loan requiring a 20% down payment at a 5% rate for a 5-year mortgage term
MLS®#: R3144460 · $3,698,000 · 4 bedroom detached house in Panorama Ridge Surrey.