Villavegen 50, 6899 Balestrand, Norway, Balestrand, Vestland, Norway. - Hero Image
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Villavegen 50
Balestrand | Vestland

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Wmegling Sogn
Wmegling Sogn
Presented At
€1,300,000
Bedrooms
10
Bathrooms
5
Living
6,459
SQFT
High Ceiling
Library
Office
Basement
Terrace
Parking
Garden
Water View
Coastal
Waterfront
Mountain View
Villavegen 50, 6899 Balestrand, Norway, Balestrand, Vestland, Norway. - Photo 1
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Villavegen 50, 6899 Balestrand, Norway, Balestrand, Vestland, Norway. , Balestrand , Vestland

A magnificent property in the heart of Sogn. Stunning sun conditions and breathtaking views.

Majestic property with rich history, located about one kilometer west of Balestrand center. This is the old District Governor's Estate, established by a Danish district governor in the 1790s. The district governor of the Ytre Sogn district lived here for about 100 years. In the 20th century, it has served as a wealthy residence, hotel, summer home, youth school, and more. Today, it is used as a single-family home. The building's style and character have been well preserved. Askelund was originally part of the neighboring farm Fjærestad. In 1790, the district governor Jacob Hegelund from Denmark purchased the property. He had taken notice of this beautiful spot by the Sognefjord. Hegelund initiated extensive development of the estate. He built a large main house and a smaller building, which became known as the schoolhouse. Hegelund also constructed outbuildings, a storehouse, a kitchen house with a built-in kettle, a guest house, and animal shelters. He planted fruit trees and a kitchen garden. At that time, the fjord was the main transport route, and many came rowing and sailing to visit the governor. Therefore, Hegelund built an 80-alen (about 50 meters) long pier just below the main house. Within about 10 years, Hegelund transformed the property from a part of Fjærestad to a large and impressive estate. Askelund became a central hub in the Sognefjord. The building, dating from around 1790, is an old wooden structure protected under the Cultural Heritage Act §15. In certain cases, permission may be granted to carry out measures on protected buildings and structures, as long as they do not significantly impact the cultural heritage (Cultural Heritage Act § 15). This must be investigated further with the municipality and the Directorate for Cultural Heritage. The property consists of a magnificent main house with an accompanying outbuilding/storehouse. With a large outdoor area and garden that can accommodate anything from private events to cultural gatherings, and the possibility of a pier, Askelund is well-suited for both outdoor and maritime activities. This is a perfect opportunity for those who wish to live in scenic surroundings with deep historical roots in the heart of the Sognefjord.

Gallery

3D Street View Tour

Map showing Villavegen 50, 6899 Balestrand, Norway, Balestrand, Vestland, Norway.

Property Location

Villavegen 50, 6899 Balestrand, Norway, Balestrand, Vestland, Norway., Balestrand Vestland

Local Weather & Climate

Balestrand, Vestland

Current Conditions Updated recently
47 °F
Overcast clouds
Feels Like 45°F
Humidity 95%
Wind 4 mph
Visibility 0.1 mi
Sunrise 6:07 AM
Sunset 5:21 PM
5-Day Forecast
Tue 10 Mar
Rain
High 49°
Low 41°
Wed 11 Mar
Snow
High 42°
Low 31°
Thu 12 Mar
Snow
High 41°
Low 33°
Fri 13 Mar
Snow
High 40°
Low 33°
Sat 14 Mar
Snow
High 39°
Low 23°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Balestrand?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

€
%
€100,000
%
Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.

Market Opinion

Our perspective on current market conditions in Balestrand. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis
International luxury real estate typically appreciates steadily over time.
65
Buyer Score
Estimated regional appreciation: 4% annually
Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $130,000,000 20% down ($26,000,000)

Investment Perspective
$ $ $
$1 → $1.36
Every dollar invested today could become $1.36 in 10 years
$100 → 136 $1,000 → $1,362
+$11,171
$11,171/day
Your home may appreciate while you sleep
$78,411/week $339,781/mo $4,077,367/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$281K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential 8% advantage over stocks
RENT 💸 -$71.5M
vs
OWN 📈 +$101.5M
$101.5M Potential Equity
vs $71.5M lost to rent over 10 years
$26.0M Down Payment Growth
3.9x
10yr
$101.5M
8.1x
20yr
$210.1M
12.6x
30yr
$328.3M
Wealth Comparison
×782
Equivalent to 782 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $328.3M
Time to Double Your Investment (accounting for market cycles)
42.4
years
Conservative
1.65% effective/yr
15.3
years
Optimistic
4.62% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $153.1M +18%
Market $177.0M +36%
Optimistic $204.3M +57%
$101.5M est. equity
20 Years
Conservative $180.3M +39%
Market $241.1M +85%
Optimistic $321.0M +147%
$210.1M est. equity
30 Years
Conservative $212.3M +63%
Market $328.3M +153%
Optimistic $504.5M +288%
$328.3M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

This house at Villavegen 50, 6899 Balestrand, Norway, Balestrand, Vestland, Norway features 10 bedrooms with 6,459 square feet of living space.
This property offers 6,459 square feet of living space.
This property is listed at $130,000,000, which equals $20127 per square foot.
Based on current market indicators, Balestrand shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.
This is a house located in Balestrand, Vestland. The property is situated in an established neighborhood with convenient access to local amenities and services.
Wmegling Sogn

Wmegling Sogn

Wmegling Sogn

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