Lakestone.

How Lakestone took shape

Lakestone is a 550 acre master planned community on Okanagan Lake's east shore south of Okanagan Centre, climbing about 300 metres to Beacon Hill. First announced in 2006 by 20/20 Group as a golf resort, it stalled in the 2008 financial crisis and was relaunched by Macdonald Development Corporation, which began selling lots in 2013.

Lakestone covers a steep sweep of the east shore south of Okanagan Centre village, rising about 300 metres from the beach to the top of Beacon Hill, in the syilx / Okanagan territory that surrounds the valley. Tyndall Road, one of its access routes, dates to 1908 and is named for mining pioneer Sam Tyndall. The Lakestone name is older than the community. On August 23, 2006, Vancouver based 20/20 Group Inc. announced Lakestone as a resort with vineyards, a golf course, a marina and villas. The 2008 financial crisis stopped it after about $50 million of spending, with 20 lots serviced and 10 sold. Macdonald Development Corporation, a family company founded in 1985 that had built The Lakes nearby, took over the property for $16 million, the amount of the bank debt, according to the developer's own account.

Sources place the purchase between 2009 and 2011. Macdonald dropped the golf course and vineyards, shrank the marina and redrew the plan for about 1,365 homes, keeping more than 250 acres as natural space. The master plan was finished in 2012, the first lots sold in 2013 and show homes opened in the Waterside neighbourhood in June 2015. Benchlands and Highlands followed, a Centre Club opened in the former sales centre in 2021, and the community won a Canadian Home Builders' Association development award in 2020. The slopes have been tested by fire. The August 2023 wildfire in the Okanagan Centre area reached parts of the community, though a resident reported most homes survived. 5 km of new trails opened at the top in September 2026.

The homes & their setting

All homes date from 2013 onward. Waterside (lakeside) and Benchlands are single family; Highlands mixes single family and multifamily homes; The Summit sells custom homesites (from $369,900 in 2025) built with one of five preferred builders. The master plan allows about 1,365 residences, and more than 325 homes were in place by September 2025.

Building age, tenure, amenities and permitted uses vary by address. Explore the actual property documents with Elaine and the appropriate specialists.