The 41st floor of the Shaw Tower on Coal Harbour is a veritable "mansion in the sky" with 7,500 square feet with luxury touches such as Carrera marble in the master bath and 360-degree views.

It will soon test the top of Vancouver's high-end market with a list price of $12.88 million.

Vancouver realtors Mark and Stacy Raymond are preparing the Shaw Tower listing at a time when the Metro Vancouver market is slowing, but they are hopeful they'll catch a wave that is now running through the luxury market.

"This price, I believe, is absolutely bang on, in my opinion," Mark Raymond said.

"It is clearly a very small, limited market, but right now I can say in the last four, five weeks I've really noticed an increase [downtown] in sales over $2 million."

Stacy Raymond added that the owner (an unnamed Hollywood actor) has lowered the price. It was previously listed for $13.88 million, and realtors once tried to sell it for close to $16 million.

At $12.88 million, the Shaw property is the most expensive condo listed (by $80,000) through the Multiple Listing System and if sold, would be near the top of British Columbia's list of all-time most expensive condo sales.

The record price for a single unit sold was just under $13.4 million for Penthouse 1 in the Shangri la building on West Georgia, which sold last August, according to a search of the B.C. Land Title Registry by Landcor Data Corp.