A Record Setting Week + Seattle Area Waterfront Report

A Record Setting Week + Seattle Area Waterfront Report

If this week’s activity is any indication of the year ahead then we are in for a wild ride. With six new listings, five waterfront homes under contract and three closed sales—one of them for a record setting $26.8 million—its been a busy week for Puget Sound area waterfront homes. Inventory-depleted Lake Sammamish just got a boost with four new listings along its shores.

 

This Week’s Waterfront Activity

6 NEW LISTINGS –

Kennydale ($1.9 M), Lake Sammamish ($2.5 M, $3.2 M, $3.7 M, $3.8 M) and Mercer Island ($2.5 M)

1 CONTINGENT SALE –

Yarrow Point ($8.3 M)

3 PENDING FEASIBILITY/INSPECTION SALES –

Kirkland ($2.8 M), Lake Sammamish ($2.5 M) and Magnolia ($1.4 M)

1 PENDING (FIRM) SALE –

Magnolia ($3.5 M)

3 SOLD PROPERTIES –

Medina ($26.8 M) and Mercer Island ($3.2 M, $6.5 M)

View listing details


© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

Upscale Remodeling Cost to Value + Seattle Area Waterfront Report

Upscale Remodeling Cost to Value + Seattle Area Waterfront Report

Every year, Remodeling Magazine produces its annual Cost vs. value report providing a detailed analysis into how much popular remodeling projects cost—and the value they add to your home—in various regions across the county. Thanks to our robust housing market, Seattle beat the national average for recoup on every single project.

A few key takeaways we learned from this report for the luxury sector are:

Exterior “curb appeal” improvements generally pack a bigger payback than interior projects: Upscale garage door replacement tops this list with an average 141.2% return, followed by vinyl window replacement at 97.9% and enhancing a grand entrance at 97.6%.

Relatively inexpensive improvements are easier to recoup than pricier remodeling projects (as well as the simple fact that tastes vary widely from one homeowner to the next).

Remodeling existing spaces usually nets more than addition/expansion project. This can be seen in a mere 62.5% return on upscale master suite additions.

For the full Seattle report on all 21 projects, including project descriptions and scope, click here!

Cost vs. Value data © 2018 Hanley Wood Media Inc. Complete data from the Remodeling 2018 Cost vs. Value Report can be downloaded for free at http://www.costvsvalue.com

 

This Week’s Waterfront Activity

3 NEW LISTINGS –

Mercer Island ($4.4 M), South Bellevue ($2.4 M) and Yarrow Point ($5.0 M)

1 PENDING FEASIBILITY/INSPECTION SALE –

Holmes Point ($3.4 M)

0 PENDING (FIRM) –

No pending waterfront sale activity this week

0 SOLD PROPERTIES –

No sold waterfront activity this week

View listing details


© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

Landslide Hazard Maps + January 31st Seattle Area Waterfront Report

Landslide Hazard Maps + January 31st Seattle Area Waterfront Report

The heavy rains this last week brought new discussions about landslides and other geologic hazards. Our state has invested in researching this data and has published maps that are a good starting point when considering the purchase of a home-including many waterfront homes-in geologically sensitive areas.

One can navigate to view landslide data, earthquake fault zones, tsunami zones, volcanoes, coal mines, and mineral resources. This is a must-do for properties on steep slopes in our region but also a great reference for everyone else.

Windermere Mercer Island

This Week’s Waterfront Activity

2 NEW LISTINGS –

Matthews Beach ($1.2 M) and Mercer Island ($7.6 M)

1 PENDING FEASIBILITY/INSPECTION SALE –

Mercer Island ($8.7 M)

1 PENDING (FIRM) –

Medina ($28.0 M)

1 SOLD PROPERTY –

Broadview ($1.9 M) 

Click here to see listing details


© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

Two Handy Apps + January 24th Seattle Area Waterfront Report

Two Handy Apps + January 24th Seattle Area Waterfront Report

In a jam and need something heavy moved…today? Check out Dolly.com for fully vetted and insured folks who will bid out your project and show up day of. Kind of like Uber for movers. Whether it be that OfferUp dining table find that you can’t pick up yourself, a piano you need moved from one floor to another, or a load of old furniture that needs to go to Goodwill, these guys and gals are a great resource. You can request “just muscle” or “muscle and a truck”. We probably wouldn’t have them move an expensive art collection, but they are solid go-to for smaller projects.

Another one that we just checked out is Handy.com. They coordinate next day cleaning, assembly, smart device installation, painting, and handyman services with fully vetted service professionals. So far, they’ve received rave reviews and are probably worth investigating for your next honey-do list.

Both are available as apps and websites. The apps are very user-friendly.

 

This Week’s Waterfront Activity

1 NEW LISTING –

Lake Sammamish ($4.0 M)

3 PENDING FEASIBILITY/INSPECTION SALES –

Lake Sammamish ($4.5 M), South Bellevue ($2.6 M) and Yarrow Point ($12.0 M)

2 SOLD PROPERTIES –

Lake Sammamish ($2.8 M) and West Seattle ($1.1 M)

Click here to see listing details


© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

January 17th Seattle Area Waterfront Report

January 17th Seattle Area Waterfront Report

Curious about what’s happening with Meydenbauer Bay Park & Marina?

The first phase of Meydenbauer Bay Park is now 90% complete.  Construction began in early May 2017 and is expected to be complete by the end of 2018. The expanded park will be closed through construction and access to the Marina parking lot is now off 100th Avenue NE.

According to the City of Bellevue website, project highlights will include:

Relocation and expansion of the public swimming beach
Construction of a new beach house with restrooms and showers
Creation of a curvilinear pedestrian pier and hand-carry boat launch
Conversion of the lower portions of the existing park into a natural ravine
Lake Washington Boulevard right-of-way improvements, including undergrounding of overhead power lines
99th Street parking lot and marina entrance improvements
Walking paths, picnic areas, pedestrian promenade and children’s play area.

This Week’s Waterfront Activity

2 NEW LISTINGS –

Laurelhurst ($10.0 M) and South Bellevue ($2.6 M)

2 PENDING FEASIBILITY/INSPECTION SALES –

Kenmore ($2.0 M) and Kirkland ($7.0 M)

0 SOLD PROPERTIES –

No closed sale activity this week

Click here to see listing details


© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

January 10th Seattle Area Waterfront Report

January 10th Seattle Area Waterfront Report

A recent Draft Marine Spatial Plan for Washington’s Pacific Coast hopes to address potential new ocean uses such as offshore wind energy or offshore aquaculture that could adversely affect the marine waters along Washington’s Pacific Coast and their abundant natural resources. A companion Draft Environmental Impact Statement was also issued in October.

This Week’s Waterfront Activity

2 NEW LISTINGS –

Kirkland ($8.0 M) and Windermere ($5.9 M)

1 PENDING SALE –

Enatai ($3.5 M)

0 SOLD PROPERTIES –

No closed sale activity this week

Click here to see listing details


© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

2017 Year End Seattle-Eastside Waterfront Report

2017 Year End Seattle-Eastside Waterfront Report

2017 YEAR END REVIEW

Waterfront Report

Challenged by increasing building and shoreline restrictions, aging housing stock, and an extreme scheduling backlog for quality contractors, waterfront buyers found fewer modern turn-key homes, in ideal settings, to capture their interest. Waterfront that ‘checked all the boxes’ was in high demand—commanding top prices in 2017—while those requiring considerable renovation/rebuild sat stagnant on the market or sold at well below prior market prices. Don’t expect this to turn around until builders and remodelers become more readily available.

Check out the full Waterfront Report for a complete list of waterfront home sales by address and community.

© Copyright 2018, Windermere Real Estate/Mercer Island. Information and statistics derived from Northwest Multiple Listing Service and deemed accurate but not guaranteed.

January 3rd Seattle Area Waterfront Report

January 3rd Seattle Area Waterfront Report

A recently released Sea Level Rise Report published by Washington State Department of Ecology (November 2017) explores how local jurisdictions in Washington currently addressing sea level rise using goals, policies, and regulations in their SMPs.

This Week’s Waterfront Activity

NO NEW LISTINGS –

No listing activity this week

NO PENDING SALES –

No pending sale activity this week

5 SOLD PROPERTIES –

Lake Forest Park ($1.7 M), Magnolia ($2.2 M), Mercer Island ($4.1 M), Newport Shores ($2.9 M), and West Seattle ($3.1 M)

Click here to see listing details


© Copyright 2018, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

December 15th Seattle Area Waterfront Report

December 15th Seattle Area Waterfront Report

Washington’s Coastal Atlas includes thousands of shoreline photos and environmental data on Washington’s lakes and beaches. An interesting report titled Washington Aerial Oblique Photography was released in September by the Shorelands & Environmental Assistance Program of the Washington State Department of Ecology. It outlines the history behind the acquisition of these photos that help manage and characterize the cumulative and secondary impacts of growth on Washington’s 28,000 miles of marine and freshwater shoreline over the last 40 years.

In 2015, Ecology was awarded Project of Special Merit funds through NOAA’s Coastal Zone Management (CZM) Section 309 Program to acquire new photographs, and in 2016, they contracted for approximately 20,000 photos to be flown of about 4000 miles of shoreline.

The 2016-2017 aerial photographs are available online through Washington’s Coastal Atlas, along with all the previous photo series. In addition, Ecology has also begun work on an updated version of the Washington Coastal Atlas and specifically, in the way oblique photos are displayed and distributed.

This Week’s Waterfront Activity

2 NEW LISTINGS –

Lake Sammamish ($4.5 M) and Mercer Island ($3.4 M)

1 PENDING FEASIBILITY SALE –

Yarrow Point ($12.0 Million)

4 PENDING SALES –

Kirkland ($2.8 M), Mercer Island ($4.4 M, $6.5 M) and West Seattle ($1.8 M)

0 SOLD PROPERTIES –

No closed sale activity this week

Click here to see listing details


© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

December 8th Seattle Area Waterfront Report

December 8th Seattle Area Waterfront Report

Waterfront terminology 101: BANK—The slope or rise behind a beach. Can range in height from a few feet to hundreds of feet. Low or no bank waterfront provides a more expansive beach-level view and is often more desirable adjacent to large (stable) bodies of water. Higher slopes are called bluffs. Shifted tress, scarps or benches in the slope, and debris below a bluff can indicate instability and the potential for landslides.

BULKHEAD—A rigid structure constructed on the beach to control erosion. They are used to protect upland property from wave attack or to hold back material eroding from the upper beach or bluff. Seawalls, revetments, and rockeries are types of bulkheads.

Check out this handy guide by the Washington Department of Fish & Wildlife.

 

This Week’s Waterfront Activity

4 NEW LISTINGS –

Kirkland ($2.8 M), Lake Sammamish ($1.6 M), Mercer Island ($6.5 M), and West Seattle ($1.8 M)

1 contingent SALE –

Enatai ($3.5 Million)

1 PENDING SALE –

Lake Forest Park ($6.0 M)

1 SOLD PROPERTY –

Newport Shores ($3.9 M)

Click here to see listing details


© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

December 1st Seattle Area Waterfront Report

December 1st Seattle Area Waterfront Report

Contemplating investing in a waterfront property or planning to renovate or rebuild your current waterfront home or dock? The Washington State Department of Ecology offers a good Introduction to the shoreline permit system webpage. Because all shoreline permits are processed by the local governments, it is imperative to know who to call for your jurisdiction. Another great resource for waterfront homeowners is the Washington Administrative Code (WAC) that governs shoreline management permit and enforcement procedures Chapter 173-27 WAC.  The underlying law can be found at RCW 90.58.140(3) and RCW 90.58.050.

This Week’s Waterfront Activity

1 NEW LISTING – West Seattle ($1.8 M)
1 PENDING FEASIBILITY – Medina ($7.9 Million)
1 PENDING CLOSING – West Seattle ($3.2 Million)
1 SOLD PROPERTY – Lake Sammamish ($2.3 M)

Click here to see listing details


© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

November 24th Seattle Area Waterfront Report

November 24th Seattle Area Waterfront Report
$7.6 million ‘Southpointe’ at the southernmost tip Mercer Island, 1 of 20 such tips on Lake Washington, goes pending.
1 NEW LISTING –

Mercer Island ($9.5 M)

4 PENDING SALES –

Lake Forest Park ($1.8 M), Lake Sammamish ($2.8 M), Magnolia ($2.3 M), and Mercer Island ($7.6 Million)

2 SOLD PROPERTIES –

Lake Sammamish ($1.6 M, $2.8 M)

Click here to see listing details


© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

November 17th Seattle Area Waterfront Report

November 17th Seattle Area Waterfront Report
1924-Built Meydenbauer Waterfront Estate on 3/4 Acre in Medina Goes on the Market.
2 NEW LISTINGS –

Alki Point ($3.2 M) and Medina ($7.9 M)

No PENDING SALES –

No pending sale activity this week.

2 SOLD PROPERTIES –

Holmes Point ($3.1 M) and Hunts Point ($5.4 M)

Click here to see listing details


© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

Lakeside Resources That Will Float Your Boat

Lakeside Resources That Will Float Your Boat

Shorelines are heavily regulated in King County and, love it or hate it, the tight guidelines help keep our Puget Sound lakes in good order. King County’s Lake Stewardship Program has produced several fact sheets on lakeside regulations.

If you’re wondering what you can plant and still be in good graces with the powers that be, check out their Lake Friendly Landscape and Garden fact sheet. Find info about aquatic plant management, algae in our lakes, boating restrictions, and even how to wash your boat and dock in a way that keeps phosphorus out of our lakes.

Another great resource is King County’s Lake Services and Information page with a wealth of information on everything from lake history and water quality to lake maps and recreation info. One can look up individual lakes throughout the county and even sign up for lake alerts.

Info on rivers, streams, watersheds and wetlands can also be found on the site-a great resource to know what’s what for both land owners and developers alike.

There’s no doubt that waterfront has many intricacies and nuances that require one’s full engagement. We’re here to help put resources and tools at your fingertips!

November 10th Seattle Area Waterfront Report

November 10th Seattle Area Waterfront Report
Two new listings on Lake Sammamish (where homes for sale have been hard to come by) might be worth a look this week.
4 NEW LISTINGS –

Lake Sammamish ($2.5 M, $2.8 M), Magnolia ($2.3 M) and West Seattle ($1.2 M)

2 PENDING SALES –

Lake Forest Park ($2.4 M) and Newport Shores ($3.1 M)

2 SOLD PROPERTIES –

Cedar Park ($1.7 M) and Mercer Island ($3.1 M)

Click here to see listing details


© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

November 3rd Seattle Area Waterfront Sales Activity Report

November 3rd Seattle Area Waterfront Sales Activity Report

A significant waterfront property sold this week on Hunt’s Point – a 1934-built 7 bedroom home located near the tip of the peninsula, with 100 feet of street-to-water waterfront sited on a shy acre. 

2 NEW LISTINGS –

West Seattle ($2.4 M) and Yarrow Point ($9.4 M)

0 PENDING SALES –

No sales activity this week.

5 SOLD PROPERTIES –

Hunts Point ($8.3 M), Lake Sammamish ($1.2 M, $2.9 M, $4.4 M) and Magnolia ($1.7 M)

Click here to see listing details


© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

October 27th Seattle Area Waterfront Report

October 27th Seattle Area Waterfront Report
1 NEW LISTING –

Magnolia ($2.4 M)

1 PENDING SALE –

Lake Sammamish ($1.6 M)

2 SOLD PROPERTIES –

Lake Sammamish ($2.7 M, $3.3 M)

Click here to see listing details


© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

October 20th Seattle Area Waterfront Report

October 20th Seattle Area Waterfront Report
4 NEW LISTINGS –

Lake Sammamish ($1.6 M, $3.9 M), North Seattle ($2.4 M) and South Bellevue ($2.4 M)

4 PENDING SALES –

Lake Sammamish ($1.6 M, $2.3 M) and Newport Shores ($3.1 M)

1 SOLD PROPERTY –

Lake Sammamish ($2.8 M)

Click here to see listing details

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

October 13th Seattle Area Waterfront Report

October 13th Seattle Area Waterfront Report
8 NEW LISTINGS –

Enatai ($3.5 M), Holmes Point ($2.0 M), Kirkland ($7.0 M), Lake Sammamish ($1.6 M, $2.3 M), Mercer Island ($3.1 M), Newport Shores ($4.8 M), and West Seattle ($2.7 M)

2 PENDING SALES –

Lake Sammamish ($3.2 M) and Newport Shores ($3.7 M)

2 SOLD PROPERTIES –

Enatai ($5.1 M) and Kirkland ($3.2 M)

Click here to see listing details

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

Q3 2017 Seattle Area Waterfront Report

Q3 2017 Seattle Area Waterfront Report

Q3 2017 REVIEW

Waterfront Report

The most active quarter of the year for waterfront in the Seattle region, Q3 saw two very distinctly separate markets. The more moderate waterfront price points below $4 million experienced an increase in the number of homes for sale while the pace of sales slowed. Turn-key homes with desirable waterfront access were few and far between and many buyers appeared unwilling to purchase a home that didn’t measure up to their expectations.

A number of highly coveted waterfront homes or settings transacted in the $4-10 million price point for top dollar, some after relatively short market times. Clearly, buyers at this price point know what they want and aren’t afraid to go get it. Two homes sold above $20 million on the Eastside, skewing the overall Eastside averages significantly.

The highest waterfront sale in the Seattle-Eastside region ($23.4 M) was a traditional 2015-built home in Medina on 1.84 acres with 80 feet of prime waterfront. The lowest sale ($1.5 M) was a 2330 square foot home in Kennydale built in 1931 and sited along 59 feet of south Lake Washington shoreline.

A total of 52 private waterfront sales transacted in the Seattle-Eastside region in Q3.

Check out the full Waterfront Report for a complete list of waterfront home sales by address and community.

 

© Copyright 2017, Windermere Real Estate/Mercer Island. Information and statistics derived from Northwest Multiple Listing Service.

October 6th Seattle Area Waterfront Report

October 6th Seattle Area Waterfront Report
2 NEW LISTINGS –

Lake Sammamish ($5.5 M) and Newport Shores ($3.1 M)

3 PENDING SALES –

Holmes Point ($3.5 M), Hunts Point ($5.5 M) and Lake Sammamish ($3.2 M)

1 SOLD PROPERTY –

Leschi ($2.1 M)

Click here to see listing details

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

September 29th Seattle Area Waterfront Report

September 29th Seattle Area Waterfront Report
1 NEW LISTING –

Lake Forest Park ($2.4 M)

3 PENDING SALES –

Cedar Park ($1.8 M), Magnolia ($1.8 M) and Newport Shores ($3.7 M-Contingent)

7 SOLD PROPERTIES –

Kennydale ($1.9 M), Lake Sammamish ($2.4 M, $2.5 M, $3.2 M, $4.7 M) and Medina ($3.7 M, $23.4 M)

Click here to see listing details

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

September 22nd Seattle Area Waterfront Report

September 22nd Seattle Area Waterfront Report
5 NEW LISTINGS –

Denny Blaine ($9.0 M), Lake Sammamish ($3.2 M), Meydenbauer ($5.2 M) and Newport Shores ($3.7 M, $5.1 M)

2 PENDING SALES –

Lake Sammamish ($2.8 M, $4.7 M)

4 SOLD PROPERTIES –

Mercer Island ($4.1 M, $4.2 M), Seward Park ($5.5 M), South Bellevue ($4.0 M)

Click here to see listing details

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040. Information and statistics derived from Northwest Multiple Listing Service.

September 15th Seattle Area Waterfront Report

September 15th Seattle Area Waterfront Report
1 NEW LISTING –

Lake Sammamish ($2.1 M)

3 PENDING SALES –

Enatai ($5.5 M) and Lake Sammamish ($2.1 M, $4.7 M)

3 SOLD PROPERTIES –

Kennydale ($1.5 M), Lake Sammamish ($2.0 M) and Mercer Island ($4.1 M)

Click here to see listing details

© Copyright 2017, Windermere Real Estate/Mercer Island |  (206) 232-0446 | mercerisland@windermere.com | 2737 77th Ave SE, Mercer Island, WA 98040.  Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed.