Q2 Waterfront Report for Seattle, Eastside Lake Sammamish and Mercer Island

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Waterfront Report

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SEATTLE

Seattle’s diverse private waterfront consists of both rugged Puget Sound saltwater coastline and protected Lake Washington shoreline, along with a number of smaller bodies of water (not included in this report).  Of Q2’s 10 waterfront sales, 6 were sited on Lake Washington north of 520, 1 on Lake Washington south of 520, and 3 on Puget Sound in West Seattle.

The highest sale, at $5 million, was a Washington Park 1952-built, 4296 square foot, Harrison Overturf designed mid-century modern remodeled in 1998 by Ralph Anderson with 60 feet of prime waterfront. Listed at $5,450,000, it sold in 21 days at 92% of its asking price. The most affordable private waterfront home, a 1912 West Seattle Craftsman listed at $1,275,000 and sold for $1.35 million in 7 days. Located just steps from Lincoln Park, this 2930 square foot home was sited on a shy 2/3 acre (with much of the land as tide flats) and had feet of frontage on Puget Sound.

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MERCER ISLAND

The pace of Mercer Island waterfront sales has slowed from 15 pending listings in Q2 2015 to 8 during the same period this year. Closed sales are less than half of their typical pace—from 14 in 2015 to 6 during the same April-June time frame. This has resulted in a dramatic climb in the Month’s Supply of Inventory –from 4 months in Q2 2015 to 9 month’s supply in 2016—during a time when the market has otherwise been brisk. Of the 6 homes sold, 2 were Westside, 2 South End, and 1 each North End and Eastside.

The highest sale, at $7.5 M, was of a 1989 traditional with 6350 square feet on two extraordinary, side by side buildable waterfront lots with 204 feet of low bank West facing Gold Coast waterfront. Listed at $8,188,660, this home sold in 1 day at just shy of 92% of its listed price.

Only one private waterfront home sold below $3 M in the second quarter. It was an Eastside, 1952-built, 2400 square-foot basement rambler on a quarter acre lot with 80 feet of waterfront listed at $2,298,000 and sold for $2,290,500 after 14 days on the market.

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EASTSIDE

Of the 16 private waterfront sales in Q2, half sold above $3 million. Kirkland had the highest concentration of sales, although not surprisingly, Medina ($6.3 M) and Hunts Point ($5.5 M) boasted the highest average sale prices. Twenty-five new listings entered the market increasing the average listing count to 36 active listings. The pace of sales slowed, with only 17 pending sales reported between April and June in 2016 as compared to 30 during the same period last year.

Scarcity in highly desirable market segments—west facing, turn-key or blank slate, and with optimum usable land has been met with an overabundance of supply in other segments. This brought the average days on market of sold listings to a startling 23—while other homes remained on the market waiting for just the right buyer.

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LAKE SAMMAMISH

In spite of 14 new listings for sale, inventory on Lake Sammamish has been scarce—averaging 13 active listings in Q2. Twelve pending sales are on the books awaiting closing—but only 2 sales were actually closed—the lowest number of quarterly closings in many years.

The highest Lake Sammamish sale was listed at $3,788,000 and sold near asking price at $3,775,000. A spectacular 5,875 square foot, 2010-built award-winning traditional with 20 foot ceilings and sited on 88 feet of sandy level beach with its own private dock. Located on the east side of the lake and north of Lake Sammamish State Park, this home sold at nearly 100% of its list price in early April after 11 days on the market.

The second private waterfront home sold in Q2 was listed at $1,595,000 million and sold at $1,487,500 in April after 17 days on the market. It was a 2000-built home with a mere 1,810 square feet on a sliver of land with 32 feet of waterfront along the east side of the lake.

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© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed. For questions or comments, email Julie Barrows at julie@windermere.com.

 

Buying Waterfront Properties – What You Should Know Before You Take the Plunge

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Luxury Trends

Posted June 8 2016, 3:00 PM PDT by Kelly Weisfield

Living on the Water Is a Lifestyle

Enjoying direct and private access to the water is typically the primary motivator for buyers seeking a waterfront property. As such, it’s really important to consider how you intend to use your waterfront. For example, if you’re a boater, evaluate the moorage at the property. Is the water deep enough for your particular type of boat? Is there a boat lift to keep the boat out of the water when not in use, or do you plan to dry dock for the winter? If you’re a swimmer, is the lakeshore accessible to wade in, or do you have to jump off a dock or platform?  If you have jet skis, sail boats or other water toys, is there a place to store them or moor them? If you’re looking forward to peaceful days on your stand-up paddleboard, is the water in front of your home typically choppy or calm? When you entertain, is there ample parking for guests  or space for visitors to tie up their boats on your dock?

Your directional orientation will also impact your waterfront living experience. East-facing waterfront will allow you to enjoy wonderful sunrises. If you prefer sunsets, west-facing waterfront is preferable. South-facing properties generally enjoy light all day but can also experience more direct weather.

 

Focus on the Property More than the House

The golden rule of real estate, “location, location, location,” is even more true when considering a waterfront property. The ratio of land value to total property value is generally higher in waterfront properties. You can always update and change your home, but you cannot change the location. Consider especially the following features of the property:

  1. View. One of the great perks of being on the water is enjoying the beautiful views. Understand if your view is protected by CC&Rs or view easements. If there are any view-obstructing trees or structures, identify whose property they are on and your ability to maintain your view.
  2. Proximity to the Water. If the home is not close to the shoreline, consider how you’ll access the water. If you plan to entertain lakeside, think about how you’ll get food, beverages and supplies down to the waterfront easily.
  3. Privacy. The property’s feeling of privacy usually corresponds to its waterfront frontage. The larger your waterfront frontage, the more buffer you’ll have from your neighbors.
  4. Topography of the Land. Is the waterfront property on a level lot or a steep slope? Access to the water is easier on a flat lot – many lakefront lots are steep and can be difficult to get up and down to. Again, this impacts the value of the property

 

Understand What You Can and Can’t Do with the Property

Waterfront properties are subject to additional regulations and codes from various local, state and federal agencies. There are very strict regulations on shoreline development. If the property requires a new dock or bulkhead, it’s important to know that this can be a very challenging process given the multiple government agencies involved. These limitations are likely to get even more restrictive in the near future as the shoreline regulations are being updated. Sooner is better than later in applying for any permits related to docks, bulkheads and changes to the shoreline.

Finally, if you’re planning to build or significantly remodel, do a thorough feasibility analysis given city codes and shoreline regulations. New construction often cannot be built as close to the water as the existing structure under current code. In addition to meeting with the city, engage an architect and builder who have significant experience building waterfront properties in your area to help advise you about what likely limitations there are on your particular parcel.

 

Every Waterfront Property Is Unique – Learn the Nuances

Living on the water means that you have an additional set of factors to consider concerning your waterfront experience. For example, what is the boating traffic like in front of your home? Is it a busy channel or near a favorite fishing spot where boaters tend to congregate? Look closely at the properties of your waterfront neighbors: is there a tear-down next door so there will likely be a construction barge in front of you for the next few years? Does your neighbor have a huge yacht moored all summer that blocks your view? Is there a public beach nearby or community club that will cause noise late into the evenings?

If you’re considering shared waterfront, be especially thorough in understanding your rights and ownership interests. Some shared waterfront properties have a specifically deeded boat slip, though many others share an interest in a community dock. The system for moorage assignment and rotation can often lead to contention among neighbors, so it’s important to learn as much as you can about how the shared waterfront and is handled in your neighborhood.

There is a reason that owning a waterfront home is a life-long dream for so many people – it brings an extraordinary lifestyle. As a significant financial investment and very unique type of real estate, it’s especially critical to engage professionals who understand the complex issues inherent in waterfront properties. Equipped with the right expertise, guidance and knowledge, you’ll be ready to turn to your waterfront dream into a reality.

 

Windermere’s second annual Washington Waterfront Home Tour on June 11-12 features nearly 100 properties statewide, ranging in price from $189,000 to $10.4 Million. To learn more about the event and featured properties go to www.waterfronthomeswa.com 

 

Kelley Weisfield is a long-term resident of Seattle and the Eastside. She works out of the Windermere Real Estate Mercer Island office, ideal for cultivating opportunities for buyers and sellers around Lake Washington. Kelley worked as an attourney for 11 years before she made the switch to real estate more than 13 years ago.

 

 

Photos by Michaelo Walmsley, Forest Ave Photos

Waterfront lifestyle in reach? Tour unveils 95 homes, from $189,000 to $10.4 million

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Luxury Trends

A Laurelhurst manse on the market for $10.4 million is the most expensive of the more than 95 homes listed on the second annual Washington Waterfront Home Tour, sponsored by Windermere Real Estate June 11 and 12.

The Laurelhurst home, covered in Patti Payne’s Cool Pads, is owned by Rick and Nancy Alvord, part of one of the area’s most philanthropic families. The estate was leased by Seahawks quarterback Russell Wilson for almost two years. Wilson wound up buying an estate of his own, a very private $6.7 million mansion in the Meydenbauer Bay area of Bellevue on Shoreland Drive and you can bet Wilson’s pad is not on the tour. This Alvord estate, as well as the whole tour in general, is sure to draw lots of interest from people looking for a waterfront lifestyle and who can sign up to tour the homes in areas from the San Juan Islands, to Lake Sammamish, Lake Chelan and even Spokane.

While the Alvords’ home is the highest priced in the event, other properties are priced from $189,000 on up. “What better way to kick off summer than with a waterfront home tour?” said OB Jacobi, president of Windermere Real Estate, in a statement. “People often associate waterfront homes with luxury estates, but we are featuring properties that fit a variety of needs, styles, and budgets throughout Washington.”

Posted on June 2, 2016

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Puget Sound Business Journal | June 1, 2016
Patti Payne

One of ‘Seattle’s 10 Greatest Homes’ Lists for $1.8M

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Luxury Trends
Featured Image -- 1958

In 2011, Seattle Met asked a panel of experts to pick the ten greatest homes of all-time in Seattle. You’re looking at one of them.

The dwelling looks like the considered marriage of a Craftsman bungalow and a classic wooden boat—two Seattle bloodlines coming together, appropriately, on Lake Union. The barrel-vault ceiling over the second-story den arcs across laminated fir beams, a scaled-up sailboat cabin. As in a boat, no possibility for storage space is wasted; even the cherry-faced Craftsman-style columns flanking the fireplace open to reveal shelves for DVDs. It’s only 1,400 square feet, but it doesn’t feel tight. Because it’s all so logically functional and carefully executed, it avoids the trap that ensnares so many designers working in popular historical styles. “I was searching for an honest expression of the materials,” Burgess says, “trying to get underneath the kitsch.”

With the right shades of blue paint and…

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Q1 2016 Seattle Area Waterfront Report

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Waterfront Report

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SEATTLE

With only two sales to hang its hat on, private waterfront in Seattle saw a very sleepy first quarter. The water’s edge to the East of Seattle had the most activity with 2 new listings and 3 pending sales, while West Seattle and Magnolia were the sole benefactors of a single closed sale each.

Increasing prices, higher list price to sale price ratios, and longer market times are some of the conflicting elements that make this quarter’s data in Seattle about as clear as mud. Not an anomaly with first quarter data given the small number of sales to evaluate.

Seattle’s diverse private waterfront consists of both rugged Puget Sound saltwater coastline and protected Lake Washington shoreline. In the first quester, both Seattle waterfront sales were located to the West along Puget Sound. In contrast, more than half of all 2015 sales were of homes located along the shores of Lake Washington.
The first of Seattle’s two Q1 sales is a 1968 NW Contemporary with 4200 square feet sited on a .22-acre lot lot with 61 feet of waterfront bulkhead on Puget Sound saltwater just North of Discovery Park. On the market for 881 days, it sold for 99% of its final listed price. The second sale was of a remodeled 1925-built Beach Drive home with 4200 square foot on a .16 acre lot with 60 feet of waterfront bulkhead on Puget Sound just South of Alki in West Seattle. It sold at 95% of its original listed price after 79 days on the market.

MERCER ISLAND

Mercer Island waterfront saw solid price growth in Q1 as the low supply of inventory—both on the water and off—increased demand for the most desirable properties. That said, not a single private waterfront home transacted at higher than its list price, with the average ratio of list price to sale price standing at 92%.

There were 9 new private waterfront listings in the first quarter leading to an average of 13 active listings at any given time. 7 pending and 7 closed sales resulted in a respectable level of pre-peak season activity and is a good indication of a strong spring market ahead.

The highest sale, a 4800 square foot Avalon Drive craftsman sited on just over a 1/3-acre lot with 60 feet of low-bank waterfront with a separate guest apartment, private dock and covered lift, sold for $4,075,000—94% of its listed price, after 209 days on market. The most affordable sale, at $2,375,000, was also located in the southeast quadrant of the Island. It’s beautiful grounds and 55 feet of waterfront were strong qualities of this 1980-built contemporary home sold at its full reduced list price after 153 days on the market.

EASTSIDE

Waterfront prices on the Eastside have been on the rise. Of the 9 private waterfront sales, 8 sold above $3 million—and of those, 75% transacted with a sale price above $3.5 million. West Bellevue and Yarrow Point were the most active locales.

Sixteen new listings entered the market in Q1 bringing the average listing count at any one time to 22 active listings on the market. There were 10 pending sales reported with the activity shared between January and March with a very quiet February.

The highest Eastside sale in the first quarter was a 6900 square foot 1988-built William Buchan resale with 118 feet (+ a one-half interest in an adjacent 22 feet) of no bank waterfront on a rare 2/3-acre lot located in Enatai. An estate sale, this home sold $4.68 million—95% of its list price—in mid-January after 75 days on the market.
The most affordable private waterfront home, at $2.25 million, was a 1986 Juanita Point two-story sited on a 1/3 acre lot with 70 feet of south-facing no-bank waterfront. The traditional floor plan featured 4400 square feet with stunning water and Mount Rainier views from most rooms.

LAKE SAMMAMISH

With 5 of the 6 new listings in Q1 the West side of Lake Sammamish saw far more activity than the East side of the lake did—although the four sales were evenly divided between the two areas. Still a very tight market with an average of only 5 active listings for sale, the six new listings were offset by 4 pending and 4 closed sales.

Lake Sammamish has indeed grown up as a luxury community—having gained incredible popularity over the past two years as a comfortable and protected lakefront community in close proximity to the hustle and bustle of both the Seattle and Eastside metro areas. The highest Lake Samm sale transacted for $3.75 million. A 6600 square foot, 2002-built modern with 160 feet along the water’s edge and sited on just over an acre with window walls, a lush wooded setting, four decks, and a private dock. Located just South of Idlywood Park on the West side of the lake, this home sold at 93% of its list price in early February after 160 days on the market.

The most affordable private waterfront home on the lake, at $2.3 million, was a 1979-built home with 100 feet of waterfront on a street-to-water lot just East of Tam O’Shanter. It sold at 94% of its listed price after 137 days on the market.

 

© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed. For questions or comments, email Julie Barrows at julie@windermere.com.

Famed Architect’s $5.9M Mercer Island Waterfront Manse Listed

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Luxury Trends
Featured Image -- 1952

A head turner o a Mercer Island home – which is listed for $5.88 million – was the creation of the late Ralph Anderson, one of Seattle’s most prolific and famous architects, and his builder son Ross Anderson. Together, the two of them designed and built this 4,540 square foot waterfront home located on 4014 East Mercer Way. It turned out to be te preservationist’s second last home. They completed it in 2001. Windermere Premier Broker Larry Williams has the listing and loves talking about this quintessential Anderson home… continue reading.
Patti Payne’s Cool Pads | March 11, 2016

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Last Week’s Biggest Sales Took Place in Lake Forest Park & Bellevue

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Featured Image -- 1941

Seattle Curbed | April 11, 2016
Sean Keeley

Listedfor: $2.45M
Received: $2.45M
Size: 3-BR, 3.25-bath, 3,250 sf.
Location: 16202 Beach Dr NE, Lake Forest Park
The Skinny: Built in 1937, this Lake Washington waterfront home lasted all of four days on the open market. The home takes full advantage of it’s location with walls of windows and a smart layout that works that view into most of the major rooms. Very clean and bright updating has been done throughout and the new owners seem to be getting a place that looks much better than it’s age.

903073_0.0903073_12_0.0903073_14_0.0903073_2_0.0Listedfor: $2.588M
Received: $2.275M
Size: 6-BR, 6.5-bath, 6,445 sf.
Location: 6320 168th Place SE, Bellevue, WA
The Skinny: Originally listed for $2.58M in August 2015, this place steadily dropped that price three times over the next six months before finding a buyer that came in with…

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2015 Annual Waterfront Report

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Waterfront Report

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SEATTLE

On the east side of Seattle, notable waterfront communities abut Lake Washington including Matthew’s Beach, Sand Point, Windermere, Laurelhurst, Mount Baker and Leschi. The western shore is also home to the University of Washington campus, along the water’s edge just south of Laurelhurst down to the Montlake Cut and Portage Bay.

On Puget Sound, a bluff and the Burlington Northern railroad track separate many prominent water view communities from the waterfront along Richmond Beach and past waterfront landmarks such as Carkeek Park, Golden Gardens, Shilshole Bay, and the Ballard Locks. Private waterfront homes are located just north of Discovery Park along the inlet to the locks, in Magnolia along Perkins Lane, and in West Seattle along Alki and Fauntleroy.

Seattle had 41 private waterfront sales in 2015 with 21 above $2 million and 13 above $3 million.

MERCER ISLAND

Mercer Island’s private waterfront homes are situated along the shores of Lake Washington around the perimeter of the Island. While it is an island, Mercer Island is connected to Seattle and Bellevue via Interstate 90 making it an ideal location to commute to either metro locale.

Its central location tops the list of attractive attributes of the “Rock.” The Island has many waterfront micro-markets as its terrain, vegetation and topography vary significantly from point to point.

The sunny west side of the Island benefits from afternoon sun, Seattle views, and spectacular sunsets. The rugged eastside is more forested in true NW style with brilliant sunrises and afternoon shade.

Mercer Island had 30 private waterfront sales in 2015 with 27 above $2 million and 19 above $3 million.

EASTSIDE

The Eastside’s private waterfront consists of homes sited along Lake Washington from just north of St. Edwards State Park to Newcastle Beach Park; encompassing the cities of Kenmore, Kirkland, Bellevue, Medina, Newcastle and Renton.

The water’s edge along the east side of Lake Washington includes many desirable points, bays and vistas—especially those centrally located in the Yarrow Point, Hunts Point and Medina neighborhoods.

Unlike those homes situated on the west side of the lake, the east side enjoys exceptional sunsets from their vantage point along the eastern shore line. Many homes feature low or no-bank waterfront providing level beach access and spacious docks.

The Eastside had 50 private waterfront sales in 2015 with 42 above $2 million and 27 above $3 million.

LAKE SAMMAMISH

Lake Sammamish is the sixth largest lake in the state of Washington, located 8 miles east of Seattle and just north of the I-90 corridor.

It is an outstanding freshwater community with a 24-mile circumference and an abundance of local recreational activities. It is bordered by two large and active regional parks–Marymoor Park to the north and Lake Sammamish State Park to the south.

The sunny east side of the lake benefits from afternoon sun and stunning sunsets. The shady west side boasts morning sun and is more likely to be steep and forested. Lake Sammamish enjoys convenient access to Bellevue, Seattle and the Microsoft campus.

Lake Sammamish had 38 private waterfront sales in 2015 with 23 above $2 million and 3 above $3 million.

 

© Copyright 2011-2016, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed. For questions or comments, email Julie Barrows at julie@windermere.com.

Q3 2015 Waterfront Report for Seattle, the Eastside, Mercer Island and Lake Sammamish

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Waterfront Report

Eastside waterfront fared remarkably well in the third quarter with several homes entertaining multiple offers before selling at or near their listed price—a break from the norm at this price point where listing prices are often heavily negotiated. The highest sale was a regal Mediterranean estate on Shoreland Drive in West Bellevue with west facing views of Lake Washington and the Seattle skyline at $6.7 million. Built in 2008, it’s nearly 11,000 square feet of living space is situated on a 2/3 acre lot along 80 feet of private waterfront. The least expensive waterfront was a 1951 built home on a tiny .08 acre lot with 55 feet of waterfront along the shores of Lake Washington near the Seahawk’s training facility sold above list price at $1.07 million.

The Eastside’s private waterfront consists of homes sited along Lake Washington from just north of St. Edwards State Park to Newcastle Beach Park; encompassing the cities of Kenmore, Kirkland, Bellevue, Medina, Newcastle and Renton.

Mercer Island private waterfront homes saw moderate gains in the third quarter—the Island’s most active quarter for waterfront sales each year. A couple of notable sales above list price but otherwise a slow, steady and sustainable pace for the Island’s prime waterfront market. The highest private waterfront sale was a rare Westside Gold Coast home on Boulevard Place with 100 feet of no-bank waterfront for $4.25 million. Its Northwest contemporary design with 4,450 square feet was built in 1981. The least expensive home was a medium-bank, 1989 built, 3,980 square foot home on 30 feet of waterfront on the southwest tip of the island sold above list price at $2.21 million.

Mercer Island’s private waterfront homes are situated along the shores of Lake Washington around the perimeter of the Island. While it’s an island, Mercer Island is connected to Seattle and Bellevue via Interstate 90.

Coming on the heels of a very quiet year, out of nowhere Lake Sammamish pulled off 13 sales in its very active third quarter. The highest private waterfront sale was a 2003 Todd Erickson built, 4,650 square foot modern on situated on 50 feet of west-facing no-bank waterfront. Its dramatic architecture, master spa-bath, and outdoor living room contributed to an above list sale price of $3.33 million. On the budget side of the spectrum, a tiny 1952 original cabin along a narrow sliver of land abutting an incredible 295 feet of Lake Sammamish sold for $1.2 million.

Lake Sammamish is the sixth largest lake in the state of Washington, located 8 miles east of Seattle and just north of the I-90 corridor.

Not to be left out, Seattle posted 14 waterfront sales in the third quarter. The highest private waterfront sale at $3.92 million was a 1962 Laurelhurst gem located on 140 feet of prime no-bank waterfront with stunning Mount Rainier views and a large boathouse for entertaining. The lowest sale was of a 1924 Cedar Park cabin on Riveria Place with 30 feet of waterfront and its own dock for just shy of $1.1 million.

Seattle’s waterfront homes are sited on either west shore of Lake Washington to the east or Puget Sound (saltwater) to the west.

© Copyright 2012-2015, Windermere Real Estate/Mercer Island. For questions or comments, email Julie Barrows at julie@windermere.com.

 

Click images below to view the full report for each area.

Mercer Island

Seattle

Lake Sammamish

Eastside

Q2 2015 Waterfront Report for Seattle, the Eastside, Mercer Island and Lake Sammamish

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Waterfront Report

Click the images below to see the full report for each area.

Mercer Island

Seattle

Lake Sammamish

Eastside

 

The highest sale of the second quarter on the Eastside was an exquisite 7112 sq. ft., 2006 built Hunts Point home on 100 ft. of private Lake Washington waterfront with undisturbed East facing views at $9,500,000 (listed for $9,950,000). The lowest private waterfront sale was a $1,675,000 (listed at $1,777,000) 2 bedroom Barbee Mill resale, originally built in 2013, in Kennydale on a 5805 sq. ft. lot with 41’ of waterfront.

The Eastside’s private waterfront consists of homes sited along Lake Washington from just north of St. Edwards State Park to Newcastle Beach Park; encompassing the cities of Kenmore, Kirkland, Bellevue, Medina, Newcastle and Renton.

The highest sale on Lake Sammamish was of a gated estate with a 4,690 sq. ft. two-story home and 1,300 sq. ft. guest house on a shy half acre with 63 feet of no-bank waterfront which both listed and sold at $3,650,000. The lowest sale was 2006 built 1550 sq. ft. 2 bedroom home on a small 1767 sq. ft. lot with 30 feet of waterfront for $1,075,000 (listed at $1,100,000).

Lake Sammamish is the sixth largest lake in the state of Washington, located 8 miles east of Seattle and just north of the I-90 corridor.

Mercer Island’s highest private waterfront sale was a 2007 built, 13,721 sq. ft., 8 bedroom, 8.5 bath spectacular waterfront home sited on 1.23 acres with 120 feet of north-facing Lake Washington waterfront for $13.8 million (listed at $16.5 million). The lowest Island sale was an as-is 1951 cabin on a 12,000 sq. ft. lot with a grand 5 feet of waterfront for $1,020,000 (listed at $999,000).

Mercer Island’s private waterfront homes are situated along the shores of Lake Washington around the perimeter of the Island. While it’s an island, Mercer Island is connected to Seattle and Bellevue via Interstate 90.

Seattle’s highest private waterfront sale was a 2001 built 4400 sq. ft. Laurelhurst Colonial Revival with 50 feet of Lake Washington waterfront on .32 acres. Listed at $4,650,000 and sold for $5,220,000. The lowest sale was a 1928 Beach Drive cabin located on 40 feet of Puget Sound waterfront in West Seattle sold at list price for $1,175,000.

Seattle’s waterfront homes are sited on either west shore of Lake Washington to the east or Puget Sound (saltwater) to the west.

© Copyright 2012-2015, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed. For questions or comments, email Julie Barrows at julie@windermere.com.