Washington State Parks Moorage Permits + Seattle Area Waterfront Report

Washington State Parks Moorage Permits + Seattle Area Waterfront Report

With more than 40 marine parks, the Washington State Parks and Recreation Commission has the largest state-managed mooring system in the nation. Daily and annual moorage permits are available based upon boat length.

You can purchase Annual Moorage Permits at fee marine parks, State Parks headquarters in Olympia, and the northwest regional office in Burlington.

Get all the info you need at the Washington State Parks website.

This Week’s Waterfront Activity

5 NEW LISTINGS –

Hunts Point ($5.6 M), Lake Sammamish ($3.2 M), Matthews Beach ($2.0 M), Mercer Island ($3.4 M), and South Bellevue ($1.8 M)

2 PENDING FEASIBILITY/INSPECTION SALES –

Holmes Point ($3.5 M) and Lake Sammamish ($3.8 M)

1 PENDING SALE –

Kennydale ($1.8 M) 

6 SOLD PROPERTIES-

Juanita ($3.7 M, $3.8 M), Lake Forest Park ($1.6 M), Lake Sammamish ($3.7 M), Mercer Island ($3.6 M), and Renton ($1.7 M)

 

View this week’s listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.


windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

Washington State Boater Education Card + Seattle Area Waterfront Report

Washington State Boater Education Card + Seattle Area Waterfront Report

Did you know that recreational boaters born after January 1, 1955 must have a Washington State Boater Education Card on their person when operating a vessel with a 15-horsepower (or greater) motor or certain size sail boats? Get all the info you need at the Washington State Parks website.

This Week’s Waterfront Activity

6 NEW LISTINGS –

Kennydale ($1.8 M), Lake Sammamish ($1.5 M, $1.9 M), Medina ($11.6 M, $14.8 M), and Mercer Island ($5.5 M)

2 PENDING FEASIBILITY/INSPECTION SALES –

Lake Sammamish ($1.1 M) and Newport Shores ($5.3 M)

3 PENDING SALES –

Holmes Point ($3.0 M) and Lake Sammamish ($2.2 M, $3.2 M)

1 SOLD PROPERTY-

Lake Forest Park ($2.8 M)

 

View this week’s listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.


windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

Fishing License Info + Seattle Area Waterfront Report

Fishing License Info + Seattle Area Waterfront Report

Memorial Day Weekend truly kicks off boating activities for many families in our region. If fishing or shellfishing are in your future plans, don’t forget to obtain your 2018 license before you leave the dock. You can find info and many great resources of the Washington Department of Fish and Wildlife‘s website.

This Week’s Waterfront Activity

7 NEW LISTINGS –

Lake Forest Park ($5.2 M), Lake Sammamish ($2.2 M, $3.2 M, $3.8 M, $13.0 M), Mercer Island ($9.9 M), and West Seattle ($2.5 M)

1 PENDING SALE –

South Bellevue ($2.6 M)

3 SOLD PROPERTIES-

Laurelhurst ($7.4 M), Lake Sammamish ($3.5 M), and Magnolia ($3.3 M)

View this week’s listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.


windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

Tide Table Resources + Seattle Area Waterfront Report

Tide Table Resources + Seattle Area Waterfront Report

Handy tide table resources can help you plan your next outing. While you are out and about, check out this week’s private waterfront activity—5 new listings, 5 pending sales under contract, and 4 closed sales.

 

This Week’s Waterfront Activity

5 NEW LISTINGS –

Holmes Point ($3.5 M), Lake Sammamish ($3.7 M), Medina ($21.5 M), Mercer Island ($7.0 M), and Newport Shores ($5.3 M)

5 PENDING FEASIBILITY/INSPECTION SALES –

Juanita ($3.8 M), Lake Sammamish ($1.6 M, $3.9 M), Mercer Island ($4.8 M), and Yarrow Point ($7.3 M)

4 SOLD PROPERTIES-

Lake Sammamish ($3.5 M), Mercer Island ($4.9 M), West Seattle ($2.3 M), and Yarrow Point ($10.0 M)

View this week’s listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.


windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

Seattle Area Waterfront Report

Seattle Area Waterfront Report

Four new private waterfront listings and three newly under contract this week.

This Week’s Waterfront Activity

4 NEW LISTINGS –

Hunts Point ($8.5 M), Lake Sammamish ($3.5 M, $3.8 M) and Yarrow Point ($6.8 M)

2 PENDING FEASIBILITY/INSPECTION SALES –

Holmes Point ($3.0 M) and Mercer Island ($3.8 M)

1 PENDING (FIRM) SALE –

Lake Sammamish ($3.6 M)

0 SOLD PROPERTIES-

No closed sale activity this week.

View this week’s listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

Big Week for Waterfront + Seattle Area Waterfront Report

Big Week for Waterfront + Seattle Area Waterfront Report

Five Seattle-Eastside waterfront homes sold this week and another five went under contract in one of the biggest sale week’s of recent history. Windermere brokers represented clients in nine of this week’s transactions. And the season is just kicking off for Seattle area waterfront!

This Week’s Waterfront Activity

2 NEW LISTINGS –

Juanita ($3.8 M) and Mount Baker ($16.8 M)

1 CONTINGENT SALE –

Denny Blaine ($8.0 M) 

3 PENDING FEASIBILITY/INSPECTION SALES –

Juanita ($3.9 M), Lake Sammamish ($3.9 M) and Richmond Beach ($1.7 M)

1 PENDING (FIRM) SALE –

Laurelhurst ($7.4 M)

5 SOLD PROPERTIES-

Kennydale ($2.5 M), Lake Sammamish ($3.8 M) and Mercer Island ($2.5 M, $4.3 M, $6.5 M)

View listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

Lake Sammamish For Sale + Seattle Area Waterfront Report

Lake Sammamish For Sale + Seattle Area Waterfront Report

Following years of very little inventory for sale, Lake Sammamish shatters records with seven new waterfront home listings in a single week. A total of thirteen new Seattle-Eastside waterfront homes came on the market this week—a sign that we have definitely entered peak waterfront season. If you’ve been pondering a waterfront purchase but were disappointed by the slim pickings this might just be your week to get serious.

This Week’s Waterfront Activity

13 NEW LISTINGS –

Holmes Point ($3.0 M), Lake Sammamish ($1.6 M, $2.3 M, $3.2 M, $3.9 M, $3.9 M, $5.0 M, $14.0 M), Laurelhurst ($7.4 M), Mercer Island ($4.8 M), Newport Shores ($4.2 M), Richmond Beach ($1.7 M), and West Seattle ($2.9 M), 

2 PENDING SALES –

Juanita ($4.5 M) and Lake Forest Park ($2.8 M)

1 SOLD PROPERTY-

Mercer Island ($4.1 M)

View listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

Waterfront Seattle LID + Seattle Area Waterfront Report

Waterfront Seattle LID + Seattle Area Waterfront Report

Waterfront Seattle is a multi-year program to rebuild Seattle’s waterfront following the removal of the Alaskan Way Viaduct. The Program spans the waterfront from Pioneer Square to Belltown and includes a rebuilt Elliott Bay Seawall, a new surface street providing access to and from downtown, and new parks, paths, and access to Elliott Bay. Waterfront Seattle is led by the City of Seattle’s Office of the Waterfront, working closely with civic leaders, stakeholders and the broader Seattle public to create a “Waterfront for All.” -from the WaterfrontSeattle.com website. 

They recently announced announced the details of a long-anticipated Local Improvement District (LID) assessment on property owners that are located in the immediate vicinity of proposed improvements. You can visit their website for full details, additional resources, and links to studies that have been completed to date.

  • The independent real estate appraiser found approximately $414 million in special benefit in the LID study area.
  • The City’s proposed assessment percentage is 48.27%; this percentage would collect $200 million as identified in the Waterfront Seattle Program funding plan.
  • The City’s proposal is a one-time assessment and would not exceed $200 million.
  • For commercial properties, the range of preliminary assessments as a percentage of market value is 0 – 2.87%. The median assessment as a percentage of market value is 0.24% or $7,300.
  • For condominiums, the range of preliminary assessments as a percentage of market value is 0 – 1.45%. The median assessment as a percentage of market value is 0.24% or $2,379.

 

This Week’s Waterfront Activity

4 NEW LISTINGS –

Kirkland ($4.5 M), Lake Forest Park ($2.8 M), Medina ($8.5 M), and North Seattle ($2.4 M)

2 PENDING SALES –

West Seattle ($2.3 M, $3.5 M)

4 SOLD PROPERTIES-

Kenmore ($2.5 M), Lake Sammamish ($2.1 M), Laurelhurst ($5.1 M), and Mercer Island ($3.0 M)

View listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

Seattle Area Waterfront Report

Seattle Area Waterfront Report

Waterfront property in King County is carefully monitored by the Shoreline Management Act according to the Shoreline Master Plan. Each city within King County also has a Shoreline Master Plan for properties situated within city limits. You can find great resources for King County and each city here on TheWaterfrontReport.com.

 

This Week’s Waterfront Activity

1 NEW LISTING –

Lake Sammamish ($4.0 M)

1 PENDING FEASIBILITY/INSPECTION SALE –

Mercer Island ($4.9 M)

1 CONTINGENT SALE –

Magnolia ($3.5 M)

0 SOLD PROPERTIES-

No closed sale activity this week

View listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

Seattle Area Waterfront Report

Seattle Area Waterfront Report

Four new private waterfront listings entered the market this week—all in the Mercer Island and Eastside region. One notable new listing is a $15 million new construction modern with a 7,500 square foot structure on Evergreen Point Road. Four waterfront properties have pending sales and one home sale was closed. Find all of the details below with a link to photos and additional listing information.

 

This Week’s Waterfront Activity

4 NEW LISTINGS –

Medina ($15.0 M), Mercer Island ($4.9 M), and South Bellevue ($2.5 M, $4.5 M)

1 PENDING FEASIBILITY/INSPECTION SALES –

Leschi ($4.6 M)

3 PENDING (FIRM) SALES –

Kennydale ($1.7 M, $2.6 M) and Lake Forest Park ($2.5 M)

1 SOLD PROPERTY-

Mercer Island ($8.2 M)

View listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

Seattle Area Waterfront Report

Seattle Area Waterfront Report

Six new private waterfront listings hit the market this week in the Seattle-Eastside region. Three waterfront properties sold subject to inspection/feasibility and three more closed. Find all of the details below with a link to photos and additional listing information.

 

This Week’s Waterfront Activity

6 NEW LISTINGS –

Alki ($2.5 M), Lake Forest Park ($2.5 M), Lake Sammamish ($1.5 M), Magnolia ($1.9 M), and Mercer Island ($5.3 M, $8.5 M)

3 PENDING FEASIBILITY/INSPECTION SALES –

Lake Sammamish ($3.6 M), Magnolia ($2.4 M) and Beach Drive ($1.9 M)

3 SOLD PROPERTIES-

Holmes Point ($3.3 M), Mercer Island ($8.5 M), and South Bellevue ($2.4 M)

View listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

How to Determine the Value of Shared Waterfront + Seattle Area Waterfront Report

How to Determine the Value of Shared Waterfront + Seattle Area Waterfront Report

The concept of shared waterfront incorporates many different waterfront-sharing situations. Establishing the value of the share isn’t as simple as dividing the overall value of the waterfront parcel by the number of shares…although that’s a good start.

The term “shared waterfront” has been used to describe everything from a private parcel shared by two owners to one shared by an entire private community of hundreds of owners. The value, as you can imagine, is much different in each of these situations.

 

Valuing the Waterfront Parcel: Establishing the value of the shared parcel itself is the first step in determining the value of a share. Like assessing the value of private waterfront, its rarity, location, waterfront access, maintenance cost, and amenities like docks and available moorage all play a role in determining value when compared to like parcels.

Rarity: Waterfront shared by only a few parcels is much harder to find than a private community beach shared by many parcels. Rarer still is one with a dock and deeded moorage.

Location: Value will be influenced by where it sits on the map and the properties surrounding it.

Waterfront Access: Being able to easily walk to the shared waterfront adds to its usability and value. If driving is necessary to access it, is there readily available parking? Can you easily launch watercraft? If not, where is the nearest launch access? What limitations on access exist?

Maintenance: The cost of maintaining the parcel of land and any docks, bulkhead, and access trails or roads is a factor in valuing a share. What is the present condition of these features? What are future anticipated expenses? How are these expenses shared or assessed?

Docks and Moorage: A dock adds considerable value to a waterfront parcel by expanding its use and functionality. Temporary, rotating and deeded moorage each add value to both the shared parcel itself and to the individual parcels based on how they benefit.

 

Valuing Each Individual Share: Once you have determined the value of the waterfront parcel, looking at the number of shares is the next step in determining each share’s value. But, not all shares are created equal. Some will have better access than others.

Often, limited by dock size, some parcels will have deeded moorage while others won’t. And for those with deeded moorage, some will be premium spaces while others are less than ideal. Some shares utilize an annual lottery or rotation system for assigning moorage.

Weighing the value of the individual share’s amenities and benefits is essential to understanding how the share contributes to the value of each individual property. This establishes each share’s percentage of value in the waterfront parcel.

Valuing shared waterfront is far more complicated than it looks. Following a process to arrive at value lessens the risk of overlooking key elements. Utilizing a knowledgeable waterfront appraiser or local real estate broker is a savvy strategy when valuing any waterfront parcel or shared waterfront parcel.

 

This Week’s Waterfront Activity

2 NEW LISTINGS –

Newport Shores ($4.5 M) and West Seattle ($2.3 M)

3 PENDING FEASIBILITY/INSPECTION SALES –

Lake Sammamish ($3.8 M), Newport Shores ($5.3 M) and South Bellevue ($2.4 M)

1 PENDING SALES (Inspection Completed) –

Mercer Island ($9.5 M)

1 SOLD PROPERTY-

Magnolia ($1.3 M)

View listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

New wealth fuels luxury market worldwide [Seattle waterfront not immune] + Seattle Area Waterfront Report

New wealth fuels luxury market worldwide [Seattle waterfront not immune] + Seattle Area Waterfront Report

Luxury purchases are more prolific right now than ever. Take the Seattle Boat Show for example. The waiting list for many $100,000+ yachts is more than a year. They are simply sold out. Bosa’s One88 luxury Bellevue condo project is another example. It is rumored that all ($800,000-$1.1 M) one-bedroom units and more than half of the 143 total units are already sold out in the first two weeks.

In the waterfront home sector, we’ve seen three $20M+ waterfront sales in just over six months—nearly unheard of in our market. All three sales were of Eastside properties: a Media home just off Dabney Point sold for $26,675,000 in February (18); a second Medina home just east of the first sold for $$23,375,000 in September (17); and a Meydenbauer Bay home sold for $21,000,000 in August (17).

Recently, Luxury Portfolio International—of which we are a member company—partnered with YouGov conduct research on the luxury market. Below is an excerpt from their press release:

New research commissioned by Luxury Portfolio International®, the luxury face of Leading Real Estate Companies of the World®, predicts that younger buyers will continue to energize the luxury real estate market. The report, titled, The Rise of the New Aristocracy, was released at the Luxury Portfolio SUMMIT in Las Vegas on January 29, 2018. The United States is seeing a dramatic surge in the number of affluent households. The New Aristocracy, defined as affluent consumers aged 25-49, exhibit a strong preference (78%) for large homes with square footage over 5,000 square feet, generally grew up with wealth and anticipate inheriting on average $4M. The implications this will have for luxury real estate are significant.

“This group is unlike any American generation before it,” noted Luxury Portfolio International® executive vice president Stephanie Anton. “Their economic power and conversance with the world of luxury make them savvy consumers with very refined and focused tastes.”

Additional findings from The Rise of the New Aristocracy report:

  • Over half of luxury buyers under 50 (53%) are seeking a home over 7,500 square feet whose size is driven by lifestyle demands and specialty spaces rather than necessarily beds and baths.
  • The New Aristocracy is twice as likely as Luxury Loyalists to say pools are essential and nearly three times as likely to consider a spa/Jacuzzi essential.
  • Most sought-after community amenities for the luxury buyer include a gym, walking trails and valet parking. 55% of The New Aristocracy consider proximity to dining an essential feature for their next home.

Luxury Portfolio International partnered with YouGov to create this survey of real estate demands and expectations among high-net-worth consumers in America. To download the complete report with all findings, please visit http://www.luxuryportfolio.com/whitepaper. Luxury Portfolio International® (www.luxuryportfolio.com) is the luxury face of Leading Real Estate Companies of the World®, the largest global network of premier locally branded companies dominated by many of the world’s most powerful independent luxury brokerages. Luxury Portfolio International® attracts a global audience of visitors from over 200 countries/territories every month and marketed over 50,000 luxury homes to over three million high-net-worth visitors last year.

 

This Week’s Waterfront Activity

3 NEW LISTINGS –

Lake Sammamish ($3.6 M, $3.8 M), and Mercer Island ($3.3 M)

1 PENDING FEASIBILITY/INSPECTION SALES –

Lake Sammamish ($3.5 M) 

2 PENDING SALES (Inspection Completed) –

Kenmore ($2.4 M) and Laurelhurst ($5.0 M)

0 SOLD PROPERTIES-

No closed sale activity this week.

View listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

What Determines Waterfront Value? + Seattle Area Waterfront Report

What Determines Waterfront Value? + Seattle Area Waterfront Report

While supply and demand clearly play a role in establishing the value of a waterfront property, several unique elements overshadow the typical supply divided by demand equation.

The first one is rarity. Examples of this include:

  • point properties—waterfront at the tip of one of our few natural points—with more expansive water frontage and street privacy
  • parcels with extended front footage—homes that have far more waterfront feet than the norm (i.e. 180 front feet versus a more typical 60-80 feet)
  • iconic properties—homes that have significant owners or histories

As with all real estate, location is a critical factor in assessing waterfront value. Any given property will have a value adjustment based on where it sits on the map and how the surrounding properties influence it. You can’t establish value without first determining the range of values for that location. When there are few comparable recent sales in a given location we often separate land value from the house value, compare them separately to other sold properties and then determine their combined value.

Waterfront access and amenities, which affect how you can use the waterfront, are an important consideration. This includes topography, dock, water depth and exclusivity. Higher value is generally given to:

  • no or low bank waterfront with walk out access
  • expansive views unhindered by natural obstacles or man-made structures
  • large dock structures in good condition and/or boat houses that can no longer be built
  • locations with higher water quality and/or deep-water moorage/access

A waterfront home’s setting also plays an essential role in its value. Homes most in demand include those with:

  • an estate-like feel and additional privacy
  • comfortable road access and parking
  • sunny exposure
  • larger (useable) lot square footage
  • preferential positioning of the home and windows to capture views from most rooms
  • remodel/rebuild-slated homes that have good construction access

Last, but not least, is the structure itself. While many waterfront buyers chose to make substantial changes to put their signature on their home, many still prefer turnkey homes with desirable floor plans and amenities. Because desired amenities change over time and the typical owner/buyer can usually afford to create what they want, waterfront homes tend to see the wrecking ball far earlier than non-waterfront properties.

In summing it all up, waterfront value is affected by many different criteria with supply and demand often determining how quickly a home will transact. The fewer potential buyers for a given price point, the longer the market time will typically be. That said, many waterfront buyers spend years waiting for the right combination of personally-desired features and amenities to come to market—making the demand less predictable than in other real estate arenas. This explains why you might see an expensive, rare waterfront property transact very quickly while similar homes sit on the market for years. Another old saying might sum up waterfront value best, “Beauty (and value) is in the eye of the beholder.”

 

This Week’s Waterfront Activity

5 NEW LISTINGS –

Bellevue ($9.0 M), Kenmore ($2.4 M), and Mercer Island ($2.5 M, $6.5 M, $8.4 M)

3 PENDING FEASIBILITY/INSPECTION SALES –

Lake Sammamish ($2.5 M) and Mercer Island ($6.5 M, $9.5 M)

2 SOLD PROPERTIES-

Lake Sammamish ($4.2 M) and South Bellevue ($2.6 M)

View listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

A Boating App We Love + Seattle Area Waterfront Report

A Boating App We Love + Seattle Area Waterfront Report

Most boats have onboard navigation, but let’s say you want to chart out your next dream cruise with a group of friends at a party and don’t want to haul along books of charts. Or maybe you want to check out how deep the moorage is at potential waterfront homes while you are there viewing them. We often refer our clients to a handy app by Navionics. It includes navigational charts, hazards and depths for US waters, Canada and many other parts of the world and is updated regularly…unlike the dusty old charts you have laying around your living room. You know it’s true.

Check it out for yourself. And while you’re at it, consider parking that boat more permanently at one of the incredible new waterfront home listings below.

Navionics App TheWaterfrontReport.com

 

This Week’s Waterfront Activity

4 NEW LISTINGS –

Kennydale ($2.6 M), Lake Sammamish ($2.4 M) and Mercer Island ($5.9 M, $9.5 M)

NO PENDING SALES –

No pending sale activity this week

1 SOLD PROPERTY-

Kirkland ($6.4 M)

View listing details


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

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


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. 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


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. 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


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. 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


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

Meydenbauer Park + Seattle Area Waterfront Report

Meydenbauer Park + 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


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

Draft Marine Spatial Plan + Seattle Area Waterfront Report

Draft Marine Spatial Plan + 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


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. Information and statistics derived from Northwest Multiple Listing Service.

Sea Level Rise Report + Seattle Area Waterfront Report

Sea Level Rise Report + 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


ABOUT WINDERMERE MERCER ISLAND

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

windermeremercerisland.com | (206) 232-0446 | mercerisland@windermere.com
2737 77th Ave SE, Mercer Island, WA 98040.

© Copyright 2018. 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.