April 14, 2010

Waterfront Home Sales on The Eastside, March 2010

While waterfront home sales on the Eastside weren't as brisk in March as they were in Seattle, we did see a significant handful of sales that give a picture of the current waterfront market. Overall, we're seeing an improving market in terms of total sales of waterfront homes, but significant discounts in final sale prices.

Seattle Waterfront Homes - The Eastside
Waterfront Home Sales on the Eastside

12505 Holmes Point Dr NE, Kirkland WA 98034
This 3500 sq ft home sits on 1/3 of an acre of Lake Washington waterfront property on the North end of Kirkland. With 100 feet of waterfront footage, it has an expansive shoreline. The 4 bed, 2.75 bath, mid-century home was on the market for a year, with an initial listing price of $2.85 million. It was listed for $1.65 million in March, and negotiated down to a final selling price of $1.525 million.

2424 W Lake Sammamish Pkwy NE, Redmond WA 98052
This Lake Sammamish waterfront home was a short sale, and had been on the market about 9 months. It has a guest house and newly-constructed main home on 50 feet of waterfront with a 6 car garage. Originally listed at $3.4 million, it's listing price dropped to $2.45 million last month and it closed at $2.3 million.

Hunts Point WA Waterfront Home

4014 Hunts Point Rd, Hunts Point WA 98004
This is a beautiful piece of property with a very traditional feel. The 1+ acre of land provides plenty of privacy for the 4700 square foot home with 86 feet of waterfront. The moorage can accomodate a large yacht and float plane, while the 7 car garage leaves plenty of space for a collector. This home was on the market for 10 months, with a fixed list price of $8.8 million. The final sale price was $7.95 million.

4344 Hunts Point Rd, Hunts Point WA 98004
This one was a real surprise. The French manor near the tip of Hunts Point was only on the market for a month and a half. Its list price was $15.8 million, and while the ultra-luxury market has seen some steep discounts, the $11.28 million sale price was a very substantial reduction. This 8300 square foot home has 5 beds, 6.5 baths, and 157 feet of waterfront. The 52,000 sq ft lot is one of the better pieces of property in greater Seattle.

Current Seattle waterfront homes for sale

Sam DeBord is a licensed real estate broker with SeattleHome.com, a division of Washington State Realty, LLC. He is a member of the Seattle-King County Association of Realtornd a Green-Certified Pro.

Source: Individually compiled NWMLS statistics. The NWMLS database and statistics do not include many new construction pre-sale units, private sales or auction sales. These statistics were not compiled or published by the Northwest Multiple Listing Service.

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