Mercer Island, Estate of the Day

by Deidre Woollard (RSS feed)
Feb 4th 2009 at 1:01PM

Today's listing takes us to a 1932 brick home in the pricey Mercer Island area of East Seattle, Washington. This home is on 1.37 acres and has a beach, a dock with boat lifts, a two-bedroom guest house and a carriage house that has three office spaces. The main home has been completely rebuilt and expanded. It has lost some of its vintage charm but does retain some details like beamed ceilings and leaded glass windows combined with a more modern open floor plan. Rocks surround an indoor pool which has a waterslide and spa. The home also has a game room, sports court and home theater. it is listed at $29.95 million.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

Gallery: Mercer Island

Tags: estate of the day, EstateOfTheDay, mercer island, MercerIsland, seattle, washington

Filed under: Estates

Source

Subscribe to these comments

Reader Comments (Page 1 of 1)

lou Feb 4th 2009 2:32PM

This house has been for sale for an eternity. According to records, they paid 7.8 million for it and it was listed for 40 million almost 2 years ago and now it's down to 30..... seems they still have a way to go to bring the price down further. It didn't sell at 40 when the market was red hot on fire and didn't sell at 35 while the market cooled, and now 30 when the market is dead .... they haven't hit the right price yet.

Eric of AZ Feb 4th 2009 4:35PM

If you go to realtor.com, you will see a MUCH nicer and MUCH larger home on a bigger lot for only $5M more.

It, too, was on the market for $40M for quite some time, before the $5M price reduction -- where it has sat for quite some time.

Deidre Woollard Feb 4th 2009 11:33PM

Hi Eric, I got curious and took a look. Do you mean the Lytle mansion? We covered that one way back in 2005, http://www.luxist.com/2005/10/10/the-lytle-mansion/ when it was at $40 million and it had been on the market a while then. I agree, that home is fantastic, definitely would be my choice too right down to that Las Vegas-like Egyptian-themed pool.

Eric of AZ Feb 5th 2009 11:47AM

Yes, Deidre, that's the one. I am honored (really) that you responded to one of my posts.

Thanks again for including the link that takes you to all of the pictures in a single page.

Carol Feb 13th 2009 7:55PM

I agree that the price is steep for these times, but the kitchen, master bedroom, living room and indoor pool are just great. Fabulous setting, but for $30M how much does the sun shine in that part of Washington state? You can buy a lot of real estate for $30M. Good luck

Carol in CA