Once $40 Million, Mansion Sells For Deep Discount
Sheldon Good & Company has announced the results of a the sale of the Lytle Mansion on Mercer Island in Washington state. We first started watching this home in 2005 when it was listed at a whopping $40 million. The three-story mansion on two acres was put up for sealed bid auction this year. The property sold for $12 million, one of the highest prices for a single-family estate home in the Northwest in 2010. "Our home had been on the market for almost four years without any significant buying interest. Selling had become a dilemma and we realized we had to take a more proactive approach," said Charles Lytle, President of Lytle Enterprises and owner of the Mercer Island estate in a press release.
This home has some incredible details. The indoor saltwater pool has a cloud mural and Egyptian-style columns that have been specially treated to look aged. A Dale Chihuly chandelier spiraling twelve feet of crystal hangs over a marble floor in the entry. The house is full of inlaid stones, marble fireplaces and everything is done on a grand and ornate scale. It has four bedrooms but with nearly 23,000 sq. feet of space much of the space is devoted to waking pursuits. There are two wine cellars, an exercise room, massage and tanning room, music room, steam room, sunroom and a dining room with a gleaming gold leaf ceiling. The master suite has a raised platform bed, a marble fireplace and a bathroom where the tub is set on a pedestal and has a chandelier over it. Outside there is a saltwater pool and 175 feet of waterfront including a boat dock that can accommodate a 140 foot yacht. No word on who the lucky new owner is.
Gallery: The Lytle Mansion