One of Seattle’s most expensive homes has been relisted on the market with a $15 million price cut – illustrating how even the most lavish homes are not immune from the cooling housing market.
The five-bedroom mansion in Hunts Point, a town on the eastern shore of Lake Washington, went on the market in spring 2022 for $85 million, but was taken off after it did not sell.
This summer, the luxurious home which is owned by Telecoms magnate Bruce McCaw and was prior to that by saxophonist Kenny G, was relisted for $70 million.
With more than 300 feet of Lake Washington shore, space to land a seaplane and a 150-feet yacht and a swimming pool and tennis court on more than four acres of land, the sprawling estate is the second-most expensive listing on the market in Western Washington, according to the Seattle Times.
‘Even though this home is singular… a trophy property and very unique, it’s still part of the housing market,’ Windermere listing agent Anna Riley told the outlet. ‘We had good interest before, but we expect we will have better interest at this price now.’