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Seattle area waterfront home sales, January 2010

Waterfront home sales in Seattle are typically slow in the winter, and January 2010 was no exception. Only a handful of homes sold last month on the water, but there were some significant properties that moved.


A small 3 bed/1 bath home on Maplewild Ave in Three Tree Point sold for just over $350k in January, a surprisingly low price compared to most of the multi-million dollar homes on the waterfront in Three Tree Point. Of course, this home is a walk-down access, meaning no driveway or garage. It's not your typical home, but if you didn't mind hoofing it down the trail to the home, you'd be buying some of the least-expensive waterfront on the Sound. This home was on the market for a few years--it really needed a unique buyer.

On Lake Washington, a new construction home in Renton's Kennydale neighborhood sold for just over $2 million. This home, part of the Barbee Mill development, was a 3 bed/3.5 bath, 3500 sq ft home. The home was listed for around 7 months, which is still a fairly short marketing time for a waterfront home in this price range. Many times multi-million dollar waterfront homes take a year or longer to sell, as the market of potential buyers is limited.

The largest sale on the waterfront in January was in Bellevue on Lake Sammamish.  The 5 bed, 7.5 bath home has almost 12,000 sq ft of living space and may be the largest home on the lake. I had a chance to visit it this fall, and it's a truly stunning home, with entire walls that open up to the lake. The sale closed at a bit over $5.5 million, after having been on the market around 14 months.

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.

  • February 28 2010 - West Lake Sammamish
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