Waterfront Quarterly Report

The highest sale of the first quarter on the Eastside was a 5881 sq. ft., 2003 MacPherson-built Yarrow Point home on 100 ft. of private waterfront with unobstructed views of the lake and mountain/city skylines beyond at $6,145,000 (listed for $6,495,000). The lowest private waterfront sale was a $1,650,000 (listed at $1,784,000) South Bellevue home along Hazelwood Lane with 42’ of waterfront. Built in 1991, this home had 2856 sq. ft. and gorgeous views.

The Eastside's private waterfront consists of homes sited along Lake Washington from just north of St. Edwards State Park to Newcastle Beach Park; encompassing the cities of Kenmore, Kirkland, Bellevue, Medina, Newcastle and Renton.

 

Lake Sammamish continues to struggle with a lack of available waterfront homes for sale. The highest sale on the lake in Q1 was a rare, shy acre 4220 sq. ft. home built in 1987 with 130′ of waterfront—originally listed at $4.2 million and sold for $3.3 million. The lowest sale was of a tiny 1947 built cabin on a 15 foot sliver of water for $660,000 (listed at $674,950) just East of Weowna Beach Park.

Lake Sammamish is the sixth largest lake in the state of Washington, located 8 miles east of Seattle and just north of the I-90 corridor.

 

Mercer Island's highest private waterfront sale was a 2006 built, 5500 sq. ft. waterfront estate sited on a shy 1/3 acre at water’s edge—with 65 feet of east-facing waterfront. At $5.45 million (listed at $6,180,000) this sale set a new bar on the East side of the Island, contending with a dominant West side when it comes to record high sale prices. The lowest Island sale was an 1890 sq. ft. home built in 1973 and sighted on 60 feet of Southeast-facing waterfront for $1,735,000 (listed at $1.95 million).

Mercer Island's private waterfront homes are situated along the shores of Lake Washington around the perimeter of the Island. While it’s an island, Mercer Island is connected to Seattle and Bellevue via Interstate 90.

 

Seattle's highest private waterfront sale was a 4752 sq. ft. home built in 2010 sited along Ballard’s Seaview Lane with 51 feet of waterfront. Listed at $2,975,000 and sold for $2,945,000. The lowest sale was an AS-IS 1926 cabin located on 29 feet of Beach Drive waterfront in West Seattle sold at list price for $658,000.

Seattle's waterfront homes are sited on either west shore of Lake Washington to the east or Puget Sound (saltwater) to the west.

 

Click the images below to see the full report for each area.

Mercer Island

Seattle

Lake Sammamish

Eastside

© Copyright 2012-2015, Windermere Real Estate/Mercer Island. Statistics provided by the Northwest Multiple Listing service and deemed accurate but not guaranteed. For questions or comments, email Julie Barrows at julie@windermere.com.