This sale sets a new benchmark for the southern portion of Lake Washington
Lake Washington masterpiece estate designed by McClellan Tellone Architects has sold for $8,650,000 — $2.15 million over asking — by Nate Short, a real estate broker affiliated with the Bellevue office of Coldwell Banker Bain. Closing at a record-breaking $2,143 per square foot, this property sale set a new benchmark for the entire southern portion of Lake Washington. In addition, the sale achieved the highest percentage over the list price ever recorded for newer construction on the lake, closing at 133% of the listed amount. After receiving six offers, five of which were cash, the winning offer escalated significantly beyond the property’s initial escalation cap.
“This sale was truly exceptional due to the absence of comparable sales to guide the initial pricing, which was influenced by a unique combination of the home’s prime location, superior construction quality and challenges related to limited parking and traffic congestion impacting access,” said Short. “The success of this sale came down to a strategic approach centered on meticulous preparation, standout presentation, targeted promotion, an exceptional pricing strategy and skilled negotiation. My experience was key to securing an outstanding outcome for the seller."
The property is located at 4839 Lakehurst Lane SE in Bellevue, Wash., and is approximately 4,035 square feet with four bedrooms and four bathrooms.
Known for their innovative approach and signature style, McCullough Tellone Architects crafted this residence to embrace a minimalist aesthetic while maximizing the captivating lakefront views. Expansive moving glass wall systems integrate indoor and outdoor spaces, allowing for a seamless transition from the luxurious interiors to the breathtaking waterfront. The residence offers spacious living with a sense of harmony and sophistication. Natural oak accents, high ceilings and a curated palette of natural materials imbue the space with warmth and elegance. A private lakefront oasis, the impressive exterior features meticulously landscaped gardens, a private dock and expansive outdoor entertaining areas.
Coldwell Banker Bain in Washington, a leading residential real estate brokerage company, operates 19 offices with approximately 731 independent brokers throughout Washington. It is part of Coldwell Banker Bain operating throughout Oregon and Washington. Coldwell Banker Bain is owned by a subsidiary of Anywhere Real Estate Inc. (NYSE:HOUS), the largest full-service residential real estate services company in the United States. For more information, visit ColdwellBankerHomes.com.
Photo by Tim Van Asselt.