Seattle Madrona Waterfront Mansions

Glaser – Rose et al. Madrona Mansions

$5.0 Million For Sale, Betsy Terry, Ewing & Clark, “Wonderful waterfront parcel with 70 feet of private beach, dock, thoughtful plantings, and large lot. Home is ready for a remodel or build your own dream home. Seller has plans for a Suyama residence. Choice in-city Lake Washington beachfront property.” The property is owned by Rob Glaser who owns this and the two properties to the south (next paragraph). This property is part of his three lot estate with this lot currently being used as a side yard and play area for the kids. There is a children’s play house on the lot. The lot is 0.3 acres with 70 feet of waterfront.

The major Seattle fund raiser for President Obama and U.S. Senator Patty Murray on August 17, 2010, was at the new 7,300 and 5,240 sq ft mansions of Rob and Cori Glaser. 60 prominent Democratic donors attended the $10,000 per late luncheon. Rob, a former Microsoft mega-millionaire, started RealNetworks in 1995. He recently retired from his CEO position at the company. RealNetworks produces music, video and other software for PCs, smart phones, and portable music players. Some of its best known products are RealPlayer and RealRhapsody. The 5,240 sq ft mansion on the left (south) was built in 1980 and had a major renovation completed in 2008 when the new 7,300 sq ft mansion on the right (north) was completed. The two mansions and the side yard to the north are on 0.6 acres with 220 feet of waterfront. The side yard is listed for sale (see previous paragraph). More information on Glaser and the fundraiser is in a Seattle Mansions 9/27/10 post.

This mansion was purchased 2/15/2008 for $15.8 Million. The mansion is on page 23 of LW 130 Homes. This is our southern-most Seattle LW Map of the Stars^® mansion and is the home of Peter J. and Patricia Rose. Peter is the Chairman and CEO of Seattle based Expeditors International. The Puget Sound Business Journal named him “Executive of The Year” in 2004 and Barron’s named him one of the top thirty CEOs of 2008. Expeditors is one of the largest global logistics companies with over 250 worldwide locations. The mansion is 9,200 sq ft on 0.46 acres with 120 feet of waterfront. The original mansion was built in 1930 and extensively rebuilt in 2007.

Madrona Park marks the south end of Madrona. Next to the south is the Leschi neighborhood. Leschi has a nice marina with guest docking for two excellent waterfront restaurants, BluWater Bistro and Daniel’s Broiler. The BluWater is one of Bill Gates’ favorites. Further south are the two spans of the I-90 floating bridges. The vertical clearance for boats under the bridges is only about 30 feet. Taller ships can navigate under the East Channel I-90 Bridge, with about 70 feet vertical clearance, that connects Mercer Island to Bellevue.