Friday, May 20, 2011

Medina - Meydenbauer Bay West – Groat Point - Mansions

North to Southwest
The Medina-Bellevue border is at the northwest corner of Meydenbauer Bay
This mansion was listed for sale for $5.4 million in 2010, the price was lowered to $5.0 million in 2011 and sold for $4.2 million 5/25/11. It was purchased by David Treadwell III from Kenneth S. and Mary E. Greenbaum. The mansion was listed by Tere and David Foster, Windermere. “An awe-inspiring view of Mount Rainier is just one of the unique offerings of this rare, street-to-water property in Medina. Shy acre of grounds, expansive 160 feet of waterfront and gentle walk to water and beachfront. Existing structure offers 4800 square feet for renovation into a modern or contemporary estate. Or build new in this ideal setting on Meydenbauer Bay with an expansive dock. Conveniently located just minutes from the heart of downtown Bellevue. Enchantment at the Bay in Medina.”
Two separate waterfront properties were for sale for $5.0 million in 2011 and early 2012 and taken off the market in mid 2012. The properties were listed by Mansor Baghshomali, Skyline. “These are two separate waterfront homes street to water and tax parcels that sit side by side on Meydenbauer Bay. Each property has 50' of waterfront along with dock and boat house which they could be replaced with a huge dock for deep water moorage. Total square ft. is .548 acre. Also included in the package are all the topography, maps, surveys, geo-tech, civil engineering, architectural design as well as construction of 100 ft. new dock.” These properties are owned by Behzad Davadar and Hayedeh Sharifi.
This mansion has been listed for sale since 2011 for $8.9 million by Tere and David Foster, Windermere. “A brilliant vantage point draws in expansive views of city lights, the lake & Mount Rainier. A dramatic chandelier. Walls of glass. Luxurious finishes juxtaposed with casual spaces for the way we live today. Vast proportions with an airiness to each room. From when the sun rises to when the sun sets, your seats are center stage as the city comes to life. The pinnacle of waterfront living with 160 feet of waterfront, private dock with 2 places for a boat and 2 jet ski lifts, a guest house and garages for 6 cars. Private theatre, billiards room, master suite with private deck are just a few features of this refined estate.” The mansion is 7,140 sq ft on 0.6 acres with 160 ft of waterfront. Its listed ownership is confusing. Thomas A. Ellison, his sister (Debbie Ellison Bacon) and her husband (John Bacon) are on the records. It was (and may still be) Debbie’s and John’s home. Ellison, his father, Bill Ellison (the founder of the company), and Bacon were the principal owners of Bellevue-based Savers, Inc. The company is an international chain of thrift stores and operates under the name of Value Village in the PNW. In 2000 Bill Ellison and Bacon sold their interest to Boston based Berkshire Partners LLC for $45 million. John and Debbie Ellison Bacon established the multimillion dollar Bacon Family Foundation that supports local children and family organizations. The Bacons purchased Bruce McCaw’s former Groat Point Mansion (see next paragraph and Seattle Mansions 2/21/13 post).
Bruce McCaw sold, for $15.3 million, his Medina Groat Point estate in January 2011 (Seattle Mansions 2/13/11 post) to a trustee for John E. and Debbie Ellison Bacon (see previous paragraph). This was the highest priced sale of Lake Washington waterfront property in 2011. The property was listed for sale in 2009 for $34 million and dropped to $27 million in 2010. The listing agent was Terre Foster, Windermere – “The Grand Point of Medina. A landmark offered for the first time this century. Commanding 527 feet of some of the most coveted waterfront in the world, the Chateau takes its place among the great estates in the Northwest. Regal grounds split into expansive views.” The estate has 13,940 sq ft on 1.89 acres with 527 feet of waterfront, 6 bedrooms and 9 baths. This is considered one of Lake Washington’s premiere lots. The buildings were demolished in 2012 (Seattle Mansions 2/21/13 post).
Groat Point was subdivided into multiple lots in the mid 1900s. The property and mansion on the southwest corner of the Point is owned by J. Lennox Scott (page 89). Lennox is Chairman and CEO of John L. Scott Real Estate. The company was founded in 1931 by his grandfather and has become one of the largest and most successful regional real estate companies in the nation. The mansion is 7,190 sq ft on 0.6 acres with 155 ft of waterfront.
Costco Sr Ex VP and COO, Richard DiCerchio’s, mansion was listed for sale for $11.3 million in early 2011, lowered to $10.3 million later in the year and taken off the market in 2012. It was listed by Wendy Lister, CBBain. “High-impact views...collective architectural strategic design interactive with Olympic peaks, Seattle's painted spires, incomparable Mt. Rainier. A greatroom inspiration...the powerful command center...tremendous, sleek overscale cuisine bar; astonishing floor to ceil window hoisted by crane. Nana w all at waterside opens the brilliant fireside Nutron lit pool for fresh air moonlight/sunshine swims. Movies, sport bar. Alfresco kitchen/BBQ. Deep water dock. Influential, unequaled Groat Point!” The mansion has 9,000 sq ft on 0.65 acres with 118 feet of waterfront. More information is on the Seattle Mansions 2/15/11 post.
(Updated 2/22/13)

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