Madison Park Waterfront Mansions

Schultz, Reed, Diamond, Alvord et al.

The 23 story Washington Park Tower is our landmark. The building has 53 condominiums and was built in 1969. This is the highest residential building on Lake Washington. It is very unlikely any more lake-front buildings close to this height will be built in the future because of zoning regulations. The residents enjoy incredible views. The three upper floors have two 2,200 sq ft, two bedroom units on each floor. The estimated value of each of these units is $2.2 million.

This mansion was featured in a Seattle Mansions 4/19/10 post. The listing price was $12.8 million. The home was purchased by Frederick Beau Gould and Julie Pigott Gould. Frederick is a Seattle attorney. Julie is active in numerous local charities with other members of the Pigott families. The former owners, Jack and Carol Briggs, were also active in charities and the home was featured as a wonderful site for many fund raisers. The home has a pool, two kitchens and three fireplaces. From the Ewing & Clark listing: “The home is wonderful for entertaining inside and outside. Inside there are large entertainment rooms with French craftsmen detailing. The outside features the pool, beautiful, well-maintained landscaping, sculptures and fountains.” The mansion has 7,470 sq ft of living space on 0.7 acres with 135 feet of waterfront.

This is the mansion of Howard D. and Sheri Schultz. Howard, his $21.7 million 2010 pay-package and the mansion were featured in a 11/3/11 Seattle Mansions post. Howard is the Founder, Chairman, President and CEO of Starbucks. The first Starbucks roasted and sold coffee beans and opened its first store in 1971. In 1985 Howard founded a new coffee and espresso company which, in 1987, acquired the original Starbucks’ assets and its name. Starbucks now has more than 15,000 stores throughout the world with $10 billion in annual sales. Howard was the lead investor of a group that purchased the Seattle SuperSonics of the NBA from Barry Ackerley in 2001 (4/15/12 Seattle Mansions post). Howard’s group sold the team to Oklahoma City in 2008. The mansion and the one in the previous paragraph are in an exclusive gated community of nine homes that are on the property of the Reed Estate. (More information on the Reed Estate and Gary Reed is in the next paragraph.) Howard drives through the Estate’s gate and then another gate to his property. His mansion and property, with 16,880 sq ft on 1.8 acres with 248 ft of waterfront, are the largest in the Estate's community.

William G. “Gary” Jr. and Victoria Reed moved from their Medina home (LW 130 Homes page 100) in 2009 to this mansion. The Reeds and their mansions were featured in two 10/1/10 Seattle Mansions posts. This first post features his former Medina mansion that he sold for $22 million and the second post features this mansion. The new mansion has 7,700 sq ft on 0.7 acres with 60 feet of waterfront. The 8 acre Reed Estate where Howard Schultz lives (see previous paragraph) is where Gary grew up. It was established in the early 1900s by his grandfather, Mark Edward Reed. It was that era’s version of the current Gates and Allen estates. It was subdivided in the 1940s into a private gated community of nine homes. The Seattle Times labeled Gary “the most powerful Seattle business leader you’ve likely never heard of.” He is or has been on the Boards of Microsoft, Paccar, Safeco, The Seattle Times Company and Washington Mutual. Mark Edward Reed who joined Simpson Logging in 1897 was named president after the company’s founder, Sol Simpson, died in 1906. The Reed family bought out the Simpson family and the company is now one of the largest private, family owned companies in the state. It is now Tacoma-based Simpson Investment Company. Gary served as Chairman from 1971 to 1996. Gary’s nephew, Colin Moseley, who lives in the neighboring Reed Estate, is now Chairman and the fourth generation of Reed/Moseley family management.

$6.7 Million Sale 10/16/10. The mansion was listed for $7.9 million by Wendy Lister, CBBain. From the listing: “Beverly Hills glamour at waters edge. A curving wall of glass captures the constant change of reflections of water and sky ~ every turn an adventure of extravagance used with great restraint. Exquisite details with powerful moments of drama. Lavish master suite ~ his and her salons. French doors in the guest house cabana open to the black bottom free form pool. Significant entree for strong art collectors. 120' frontage. Brilliant azure lake hues...Bellevue city skyscape...Cascade mountains.” The sellers (the home was custom built for the family) were Joel and Julie Diamond. Joel is Chairman and CEO of Diamond Parking and is the son of Josef Diamond who was known in Seattle as the father of self-serve parking lots. Diamond Parking, founded in 1922 by the Diamond family, is the world’s oldest parking company and operates over 1,000 locations throughout the western United States. The purchasers were Ellsworth C. and Eve Alvord. Ellsworth is with Morgan Stanley Dean Witter in their Seattle office. The Seattle Center Eve Alvord Theater is named after her. The Alvord family members are well known Seattle area philanthropists. The mansion is on page 23 and is 6,420 sq ft on 0.4 acres with 120 feet of waterfront. Ellsworth and Eve Alvord also own the mansion on LW 130 Homes page 26 that is about 0.2 miles south of here and three properties south of The Seattle Tennis Club.

The Seattle Tennis Club is just south of Madison Park in Denny-Blaine. The Seattle Tennis Club was founded a few blocks north of its present site as the Olympic Tennis Club in 1890. The name was changed to Seattle Tennis Club in 1896 and it moved to its current site in 1919. An $11.5 million renovation was completed in 1999. The club sits on 8 acres and offers its 3,000-plus members 19 tennis courts (including 6 indoor hard and 3 outdoor clay courts), a fitness center, squash courts, locker rooms, several dining rooms, banquet facilities, pool, beach, boathouse and pro shop. The club is popular for society wedding receptions. A non-equity membership is about $20,000 and monthly dues are about $250 plus a $100 per month dining minimum. There is a waiting list for memberships. Many members are the fourth generation of family members. This is the most expensive and prestigious tennis club in the PNW.

The tour of Seattle’s Emerald Coast waterfront mansions continues with north Denny-Blaine, south Denny-Blaine and Madrona posts.

Richard Ferry Home For Sale

Mercer Island - $6.9 Million For Sale

This is the mansion of Richard Ferry, retired Founder Chairman of Korn/Ferry International. Korn/Ferry is the largest and regarded as one of the most prestigious international executive search firms. Mr. Ferry co-founded Korn/Ferry with Lester Korn in 1969. Mr. Ferry retired in 2001 and moved from Los Angeles to Mercer Island because of his love for the Pacific Northwest. He purchased this lot and its old home for $1.6 million in 1999 and built this mansion in 2003.

The home is listed by Wendy and Kathryn Lister, CBBain. From the Listing: “The power of beauty! . . . Full, delightful connected coach house. Extraordinary 1397sf covered boathouse area . . .  Pillars rise up; dark beams lend authority . . . The stunning stone kitchen . . . Four substantial en suite bedrooms including the Master Suite with his and hers salon baths. . . . Downstairs, a mélange of living and fun. . . 500 bottle wine cellar; 2 kitchenettes  . . . The grounds anchor the home . . . simply magnificent.” The estate has the 8,400 sq ft mansion on 0.62 acres with 95 feet of waterfront, 5 bedrooms and 6.25 baths.

This home is on page 70 in LW 130 Homes.

Medina Evergreen Point - Mansions

South to Northeast

This property is listed by Kathy Beckes, CB Danforth: “Estate Property. West Facing 232' Low Bank Medina Waterfront. 1.4 Acres. Spectacular views of Seattle Skyline, Olympic Mountains, University of Washington and beyond. Total Privacy, Expansive yard and 100' dock for multiple boats. Largest West facing Medina waterfront property available in years. Rarely does a property of this magnitude come on the market. Complete set of plans for a 13,000 sq. ft. home included in sale. Engineering/landscape design complete. Gold Coast Medina Estate Property.” The property is owned by KEH LLC. The agent for the LLC is John Tomlinson, an attorney, and the members of the LLC are Jacob and Inger Deutsch.

The Seattle Times and Puget Sound Business Journal had numerous 2012 articles about Michael and Linda Mastro’s flee from justice and their capture in October. The saga was one of the top stories of 2012. The Mastro’s were captured in France after 16 months on the lam. Their former mansion sold 12/6/10 for $9.1 million by the bankruptcy court. There are a series of attorneys listed as the buyers: Robert Bruce Johnston, LCY LLC Series Homes, and James F. Rigby Jr. that were used to sign the documents to keep the real buyers’ identity off the official records. Mastro paid $15 million for the mansion in 2006. The Mastro bankruptcy, with original debts of $570 million, is the largest in Washington state’s history. Many “family and friends” lost their fortunes when his commercial real estate investment funds failed. More information about Mastro and his former Medina Mansion is in Seattle Mansions posts: 1/3/13 In and Out of French jail, 2/26/12 Auction of Pieces, 4/6/11 Mastro Injured, 11/10/10 Sale of Mansion, 10/11/10 Listing of Mansion and 11/12/09 The Bankruptcy and Mansion. The 2010 listing was by Lisa Whittaker, Coldwell Banker Bain. The mansion is 7,050 sq ft on 1.1 acres with 176 feet of waterfront.

Christopher P. and Patricia Liddell sold their Medina mansion 3/21/11 for $4.5 million to Chandan Chauhan. Christopher had been CFO for Microsoft and GM. Chandan is a co-founder and Sr VP for Bellevue based Intelius. See 3/12/11 Seattle Mansions post and 5/20/11 Seattle Mansions post for more information on Liddell and Chandan. The Liddells purchased the mansion in 2005 for $7 million. The home was listed for sale at $8.8 million in 2009. At the time of the sale it was listed by Tere Foster, Windermere: “Waterside Reflections on Lake Washington. Waves roll gently up on the beach as the sunset dances across pavilions of glass. A magical dreamscape lays claim to 174 feet of waterfront w/ two docks. Views of LK WA, the UW Stadium, Seattle & Olympic Mts. The level waterside presents lush native plantings & pond. Gracious open living offers a sunny breakfast nook, view dining rm & intimate living area. An exceptional one-of-a-kind masterpiece w/ nature at your doorstep.” The estate has 7,365 sq ft on 0.63 acres.

This home is listed for $7.0 million. From the listing by Wendy and Kathryn Lister, CBBain: “1926...original specifications as stunning today as then. Rich cherry, moldings, terra cotta, shuttered windows, coved ceils. More, more! Fascinating analytic dyed cabinets, boxed ceil, 3 stoves, radar range, stainless backsplash, black granite...where? 5 star kitchen...in dress up clothes. 'Miles' of hardwoods. Library shelves. Tiers of gardens. Geranium greenhouse. Hand blown window. The dock? Can accommodate 124'. 45' moorage, 3 lifts. Old-fashioned street lamps. Dance studio, movies, wine.” The home is 4,990 sq ft on 0.5 acres with 75 feet of waterfront. It is owned by Bruce D. Milne. He is the Founder and CEO of Bothell-based Corum Group. From the firm’s website: “He has overseen more M&A transactions than anyone in the world over the past 22 years.”

This mansion is listed for $10 million. From the listing by Tere and David Foster, Windermere “Clean lines frame sweeping views of Lake Washington from this modern residence in Medina. Awash in sleek finishes and refined details, this home makes a dramatic statement. Sited on 80 feet of waterfront, the setting provides year-round entertainment, with outdoor living rooms, a sport court, and lush landscape. Floor-to-ceiling windows and dramatic chandeliers set the stage. Caesarstone counters with clean lines and glass tile meet extreme functionality in the kitchen. Spend weekends working out in the swim spa followed by relaxation in the sauna. Game nights in the rec room, complete with a large projection screen and full kitchen. Not a room is missing from this over 9,000 square foot house [on 0.5 acres]. An absolute modern masterpiece on one of the most desired streets in Medina.” It is owned by PFHC Holdings LLC whose managers are Paul and David Pong. The Bellevue-based Pong family of LLCs has developed hotel properties in the greater Seattle area.

This mansion was listed for $7.2 million in 2010, $6.9 million in 2011 and $6.8 million in 2012. From the listing by Tere and David Foster, Windermere “The Manor at Fairweather Bay, presides over a protected position on the lake. The estate is a marriage of old world elegance and a modern sensibility. The grounds play host to expansive emerald lawns and private dock. A palette of colors and unrivaled attention to detail: rich millwork, stones, and European arches. Generous entertaining spaces: intimate formal rooms, media & game rooms, and outdoor living area. Guest house, garages for 6 cars & a spa are some of the luxuries at this fine estate.” The mansion is 6,040 sq ft on 0.6 acres with 60 feet of waterfront. It is owned by Jon A. and Laura Wood.

This mansion is listed for sale at $9.8 million. It was previously listed for sale for $9.9 million in 2009, for $8.5 million in 2010 and sold for $7.3 million 4/11/11. It previously sold for $11 million in 2006 to Joachim Hertel. David M Dryer is the current owner. The home is listed by Anna Riley, Windermere: “Grace and grandeur on the lake. This treasured waterfront oasis on exquisite street to water grounds has just been beautifully renovated with the luxury finishes and breath taking style. 100 ft of cherished waterfront w deep moorage. A true gas lamp gated arrival signals beautiful details including a slate roof, Italian plaster, statements of stone and unending master craftsmanship. A rare estate for today's active lifestyle celebrating the ultimate NW dream lifestyle. Private guest house.” The mansion is 7,560 sq ft on 1.0 acre with 100 feet of waterfront.

Page Numbers refer to Lake Washington 130 Homes.

The tour of Lake Washington Map of the Stars^® Mansions continues with Hunts Point West – Fairweather Bay - Mansions.

Hunts Point Southeast – Cozy Cove – Mansions

North to South

Steve and Connie Ballmer purchased this estate in 1987 for $1.3 million and extensively renovated the buildings, but maintained their charm, in 1991. Steve joined Microsoft in 1980 for a percentage of the company, a $50,000 annual salary and stock options. He was Microsoft’s 24th employee and first manager other than Gates and Allen. Steve is the current CEO and a multi-billionaire. The mansion and property has a $10 million estimated value. The main house is 4,175 sq ft and the property is 2.09 acres with 160 feet of waterfront. It is adjacent to the south of Craig McCaw’s (formerly Kenny G’s) mansion. Compared to the other 30 present and past Microsoft executives’ homes in my book, Ballmer has a relatively modest estate. It is on page 155. Ballmer and this mansion were in 11/17/10 and 5/23/12 Seattle Mansions posts.

This mansion is a 2012 listing for $10.8. From the listing by Anna Riley, Windermere “Welcome to Aotearoa, a modern luxury estate on cherished Hunts Point. Custom designed architecture with refined elegance. A stylish residence offering a light and open floor plan for a contemporary lifestyle. Featuring NanaWalls for inside-outside living, a grand rotunda where spacious rooms effortlessly unfold and state-of-theart technology. Sun drenched, beautiful grounds. This expansive street-to-water property offers a picturesque canvas to play, relax, entertain, or watch the eagles soar.” The mansion is 6,130 sq ft on 1.1 acres with 87 feet of waterfront. It is owned by Garth MacLeod. He is the former Finance Director of Bellevue based InfoSpace. He was featured on KING 5 news in 2011 for his live video feed of an eagle nest on the property. This property is two south of Steve Ballmer’s home on page 155.

This home plus the adjacent lot to the south is listed for $13.8 million. From the listing by Wendy Lister, CBBain: “Happy Birthday ~ 100 years of legacy sited on 2.11ac. A century of tales ~ the capacity for a new lifetime of legends. Two overscale Hunts Point lots side by side. 1 home or 2? Our centenary lady has well served 3 tiers of owners; and graciously would defer to a new-beginning or salute this tremendous land and a 21st 'moderne'. Secret paths for shaded blissful forested strolls. 156' sunlit Lake Washington shores; sweet dock moorage. Grand old-growth grounds. Closed eyes, dreaming of yesterday.” The home, built in 1912, is 5,740 sq ft. It is owned by Frederick J. Kimball. The Kimball family, with Frederick J.’s mother and father, Alice (1919-2012) and Frederick Wright Kimball (1918-2011), as the matriarch and patriarch, has been prominent in Hunts Point for many years.

This home is listed for $6.3 million by Steve Otto, Keller Williams: “This elegant home built in 1988 and extensively renovated in the last 3 years. Perfect f or entertaining and enjoying the Lake Washington waterfront. From the inviting entry way to the warm, cherry paneled wet bar and den this is Northwest living at its finest. The home features a media room, slate terrace off the master, gardening room with heated floor, swimming pool with automatic cover and a gentle sloping lawn down to the 2 berth dock. The finishes are excellent and the grounds immaculate.” The home is 5,510 sq ft on 1.1 acres with 77 feet of waterfront. It is owned by Serenity Enterprises LLC whose manager is Joyce Schweickert of Hunts Point. She is the Founder and CEO of Seattle Pacific Investments, aka Fresh Produce Company.

Charles S. and Karen Lytle purchased this lot and its previous house for $7.3 million 8/21/2006 and replaced that house. The new mansion is on page 157 and is 10,610 sq ft on 2.12 acres with 155 feet of waterfront. It has many features and a similar look of their larger Mercer Island 23,000 sq ft mansion that was sold in 2010 for $12 million. That mansion, page 46, was featured in 9/27/10, 5/24/10, 2/20/10 Seattle Mansions posts. The Lytles are the founders of Leisure Care, one of the largest developers and operators of retirement communities.

This home sold for $3.9 million 6/13/12. It was listed for $5.2 million in 2010 by Wendy Lister, CBBain: “Exceptional 2001 custom, 2-story waterfront. Breathtaking views. 75+ taxable feet plus 273' meandering line on canal. Shingled exterior, gambrel roof, wrap-around porch evocative of Eastern seaboard homes from Rhode Island to Maine. A private lane; park-like setting; sweeping lawn and dock. Open ~ ideal for grand scale entertaining; maximized views. Hardwood entry; stone fireplace; living and dining areas open to porch. Kitchen: European fireplace; top-notch appliances. Terrific master suite.” The home is 4,020 sq ft on 0.6 acres. It was purchased by Jejurikar Sanjay (former Microsoft engineer and executive) from Dana A. Green (former Boeing and Microsoft executive and currently a consultant with Boston-based Stewart Strategies Group LLC).

This vacant property sold 8/19/11 for $3.6 million. It, including a 10,250 sq ft mansion to be constructed, was listed for $12.5 by John L Scott: “In life, occasionally an incredible opportunity presents itself. Acquire 450 feet of Hunts Point waterfront acreage [4.5 acres] perfectly situated in the most private, secluded, natural setting with a long water view and deep water moorage. An estate, a lifestyle, a piece of heaven all your own in a setting that will spoil your senses for anything less. A new benchmark in a lifelong search for the perfect parcel of land. Build your dream home or simply enjoy this pre-sale opportunity as presented today.” The property is adjacent (west of) to the 16 acre Wetherill Nature Preserve and was sold by West Sprague Avenue Holdings LLC (Washington Trust Bank) to Hunt Point Cozy Cove LLC. The principals of the latter LLC are Tony Ataee plus other Ataee family members. Tony is the Founder of Kent-based Crown Pacific Fine Foods.

(Updated 7/23/12)