$11 Million Mercer Island Mansion For Sale - Burtenshaw

  This mansion was listed this week (April 2013) for $10.9 million by Wendy Lister and Kirsten Paulsen, CBBain: “A Vassos Demetriou Tour de Force. An unforgettable treasure of 178' of pristine waterfront on a coveted double lot with gated entry. A dramatic, yet elegant floor plan awaits you at this Contemporary Masterpiece that will impress the most sophisticated home aficionados. For the first time available on the market, this Custom home offers premium finish work & a symphony of entertaining spaces that embrace the beauty of the Pacific Northwest. All 5 bedrooms are en suite. Yachts are welcome.” Vassos Demetriou is a renowned Kirkland based architect. He was the architect for Charles and Karen Lytle’s new Hunts Point home (p 157 and LW Cruising Hunts Point Southeast – Cozy Cove – Mansions).

  This property is owned by Jerry D. and Angelina Burtenshaw. During the late 1950s and early 1960s Jerry learned the restaurant business from his father opening restaurants under a variety of names throughout the PNW. He later became in charge of Alpine-Burtco, an international catering and concessions company. The company is the concessionaire for Safeco Field (Mariners), the Tacoma Dome and the former Kingdome. Jerry and Angelina created the UW School of Medicine Jerry and Angelina Burtenshaw Scholarship to provide financial assistance to medical students. He received the Dean’s Distinguished Leadership Award from WSU, his alma mater, for leadership and financial contributions to the university. This new mansion was custom built with a top-of-the-line security system and is 9,790 sq ft on 0.9 acres with 178 feet of waterfront.
The mansion is 1/3 mile south of the Boulevard Pl Mansion (previous post).

Peter Edwards buys $40 Million Lytle Mansion for $10 or $12 Million

The former Lytle mansion on Mercer Island sold in the June 2010 auction. My previous blogs regarding the auction are below and dated 5/24/10 and 2/20/10. The 1st auction had a minimum bid of $15 million. Several bids were submitted but each was contingent on a sale of property and all these were rejected. The 2nd auction minimum bid was $12 million without contingencies. The buyer was James “Peter” Edwards, the founder and CEO of Video Only. The Edwards family is moving from the Lakemont area of Bellevue.

Peter founded Seattle area (Tukwila) based Video Only in 1982 and it has grown to 14 stores in WA, OR and CA. The company is privately held by Edwards and his family. We bought our last TV from them and highly recommend them.

The home was featured on KING 5's Evening Magazine on April 12, 2010.

Both houses are in my book (pages 46 and 157): http://www.hundredhomes.net/


More in formation is in previous 5/24/10 and 2/20/10 posts.

Lytle Mercer Island Mansion Auction Update

The Lytle mansion on Mercer Island is still up for auction. My blog regarding the previous auction is below and dated 2/20/10. That auction had a minimum bid of $15 million. Several bids were submitted but each was contingent on a sale of property and all these were rejected. The new minimum bid is $12 million without contingencies and the new deadline is June 30, 2010. The mansion is 22,800 sq ft on 2.0 acres with 150 feet of waterfront, 5 bedrooms, and 9 baths. It was built in 1977 and extensively remodeled and enlarged in 2000-01. It has an estimated $50 million replacement value. It was first listed for sale in 2004 for $40 million. The listing price was $35 million when I published my book, Lake Washington 130 Homes, in August 2009. Late last year the listing price was reduced to $23 million. My book also includes their new house in Hunts Point that was under construction at the time.

The home was featured on KING 5's Evening Magazine on April 12, 2010.

Both houses are in my book (pages 46 and 157): http://www.hundredhomes.net/

More in formation is in a previous 9/27/10 post and an update is a 5/24/10 post.

Lytle Mercer Island Mansion Auction

The Lytle mansion on Mercer Island is scheduled for auction in April 2010. The minimum bid is $15 million. The mansion is 22,800 sq ft on 2.0 acres with 150 feet of waterfront, 5 bedrooms, and 9 baths. It was built in 1977 and extensively remodeled and enlarged in 2000-01. It was first listed for sale in 2004 for $40 million. The listing price was $35 million when I published my book, Lake Washington 130 Homes, in August 2009. Late last year the listing price was reduced to $23 million. My book also includes their new house in Hunts Point that was under construction at the time.

The Mercer Island home to be auctioned features a large indoor pool area with marble columns that is reminiscent of Las Vegas’s Caesar’s Palace. The mansion includes two fish ponds, two wine cellars, three kitchens and a mirrored gym.

The auction web site is: www.sheldongood.com/mercerisland.php

The home was featured on KING 5's Evening Magazine on April 12, 2010.

 

Hunts Point Home - Picture From 2009 Under Construction

The new Hunts Point house is now complete and they are anxious to not have both houses. They are empty nesters and are downsizing from 22,800 sq ft to 10,600 sq ft. The new house must have small closets.

The Lytles, Charles and Karen, are the founders of Leisure Care, one of the largest developers and operators of retirement communities. Both houses are in my book (pages 46 and 157): http://www.hundredhomes.net/.

(Updates are in 9/27/10 and 5/24/10 posts.)