Thursday, April 22, 2010

Ragen Seattle Mansion Sells for $9.6 Million

This estate in the Denny-Blaine neighborhood of Seattle (page 30 in Lake Washington 130 Homes, http://www.hundredhomes.net/) sold for $9.6 million in December 2009. This is one of Seattle’s fine old waterfront mansions that has not been torn down for a modern home. The home buyer is listed as Janis Cunningham, a partner with the Perkins Cole law firm. She may be acting as a trustee for an anonymous buyer. The former owner and seller was Brooks Ragen.  He co-founded Seattle-based Ragen Mackenzie Group, a full service brokerage firm.  The firm grew to 300 employees with offices in Washington, California, Oregon and Alaska managing over $11 billion in assets when it was acquired by Wells Fargo in 2000.  Nearly simultaneously Brooks left the firm and co-founded McAdams Wright Ragen in Seattle and the firm is now one of the region’s largest brokerage firms. The estate has 4,020 sq ft of living space on 0.6 acres with 153 feet of waterfront.

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