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.