Monday, December 20, 2010

Mercer Island Mansion Sells for $6.8 Million

This Faben Point Mansion sold in October for $6.8 million. Last year when my book was published it was listed for $8.8 million. The sellers were William K. and Mary E. Buckley. The buyer was Lars Karlsson Edenkrans, a prominent clothing industry CEO from Sweden.

From the previous Internet listing: “One of a kind. 110′ wft. Killer View West, on MI’s Faben Point with birds eye view of SeaFair. Commute to Seattle or Bellevue in 5 min or downtown MI in seconds. Approx 9000 Sqft of living in main house plus separate guest house. Designed for easy, relaxed living. Main level great room includes dual media perfect for upscale entertaining or Super Bowl parties. Included in sale enjoy the golf cart, 2 Supercharged SeaDoos and 25′ Cobalt . . . Just bring your Yacht! Truly designed for FUN!”

The photograph above (plus additional information on the home) is from page 53 in my book, Lake Washington 130 Homes. This is the house on the right (southern) of the three large mansions just north of the I-90 Bridge that can be seen from the bridge. It is the 3rd home from the left in the top picture in my 12/19/10 post immediately below.

2 comments:

  1. Yes, the new owner is Swedish and will be moving here sometime in the next few years. The Buckley family is living in the home currently which worked well for all concerned.
    This was the largest MI sale recorded in the NWMLS 2010.
    Kris Robbs
    Listing agent
    Ewing & Clark, MI

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  2. I can tell you that the buyer (Lars Karlsson) is a great guy. He just left my golf shop, in fact. Lars has worked with "Cheap Monday" jeans company for the past several years and sold the company to the H&M clothing store. I believe Lars will be moving to Seattle in the next 2-3 years or so.

    Regards,
    Steven

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