Semi-monthly news and updates about the homes, people, businesses and communities that are featured in Lake Washington 130 Homes. This covers the Lake Washington waterfront in Seattle’s Madison Park, Denny-Blaine and Madrona neighborhoods, Mercer Island, and The Eastside communities of Bellevue, Medina, Hunts Point and Yarrow Point.
(The above home belongs to Charles Simonyi. See 5/31/11 post.)

Wednesday, August 31, 2011

Mercer Island Mansion Auction

Mercer Island Boulevard Place Mansion

The Mercer Island Patch reported 8/30/11 the Boulevard Place mansion auction on this date failed to attract the minimum bid of $15.5 million. There were four qualified bidders attending the auction. This property was featured in a prior 10/21/10 post.

Last fall it was listed for sale at $28.8 million and was the most expensive King County MLS listing.  It is one-half mile north of Paul Allen’s compound and on page 59 in Lake Washington 130 Homes. The Puget Sound Business Journal published a 10/18/10 article about the property.

The living area is 13,636 sq ft with 7 bedrooms, 11.25 baths, theaters, multiple kitchens, wine cellars, and 8 washer-dryer rooms. There is additional covered non living areas and resort-style features including a 120” plasma TV rising from the edge of the pool.  Construction started in 2004 when David and Becky Sandwith purchased the lot for $5.4 million. The Patch reported they have a total of about $30 million invested in the property. David, his parents and siblings sold Kent based Mikron Industries, a manufacturer of high tech window components, for $205 million to Quanex Corporation in 2004.

1 comment:

  1. I would love to have just a fraction of this. I been looking at this property for quite some time now, sadly my checkbook is lacking a few zeros in it. Now that it's in auction doesn't change a thing to me.