Ellison (Value Village) from Stroum-Glazer

Sold 2012 $21.6 Million “Harmony” - Under Renovation

This landmark compound, “Harmony,” sold in 2012 for $21.6 million. This was the most expensive LW Map of the Stars® waterfront sale in 2012. It was listed at $26.9 million by Tere and David Foster, Windermere. From the listing: “Resting gently on 2.93 acres, Harmony commands an extraordinary 324 feet of Lake Washington waterfront and sets its vista on the Seattle skyline and Mount Rainier . . . Waves roll gently up on the beach as the sun shines down on two private docks. . . [nearly 20,000 square feet in 4 buildings]. . living wing plays host to the grotto, saline pool and exercise areas. Upstairs two guest suites each with their own bath and walk-in closets . . . private outdoor spa . . . A world like no other.” The listing was featured in a 3/20/11 Seattle Mansions Blog. The seller was Marsha Stroum Sloan Glazer. The buyer was Thomas Ellison, the principal owner of the Value-Village/Savers chain of stores.

This is considered, second to Paul Allen’s campus, the premier property on Mercer Island. The flat (“low bank" in Realtor terms) large combined parcel faces west on the “50 yard line” for Seafair. It is less than one mile from the I-90 West Mercer exit/entrance which puts the residents five minutes from downtown Seattle.

Permits were issued in February to demolish three homes (total 8,260 sq ft) on the compound. The main 11,300 sq ft mansion will remain. Plans for the replacement buildings have not been submitted.

Marsha and her family are respected Seattle area philanthropists. The Stroum name is on many prominent arts, medical, education and community buildings and halls in the Seattle area. Benaroya Hall, University of Washington, Fred Hutchison Cancer Research Center and the Stroum Jewish Community Center of Greater Seattle on Mercer Island are most notable. Marsha hosted many charity galas in her (this) former MI estate.
Ellison’s father, Bill Ellison, was the founder of Bellevue-based Savers, Inc. The company is an international chain of thrift stores and operates under the name of Value Village in the PNW. Thomas Ellison’s sister, Debbie, and her husband, John E. Bacon, purchased the legendary Groat Point mansion from Bruce McCaw in 2011 and demolished all the buildings including the 14,000 sq ft main mansion (2/21/13 Seattle Mansions Blog). Thomas Ellison and the Bacons own a mansion about a seventh of a mile to the northeast of Groat Point in Meydenbauer Bay that is for sale for $8.9 million (5/20/11 LW Cruising Blog).

Medina – Groat Point Demolition

 Looking West at Groat Point in 2010

The Groat Point Estate in 2011

The Groat Point Estate in late 2012

Bruce McCaw sold, for $15.3 million, his Medina Groat Point estate in January 2011 (Seattle Mansions 2/13/11 post) to a trustee for John E. and Debbie Ellison Bacon. This was the highest priced sale of Lake Washington waterfront property in 2011. The Bacon’s demolished the buildings in 2012 and are scheduled to submit plans for new buildings later this year.

The property was listed for sale in 2009 for $34 million and dropped to $27 million in 2010. The listing agent was Terre Foster, Windermere: “The Grand Point of Medina. A landmark offered for the first time this century. Commanding 527 feet of some of the most coveted waterfront in the world, the Chateau takes its place among the great estates in the Northwest. Regal grounds split into expansive views.” The estate had 13,940 sq ft on 1.89 acres with 527 feet of waterfront, 6 bedrooms and 9 baths.

This is considered one of Lake Washington’s premiere lots with spectacular 300° views that include downtown Bellevue, Mt. Rainier and the Olympics with the top of the Seattle skyline in the foreground. The location is minutes from downtown Bellevue.

Bruce is the oldest of four brothers who were the pioneers of cellular communications. He had been listed by Forbes as one of the wealthiest people in the world but has not been on its recent lists as a result of declining stock market values. He is now involved in large scale commercial real estate investments with his Pistol Creek Financial Co. He is also involved in auto racing as president of Bellevue-based PacWest Racing Group LLC and director of Michigan-based Championship Auto Racing Teams, Inc. Bruce and his wife, Jolene, moved into Craig McCaw’s Hunts Point Castle and hosted a fund raiser for Paul Ryan in 2012 (2/13/13 post).

John E. and Debbie Ellison Bacon established the multimillion dollar Bacon Family Foundation that supports local children and family organizations. John, Thomas Ellison and Ellison’s and Debbie’s father, Bill Ellison (the founder of the company), were the principal owners of Bellevue-based Savers, Inc. The company is an international chain of thrift stores and operates under the name of Value Village in the PNW. In 2000 Bill Ellison and Bacon sold their interest to Boston based Berkshire Partners LLC for $45 million. The Bacons and Thomas Ellison own a mansion about a seventh of a mile to the northeast in Meydenbauer Bay that is for sale for $8.9 million (post in LW Cruising).

More information about the prior mansion and Bruce McCaw is in Lake Washington 130 Homes on pages 88 and 106.