Hunts Point, WA

Waterfront Home of the Day: 
4224 Hunts Point Rd, Hunts Point WA 98004
Sold:  $5,500,000 on 07/13/2010
4 beds, 3.5 baths, 4,030 sq ft

Waterfront Home of the Day: 4014 Hunts Point Rd, Hunts Point WA 98004

Sold: $7,950,000 on 03/05/2010
4 beds 4 baths, 4,710 sq ft

4344 Hunts Point Rd, Hunts Point WA
Sold: $11,280,000 03/16/2010
5 beds, 6.25 baths, 8,300 square feet

Two pieces of waterfront real estate were sold in Hunts Point and Yarrow point last month. These two points, and Evergreen Point in Medina, capture some of the highest real estate sales in the greater Bellevue and Seattle markets.

The Hunts Point property is nearly an acre of land on the 4300 block of Hunts Point Rd. The East-facing property looks out on Cozy Cove, with 100 feet of lake frontage. It's basically a building lot, with the primary home already removed and just a small remaining pool house. The property sold for $5.4 million, a good barometer for someone looking into a prime waterfront lot near the tip of the points.

On the opposite side of the cove, a West-facing Yarrow Point home sold for just under $5.7 million. This was a large, 2008-built home with a luxury beach house style. While the lot is just 1/3 of an acre, the home has 82 feet of waterfront, a healthy shoreline. Yarrow Point has about twice as many residences as Hunts Point, and its homes prices are significantly less, albeit still near the top end of the market.

Hunts Point and Yarrow Point Waterfront Real Estate Sales, Sept 2010

4324 Hunts Point Rd Hunts Point $5,400,000
8907 NE 36th St Yarrow Point $5,689,000 4 beds 3 baths 5,600

Seattle Waterfront Real Estate Sales

Waterfront Home Sales on the Eastside, May 2010 (Lake Washington and Lake Sammamish waterfront)

Sales of waterfront homes on the Eastside in May showed large gains vs. last year and improved slighly compared to April. Eastside waterfront continues its resurgence as the housing market settles and buyers re-emerge in the luxury housing category.

There were 8 Eastside waterfront homes sold in May on Lake Washington and Lake Sammamish. After a strong April of 7 sales, the pace seems to be moving right along for a big year. One year ago in May there were just 3 such sales on the lakefront.

Year-to-date, 23 homes on the Eastside have been sold on Lk Wa and Lk Samm. That's 77% increase and a stark contrast to 2009, when only 13 homes had been sold at this point in the year. The median sale during this period last year was $1.7 million, and that number rose to $2.1 million in 2010.

This trend matches Seattle waterfront real estate sales, with total closed sales nearly twice last year's and substantial increases in final sale prices. This doesn't mean that prices are rising, however. There were just very few buyers in the luxury market last year, and the median was skewed downward by the lack of high-end luxury home sales. Most waterfront and luxury homes have lost some value over the past year, but there are far more buyers willing to spend $2 million for a waterfront home this year.

Lake Washington and Lake Sammamish Waterfront Home Sales on the Eastside, May 2010

Address City Price Beds Baths Sq Ft
11837 Holmes Point Dr NE Kirkland $975,000 2 1.75 1,950
2454 W Lk Samm Pkwy NE Redmond $1,407,000 4 3 3,468
1614 W Lk Samm Pkwy NE Bellevue $1,435,000 3 2.25 3,020
5143 Ripley Lane N Renton $1,595,000 4 2.5 3,980
447 E Lk Samm Pkwy SE Samm. $1,950,000 4 3.25 4,130
1219 96th Ave SE Bellevue $1,985,000 3 1.5 3,030
1098 W Lk Samm Pkwy NE Bellevue $2,100,000 4 4 4,410
696 W Lk Samm Pkwy NE Bellevue $2,675,000 5 4.25 5,500

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Sam DeBord is a Realtor and real estate broker with SeattleHome.com, a division of Washington State Realty, LLC. He is a member of the Seattle-King County Association of Realtors and a Green-Certified Pro. Source: Individually compiled NWMLS statistics. The NWMLS did not compile or publish this information.

Have a question about this waterfront home, or Seattle real estate in general?
Sam can be contacted at (206) 658-3225 or Sam(at)SeattleHome.com.