About Medina's Evergreen Point

Medina's sole waterfront home sale in February was a late 1960's home near the tip of Evergreen Point. The 3,180 square foot home is small for Medina's standards, but a fairly good-sized home in general with three bedrooms, three baths, and two floors. The majority of Medina waterfront homes are 4,000 square feet or larger.

The 118 feet of Lake Washington waterfront are the real value feature, with some of Medina's most-sought after properties near this location. The home had been on the market for around 1.5 years.

Originally listed for $4.38 million in August of 2010, the home was reduced to $3.68 million in March of 2011 and then relisted at $3.495 million with a new real estate broker in August of last year. The final sale price represents a 14% discount on the final list price, or a 32% reduction from the time it was originally listed.

Medina Waterfront Homes Sold, February 2012

3516 Evergreen Point Rd, Medina WA 98039

Two Medina waterfront homes sold in June, both topping the $3 million mark.

The first sale was on the Western side of Evergreen Point Rd, with Seattle city views. I had a chance to tour the home with clients, and at 4500 square feet, it's a sprawling home with walls and walkways of glass, allowing in plenty of sunlight in the afternoon and evening. The home had been on the market for almost a year, with a final selling price of $3 million, about 86% of its final list price.

The second sale was on the protected harbor side of Evergreen Point, on 32nd St. This Fairweather Bay home has over 6000 square feet of living space and a steel bulkhead with plenty of moorage. After around 3 years on the market, this home sold for 90% of its final list price, closing out at $3.575 million.

3640 Evergreen Point Rd, Medina WA - 3 beds, 2.5 baths, 4500 Sq Ft - $3,000,000

7944 NE 32nd St, Medina WA - 5 beds, 4.5 baths, 6070 Sq Ft - $3,575,000