Hunts Point has always been at the pinnacle of waterfront real estate in the greater Seattle area. Hunts Point waterfront homes are commonly sold in the multi-million dollar range, with sales over $10 million not our of the ordinary. The sale of 3645 Hunts Point Rd in January was the highest-priced sale of the year for the region thus far, and may hold that title for some time.
The Bellisima, as it has been dubbed, is a Mediterranean home built in 2005. At close to 10,000 square feet, it's a very large home on a one acre lot. With 4 bedrooms, 5 baths, and a carriage house, the pure numbers aren't gaudy, but the home is a picture of luxury perfection.
Originally listed in January of 2011 for $14,100,000, the price was reduced to $12,900,000 in June of last year. The final selling price of $11,000,000 represented a 22% reduction from the original list price, or a 14% reduction from the final list price. This is not a surprise, as the very top of the luxury market is seeing some significant discounts on properties that have been marketed for over a year. While some sellers are content to sit out the market, those who are motivated to sell are making informed decisions on pricing based on current market conditions, and home buyers are benefitting.
Hunts Point Waterfront Real Estate: Sold, January 2012
MLS Listing: 3645 Hunts Point Rd, Hunts Point WA 98004 - $11,000,000 Sale Price
Tomorrow: Shared waterfront home sale in Sammamish
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