The most expensive home sales over the last 12 months occurred in the usual places — Medina, Mercer Island and Hunts Point.
Then there’s Thorp, in Kittitas County, where the ranch of the late restauranteur Stuart Anderson of the Black Angus chain sold for $21.6 million. It was the third-highest sale between Sept. 1, 2022, and Aug. 31 this year.
Windermere Real Estate provided the list of the top 10 sales with the addresses and prices, and the Business Journal combed through public records and online data to determine who the buyers and sellers were.
High interest rates have negatively impacted all market segments, but the luxury market is the least impacted because a smaller percentage of buyers use financing, says Anna Riley of Windermere Real Estate, who co-listed this year’s most expensive property with Denise Niles.
Keep scrolling for more on each property.
No. 1 on the list is a 15,500-square-foot waterfront estate in Medina, which sold for $38 million. It has a tram to the water, five bedrooms, seven bathrooms, movie theater, swimming pool with spa and an eight-car subterranean garage.
Medina Vineyard Trust sold the 1.5-acre property to Elcycer Syap LLC, according to public records, which also show Dan Guimont, owner of Mill Creek-based DTG Recycle, bought the mansion. Becky Gray of Realogics Sotheby’s International Realty was the buyer’s representative.
At $24.375 million, the Lakehouse on Mercer Island, seen in the featured photo above, was this year’s second-highest sale and the highest ever on the island listed in the Northwest Multiple Listing Service, according to Tere Foster, who marketed it with Team Foster at Compass colleague Moya Skillman for $26.88 million. The seller was an LLC named for the address, and the buyer, represented by Evan H. Wyman of Compass, was a trust named for the property.
The third-most-expensive property, Springwood Ranch, is the former ranch of the late restaurateur Stuart Anderson, who started the Black Angus Steakhouse chain.
The Trust for Public Lands purchased the property, located near Thorp in Kittitas County, for $21.6 million in the spring partly as a land conservation play. TPL is a collaborator in a large-scale effort called the Yakima Basin Integrated Plan. The plan’s goals include continued farming, protecting and conserving some cultural sites for the Yakama Nation, and fish and wildlife habitat.
The 3,600-acre property, which runs for 6 miles along the Yakima River, was on the market for over four years, said Rory Savage, the Windermere broker who represented the seller, Springwood Ranch Corp., whose officers are members of the Lin Family.
Kittitas County received a $14 million state Recreation and Conservation Office grant to help fund the purchase.
The fourth-most-expensive home is on the tip of the Medina peninsula and was on the market for only one day before selling for $20 million, or $1.5 million more than the list price. It was the first time the 1972-built house sold.
Windermere’s Riley and Niles were the listing brokers of the house that was designed by the late Hal Levitt, a Beverly Hills architect to the stars.
The house sits on a third of an acre has 115 feet of shoreline and features 18-foot, floor-to-ceiling windows.
The buyer’s identity is shielded behind a limited liability company; the company’s governors are not listed in public records. Bellevue attorney Mark S. Leen of Inslee Best is listed as the registered agent of the company, Fairpoint.
Riley also represented the buyer.
Ron Royce is listed in public records as the buyer of the fifth-most-expensive home, a 9,110 square-foot waterfront home built in 2020 in Medina. It sold for nearly $16.52 million.
According to an online listing, the five-bedroom house has two-story walls of windows, a sauna, a second kitchen and an elevator.
David Martin of Windermere listed the property and Courtney Royce, also of Windermere, represented the buyer. Courtney Royce, Ron Royce’s daughter, declined to say if her dad is vice president at Resource Recycling Systems as listed on LinkedIn.
No. 6 on the list — a waterfront home in Laurelhurst — is the only Seattle property among the top 10 sales.
The 8,562-square-foot, four-bedroom house has a kitchen with Michelangelo marble, walnut and Wolf and Sub-Zero appliances.
Public records list the buyers as Jeff Kunins, whose LinkedIn profile says he is chief product and chief technology officer at Axon, and Karina Kunins, co-founder and social media manager at Make-Ahead Mamas LLC.
Karl Linder of Windermere listed the property for seller Stefanie Erdahl, and Linda Chou of Realogics Sotheby’s International Realty represented the buyers.
Dave Clark, former CEO at Flexport and the former CEO at Amazon Worldwide Consumer, and his wife, Leigh Anne, built the house in 2017. They sold it in 2018 to Erdahl for $11 million, per public records.
Commercial real estate developer and investor Stuart McLeod sold this three-bedroom home to Hadi Mirzai, for $15.4 million, making it the highest price for a home in Kirkland ever and seventh on the Business Journal’s list. Mirzai is president of Seattle Galvanzing Co. Inc., according to LinkedIn.
The 5,716-square-foot home has a 150-foot dock, an open floor plan and a wine cellar.
The listing and selling brokers were Darius Cincys of Coldwell Banker Bain and Ken Nash of Windermere, respectively. Terry Allen of Coldwell Banker Bain was a co-listing broker.
How the eighth-most-expensive sale came to be dates back to 2020, when Rodney Olson of Paramount Hotels sold a Hunts Point waterfront property for $60 million, the most ever paid for a home in Washington.
Around the same time, Olson and his wife, Janice, through an LLC, paid $11.2 million for a 1967-built home on nearly an acre on the water in Hunts Point, where in 2021 the house was razed and a new one was built, according to construction permits, which list the value of the new house at $4.2 million.
In June, the Olsons sold the property for $14.5 million to Gary and Della Furukawa. He is the founder and senior partner of Freestone Capital Management. Greg Rosenwald of Compass was the selling agent. The listing broker was Gray of Realogics Sotheby’s International Realty.
Realogics declined to provide a photo of the property, citing a non-disclosure agreement.
Louisiana-based Henry Island Estate LLC bought the ninth-most-expensive property, a nearly 13-acre estate on Henry Island in the San Juans. Retired investment banker Craig Tall was the owner of the property with over 3,400 feet of waterfront.
It sold for just over $14.25 million after going on the market in 2022 for $19.9 million.
Foster and Skillman of Team Foster at Compass were the listing brokers, and Lisa Bisceglia-Tate represented the buyers.
Foster and Skillman also listed the 10th-most-expensive home, a four-bedroom on a nearly 35,600-square-foot lot on the north end of Mercer Island.
Built in 2000, Brian and Stephanie Shay sold it in May to Richard and Sheila Jensen for $13 million, public records show.