Mercer Island $28M Tycoon Buy Stuns Seattle
What Sold in the Mercer Island $28M Deal On Mercer Island’s north end, the $28 million deal covered two neighboring residential properties in the Shorewood neighborhood. Together, the parcels total nearly 56,000 square feet, creating an unusually large estate footprint in a tightly held luxury market. One home sits directly on Lake Washington with six bedrooms and 109 feet of shoreline frontage. The second residence is a five-bedroom house positioned farther inland, offering separation from the waterfront and added flexibility for use. That arrangement supports estate-scale privacy landscaping and potential waterfront redevelopment, subject to local rules. The purchase also lands amid renewed institutional focus on Seattle-area real estate after the Kiara Tower sale set a new benchmark in the city. Recorded July 1 through an excise tax affidavit, the transaction ranks as the second-largest home sale in Washington this year. Only a $38 million Hunts Point mansion sale ranked higher in ...