Listed by COMPASS, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $3,271,000 - $23,788,020

8 Beds
10 Baths
12,623 Sq Ft
$1,072/Sq Ft Est. Value

Sale Details

Date Sold: August 17, 2023

Last sale price $24,375,000 $1,931 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $77,626 / mo

16 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Wine Cellar
  • Northwood Elementary School Rated A
  • Second Kitchen
  • Spa

About This Home

As of August 2023

The Lakehouse on Mercer Island, a remarkable new 2022 rebuild on the shores of Lake Washington by DME Construction. Wide, sweeping views & 120 feet of waterfront create a peaceful setting for this extraordinary custom home on the cherished north end. More than 12,000sf of interiors bathed in sunlight. Arcadia black steel windows & doors add drama to the refined interior palette. The stunning epicurean kitchen features every luxe appointment and boasts a wall of multi-slide windows out to the patio. Garages for 6+ cars plus massive auto court, full guest apartment, wellness spa, indoor/outdoor entertaining, pool, beach & private dock. Incredibly sophisticated, on point with every design detail, yet timeless. This is the one & only Lakehouse.

Last Agent to Sell the Property

Tere Foster

COMPASS License #7690 Listed on: 07/07/2023

COMPASS

Last Buyer's Agent

Evan Wyman

COMPASS License #23315

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2136465

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $134,000

Year Built

  • Built in 2007

Lot Details

  • 1.23 Acre Lot
  • Low Bank Waterfront Property
  • 120 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Gated Home
  • Partially Fenced Property
  • Secluded Lot
  • Level Lot
  • Sprinkler System
  • Property is in very good condition

Parking

  • 6 Car Attached Garage
  • Driveway

Property Views

  • Lake
  • Territorial

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Poured Concrete
  • Metal Roof
  • Stone Siding
  • Stucco
  • Vinyl Construction Material

Interior Spaces

  • 12,623 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Skylights
  • 5 Fireplaces
  • Gas Fireplace
  • French Doors
  • Wine Cellar
  • Sauna
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Second Kitchen
  • Walk-In Pantry
  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Stone
  • Marble

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Spa Bath

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Patio

Schools

  • Northwood Elementary School
  • Islander Mid Middle School
  • Mercer Isl High School

Utilities

  • Forced Air Heating and Cooling System
  • High Efficiency Heating System
  • Radiant Heating System
  • Smart Home Wiring
  • Generator Hookup
  • The lake is a source of water for the property
  • Hot Water Circulator
  • Water Heater
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Additional Features

  • ADU includes 2 Bedrooms and 2 Bathrooms
  • Property is near public transit and bus stop

Community Details

  • No Home Owners Association
  • Built by DME Construction
  • North End Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1302023RES

Home Details

Home Type

Single Family

Est. Annual Taxes

$134,000

Year Built

Built in 2007

Lot Details

1.23 Acres

Parking

6

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 2007
  • Inclusions: Dishwasher,DoubleOven,Dryer,GarbageDisposal,Microwave,Refrigerator,SeeRemarks,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 12623
  • EffectiveYearBuiltSource: See Remarks
  • SeniorExemption: false
  • AccessoryDwellingUnit: AttachedDwelling
  • Special Features: None

Interior Features

  • Fireplaces: 5
  • Basement: Daylight, Finished
  • Private Spa: Yes
  • Appliances: Dishwasher, Double Oven, Dryer, Disposal, Microwave, Refrigerator, See Remarks, Stove/Range, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 6
  • Total Bedrooms: 8
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Engineered Hardwood, Marble, See Remarks, Stone
  • Interior Amenities: Second Kitchen, Built-In Vacuum, Double Pane/Storm Window, Fireplace (Primary Bedroom), French Doors, High Tech Cabling, Hot Tub/Spa, Sauna, Security System, Skylight(s), SMART Wired, Sprinkler System, Walk-In Closet(s), Walk-In Pantry, Wet Bar, Wine Cellar, Wired for Generator, Fireplace, Water Heater
  • Living Area: 12623
  • Main Level Bedrooms: 1
  • BathsFullMain: 0
  • SquareFootageFinished: 12623
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfLower: 0
  • BathsHalfMain: 2
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 4
  • BedroomsLower: 0
  • BedroomsUpper: 7
  • AppliancesIncluded: Dishwasher,Double Oven,Dryer,Garbage Disposal,Microwave,Refrigerator,See Remarks,Stove/Range,Washer
  • FireplacesUpper: 3
  • ADUBaths: 2
  • ADUBeds: 2

Exterior Features

  • Roof: Flat, Metal
  • View: Lake, Territorial
  • Lot Features: Dead End Street, Paved, Secluded
  • Pool Features: In Ground
  • View: Yes
  • Waterfront Features: Bank-Low, Lake, No Bank
  • Waterfront: Yes
  • Builder Name: DME Construction
  • Exterior Features: Metal/Vinyl, Stone, Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • BusLineNearby: true
  • PoolType: In-Ground
  • WaterfrontFootage: 120

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 6
  • Garage Spaces: 6
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage
  • Total Parking Spaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Lake, Public
  • Cooling: Central A/C, Forced Air
  • Cooling Y N: Yes
  • Heating: 90%+ High Efficiency, Forced Air, Hot Water Recirc Pump, Radiant
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Mercer Island
  • WaterCompany: City of Mercer Island
  • WaterHeaterLocation: Lower level-Mech room
  • WaterHeaterType: Gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mercer Island
  • High School: Mercer Isl High
  • Middle Or Junior School: Islander Mid

Lot Info

  • Parcel Number: 1302023RES
  • Topography: Level,PartialSlope
  • Land Lease: No
  • Lot Size Acres: 1.2292
  • Lot Size Sq Ft: 53544
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: false
  • SiteFeatures: Cable TV,Deck,Dock,Fenced-Partially,Gas Available,Gated Entry,High Speed Internet,Hot Tub/Spa,Moorage,Patio,Sprinkler System
  • MLSLotSizeSource: KCR/See Remarks/BTF

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2022
  • Tax Annual Amount: 134000

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Northwood Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2023
Closed on
Aug 15, 2023
Sold by
6226 Se 22Nd Llc and Lakehouse-6236 Llc
Bought by
Mercer Lakehouse Trust and Betz
Seller's Agent
Tere Foster
COMPASS
Buyer's Agent
Evan Wyman
COMPASS
List Price
$26,888,000
Sold Price
$24,375,000
Premium/Discount to List
-$2,513,000
-9.35%
Views
134
Current Estimated Value
$13,529,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,845,490
Avg. Annual Appreciation
-19.53%

Purchase Details

Closed on
May 7, 2021
Sold by
Anmi Llc
Bought by
Lakehouse 6236 Llc

Purchase Details

Closed on
Apr 3, 2018
Sold by
6220 Nice Llc
Bought by
Anmi Llc

Purchase Details

Closed on
May 11, 2015
Sold by
Shih Douglas W
Bought by
6220 Nice Llc

Purchase Details

Closed on
Apr 11, 2011
Sold by
Shih Jackie
Bought by
Shih Douglas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Mercer Lakehouse Trust $24,375,000 Chicago Title
Mercer Lakehouse Trust $24,375,000 Chicago Title
Lakehouse 6236 Llc $16,500,000 Chicago Title Company Of Wa
Anmi Llc -- None Available
6220 Nice Llc $13,800,000 Chicago Title
Shih Douglas W -- The Talon Grou
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shih Douglas W $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2023 08/17/23 Sold $24,375,000 -9.3% $1,931 / Sq Ft
07/23/2023 07/23/23 Pending -- -- --
07/07/2023 07/07/23 For Sale $26,888,000 -- $2,130 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $70,752 $10,809,000 $9,359,000 $1,450,000
2023 $137,511 $21,966,000 $8,830,000 $13,136,000
2022 $123,393 $22,433,000 $9,933,000 $12,500,000
2021 $118,421 $16,766,000 $8,176,000 $8,590,000
2020 $109,815 $14,803,000 $7,787,000 $7,016,000
2018 $113,948 $13,615,000 $7,271,000 $6,344,000
2017 $99,447 $13,140,000 $6,992,000 $6,148,000
2016 $92,487 $12,225,000 $6,392,000 $5,833,000
2015 $89,094 $11,071,000 $5,785,000 $5,286,000
2014 -- $10,191,000 $5,347,000 $4,844,000
2013 -- $10,050,000 $4,116,000 $5,934,000
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2136465

Northwest Multiple Listing Service (NWMLS)

APN: 544230-0796

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