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Eastside mansion sells for $47M below the original asking price
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Eastside mansion sells for $47M below the original asking price

The Seattle Times·The Seattle Times·28 days ago
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Bruce McCaw sells Hunts Point mansion for $47M below original ask Seattle Times business reporter Even the wealthiest residents are having a rough time in the Seattle area’s real-estate market. Hitting the market at $85 million in 2022, Bruce McCaw’s Hunts Point mansion was once the most expensive home for sale in Western Washington. Last week, it sold for $38 million, $47 million under its original asking price. The sale comes at a time when homes of all prices are lingering on the market. Still-high interest rates, expensive listing prices and economic uncertainty are deterring buyers — contributing to a slower real estate market across the nation. The telecom magnate and his wife, Seattle-area philanthropist Jolene McCaw, sold the 4.3-acre waterfront property valued at $56 million for $38 million , as first reported by the Puget Sound Business Journal. That’s still one of the priciest residential transactions ever in the Puget Sound region, according to property records.…

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