Winter Edition 2021 - Luxury Report

BRYAN LOVELESS & ASSOCIATES Waterfront Recap & Luxury Edition -January 2021-

2021 Greetings!

Once again, I hope this magazine finds you healthy and happy! I don’t know about you, but I can’t believe how fast time is going by (the older I get the faster it goes)!

I am guessing that you, like me, are glad to see 2020 behind us. I know I really miss simple things – like going out to breakfast, lunch, or dinner, or taking a trip (anywhere), and most especially being able to gather with family and friends without restriction or risk! Hopefully, the new vaccines will get distributed to all of us and life will return to closer to normal once again.

Amazingly, despite the trying times in 2020, the local real estate market was record setting! As this magazine issue is my North Lake Washington waterfront from the south end of Kirkland around the North end of Lake Washington to Magnuson Park update/2020 recap, here are some interesting waterfront statistics from that specific area: • In 2020 there were 24 waterfront home sales, averaging $3,992,417 an increase of nearly 50% in average price over 2019 (in 2019 there were 30 sales averaging $2,621,229)!

• There are currently only six active waterfront single family home listings in the entire area, averaging $5,885,833 with only two of them priced below $5,000,000!

• The total of all single family home, condominium, and vacant land closed waterfront sales in 2020 was $125,202,350! In 2019 the total of all closed waterfront sales was $103,844,858, an increase of over 20%! Given the pandemic in 2020 and the associated real estate showing restrictions, this is a truly astounding statistic!

• In 2020 I closed a total of 21 waterfront transaction sides representing Buyers and/or Sellers – and I have closed 69 waterfront transactions in the past five years.

People often ask me why I sell so much Lake Washington waterfront. Living on the lake, and enjoying all of the wonderful things Lake Washington has to offer – and that are truly part of our heritage - from Opening Day, the 4th of July, Seafair and the Christmas ships, to simply enjoying boating to all of the amazing destinations in Puget Sound and the San Juan Islands there is truly nothing like it! I believe I am better able to articulate the Lake Washington waterfront lifestyle – and that is what owning waterfront is really all about!

Given the all-time record high price levels, the extremely low inventory (both on and off the water), and continuing historic low interest rates, there may never have been a better time to sell your home than now!

I want to also mention that, despite all of the positive real estate news, there continue to be many in the community who have been negatively impacted by the current pandemic – not only have many lost their livelihoods, some are struggling to keep housing or even enough food on the table. Even worse, there are also many of us who have lost loved ones to this horrible virus.

I remain committed to try to make a positive difference in our community and plan to donate more in 2021 to local charities. I urge those of you who can, to do the same. There are nearly endless ways to give – Hopelink, Attain Housing, and the Windermere Foundation are a few of my local favorites. I will commit to donating $500 from every closed sale in 2021 to my client’s choice of those three charities.

Here’s to good health and better times for all of us in 2021!

Bryan Loveless 425.968.8181 BryanLoveless@Windermere.com

2020 North Lake Washington Waterfront Address 10

11 12

9 8

13 14

7

6 5 3

15

4

16

2

19 17

18

21 22 23

20

1

24 25

26

*Listed and/or sold by Bryan Loveless

Waterfront Ft Sales

1

8724 Sand Point Way NE, Seattle

42’

$4,100,000

2

9738 Lake Shore Blvd NE, Seattle

50’

$1,725,000

3

12354 Riviera Place NE, Seattle

76’

$1,750,000

4

12502 Riviera Place NE, Seattle

40’

$1,750,000

5

13028 Riviera Place NE, Seattle

102’

$2,340,000

6

14014 Riviera Place NE, Seattle

75’

$2,835,000

7

14040 Riviera Place NE, Seattle

75’

$2,900,000

8

14320 Edgewater Lane NE, Seattle

92’

$3,400,000*

9

16718 Shore Dr NE, Lake Forest Park

86’

$2,800,000

10 17345-17347 Beach Dr NE, Lake Forest Park 140’

$5,000,000*

11 17700 Beach Dr NE, Lake Forest Park

71’

$2,500,000*

12 16309 Inglewood Rd NE, Kenmore

97’

$2,550,000

13 5980 NE Arrowhead Dr, Kenmore

96’

$3,375,000*

14 5912 NE Arrowhead Dr, Kenmore

70’

$2,730,000*

15 13819 62nd Ave NE, Kirkland

65’

$4,925,000*

16 13133 Holmes Point Dr NE, Kirkland

46’

$3,000,000*

17 11677 Holmes Point Dr NE, Kirkland

62’

$1,188,250*

18 11645 Holmes Point Dr NE, Kirkland

231’

$5,300,000*

19 11549 Holmes Point Dr NE, Kirkland

36’

$1,050,000

20 11021 Champane Point Rd NE, Kirkland

60’

$3,700,000*

21 11112 78th Ct NE, Kirkland

77’

$3,250,000*

22 8339 NE Juanita Dr, Kirkland

70’

$2,975,000

23 1603 10th St W, Kirkland

60’

$5,975,000

24 1431 10th St W, Kirkland

90’

$8,300,000

25 313 Lake Ave W, Kirkland

90’

$9,000,000

26 6211 Lake Washington Ave NE, Kirkland

125’

$11,838,000

Lake 14328 Washington Edgewater Ln NE Waterfront Seattle Quality Lake Washington waterfront home on 75 feet of prime frontage. Carefully constructed over the shores of the lake in 1977, this 3 bedroom, 2.5 bath home was substantially renovated in 2005.

Rare, totally functional floorplan with light-filled open spaces, cathedral ceilings, and beautiful, sweeping vistas of fabulous Lake Washington, the Cascades, and rose colored sunrises from every room! Chef ’s kitchen with granite and stainless, open family room, formal dining and spacious living room all adjacent to deck areas for a seamless indoor-outdoor waterfront lifestyle! Master suite includes a sitting room and adjacent office, walk-in closet and 4 piece bath. Huge trex decks, the length of the home, with covered outdoor space (easy addition for extra room), outstanding deep-water moorage, small swim dock, boat lift, and even a buoy for your yacht! Across the street from the Burke-Gilman trail on quiet Edgewater Lane (aka Riviera Drive) property includes a large 2 car garage with extra storage/workshop space and rare, excellent off street parking. Perfect “lock and leave” home with the water as your yard and most rooms feeling as if you are literally standing on the Lake! Don’t miss this rare opportunity for a quality Lake Washington waterfront home under $3M!

Offered at | $2 ,800,000 MLS | 17 11821

look into

Lake Washington facts + history E XPLORING THE DEPTHS - 18 miles long and adjacent to both Seattle and Bellevue, Lake Washington is the last resting spot of an estimated 109 planes, 50 ships, a coal train, and other unusual artifacts that have sunk over the years. The deepest point of the lake is 210 feet, approximately 700 feet from the Madison Park shore. There is a myriad of flotsam and jetsam at the dark murky bottom of the lake - rowboats, boat motors, binoculars, fishing poles, water skis, stolen cars, airplanes, and parts of hydroplanes that have crashed and sunk during races. There is a legend that during Prohibition, a barge full of illicit liquor was intentionally sunk so that revenue officers could not get it (a number of divers have searched for the vintage spirits without success)! The bottom is also the final resting place for an estimated 400+ boats including ferries, barges, and even 3 Naval minesweepers! There are also an-

cient submerged forests at the bottom of the lake from a huge earthquake and associated landslide that took place between 1,000-3,000 years ago.

One such underwater forest is near Kenmore and another near Mercer Island. The drowned trees off the southern coast of Mercer Island have been described by one intrepid diver as “a thrill to swim through”, however not everyone would agree. After a thousand years underwater, the trees are well preserved due to low oxygen levels. Some of the trees have been unlawfully raised by men selling them for lumber – until they were later charged with stealing from state land in the early 1990’s.

For now, at least, the aquatic forests will remain at the bottom of the Lake — just like they have for the last 1,000+ years.

LAKE FOREST PARK - SEATTLE

MERCER ISLAND

KIRKLAND - JUANITA ABOVE WATER - Lake Washington is King County’s largest freshwater body of water, and Washington State’s second largest natural lake. The two key prominent streams of Lake Washington are the Cedar River at the southern end, which contributes about 57 percent of the annual hydraulic load & water from Lake Sammamish via the Sammamish River at the north end, which contributes 27 percent of the hydraulic load. Additionally, the lake is fed by several small creeks and rivers and home of many native species including coastal Cutthroat Trout and Brown Bullhead.

The lake is a deep, narrow, glacial trough with steeply sloping sides known as the Lake Washington Basin, carved by the Vashon Ice Sheet, the last continental glacier to pass through the Seattle region. The Ship Canal, which was constructed in

1909, is the only discharge from both Lake Sammamish and Lake Washington which drain through the locks and dam at the western end. Lake Washington is almost twice as deep, four times the region and four times the area, as Lake Sammamish. However, the construction of the Ship Canal while opening Lake Washington to Puget Sound, caused the disappearance of the Black River and the lake to lower 9 feet. Today there are numerous restaurants, marinas, and all kinds of activities on the lake – not including the fabulous traditions of Opening Day with the Windermere Cup and the Yacht Parade (a local fixture for over 80 years), the 4th of July celebrations all over the lake, Seafair – the largest floating festival in the world – and the Christmas Ships – another longtime area tradition that is part of our local heritage!

Holmes 6046 Point NE 135th Street Living Kirkland Exceptional, immaculate 4-5 bedroom, 3 bathroom, 3,479 square foot home built in 2005 by Kirkland Builder ’s Group. Serene peaceful setting on a small, quiet dead-end lane just a few houses from Lake Washington. Tremendous functional floorplan with generous room sizes including a chef ’s kitchen, formal living and dining rooms, main floor office/guest room and upper level bonus room, along with a spacious master suite. Arboretum-like manicured grounds (9,621 square foot lot / .22 acre) with beautiful newly rebuilt deck and patio backing to pastoral year-round creek. 841 square foot unfinished exterior entry basement provides terrific potential for shop, and/or just great storage! Coveted Holmes Point location, with highly rated Lake Washington schools including award-winning Sandburg Elementary, and just blocks to neighborhood boat launch & Lake Washington access. Area amenities include 600+ acres of protected forests, hiking trails, & waterfront parks and just a few minutes to QFC & iconic Inglewood Golf Club.

Pending | $1,350,000 MLS | 1674365

the Garden, Barbados $40,000,000

New Jersey, USA $11,750,000

Wa t e r f ro n t H o m e s Paradise Island The Bahamas $39,500,000

Florida, USA $8,850,000

Hawaii, USA $33,000,000

Dominical, Costa Rica $8,400,000

A ro u n d t h e G l o b e Lake Tahoe, USA $8,200,000

Cape Town, South Africa $4,412,403

Hampton 6620 Inspired NE 130th Ln Kirkland Located at the end of a quiet lane in coveted Holmes Point, this 3,900 square foot home on a 20,516 square foot (.47 acre) lot was originally built in 2005, and substantially renovated in 2015. Carefully crafted 4 bedroom, 3.5 bath Hampton’s style home with high-end fixtures and finishes throughout including solid American cherry cabinetry and hardwood floors, custom millwork, granite slab counters, two-way fireplace, large covered entertaining deck and huge (950 SF) 3 car garage! Lightfilled interior features formal living & dining rooms, executive office with custom bookcases, true chef ’s kitchen with massive island, butler ’s pantry and quality appliances including an 8 burner gas range, double oven, warming drawer, beverage refrigerator, and Bosch dishwasher. Elegant master suite features fully enclosed sitting area, gas fireplace, spacious walk-in closet and luxurious master bath with dual vanity, jetted tub and spa-inspired shower. This exceptional home has great street appeal and is situated on a massive, beautifully manicured lot with a private arboretum-like backyard and extensive garden spaces. Located just a few blocks from the community boat launch & Lake Washington access, 600+ acres of protected forests, hiking trails, & waterfront parks. In Lake Washington School District, minutes to QFC/Inglewood Shopping Center, St. Edward State Park, O.O. Denny Park, and the famous Inglewood Golf Club – this home will appeal to the most discerning buyer!

Pending | $1,673,000 MLS | 167 1422

Lake Washington

TRIVIA

1.

Lake Washington is the largest natural lake in the State of Washington.

A True B Fal se

2.

What year did construction of the Lake Washington Ship Canal begin?

A 1906 B 1909 C 1916

3.

In the early 1900’s Lake Washington was lowered ____ feet, due to constructhe tion of the Lake Washington Ship Canal. state of

A 9 ft B 10 ft C 12 ft

4.

A B

Lake Washington’s two major influent streams are: Juanita Creek & Sammamish R iver Lyons Creek & Cedar R iver

C Cedar R iver & Sammamish R iver

5.

6.

Which river disappeared after the Lake Washington Ship Canal was built?

A Cedar Ri ver B Bl ack Ri ver C Col umbi a Ri ver

7.

A 196 ft B 203 ft C 210 ft

8.

Lake Washington is nearly twice as deep as Lake Sammamish.

Which species is NOT native

the to Lake Washington? state of

A Coastal Cutthroat Trout B Brown Bullhead C Northern Pike

9.

The deepest point in Lake Washington is ____ ft.

A True B False

The Lake Washington Basin was formed by the

.

A Vashon Ice Sheet B Cordilleran Ice Sheet C Lake Washington w as not formed by an ice sheet

Answers: 1. B 2. B

3. A

4. C

5. B

6. C

7. C

8. A

9. A

Classic 12429 Holmes 68th Ave NE Point Kirkland One-of-a-kind, architect designed, classic NW Contemporary perched near the top of a quiet lane in sought after Holmes Point. Custom built in 1968, this 3 Bedroom, 2 Bath, 2,310 square foot mid-century modern home features 14’ cathedral ceilings, huge walls of glass, and partial lake, mountain, territorial, and golden sunset views from nearly every room! Meticulously maintained, mostly easy one-level living, with the third bedroom currently being used as an office, with cathedral ceiling, clerestory windows and 12’ door! Five separate decks (3 on main living level), including a huge 800sf+ signature view deck off living room – perfect for summer barbeques, or sipping your favorite beverage and watching a beautiful sunset. Large ¾+ acre (34,068 square foot) lot, with towering evergreens all in one of the quietest, most peaceful locations in Kirkland, backing to a total of 600 acres of protected forests and trails. Just a few blocks – by trail or by road - to waterfront Denny Park and neighborhood boat launch. Award winning Lake Washington Schools including top rated Carl Sandburg Elementary. A+ location, just 3 minutes to QFC, Bartells, & St. Edward State Park and 8 minutes to venerable Inglewood Golf Club. Don’t miss a rare chance to live in this amazing example of a mid-century NW Contemporary and true work of art!

Pending | $1,300,000 MLS | 1698150

sold properties

BY BRYAN LOVELESS

Just a few from 2020...

Unit 102 $980,000

Unit 101 $975,000

$1,450,000

2020 CLOSED SALES

$1,853,000

$3,700,000

$3,250,000

$1,650,000

BY BRYAN LOVELESS

$1,800,000

$2,305,000 $4,925,000

$3,375,000 $2,210,000

2020 CLOSED SALES

$2,500,000

$3,000,000

$3,400,000

$1,732,000

BY BRYAN LOVELESS

$5,300,000

$2,730,000

$5,000,000

LOVELESS REAL ESTATE

Bryan Loveless 425.968.8181 BryanLoveless@Windermere.com BryanLovelessRealEstate.com 11411 NE 124th St, Ste 182 Kirkland WA 98034