Luxury Report 2023

BRYAN LOVELESS & ASSOCIATES

- 2023Luxury Report

| PHOTO BY NICK DANIELSON (@nickmdanielson)

“With the new day comes new strength...”

- Eleanor Roosevelt

Happy 2023!

Last year proved to be quite tumultuous, with interest rates increasing significantly, the stock market experiencing substantial correction, and the residential real estate market shifting as well. While global wealth continues to robustly increase (12.7% in 2021 & 9.8% in 2022 per Credit Suisse), local markets have mixed signals, with a number of large tech companies recently laying off a significant number of Puget Sound area residents.

Included in this magazine is my 2022 North Lake Washington waterfront recap – this report includes data on sold properties in 2022 from the entire north-end of the Lake. Per the map on the opposite page, this includes waterfront home sales from the south end of Kirkland, up north to the eastside of the Lake through Kenmore and Lake Forest Park, and finally south down the West side of the Lake to the UW campus.

Here are some stats regarding residential single family waterfront sales on North Lake Washington:

• In 2022 there were 19 waterfront sales averaging $6,191,000;

• This $6.191M average was an increase of $1.6M from closed sales in 2021;

• This 27% value increase from 2021 was partially due to a lack of inventory;

• There were 43% less sales in 2022 (19 waterfront sales in 2022 compared to 33 in 2021);

• There are currently 6 active waterfront listings ranging from $5,995,000 - $18,750,000.

I was fortunate to participate in 7 of the closed 2022 waterfront listings and/or sales (and have closed 56.5 North Lake Washington waterfront sales for Buyers and Sellers over the past 5 years - more than 5 times any other broker per NWMLS stats from a Trendgraphix Top Producer report). I continue to personally reside on the Lake in the Holmes Point area of Kirkland, and am uniquely positioned to get you the highest possible price for your waterfront. Please feel free to contact me with any questions or a no-obligation market evaluation to find out just how much your lakefront asset has become worth!

I have continued to refer a number of quality vendors to fellow area homeowners – everything from housecleaners to handymen as well as remodeling contractors, painters, roofers, dock repair companies, etc. Don’t hesitate to contact me for quality referrals and wonderful area contractors to assist you with any of your future projects, or if you just want to talk about real estate or lake related issues!

Finally, I want to wish you all my best in 2023 – it has been a challenging past year (make that few years) for the entire community, and it is my sincere hope that better days for all of us are on the horizon!

Bryan

Bryan Loveless

425.968.8181

BryanLoveless@Windermere.com

Magnificent Lake Sammamish

Waterfront

181 & 185

E Lake Sammamish Pkwy SE

Magnificent signature west-facing waterfront estate comprised of two waterfront parcels totaling 146 feet of no-bank beachfront on Lake Sammamish. Tasteful, curated homes in a truly idyllic setting with a 5,093 square foot 3 Bedroom, 3.5 Bath main home originally built in 1991 on the north lot, and an 1,100 square foot 1 Bedroom, 1.75 Bath guest house built in 2012. Carefully crafted main home includes a wonderful chef’s island kitchen with custom cabinets, Viking and SubZero appliances, generous amounts of custom millwork, hardwood floors, natural stone and designer tile. The elegant guest house has quality fixtures and finishes including a Wolf stove and NanaWall system opening to entertaining areas for seamless indoor outdoor living. Lush, level, arboretum-like grounds include mature plantings, wonderful privacy, multiple patios and fabulous stone outdoor entertaining area with a large custom fireplace perfect for gazing at rose colored sunsets over the Lake while enjoying your favorite beverage. Rare, beautiful expansive beachfront and two docks with excellent deep water moorage to enjoy the best that summer has to offer! Amazing A+ mid-lake location with each home at the end of a quiet dead-end lane for ultimate privacy. The total amount of property in this offering is 23,436 square feet (.54 acre) and includes two garages with workshop/storage spaces and enclosed parking up to 5 cars – perfect for all of the necessary waterfront toys! Two docks with boat lifts, huge beach and extensive westerly lake and sunset views – a rare and special property. Don’t miss this opportunity to live the good life at one of the finest ownerships on Lake Sammamish!

Listed at | $11,000,000

MLS | 1931235

Main House also available for individual purchase

$7,500,000 | MLS 1951751

Luxury Public Golf Courses

in the United States

Bandon Dunes Golf Course | Bandon, Oregon

One of four true links in the US, Bandon Dunes has been created to blend with the natural environment (shown above), true to the spirit of Scotland links. Built on a sandy coastline that offers firmer playing surfaces, makes this course a must play if you are an avid golfer. With 6 distinct links on this resort, each course is a little different with it’s own challenges. Upon request, a caddy can help to make this an ultimate luxury experience. Players are required to walk, so take in the sweeping ocean side views and enjoy the gracious hospitality the resort offers at the end of your round.

Pebble Beach | Del Monte Forest, California

Of course we could not forget to add the iconic Pebble Beach links, rated the number 1 public course in the country. Home to numerous U.S. Opens, this course has nine holes perched immediately above the crashing Pacific surf with incredible design variety and aesthetics tough to match, a true bucket list experience.

Pinehurst: No. 2 | Pinehurst, North Carolina

One of the top selections with the fourth or fifth most original designs in the US. Pinehurst has hosted numerous US Opens, PGA Championships, Ryder Cups and three US Amateurs. Known for a fun, but difficult course with firm greens, this course is a challenge for both amateurs and pros. Self proclaimed as the “Home of American Golf”, Pinehurst offers rolling hills, stately pines and sandy soil ideal for golf. Pinehurst is scheduled to host the 2024, 29, 35, 41 and 2047 US Opens. This is one course you shouldn’t miss!

Kapalua: Plantation Course | Maui, Hawaii

Ranked as the #1 golf course in Hawaii, located on the north shore of Maui this course is a known home of the PGA Tour opening event each year. Built on a plantation of windswept pineapple fields on the pronounced slope of a volcano, this massive 7,596 yard course is designed to accommodate the wind and sloping hills. It’s a par 73 with a layout that challenges the pros and forgiving greens make it very playable for the average golfer. Played by many golf greats, the course record is 61 and tied between Justin Thomas, Jon Rahm and Matt Jones from the 2022 Sentry Tournament of Champions.

Spectacular

Lake Washington Waterfront

11069 Champagne Pt Rd NE Kirkland

Truly spectacular Lake Washington waterfront – located down Champagne Point Road – a rare, quiet dead-end lane. Carefully custom crafted in 2003 by renowned Street of Dreams builder Steven D Smith, this 4 Bedroom, 4.5 Bath home features 4,570 square feet of beautiful custom fixtures and finishes. Hard to find 85 feet of Southwest facing level, no-bank beachfront, with a beautiful 82 foot newer dock with an additional 25 foot el, and both a new 24,000 lb large boat lift and a second 6,000 lb kayak/toys/jet ski platform lift – all with moorage depths of 6.5 - 9 feet. Fabulous floorplan includes spacious room sizes, gourmet chef’s kitchen, spa-inspired primary suite, an amazing office and adjoining library elegantly finished with beautiful custom cherry millwork. Don’t miss the entertainment friendly lower level with family & rec/media rooms, yard and water’s edge adjacent bath, huge hobby room, workout room and extensive storage. Spacious entertaining decks, and large level backyard with all new turf and a large putting green. “A+” sought after Holmes Point / Kirkland location includes 600+ acres of protected forest, trails and waterfront parks, just 8 minutes from Inglewood Golf Club and 15 minutes from vibrant downtown Kirkland. Lake Washington schools – award-winning Carl Sandburg Elementary, Finn Hill Middle School and Juanita High School (home to the Cambridge Program). This exquisite property is sure to appeal to the most discerning buyer and is truly an opportunity to live the dream, with incredible southwest vistas down the wide part of Lake Washington including Magnuson Park, Sand Point Country Club, Matthews Beach, City skylines, breathtaking sunsets, and never-ending maritime performances!

Sold at | $6,800,000 MLS | 1882920

TRENDING IN 2023 DESIGN

Wellness

As wellness becomes more important in our lives it melds into our living spaces as well. Making homes geared toward self-care to facilitate healthy living can make a huge difference in well-being. Wellness design can set the tone for slowing down and practicing mindfulness which let us function at our fullest potential.

Heritage Tiles

Traditionally, homeowners stick to squares and rectangle shapes. In 2023, we will see more homeowners gravitating towards geometric (hexagons, chevrons, herringbones) and antique styles that mimic original reclaimed tiles. These style tiles give an opportunity for more design creativity that can be used to make a vintage or retro-style. Pair with single color tiles for a more understated and muted aesthetic or use them on their own.

Wickerwork

Wickerwork is commonly found outside but recently trends have shown it to be a popular accent in interior designs. More specifically, cane pieces have been featured in everything from small accessories like trays and stools to wardrobes and daybeds. This organic texture is designed in more modern variations without feeling too heavy or overwhelming.

Natural Light

Natural light is a design that will never go out of style and is currently becoming more popular in home designs. This design style is a renewed focus on maximizing natural light using large, floor to ceiling windows, whites and reflective surfaces. It is proven that natural light exposure helps sleep, focus and mood, as well as helping the body produce more Vitamin D!

Sweeping Holmes Point Views

13851 65th PL NE Kirkland

Elegant 4 bedroom, 3.5 bath estate near the top of a quiet lane in coveted Holmes Point with sweeping southwesterly views of Lake Washington, the Olympic mountains, city skylines and golden sunsets! Custom crafted in 1989, this 4,160 square foot home is on nearly half an acre (20,929 square feet) in the quietest location keep of Kirkland. Expansive, lightfilled entertaining spaces with walls of windows, gleaming hardwood floors, chef’s island kitchen, spa inspired primary bath, central air conditioning, generator and large view decks. Lush, manicured grounds, 3 car garage, circular drive, cement board siding and concrete tile roof. Award-winning Lake Washington School District including top rated Sandburg Elementary! Fabulous A+ location, adjacent to St. Edwards State Park and 600+ acres of protected forest and trails, community boat launch and just 4-6 mins to QFC, the Lodge at St. Edwards and the renowned Inglewood Golf Club. A rare combination of tranquil location and panoramic views.

Sold at | $2,000,000

Luxury 2023 EVENTS around

the world

Sydney Festival

Sydney, AU

January 5th-29th, 2023

A festival embracing the art of summer, a city-wide celebration of culture, creativity and the “questioning mind”. If you find yourself in Sydney this is an event you do not want to miss. The world’s finest artists come to showcase their work providing some of the most memorable productions.

Grammy Awards

Los Angeles, USA

February 5th, 2023

Showing recognition of the achievements in the music industry presented by The Recording Academy. This luxurious and prestigious award show also features performances and presentations by well known artists.

February

March

St. Patrick’s Festival Dublin, Ireland

March 17th, 2023

The National St. Patrick’s Day Parade kicks off the celebration of arts, culture and heritage. The Festival is open to all making it a great place to connect with friends and family and to bring the community together across Ireland.

April

The Masters

Augusta, Georgia USA

April 6th-9th, 2023

One of the four major championships in professional golf has numerous traditions including a green jacket awarded to the champion, and then returned to the clubhouse cloakroom the preceding year.

Kentucky Derby

Louisville, Kentucky USA

May 6th, 2023

Known as “The Greatest Two Minutes in Sports” the Kentucky Derby is an annual horse race, held on the first Saturday of May, winning a $2 million purse. The attendees wear their finest spring fashion with extravagant hats and bet on their favorite horse to win big money!

June

Spanish Grand Prix

Barcelona, Spain

June 4th, 2023

Formula One is the highest class of international racing. The Spanish Grand Prix hosted at the Catalunya circuit in Barcelona has been proven to be one of the best designed and well-liked by the drivers. On race day drivers will drive the 4.675 kilometer circuit over 66 times.

May

Tour De France

France

July 1st- 23th, 2023

The Tour De France is the world’s most prestigious and difficult bicycle race. 2023 will be the 110th annual race with multiple stages over the course of 23 days. Traditionally, the winner is rewarded with a yellow jersey.

Hublot Polo Gold Cup

Gstaad, Switzerland

August 17th-20th, 2023

The Hublot Polo Gold Cup is Europe’s highest altitude tournament sitting on a hillside 1000 meters above sea level known for it’s breathtaking views. Held in a green valley in one of the most unusual and prestigious locations in the world. Hublot, a luxury watch company, combined their cutting edge character to create a dynamic relationship between sport and luxury watchmaking.

Cannes Yachting Festival

Cannes, France

September 12th-17th, 2023

The Cannes Yachting Festival is a highly anticipated event that is one of the leading in-water yacht shows in Europe attracting an estimated 700 boats each year. Cannes offers visitors a rare opportunity to experience the sea trials on luxury yachts providing first-hand experience of the yachting lifestyle.

Albuquerque Balloon Fiesta

New Mexico, USA

October 7th-15th, 2023

Hosted in Albuquerque, New Mexico the hot-air ballooning capital of the world, this annual festival is the largest international gathering of balloons and balloonists. This enchanting festival is filled with beautiful colors and amazing scenery.

Yi Peng Lantern Festival

Chiang Mai, Thailand

November 27th-28th, 2023

Yi Peng Lantern Festival is an ancient celebration held on the evening of the twelfth month’s full moon on the traditional lunar calendar. Colorful floating lanterns are seen everywhere, including the waters, trees and buildings. Symbolic for releasing negative energy and wishing for good luck and fortune in the coming year.

Art Basel

Miami, USA

December 7th-9th, 2023

Paintings, installations, photographs, films and sculptures of the highest quality are shown in the exhibition hall in Miami. Unique perspectives on producing, collecting and exhibiting art are done by influential members of the international art world.

Bridlewood Living 10411 NE 152nd Pl Bothell

Immaculate, updated home in coveted Bridlewood. Tucked away off a cul-de-sac, this 4 bedroom, 2.5 bath home is extremely private and quiet, and features a new chef’s kitchen, gleaming hardwood floors, primary suite with updated spa-inspired bath, new carpets, new interior and exterior paint, and upgraded Presidential TL roof. Generous room sizes, main floor bonus room – could be converted to 5th bedroom, spacious formal dining room, grand entry with open staircase and soaring ceiling. Large 2 car garage with adjoining immense storage areas. Wonderfully secluded lot with a totally private large deck and backyard bordering pristine forest. One of Bothell’s best walking neighborhoods and a fabulous commuting location – just a few minutes to I-405 and nearly equidistant to Bellevue or Seattle. Area amenities include multiple parks, the Burke-Gilman trail, the Village at Totem Lake, Inglewood Golf Club, Lake Washington, and vibrant downtown Bothell with eclectic shops and restaurants. Award winning Northshore School District including sought after Inglemoor High School, home of the International Baccalaureate program.

Sold at | $1,235,000 MLS | 2013950