$800k Price Drop in the Highlands!

When an Arthur Erickson designed home hits the market, most Seattleites gain interest in the story but when an Arthur Erickson designed home in the Highlands has a price drop of nearly $1,000,0000; well, now we’ve got your attention. Originally built in 1979, this home has been recognized among the most significant homes in the Pacific Northwest, and sits on 8+ acres in the Highlands. The home boasts white polished concrete & glass ceilings and an open floor plan.  To the south the home looks out over an impressive swimming pool with a sculptural meadow and a prominent woodland backdrop and to the northwest over a reflection pool with mountain and sound views beyond.  The estate also includes a James Cutler designed 1,700 sf guesthouse tucked away so not to disturb the views of the main house.  The estate was previously listed for $4,495,000 and has recently been re-listed for $3,695,000.

Over the past year, there have been six residences that sold in the Highlands, three of which exceeded $3 million. Currently there are 10 active listings in the Highlands. Click the link for more information on this home or others in The Highlands.

Foreclosure in The Highlands Seattle / Shoreline

A week ago Sunday, the Seattle Times wrote and article about a foreclosure in The Highlands. The article titled, The Highlands Can't Keep Out Foreclosures, is buried at the bottom of the first article about the proxy fight at Fisher. While the article points out the foreclosure, it also discusses what The Highlands has to offer: large lots, view of Puget Sound, privacy, and access to community trails, tennis courts, playfields, beach, pool, etc. And while sales essential stopped (no sales in 2009), since then sales have picked up. With just over 100 homes in The Highlands, 10% have sold or under contract since the beginning of 2010.

The Seattle Times article extensively quotes Jane Powers, real estate broker from Ewing & Clark. Jane has three listings in The Highlands including this fantastic home listed for nearly $5 million. Currently there are 12 homes available for sale in The Highlands. To quote Jane and the article:

A dozen homes in The Highlands are for sale now, Powers says — a lot by historic standards, but down from 18 a couple years ago.

Why so many? "There were some financial situations, like everywhere else," Powers says. But folks also were selling for all the usual reasons — death, divorce, relocation, downsizing.

With inventory high, this might be the time to buy in one of Seattle's great neighborhoods.