At least I’m pretty sure that who’s selling their waterfront place for a cool $33.9 million.
Windermere’s calling it “The Grand Point of Medina,” which is saying a lot for a place down the beach from Bill Gates’ house.
It also seems like a crazy time to be selling a “chateau” that “takes its place among the great estates in the Northwest.”
But agent Tere Foster said it’s already drawn interest since it was listed 12 days ago.
Aren’t the super rich spooked by the downturn?
“Certainly they’re consumers like anybody but one thing about the stock market, when it’s doing this kind of stuff, people would rather put their money in real estate,” she said.
Besides, there aren’t many chances to buy 627 feet of prime waterfront.
“It’s one of the rare pieces in the Northwest – it’s one of the rare pieces on the West Coast. It’s very, very exceptional real estate.”
Foster wouldn’t confirm ownership of the house on 1.89 acres at the end of Groat Point Drive. King County records show its valued at $15.8 million and taxes are paid by a faceless Bellevue trust.
However it’s also the same address where Jolene McCaw, wife of Bruce McCaw of the wireless pioneer clan, is registered to vote.
I couldn’t get through to Bruce. He was probably busy cleaning the pool, six bedrooms, six baths and seven garages in case any buyers drop buy.