$28 Million Mercer Island Waterfront Mansion To Be Auctioned Off | Homes of the Rich – The #1 Real Estate Blog

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  • Daniel

    I see it going for half of the current asking price.

  • Grrrowler

    I bet this will end up going for between $10 and $12 million. It’s a nice house on a beautiful lot, but it’s nothing overly exciting. In fact, it’s kind of boring. It’s also the largest house in the immediate neighborhood, by far. I’ve seen the outside, and it doesn’t fit into the neighborhood at all. There’s just not a huge market for spec houses in this price range in the Seattle area. All of the billionaires in the area already have custom built houses, and this isn’t a huge metropolitan area. Anyway, I’m curious to what this ends up going for.

  • NOVA Ben

    I too am curious as to how much this will bring. The home itself? beige, beige, beige. That and it’s more than a little too commercial on the outside. Not my thing.

    I’m curious, what general type of situation tends to prompt auction sales of homes like this? Is somebody in this way too deep and just needs a quick exit? Is there a bank involved?

  • Iemand

    I actually like this one. It’s a great location (not in something like Las Vegas or some other desert town.). House looks quite nice and it screams quality and craftsmanship troughout.
    And yes, the price is a bit steep but wasn’t there an action some time ago where a house was auctioned off for a fraction of what was asked?

  • Marilyn

    Don’t quite get the pop up tv by the pool.

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