Mercer Island Waterfront Mansion Sells at Half Its 2010 Asking Price (House of the Day)

Mercer Island waterfront home
Mercer Island waterfront home

We don't usually feature homes on #housepornthurs that aren't up for grabs. But we're making an exception for this Mercer Island, Wash., waterfront mansion that was submitted by AOL family member Mercer Island Patch last week. The uber-luxurious home sold in late November for $13.25 million. That may seem like a whopping price tag, but believe it or not, it pales in comparison to the home's original ask.

This from Mercer Island Patch's Kendall Watson:

Another grand waterfront home on Mercer Island sold was sold last week, and local officials are hailing a series of major real estate sales in the past four months as a sign the local housing market is recovering.

The large waterfront home, located at 4137 Boulevard Place, sold for $13,250,000 million on Nov. 21, according to property records. The home was last listed with an asking price of $16,288,000 by Ewing & Clark Principal Broker Kris Robbs and was sold by Kathy Beckes with Coldwell Banker Danforth.

The seven-bed, eight-bath, 13,560-square-foot lakefront mansion was owned through a trust by David and Becky Sandwith, local residents who own a second, more modest home nearby. The home was originally put up for sale with an asking price of $28.8 million in 2010.

The buyer is a trust whose trustee is John R Tomlinson Jr., a partner of Seattle law firm Barokas Martin & Tomlinson and a litigator specializing in real estate, construction and business, according to the firm's website.

Read the rest of Mercer Island Patch's post on the home.

Click on the images below to see more homes for sale in Mercer Island, Wash.

Originally published