Very sad news from The Seattle Times.

“Even the wealthiest residents are having a rough time in the Seattle area’s real estate market.

Hitting the market at $85 million in 2022, Bruce McCaw’s Hunts Point mansion was once the most expensive home for sale in Western Washington. The telecom magnate and his wife, Seattle-area philanthropist Jolene McCaw, sold the home last week for $38 million — $47 million under its original asking price and $16 million under its assessed value. 

. . . The home stands out among Hunts Point’s collection of luxury waterfront homes. The 12,600-square-foot mansion contains five bedrooms and 10 baths, while the property holds a beach house, a staff house, a cabana, a tennis court, a pool and plenty of space for a seaplane and a yacht.”

Related. I’m always frustrated when I buy a house only to learn afterwards that there’s not room for the seaplane and yacht.