When people talk about Seattle billionaires they don’t often mean Seattlebillionaires. Sure, former Starbucks CEO Howard Schultz still lives within the city limits, but our other famous three-point club members (is Bezos still four years old?) Actually reside in the suburbs. from Eastside. The Amazon founder owns a home in Medina, a small town on Lake Washington that’s still big enough that his world’s richest ancestor, Bill Gates, can also call home. And Steve Ballmer, former Microsoft CEO and current owner of the Los Angeles Clippers, recently bought another pad at Hunts Point.
These homes symbolize a larger real estate reality in the Puget Sound area: money often goes east. According to North West Multiple Listing Service, all of Seattle’s most expensive suburbs are in the Eastside, with one exception.
Somehow, this Lake Washington island has managed to get more expensive in 2020. The city of 25,000 has long been at the top of Washington’s wealthiest community lists; these days, his average home sells for almost $ 2 million. Here you can find woodland and waterfront properties, sometimes all in one: Deerwood Estate was listed in early 2021 for nearly $ 14 million.
Median selling price: $ 1.6 million
Bellevue (and points west)
The constellation of communities around Bellevue – Clyde Hill, Medina, Yarrow Point, Hunts Point – generally attracts the billionaire located west of I-405. But Bellevue in itself is a magnet. Unlike most places in Eastside, the city offers a variety of upscale condos to complement its more lavish homes. It is also more diverse than its neighbors.
Median Selling Price, West of I-405 / East of I-405 / South of I-90: $ 1.7 million / $ 900,000 / $ 900,000
Kirkland’s population and economy continue to grow, with Google and Tableau offices in Kirkland’s new urban development possibly a sign of further relocations for years to come. Prices here are up nearly 14% from 2019, though that number includes a slice of Bellevue next to the horse-friendly 489-acre Bridle Trails State Park.
Median Selling Price, Kirkland / Bridle Trails: $ 1,135,000
Big spenders can always head west. The only non-Eastside community on this list requires a ferry ride to and from Seattle, but in a world of more hybrid and remote work options, that might no longer be a home shopping factor. A variety of dining options and trails greet the new arrivals.
Median selling price: $ 906,000
Yes, there’s another placid body of water east of Seattle that’s lined with mansions. Sammamish Lake distinguishes a part of the Eastside known for its proximity to Microsoft’s headquarters. Slightly more homes sold here in 2019 than in 2020, but prices have risen significantly. Redfin shows his house here regularly sells for over $ 1 million.
Median selling price, east of Sammamish Lake: $ 898,637
Microsoft’s headquarters have given this suburb international fame for decades. Its prices remain high after all these years, and with the tram makes its way through the Eastside to Redmond in 2023, more can see the city as a place to rest.
Median Selling Price, Redmond / Carnation: $ 840,000