One of Hunts Point’s flashiest waterfront spreads has quietly changed hands. Bruce McCaw has sold his sandstone-and-glass estate on more than four acres of Lake Washington shoreline in a private deal that closed this week for about $38 million. With multiple outbuildings, a private dock and all that frontage, the transaction ranks among the Puget Sound region’s largest single‑home closings in recent years.
As reported by the Puget Sound Business Journal, the Hunts Point estate sold on Thursday in a quiet, off‑market transaction for roughly $38 million. Separate reporting from a secret $14 million splash noted that the buyers had recently completed an off‑market sale of a Laurelhurst lakefront property for about $14 million, positioning them to move quickly on a new trophy shoreline address.
What the estate includes
According to The Real Deal, the gated compound spans more than four acres of shoreline and comes with a dock sized for large yachts, a beach house, staff quarters and a pool cabana. The primary residence itself measures in the neighborhood of 17,000 to 17,600 square feet. Those amenities helped justify the property’s eye‑popping asking price when it first hit the market in 2022.
From record ask to a private close
The estate initially landed on public listings with an $85 million asking price, a figure that turned plenty of heads before reality and the market intervened. The Puget Sound Business Journal later reported that the price had been trimmed to $58 million in August 2024 as the sellers and brokers retooled the offering and shifted strategy. That path, from a headline-grabbing list price to a quieter, lower negotiated closing, has become increasingly common in the region’s top‑tier bracket, where many of the biggest deals never hit the open market.
Who bought it and what they sold
The buyers have not been publicly identified in filings, and no names have surfaced in official records so far. Reporting indicates the purchasers recently sold a Laurelhurst lakefront home in an off‑market deal for roughly $14 million, a move that freed up considerable cash for their Hunts Point upgrade. Earlier this month, an off‑market Laurelhurst flip highlighted that private trade, which helps explain how the new owners were positioned to acquire a trophy Hunts Point parcel. No immediate statements from the parties or listing agents were available at the time of the reporting.
Why the sale matters
Quiet, high‑dollar closings like this one set private pricing benchmarks in enclaves where owners value discretion as much as square footage. Coverage in outlets such as The Real Deal shows Hunts Point among the Puget Sound neighborhoods still transacting at the very top of the market. For trophy waterfront sellers, the lesson is familiar: splashy public asking prices grab attention, but it is the negotiated, often off‑market deals that quietly reset the real comparables.
