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Saturday, October 5, 2024 |
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| Washington Mansion with Dale Chihuly Chandelier Finally Sells at 70 Percent Off |
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MERCER ISLAND (AP).- A Seattle-area mansion with an Egyptian-themed indoor pool and a 12-foot chandelier by glass artist Dale Chihuly has finally sold — for the bargain-basement price of $12 million.
The sellers put the 23,000-square-foot home on the market six years ago, and they initially listed it for $40 million. But the Mercer Island property didn't move, and The Seattle Times reports that an auction firm reduced the minimum bid on the property to $12 million in May.
The Puget Sound Business Journal identified the buyer as James Peter Edwards, the owner of Video Only, a Tukwila-based chain of electronics stores.
The sellers were Chuck and Karen Lytle, who founded the Leisure Care retirement-community chain. They're downsizing to an 11,000-square-foot waterfront mansion in Hunts Point, in Seattle's eastern suburbs.
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Information from: The Seattle Times, http://www.seattletimes.com
Copyright 2010 The Associated Press.
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