Executive Summary
- A Bellevue waterfront estate listed for $79 million remains on the market, making it the most expensive public listing in the Pacific Northwest.
- Designed by Tom Kundig, the 16,284-square-foot home sits on 3.37 acres and includes luxury amenities such as a 10,000-bottle wine cellar and a lakeside pavilion.
- The property’s extended listing time reflects a broader cooling trend in the national ultra-luxury housing market, contrasting with the more stable general Bellevue market.
A sprawling Bellevue lakefront estate, listed for $79 million on June 16, 2025, remains on the market, holding its position as the most expensive home publicly listed in the Pacific Northwest. The property’s extended time on the market reflects a broader cooling trend observed in the ultra-luxury housing sector, despite modest growth in the general Bellevue market.
Property Details and Market Context
Located in the 98004 zip code, the estate, known as “Triptych,” was designed by architect Tom Kundig and completed in 2016. It features six bedrooms and ten bathrooms across 16,284 square feet of living space. The residence is situated on a 3.37-acre lot that includes 434 feet of flat waterfront on Lake Washington. Key amenities include a lakeside pavilion, a swimming pool, a detached gym, a 10,000-bottle wine cellar, and integrated smart-home technology.
The listing price stands in stark contrast to the broader local market. According to Zillow data, the average home value in Bellevue is approximately $1,463,126, a 1.3% increase from the previous year, with homes typically going under contract in about 28 days. The $79 million price point places this property in a niche category, subject to different market dynamics.
High-End Market Slowdown
The estate’s status highlights a nationwide slowdown in the luxury housing market, which has recently seen an increase in inventory and slower price appreciation. The combination of its significant price and the shifting high-end market conditions are considered factors in why the property has not yet found a buyer. The listing is managed by Tere Foster and Moya Skillman of Compass.
