Bainbridge Island, Wa Custom Home #2
Situated on an island 30 minutes from downtown Seattle, this house was designed, appropriately, in the spirit of Martha's Vineyard and includes many classic touches of northeastern seaboard architecture. The home is sited on a densely wooded lot and is stretched across its site to maximize daylight in every space. The open plan flows seamlessly from space to space while the main level Master Suite is tucked away in its own discrete wing. Upstairs, there are 2 large bedrooms, a full bath, office, and play space for children. A generous Bonus Room is located above the garage and is accessed via a private staircase. The expansive front yard provides enough distance between the house and street to appreciate the scale and dynamic forms of the roof lines and plan.
Of note is that this house and the Bainbridge Island Custom Home #1 project were both brought to the market at the height of the Great Recession. As credit markets seized and banks stopped lending, home buying ground to a standstill and house values fell some 30% in the Puget Sound. Of all the homes for sale on Bainbridge Island in 2010, these two were the only ones that sold at the $1 million+ price point for almost two years. Our developer client for both of these projects not only covered his cost basis in each project but actually managed to turn a small profit on each deal, proving that good design sells. The other 85 homes at this price point during this period languished and most eventually sold for less than their asking price.
Of note is that this house and the Bainbridge Island Custom Home #1 project were both brought to the market at the height of the Great Recession. As credit markets seized and banks stopped lending, home buying ground to a standstill and house values fell some 30% in the Puget Sound. Of all the homes for sale on Bainbridge Island in 2010, these two were the only ones that sold at the $1 million+ price point for almost two years. Our developer client for both of these projects not only covered his cost basis in each project but actually managed to turn a small profit on each deal, proving that good design sells. The other 85 homes at this price point during this period languished and most eventually sold for less than their asking price.
Project Year: 2007
Project Cost: $750,001 - $1,000,000
Country: United States
Zip Code: 98110