Times of India·2 min read·medium

Washington couple’s $50M retreat on Lake Washington lists for $71M

T
TOI REAL ESTATE DESK
Washington couple’s $50M retreat on Lake Washington lists for $71M
AI Summary

Dwayne and Terese Clark are listing their two-home, 2.3-acre waterfront property on Lake Washington for $71 million, potentially setting a record for Pacific Northwest residential real estate. The couple invested approximately $50 million over two decades to create a unique retreat inspired by their love of travel, wellness, and Italy.

Why it matters

This article highlights a significant luxury real estate transaction, reflecting trends in high-end property markets and showcasing unique architectural and lifestyle choices of wealthy individuals.

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Dwayne Clark and his wife, Terese Clark, are selling their two-home property on Lake Washington, along with the adjacent land, for $71 million, according to a report by The Wall Street Journal. If the 2.3-acre waterfront compound sells near the asking price, it could set a record for Pacific Northwest residential real estate. Last year, Jeff Bezos sold a mansion in the neighbourhood for a record-breaking price.Lake Washington home is up for saleIn 2008, the Clarks purchased a 1.2-acre waterfront compound in Hunts Point, Bellevue, Washington, for $4.9 million. They tore down the old cottage on the property and constructed a roughly 9,600-square-foot residence. About a decade later, they bought an adjacent 1.12-acre property for roughly $8 million, where they built a second home designed specifically as a wellness retreat.The couple had a unique vision for their home.

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