Less than one full day after this architecturally pedigreed Washington State house first popped up for sale, the stunning gem on the edge of Medina’s exclusive Evergreen Point peninsula — the same neighborhood where Jeff Bezos and Bill Gates own homes — entered escrow to be sold for the first time ever, and for a whopping $20 million.
Records reveal the fast-acting buyer is an LLC tied to Tim Panos, a principal at Seattle-based real estate developer Panos Properties, which owns and manages a vast portfolio of retail and commercial holdings. Panos agreed to pay an impressive $1.5 million over the listing price for his new midcentury digs, and it’s no surprise why — the house happens to be sandwiched between two Evergreen Point homes he already owns.
Built in the early 1970s, and owned by the same family for the past five decades, the alluring wood and stone structure was designed by the late architect Harold “Hal” Levitt, who was best known for crafting Los Angeles homes for the likes of Olivia Newton John, Burt Lancaster, Dean Martin and Debbie Reynolds. Resting along 115 feet of waterfront footage and sporting a brand-new dock, the lushly landscaped parcel spans around one-third of an acre, and is laced with specimen-planted gardens and a century-old Japanese maple. There’s also an inviting pool winding its way beneath and around the single-story house.
Once inside, three bedrooms and a matching number of baths are spread across a little more than 4,300 square feet of meticulously preserved living space boasting a mix of terrazzo floors and carpeting throughout, plus floor-to-ceiling walls of glass providing sweeping vistas of Lake Washington and city lights of Seattle on the adjacent shore.
Highlights include a spacious family room featuring a seated wet bar and metal-hooded fireplace embedded into a stacked-stone wall, and galley-style kitchen outfitted with square-tiled countertops and backsplash, vintage stainless appliances and a breakfast nook. There’s also a formal dining room displaying a floating sideboard topped by a snazzy mercury mirror-embellished wall and two-way fireplace that connects to the sunken living room; and elsewhere is an office space, and a master retreat spotlighted by a window-lined seating area and bath hosting a spa tub with a view.
The listing was held by Anna Riley and Denise Niles of Windermere Real Estate/East. According to Riley, the house is the only Hal Levitt-designed residence in Washington.