As most know location is the most important factor in real estate. Where you are sited on the island matters - see chart below for a comparison in home values.
Due to rarity based on prime location, privacy, iconic architecture, expansive views, lot size, dock size and deep moorage capability. All are factors into determining the extra-ordinary value of a property's worth.
Properties with an estate-like feel, additional privacy, comfortable access and ease of parking and offering a sunny exposure are all preferred sites.
Whether your home is land value, a new construction home, designed by an iconic architect or needing re-envisioning; knowing how to maximize the value begins on understanding the inherent design.
The type of dock you have; shared or private, available moorage, water depth, size of dock (average is 60-80ft), topography and annual maintenance are key elements in a pricing strategy for Mercer Island waterfront.
