Offer Arrives Quickly for Bill Gates' $5M Washington Home – Realtor.com News

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Well, that was fast.
Bill Gates has accepted an offer less than two weeks after listing a midcentury modern home in Medina, WA.
The residence, which is just down the street from the Microsoft co-founder’s famed Xanadu mansion, was listed on March 29 for $4,988,800. The sale price has not been released.
Gates, who’s worth a reported $131 billion, picked up the property in April 2003 for $1,310,000.
(Realtor.com)
(Realtor.com)
(Realtor.com)
(Realtor.com)
The current list price breaks down to $2,053 per square foot for the relatively modest 2,430-square-foot home. Homes in the ultradesirable 98039 ZIP code have a median price per square foot of $1,400.
Of the 25 homes currently for sale in this ZIP code, a brand-new mansion just a couple of blocks away is listed for $23 million, or $2,476 per square foot. This means Gates and listing agent Debbie Walter priced his midcentury home just right, as evidenced by the speedy offer.
As we reported a few days ago, the waterfront home enjoys lovely views of Lake Washington from nearly every room.
The four-bedroom residence comes with private beach access as well as a Zen garden. Built in 1954, it features the clean lines and abundant windows you’d expect in a classic midcentury home.
Erik Gunther loves to talk about celebrity homes, luxury properties, and strange real estate stories. Send tips to erikg [at] yahoo.com
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