Home Finance Seattle Executives Trade Hunts Point Mansion in $23.5MM Deal

Seattle Executives Trade Hunts Point Mansion in $23.5MM Deal

Image courtesy of NWMLS

By Vladimir Bosanac

Housing transactions rarely make top news in The Registry’s overview of the regional real estate transactions, but when they hit in the tens of millions, it is worth noting just how high some property values have climbed across the region.

In a recently closed sale of 4335 Hunts Point Road, Michael and Alexis Rowell sold their 4,376 home overlooking Lake Washington for $23.5 million. The 4-bedroom, 5-bathroom house now belongs to Seattle-based Expeditor’s founder Peter J. Rose. The transaction closed on the 24th of September.

Expeditors is a logistics solutions global enterprise that Rose founded in 1979 before growing it to over 350 locations across over 100 countries. Expeditors also employs more than 18,000 people. The company now has regional headquarters in London, Dubai, Shangai and Singapore, according to the company’s website.

Rowell is the former CEO and founder of Seattle-based Assurance IQ, which was sold in 2019 to Prudential Financial for $2.35 billion. Assurance sold a variety of insurance products on the internet, and the Prudential deal gave it an additional $1.15 billion in cash and equity to meet its growth objectives, according to reporting by GeekWire.

The home was listed and sold by Tere Foster and Moya Skillman of Compass. It was built in 2016, and according to the listing features a west-facing view of Seattle and the Olympic Mountains. The home’s interiors open to an outdoor patio that features an infinity pool, terrace and lawn that will take the new owners to the shores of Lake Washington and private dock. The two-level house sits on a lot that is approximately 0.36 acres, and it represents one of the most exclusive addresses in the narrow peninsula of Hunts Point.