Jay Kipp Closes Historic Sale At West Bellevue’s Château De Chêne

By Alyssa Morrison |

On the shores of Lake Washington, a Realogics Sotheby’s International Realty global real estate advisor has closed one of the most expensive home sales of the year. Château de Chêne was sold by RSIR broker Jay Kipp for $22.75 million.

“Representing such an important property is a true honor. The home’s previous stewards had a vision for extraordinary living on Lake Washington that they brought to life in this unique home,” says Kipp. “I’m thrilled for my clients, as well as the estate’s new owners and the memories they will make here.”

The sale of the home is the second highest in the state of Washington to date in 2021. It is the most expensive waterfront home to be sold in the city of Bellevue ever. Before the closing, the most expensive waterfront property in the city had sold for $14.75 million.*

The home’s moniker, Château de Chêne, is a French nod to an old Oak Tree at water’s edge. The estate was built by Diane Foreman, business and community leader who founded Columbia West Properties, and Richard Foreman, an attorney and three-time mayor of Bellevue. Diane Foreman passed away last April.

Occupying its own peninsula along Lake Washington, Château de Chêne stands as one of the most exceptional waterfront properties in the region. Its sublime Mediterranean residence of over 8,100 square feet is situated to graciously interact with its level, park-like grounds. With 336 feet of Lake Washington waterfront and two docks offer water-level views of a constantly changing array of wildlife, boat traffic, and passing kayakers, and the estate offers a front-row seat to Lake Washington’s most storied events.

The estate was designed by Bob Whittaker, and in a coincidence that brings the stewardship of this extraordinary home full circle, Whittaker’s wife represented the buyers in the closing.

The home was featured in The Puget Sound Business Journal when it was listed and the sale was featured in The Wall Street Journal upon closing, the former including a conversation with Michelle Foreman Barnet, Diane and Richard Foreman’s daughter.

Realogics Sotheby’s International Realty is thrilled to congratulate Jay Kipp and his clients on this extraordinary sale!
*Data courtesy American Title, July 2021