Dwayne Clark and his wife, Terese Clark, are selling their two-home property on Lake Washington, along with the adjacent land, for $71 million, according to a report by The Wall Street Journal.
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Clark → sell → Journal
If the 2.3-acre waterfront compound sells near the asking price, it could set a record for Pacific Northwest residential real estate.
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it → sell → estate
Last year, Jeff Bezos sold a mansion in the neighbourhood for a record-breaking price.
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Bezos → sell → price
In 2008, the Clarks purchased a 1.2-acre waterfront compound in Hunts Point, Bellevue, Washington, for $4.9 million.
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Clarks → purchase → million
They tore down the old cottage on the property and constructed a roughly 9,600-square-foot residence.
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They → tear → residence
About a decade later, they bought an adjacent 1.12-acre property for roughly $8 million, where they built a second home designed specifically as a wellness retreat.
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they → buy → retreat
The couple had a unique vision for their home.
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couple → have → home
Dwayne, 67, founder and CEO of senior-living company Áegis Living, and Terese, 66, a retired trauma nurse, wanted to create a space that reflected their shared love of travel, wellness and Italy.
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that → want → travel
People raised eyebrows when they built a piazza, an open courtyard enclosed on four sides and a feature of Italian architecture, at their waterfront home in Bellevue.
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they → raise → Bellevue
The structure didn’t make sense to some, as it is in one of Washington state's rainiest neighbourhoods.
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it → make → neighbourhoods
“People said, ‘No one has piazzas in Seattle,’” Terese told the WSJ.
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Terese → say → WSJ
But they did it anyway.
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they → do → it
The partly sheltered space allows them to enjoy the outdoors even when it is raining, and according to Dwayne, the piazza creates its own warmer ‘microclimate’.
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piazza → allow → microclimate
The couple's affection for Italy drove many of the design choices across their Hunts Point property.
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affection → drive → property
Over nearly 20 years, they acquired furnishings and décor from their travels, layering the European aesthetic into what would become their waterfront sanctuary.
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what → acquire → aesthetic
Over the two decades, the couple has invested about $50 million.
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couple → invest → million
“What we’ve tried to do is create our own Four Seasons resort,” Dwayne said.
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Dwayne → try → resort
Despite putting a lot of effort into their waterfront homes, the Clarks are now moving to a sunnier climate.
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Clarks → put → climate
They are hoping to relocate to Arizona, and Dwayne also plans to retire from his role this year.
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Dwayne → hop → role
They have listed their Bellevue home for sale.
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They → list → sale
If the sale closes near the $71 million asking price, it would establish a record for the region, listing agents Jay Kipp of Realogics Sotheby’s International Realty and Haleh Clapp of Compass told the publication.
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agents → close → publication
Jeff Bezos sold his Hunts Point mansion last year for $63 million, Kipp pointed out.
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Kipp → sell → million
What the buyer gets
Representative image generated using AI
The buyer gets 2.3 acres of Lake Washington waterfront with two Mediterranean-style residences connected by a bridge over a koi pond.
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buyer → get → pond
The main house spans roughly 9,600 square feet, with three bedrooms, a piazza and rooms filled with Italian furnishings collected over decades.
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house → span → decades
The second property, completed in 2024, functions as a dedicated wellness retreat with indoor and outdoor pools, a separate stone cottage and an attached garage that doubles as a ballroom for entertaining.
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that → complete → entertaining
Two private docks provide direct access to the lake.
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docks → provide → lake
The entire compound arrives turnkey, with curated décor and design elements sourced exclusively from Italy.
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compound → arrive → Italy
According to Dwayne, these two houses were a ‘labour of love’.
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houses → accord → love
Meanwhile, the Clarks also own a beachfront home in Santa Barbara, California, which they have listed for $44.999 million.
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they → own → million
They plan to relocate to Arizona, where they can pursue an active outdoor lifestyle with more consistent sunshine.
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they → plan → sunshine