Hunts Point: fewer than 200 homes, most of them estates in both senses
A gated peninsula of waterfront and near-waterfront properties where transactions are rare, private, and large. When a Hunts Point property changes hands, the cause is usually a life event: an exit, a succession, a relocation.
Succession drives this market
Much of Hunts Point is multi-generational wealth. With the estate tax at a 35% top rate and no spousal portability, families holding $10M to $50M of waterfront face state exposure that a simple will does not address. The property inputs your attorney needs — a defensible current valuation, a clear picture of titling, an honest read on whether the next generation intends to keep the house — are what I provide.
When a sale happens
Hunts Point sales are discreet by necessity. Marketing is targeted rather than broadcast, buyers are vetted, and price discovery happens through relationships. Because real estate is exempt from the capital gains excise tax, the sale itself is clean at the state level, which often makes the property the most efficient source of liquidity a family holds.
Buying position
Inventory can be zero for quarters at a time. Serious buyers prepare in advance: funds structured and documented early, and a broker making quiet inquiries well before an answer is needed.
This is not tax or legal advice. Aditya Kasturi is a licensed real estate broker, not a CPA, attorney, or financial advisor. Figures are illustrative, based on Washington and federal law as understood at the time of writing, and laws change. Confirm any strategy on this page with your CPA and, where relevant, your estate planning attorney before acting.
Common questions
Can a Hunts Point property be sold without a public listing?
Yes, and many are. A quiet sale trades some price discovery for privacy and control. Whether that trade is worth it depends on the property and the family's goals; I can walk through both paths.
Does Washington's capital gains tax apply to selling my home here?
No. Sales of real estate are exempt from the Washington capital gains excise tax at any price. Federal rules, including the primary-residence exclusion, still apply. Confirm the details with your CPA.
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