Meydenbauer: Bellevue's original waterfront
The bay-view streets above Meydenbauer Bay Park hold Bellevue's oldest waterfront homes and some of its newest executive buyers, a few blocks from Old Main.
Two kinds of owners
Meydenbauer mixes long-tenured owners, many with decades of embedded appreciation and estate exposure above the $3M exclusion, with incoming executives rotating equity compensation into property. The first group needs valuation and titling review; the second needs entry into a market where the best view streets rarely list publicly.
What moves value here
View corridor and slope determine price more than square footage. The walk to Old Main and Meydenbauer Bay Park carries a real premium, and the neighborhood's whaling-fleet history still shapes its street grid. Downtown Bellevue's growth sits one ridge away, close enough for convenience, far enough to keep the streets quiet.
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
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.
How is the view premium established without recent comps?
By valuation work, not averages: recent private trades, slope and view mapping, and what qualified buyers have actually paid for comparable sightlines. I document it so the number holds up.
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