For nearly two decades, Dwayne and Terese Clark treated their waterfront property on Lake Washington less like a conventional residence and more like a private resort.
There is an Italian-inspired piazza designed for rainy Pacific Northwest days, a second residence devoted to wellness, a bridge spanning a koi pond, two private docks and an expansive garage that can transform into a ballroom. Together, the two properties form a 2.3-acre compound in Hunts Point, one of the Seattle area’s most exclusive waterfront enclaves.
Now, after investing approximately $50 million into the property over nearly 20 years, the Clarks are putting their creation on the market for $71 million.
If the estate sells near its asking price, listing agents Jay Kipp of Realogics Sotheby’s International Realty and Haleh Clapp of Compass have said the transaction could establish a new residential benchmark for the Pacific Northwest. The proposed price would be above the $63 million sale of Jeff Bezos’s Hunts Point mansion in 2025.
The listing comes as the Clarks prepare to relocate to Arizona. Dwayne Clark, founder and CEO of Áegis Living, has also said he plans to retire from his chief executive role this year.
A Lake Washington Compound Built Around an Italian Fantasy
The story of this Lake Washington home for sale begins in 2008, when the Clarks paid approximately $4.9 million for a 1.2-acre waterfront property in Hunts Point.
An older cottage occupied the site at the time. Rather than renovate it, the couple chose to start again, eventually creating a roughly 9,600-square-foot Mediterranean-style main residence with three bedrooms.
The design was strongly influenced by their affection for Italy.
The house incorporates materials and architectural elements sourced from around the world, including antique doors from Peru, Jerusalem stone from Israel, columns from Turkey and a sink from China. Terese Clark has described the couple’s habit of looking beyond conventional showrooms and discovering distinctive architectural pieces during their travels.
One of the property’s most unexpected features is its piazza, an enclosed open-air square more commonly associated with Italian towns than with the rainy shores of Lake Washington.
Friends questioned the decision.
“People said ‘No one has piazzas in Seattle,’” Terese recalled.
The Clarks built it anyway.
Partially protected from the rain, the courtyard became one of the defining spaces of the property. Dwayne Clark has said he believes the piazza creates a warmer “micro climate” than the area immediately outside the house.
For a couple who wanted to bring a sense of Italy to Washington, the feature was less an eccentric addition than a central part of the design philosophy.
Nearly 20 Years of Customization and a $50 Million Investment
The original 1.2-acre property eventually became only half of the Clarks’ vision.
Roughly a decade after their first purchase, the couple acquired the adjacent 1.12-acre parcel for approximately $8 million. That expanded the compound to about 2.3 acres and created the opportunity for a second residence.
The new house, completed in 2024, was conceived as a dedicated wellness retreat.
The two Mediterranean-style residences are connected by a bridge that crosses over a koi pond. Together, they create a private compound that combines residential space with amenities more commonly associated with a five-star resort.
Dwayne Clark summarized the philosophy behind the project succinctly: “What we’ve tried to do is create our own Four Seasons resort.”
That idea is particularly fitting given Clark’s professional background. He founded Áegis Living in 1997 and has spent decades working in senior living, where hospitality, wellness and the design of residential environments have been central to his career.
Clark’s own biography describes him as a longevity seeker and wellness advocate. He says he has traveled extensively with Terese to study different approaches to health, healing and longevity, an interest that ultimately found a physical expression in the second residence.
A Wellness Retreat With Its Own Resort-Style Amenities
The newer residence is arguably the most distinctive component of the compound.
The wellness house includes both indoor and outdoor swimming pools, a gym, sauna and steam room, along with spaces devoted to red-light therapy, massage and salon treatments.
The property also includes a bowling alley, music room, home theater and wine cellar with a dedicated tasting room.
Rather than treating wellness as a small corner of the house, the Clarks created an entire environment around it.
The architectural language remains Mediterranean, with stucco exteriors and tiled roofs. Inside, the palette of pale and soft blues was intended to evoke Capri, reinforcing the couple’s longstanding connection to Italy and the Mediterranean.
For buyers searching for a Lake Washington luxury estate, the distinction is significant. The property is not simply a large waterfront residence with a gym and pool. It was conceived as a compound in which recreation, entertaining, wellness and everyday living occupy separate but interconnected environments.
The Garage That Becomes a Ballroom
One of the property’s most theatrical spaces is attached to the second residence.
At first glance, it is a substantial garage. But with its smart-glass doors and oversized digital screen, the space can be transformed into a ballroom and entertainment venue.
The smart glass can switch between clear and frosted settings, while the large screen can display artwork, movies or sporting events.
The Clarks have used the space extensively for entertaining, including parties and charitable events attended by athletes, politicians and celebrities.
Terese Clark described the couple’s use of the space as involving “massive amounts of entertaining.”
The result is an unusual juxtaposition: a residential garage engineered with the flexibility of an event space, allowing the property to shift from private family compound to large-scale entertaining venue.
Two Docks and About 160 Feet of Lakefront
Beyond the architecture, the estate’s most valuable asset may be its relationship with Lake Washington itself.
The compound has approximately 160 feet of waterfront, along with two docks.
That creates direct access to the lake for boating and other water-based recreation while giving the residences a defining Pacific Northwest backdrop.
The Town of Hunts Point describes itself as a small residential community on the eastern shore of Lake Washington, immediately north of the SR 520 bridge. The municipality has just over 400 residents and emphasizes its combination of wooded surroundings, privacy, lake access and proximity to Seattle and the Eastside.
That setting helps explain why waterfront properties in Hunts Point occupy such a distinctive position within the region’s luxury real estate market.
The Clarks’ estate is also part of a community where large contiguous waterfront parcels are exceptionally limited. Listing agents have emphasized the rarity of the property’s combined acreage and its location within one of the region’s most expensive residential enclaves.
Hunts Point Offers Privacy Without Sacrificing Access
For all the resort-style amenities contained within the compound, the location is not remote.
Hunts Point sits between Medina and Yarrow Point on the eastern side of Lake Washington, with SR 520 providing a direct connection toward Seattle.
The town itself is primarily residential, which helps preserve its quiet, wooded atmosphere. Commercial amenities are more concentrated in nearby Bellevue and Kirkland, where residents have access to restaurants, luxury shopping, professional services and entertainment.
Downtown Bellevue is particularly important to the area’s lifestyle equation. Bellevue Square and the surrounding downtown district provide high-end retail, restaurants and everyday services, while the broader Bellevue area has developed into one of the major business and technology centers of the Pacific Northwest.
For dining, the Eastside offers everything from upscale steakhouses and seafood restaurants to international cuisine. Bellevue’s restaurant scene includes established destinations such as Daniel’s Broiler, Din Tai Fung and other high-end and casual options, while Kirkland adds another waterfront dining and retail district within a short drive.
Recreation remains equally central. Hunts Point’s waterfront setting provides opportunities for boating, fishing and water sports, while local parks and nature preserves contribute to the community’s unusually green character.
The town’s planning documents identify public open-space resources including the Wetherill Nature Preserve and D.K. McDonald Park.
A High-End Market Shaped by Seattle’s Wealth
The $71 million asking price also places the estate within the broader story of Seattle-area wealth creation.
Hunts Point has long attracted executives, entrepreneurs and other high-net-worth residents seeking waterfront privacy while remaining close to the region’s business centers.
Zillow’s July 2026 data put the typical Hunts Point home value at approximately $7.5 million, with values up about 1% over the preceding year. That figure covers the broader housing stock and should not be confused with the value of an ultra-luxury waterfront compound such as the Clarks’ estate.
The high-end market has also produced some notable transactions. Jeff Bezos sold his Hunts Point mansion for $63 million in 2025, according to listing agent Jay Kipp as reported by The Wall Street Journal.
Haleh Clapp has described Hunts Point as home to some of the region’s most expensive real estate, while the listing agents have pointed to the strength of the ultra-luxury market despite Washington’s new tax on incomes above $1 million.
Whether the Clarks’ $71 million asking price ultimately translates into a record sale remains a matter for the market to determine. For now, it represents one of the most significant residential offerings to appear in the Pacific Northwest in 2026.
The Clark Legacy Behind the Property
The real-estate story is inseparable from the people who created the compound.
Dwayne Clark founded Áegis Living after earlier experience in senior living with Sunrise Senior Living and Leisure Care. His company has grown into a major Western U.S. senior-living operator, and Clark has built a parallel profile as an author, philanthropist and advocate for wellness and longevity.
His professional philosophy helps explain why the Hunts Point compound places such emphasis on hospitality and wellness.
Áegis Living’s own materials describe Clark’s approach as centered on innovation, hospitality and improving the experience of aging. His personal website likewise identifies wellness, longevity, creativity and philanthropy as major themes of his work.
Terese Clark, a retired trauma nurse, shares her husband’s interest in wellness and travel. Together, the couple spent years collecting architectural elements and objects from their travels, gradually incorporating them into their Washington properties.
That history makes the estate feel less like a speculative development and more like a personal architectural project that evolved over time.
The couple also owns a beachfront property in Santa Barbara, California, which is currently listed for approximately $44.999 million. Their decision to leave Washington for Arizona therefore appears to mark a broader transition in their real-estate portfolio rather than a simple change of residence.
A Private Resort Waiting for Its Next Chapter
The Clarks have spent nearly two decades building a property around a very specific idea of luxury.
It is not simply about square footage.
It is the ability to move from a piazza inspired by Italy to a private lakefront dock, from a wellness retreat to a ballroom, from a swimming pool to a wine cellar, all without leaving the compound.
For the next owner, the $71 million offering represents the rare opportunity to acquire not just a Lake Washington home for sale, but an extensively realized private estate whose architecture, wellness facilities and waterfront setting were shaped by one family’s vision over almost 20 years.
Speaking to The Wall Street Journal, Dwayne Clark called the two residences a “labor of love.”
Now, as the Clarks prepare for their next chapter in Arizona, that labor is being offered to someone else.
californialuxuryhouses will continue to follow the property’s listing history and any subsequent sale or price change as the Hunts Point estate moves through the market.