Located on San Juan Island, a $5 million estate built by Edgar Stern extends over 14 acres with 967 feet of waterfront. Designed in 1989, the property used rare materials like virgin fir from 120-year-old trees. Originally listed in May 2023 for $10.9 million, the price dropped to $4.99 million before the owners decided to auction with no reserve. Despite its beauty and exceptional construction, the estate has struggled to attract buyers willing to meet its asking price.
The $5 million property, built by Deer Valley Resort developer Edgar Stern, features 14 acres and 967 feet of waterfront on San Juan Island.
Edgar Stern, who founded Deer Valley Resort, constructed the property in 1989, showcasing rare natural materials worth an estimated $15 million.
Initially listed at $10.9 million in May 2023, the home has undergone price reductions and is now going to auction with no reserve.
The estate offers breathtaking views and unique wildlife experiences, despite struggling to find a buyer willing to meet its initial price.
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