Bezos Sells Seattle Mansion for $63M

Jeff Bezos has sold his Seattle mansion for a record $63 million, the most expensive home sale on record in the state. The sale of his Hunts Point mansion was recorded in King County property records.

The Amazon founder and his wife, Lauren Sánchez Bezos, had moved to Miami about a year and a half before the sale. Bezos now lives in a $237 million Miami compound.

The sale comes as Washington state introduces a new tax aimed at high earners. Governor Bob Ferguson signed a law that adds a 9.9% levy on household income above $1 million. The tax is set to begin in 2028, with the first payments due in April 2029.

The new tax will affect roughly 30,000 taxpayers and is Washington’s first income tax in more than 90 years. The state's high court had previously upheld a capital gains tax in 2023, which now runs as high as 9.9%.

## Why it matters The introduction of the millionaires tax in Washington state marks a significant change in the state's approach to taxation. The tax is expected to have a significant impact on high earners, including billionaires like Bezos. The fact that Bezos sold his Seattle mansion before the tax was introduced has raised questions about the potential impact of the tax on the state's economy and whether other high earners will follow suit.

The tax is also notable because it is the first income tax in Washington state in over 90 years. The state's voters will have the opportunity to decide whether the tax will survive, with Initiative 645 set to be put to a vote.

Bezos' decision to move to Miami and sell his Seattle mansion has also sparked interest in the potential implications for the state's economy. With the new tax set to begin in 2028, it remains to be seen how many other high earners will choose to leave the state or take steps to minimize their tax liability.