Colacurcio house for sale again, this time with a price break
Four years after his death, the Lake Forest Park home of the late Frank Colacurcio Sr. — the onetime patriarch of an adult-entertainment empire — has been put up for sale. Again.
Seattle Times staff reporter
Newly re-listed: Private beach estate with nearly 4,700 square feet of living space, graced with indoor pool, wet bar, sauna and sliding wall of glass leading to wraparound deck offering sweeping views of Lake Washington and the Cascades.
New price: $995,888.
Additional features: Gated entry. Circular driveway. Security system.
Oh, and the former residence of Seattle’s notorious strip-club king.
Four years after his death, the Sheridan Beach home of the late Frank Colacurcio Sr. — the onetime patriarch of an adult-entertainment empire whose organized-crime exploits spanned more than half a century — has been put up for sale. Again.
The renovated midcentury-modern rambler has been listed, delisted and listed again in recent years, originally offered for $1.125 million in 2012. Under the latest offering, its price has been cut by nearly $130,000.
Since its May 1 re-listing, the three-bedroom, 4.25-bathroom house in Lake Forest Park has drawn a steady stream of interest in Seattle’s increasingly hot real-estate market, said Kim-Ho Barnes, the home’s listing agent.
But so far, it has attracted no buyer.
“It’s not an everyday house that someone just walks in and pays cash for,” said Barnes, a Bothell-based Windermere Real Estate agent. “It’s different from any other home down there. It’s definitely unique.”
The strip-club mogul’s million-dollar manse avoided federal forfeiture in the thick of a legal minefield surrounding Colacurcio during his final months of life.
In June 2008, the FBI, IRS and local police raided the then-90-year-old Colacurcio’s home and other properties, after a two-year undercover investigation built a federal Racketeer Influenced and Corrupt Organization (RICO) case against him and his associates.
A year later, a grand jury indicted Colacurcio; his son, Frank Colacurcio Jr.; and four associates involved in operating four Western Washington strip clubs. The indictments alleged Colacurcio Sr. and the others conspired to use the clubs as fronts for prostitution and money laundering.
Authorities pursued the case, in part, to dismantle Colacurcio’s syndicate — a target of law enforcement for decades — by seizing his clubs: Rick’s in Seattle; Fox’s in Parkland, Pierce County; Honey’s in Everett; and Sugar’s in Shoreline.
While under indictment in February 2010, Colacurcio Sr. drew up his final will. It arranged for all of his properties and assets — other than a Rolex watch bequeathed to longtime sidekick Gil Conte — to be placed in trust “for the sole use, benefit, and enjoyment of Frank Francis Colacurcio, Jr.”
About four months later, the 93-year-old died.
“His personal residence was not part of the (RICO) case, and he died while under indictment before the case was resolved,” said Emily Langlie, a spokeswoman for the U.S. Attorney’s Office in Seattle.
Shortly before his father’s death, Colacurcio Jr. struck a plea deal to serve a year and a day in prison. He also agreed to forfeit cash and properties — including his stake in the strip clubs — collectively valued at about $9 million, the FBI has said.
Meantime, the Sheridan Beach house was placed in trust, with Colacurcio Sr.’s ex-wife, Jackie Colacurcio, named as the estate’s executor, records show.
In January, the IRS filed a lien for $740,583 of unpaid income taxes against Colacurcio Jr., whose sentence bars him from “employment in any adult entertainment enterprise in the state of Washington” during a three-year period of supervised release after his prison term.
As part of his sentence, Colacurcio Jr. also was required to forfeit $1.3 million in cash by January, though court records show no indications he has satisfied that payment.
Neither Colacurcio Jr., who was released from prison in October 2011, nor Jackie Colacurcio would comment for this story. Colacurcio family members and associates have long disputed law-enforcement and media accounts of them as biased mischaracterizations.
Colacurcio Sr. had owned the home on Bothell Way Northeast since the 1960s. Originally built in 1961 and renovated in 2004, it features two master bedrooms, including his spacious main-floor bedroom with lake views.
Hours after prosecutors unsealed the grand jury’s indictment in 2009, a frail Colacurcio Sr. lounged in a bathrobe on a leather chair in the bedroom, watching cable TV.
“At this age, nothing surprises me,” he said, when told of the charges against him. “That’s a lot of malarkey.”
Colacurcio Sr.’s notoriety dated to at least the 1950s, when he was identified as a racketeer to a U.S. Senate committee by a Portland crime figure and accused of using strong-arm tactics to control Seattle’s pinball and cigarette-vending trade.
In the 1960s, he opened Seattle’s first topless club, the Firelite Room downtown, and he regularly delivered bags of cash to police as part of the so-called “tolerance policy” to keep his rackets running.
Authorities allege Colacurcio eventually operated topless bars and strip clubs in 10 states. He served prison stints for racketeering and tax fraud in the 1970s and 1980s. He and his son re-emerged in headlines in 2003 at the center of a City Hall campaign-contribution scandal dubbed Strippergate.
Sale of the Colacurcio home will mark the end of an era. It’s the last among three prominent Colacurcio-owned properties along a stretch of Highway 522 between Lake City and Lake Forest Park that marked senior’s latter-day stomping grounds.
Rick’s strip club still operates, but under different ownership, and the building that for years housed Colacurcio’s Talents West administrative offices is now home to a medical-marijuana dispensary.
Whoever eventually buys the house won’t have access to facilities at the nearby Sheridan Beach Community Club until Colacurcio Sr.’s nearly $3,500 in overdue club fees, plus interest, are paid off, a public notice filed in December by beach-club officials says.
This story contains information from The Seattle Times archives.
Lewis Kamb: email@example.com or (206) 464-2932. Twitter: @lewiskamb