jeffjreynolds, Author at Seattle Penthouse Condos

Seattle Penthouse Selling For $1,850,000, Sold Last Year For $1,495,000

February 1, 2016 By jeffjreynolds Leave a Comment

Seattle Penthouse – Back On The Market

There is a Seattle penthouse currently on the market that may look familiar – it sold in June of last year for $1,495,000.

Now the owner is renting the penthouse condo for $7,500 or you have the option to purchase the top floor luxury space for $1,850,000.

We toured the condo last year when it was on the market. It has a spacious $1,727sf layout with 2 beds and 1.75 baths. The most stunning feature is likely the private rooftop deck with incredible views of the city. The unit is in the Concord Building in Belltown.

The Concord was built in 2000 and was designed by Driscoll architects. It features 2 towers, 13 floors and 206 units.

[Listing and photos courtesy of Christina Chong]

3 Penthouse Condos For Sale In Downtown Seattle

January 19, 2016 By jeffjreynolds Leave a Comment

Seattle has just 3 penthouse condos available for sale.

Madison Tower Penthouse
1000 1st Ave #2401
1000 1st Ave #2400

Fischer Studio Building Penthouse
1519 3rd Ave #701

We can’t imagine a time in our market where there would have been less inventory – especially the luxury market in general. There are just 10 units priced above $2,000,000 in Downtown Seattle right now.

Luxury Seattle condos have been in high demand – there have been 88 sales over $1,000,000 in the last 6 months.

Massive Seattle Penthouse Condo In Alki Reduces Its Price

December 18, 2015 By jeffjreynolds Leave a Comment

1661 Harbor Ave SW #600, Seattle, Wa

In the market for Seattle penthouse?

This 4,057sf West Seattle penthouse in Alki just reduced its price by $150,000. Its now listed at $2,350,000. For a 4,057sf penthouse, the dues are pretty fair. They are asking $1,238 per month or $.31 per month. That is quite a bit lower then units downtown that often require $.60 to over $1.00 per square foot.

Built in 1998, this offers 3 bedrooms, 3 bathrooms and some pretty incredible Sound, City and Mountain views. Last sales price – $3,614,500 in 2007. Yikes.

Want to see more photos? Click here.

3 Most Expensive Penthouse Condos In Seattle

November 30, 2015 By jeffjreynolds Leave a Comment

1) Four Seasons Private Residences Unit #1801– West Edge | Downtown Seattle
Asking Price – $7,155,000
Size: 4,488 | Price per square foot: $1,594
Bedroom: 2 | Bathroom: 2.5
See more photos

Number 1 on our list is unit 1801. It has some pretty incredible views. They include the Seattle Wheel, Puget Sound, Elliot Bay, the mountains and killer views of the city. We have been in this unit with one of our clients. Its pretty incredible. Four Seasons was built in 2008. The building offers all the modern amenities you could ask for. Including a hotel with 24 hour staff, infinity pool, spa, outdoor fireplace and a fitness facility.

2) Millennium Tower Unit #2001 – Downtown Seattle
Asking Price – $8,000,000
Size: 9,876 | Price per square foot: $810sf
Bedroom: tbd | Bathroom: tbd
See more photos

Coming in at 2 on our list is unit 2001 at Millennium Tower. This 9,876sf unit has been on the market for nearly 9 years. It offers INCREDIBLE views and a space that is ready for your imagination. It remains unfinished since the project was built in 2000. Once listed for as much as $10,000,000, the asking price of $8,000,000 has gone unchanged since May of 2007.

3) Madison Tower Penthouse – #2400/2401 – West Edge | Downtown Seattle
Asking Price – $9,990,000
Size: 6,758sf | Price per square foot: 1,478
See more photos

The most expensive Seattle penthouse on our list is near and dear to us personally. We have it listed for sale. Our team has been tasked with the job of selling the unit. The space is incredible. Madison Tower is a one of the most exclusive projects in the city. Just 47 units and this incredible penthouse space takes up the entire top floor. It has views from every room and the floor to ceiling windows do not dissapoint. See for yourselves. We’ve embedded the video made specifically for this exquisite space.

Madison Tower Penthouse | 1000 1st Ave #2400/2401 from Urban Condo Spaces on Vimeo.

$2.6M Capitol Hill Penthouse Goes Pending

November 19, 2015 By jeffjreynolds Leave a Comment

There is a beautiful penthouse on Capitol Hill that just went pending (under contract). It was on the market for just 60 days until a buyer was indentified. The Harvard area of Capitol Hill has always been a popular location with luxurious properties (both condos and homes). The asking price of this Seattle penthouse was $2,650,000 or 1,121 per square foot. It will be interesting to see what it sells for. Stay tuned.

See more details here

North Capitol Hill Penthouse, Listed at $2,575,000

November 12, 2015 By jeffjreynolds Leave a Comment

It’s not everyday in Seattle that you see a 3,491sf penthouse – 909 E Newton St #C-5 just hit the market for $2,575,000.

The Seattle condo offers 2 bedrooms, 2.5 bathrooms and some killer views. The building has just 9 units and was delivered in 1978.

See more photos here.

South Lake Union Penthouse Sells For $2,300,000

November 6, 2015 By jeffjreynolds Leave a Comment

A Seattle Penthouse at 2200 Westlake just traded for $2,300,000. It was on the market for just 38 days. It last sold in 2007 for $2,038,000. The unit has a great view and a spacious private terrace. It features 3 bedrooms, 2.5 baths and 2,216sf. The building shares space with the 5 start hotel – Pan Pacific. 2200 Westlake is often considered a top 10 project in Seattle. It is located at the epicenter of South Lake Union and benefits from its anchor tenant Whole Foods.

Price Reduced At Madison Tower Penthouse

October 31, 2015 By jeffjreynolds Leave a Comment

There is a price reduction at Seattle’s most exclusive address – 1000 1st Ave #2400/2401 The Penthouse At Madison Tower. There are just 47 units for sale in the building and this unit takes up the entire 24th floor.

Check out the video below – this isn’t your average Seattle condo.

Want to see more photos of the unit – click here.

Madison Tower Penthouse | 1000 1st Ave #2400/2401 from Urban Condo Spaces on Vimeo.

Zillow – Condos are Back – and Outpacing Single-Family Homes in Appreciation

October 27, 2015 By jeffjreynolds Leave a Comment

SEATTLE, Oct. 27, 2015 /PRNewswire/ — Condos are appreciating faster than single-family homes in markets across the U.S., especially where job markets are thriving or urban renewal is underway, according to the third quarter Zillow® September Real Estate Market Reportⁱ. Condos in the U.S. are appreciating at a rate of 5.1 percent, compared to the 3.7 percent appreciation among single-family homes.

Condo values crashed hard during the housing bust that kicked off the Great Recession. From the pre-recession peak to the lowest value, the median U.S. single-family home lost 20 percent of its value; from peak to bottom, the typical U.S. condo lost 33.2 percent of its value.

The housing market has since bounced back, and condos have finally caught up to other homes. In September, according to Zillow’s data, they are appreciating faster than single-family homes in nearly two-thirds of the top 35 most populated housing markets.

Condo values outpaced house values the most in the New York City metro area, in Dallas and Houston, and in Boston and Denver.

In Denver – one of the country’s fastest-growing housing markets – condo values are growing in value at an annual rate of just under 20 percent, while single-family home values are rising at 15.9 percent.

“The housing bust hit condo values hard, and over the past few years, buying a condo wasn’t always considered a good investment compared to a single family home,” said Zillow Chief Economist Dr. Svenja Gudell. “But that’s changing, and condos increasingly represent a strong-performing, often affordable choice, particularly for first-time buyers interested both in homeownership and in keeping a lower-maintenance, city lifestyle. However, as younger buyers compete for homes in urban neighborhoods, it’s important to consider some of the additional costs of condo life, especially homeowner association fees, when weighing options.”

In Philadelphia, a market where many renters say they want to buy, single-family homes dropped slightly in value year-over-year, but condos are growing at 2.3 percent.

But in Miami, where luxury condos have spread across the skyline and condos make up 63 percent of the housing stock, condo values are not rising quite as fast as single-family homes.

Metro Area	Condo ZHVIⁱⁱ	YoY change in condo ZHVI	Single-family home ZHVI	YoY change in single-family home ZHVI	ZRIⁱⁱⁱ	ZRI YoY change
United States	$191,300	5.1%	$181,500	3.7%	$1,386	3.7%
New York-Northern New Jersey	$505,900	8.3%	$371,100	1.1%	$2,405	4.1%
Los Angeles, CA	$439,800	-0.2%	$579,100	5.6%	$2,529	4.1%
Chicago, IL	$160,500	2.8%	$201,700	1.2%	$1,645	0.5%
Dallas-Fort Worth, TX	$137,300	20.1%	$174,200	14.9%	$1,502	5.1%
Philadelphia, PA	$118,200	2.3%	$226,800	-0.4%	$1,585	2.0%
Houston, TX	$108,900	13.6%	$170,000	9.0%	$1,570	5.8%
Washington, DC	$295,200	0.2%	$394,100	-0.9%	$2,113	1.8%
Miami-Fort Lauderdale, FL	$150,700	8.5%	$279,500	8.8%	$1,810	2.5%
Atlanta, GA	$143,600	8.7%	$166,000	5.4%	$1,302	5.7%
Boston, MA	$304,400	8.8%	$398,000	4.9%	$2,271	6.8%
San Francisco, CA	$575,200	13.5%	$805,300	12.0%	$3,348	13.3%
Detroit, MI	$150,200	6.9%	$114,700	6.2%	$1,124	5.8%
Riverside, CA	$227,700	3.0%	$300,200	5.7%	$1,699	3.3%
Phoenix, AZ	$136,500	6.8%	$222,300	6.9%	$1,277	5.3%
Seattle, WA	$275,800	10.5%	$376,400	8.0%	$1,936	7.7%
Minneapolis-St Paul, MN	$153,300	4.8%	$224,100	3.2%	$1,529	1.7%
San Diego, CA	$357,200	6.4%	$523,300	5.5%	$2,347	3.8%
St. Louis, MO	$122,400	6.3%	$140,600	6.8%	$1,159	5.0%
Tampa, FL	$101,000	8.8%	$168,200	7.5%	$1,311	4.5%
Baltimore, MD	$187,500	-2.3%	$246,200	-1.7%	$1,728	2.2%
Denver, CO	$200,700	19.7%	$338,600	15.9%	$1,964	11.5%
Pittsburgh, PA	$130,000	3.3%	$124,900	1.4%	$1,103	-3.8%
Charlotte, NC	$139,800	3.6%	$159,300	4.0%	$1,226	5.1%
Sacramento, CA	$205,800	7.5%	$343,700	6.1%	$1,676	6.6%
San Antonio, TX	$111,400	7.8%	$161,200	6.4%	$1,356	4.0%
Orlando, FL	$98,600	7.5%	$190,400	6.2%	$1,351	3.5%
Cincinnati, OH	$98,000	1.3%	$142,900	2.6%	$1,257	5.1%
Cleveland, OH	$91,400	5.9%	$127,500	2.8%	$1,166	1.1%
Las Vegas, NV	$112,700	9.3%	$214,000	7.4%	$1,226	3.5%
Columbus, OH	$104,200	4.0%	$159,400	5.3%	$1,290	3.4%
Indianapolis, IN	$108,800	2.0%	$130,000	3.7%	$1,189	1.7%
San Jose, CA	$637,000	13.0%	$984,800	12.9%	$3,422	9.1%
Austin, TX	$211,100	8.2%	$246,300	9.9%	$1,720	5.2%

Zillow
Zillow® is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the place they call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics and analytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housing data and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price Expectations Survey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow Home Value Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence in local housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z and ZG), and headquartered in Seattle.

Zillow and Zestimate are registered trademarks of Zillow, Inc.

ⁱ The Zillow Real Estate Market Reports are a monthly overview of the national and local real estate markets. The reports are compiled by Zillow Real Estate Research. For more information, visit www.zillow.com/research/. The data in Zillow’s Real Estate Market Reports are aggregated from public sources by a number of data providers for 928 metropolitan and micropolitan areas dating back to 1996. Mortgage and home loan data are typically recorded in each county and publicly available through a county recorder’s office. All current monthly data at the national, state, metro, city, ZIP code and neighborhood level can be accessed at www.zillow.com/local-info/ and www.zillow.com/research/data.

ⁱⁱ The Zillow Home Value Index (ZHVI) is the median estimated home value for a given geographic area on a given day and includes the value of all single-family residences, condominiums and cooperatives, regardless of whether they sold within a given period. It is expressed in dollars, and seasonally adjusted.

ⁱⁱⁱ The Zillow Rent Index (ZRI) is the median Rent Zestimate® (estimated monthly rental price) for a given geographic area on a given day, and includes the value of all single-family residences, condominiums, cooperatives and apartments in Zillow’s database, regardless of whether they are currently listed for rent. It is expressed in dollars.

SOURCE Zillow

Seattle Penthouse Listed At The Cosmopolitan, $1,275,000

August 19, 2015 By jeffjreynolds Leave a Comment

A penthouse was listed at the Cosmopolitan in the Denny Triangle. Last purchased in 2007 for $1,314,000, the 1,505 sq. ft. unit on the 33rd floor is pretty luxe. It offers Subzero, Wolf and Miele appliances and has pretty phenomenal views of Lake Union and the city skyline. Dues for the NW facing penthouse are $1,059 per month. The unit is being sold fully furnished. The asking price is $1,275,000

A penthouse was listed at the Cosmopolitan in the Denny Triangle. Last purchased in 2007 for $1,314,000, the 1,505 sq. ft. unit on the 33rd floor is pretty luxe. It offers Subzero, Wolf and Miele appliances and have pretty phenomenal views of Lake Union and the city skyline. Dues for the NW facing penthouse are $1,059 per month. The unit is being sold fully furnished.