Current Topics Archives - Seattle Penthouse Condos

Very Special Seattle Penthouse Hits The Market

August 10, 2017 By jeffjreynolds Leave a Comment

Very Special Seattle Penthouse Hits The Market

Guys, you have to check out this Seattle Penthouse! I went through the Brokers open on Tuesday and was BLOWN away. The 3,919sf glass and concrete penthouse is incredibly updated with Venetian plaster walls, concrete floors and walls of glass. The penthouse is part of very special building designed in South Lake Union.

The building is called Art Stable and it was designed Olson Kundig Architects – Art Stable received a 2011 AIA Housing Award and was named residential architect magazine’s 2011 Project of the Year.

ThE steel, wood and glass staircase was amazing to see in person (see below). The architect seamlessly mixed a lot of different materials throughout the unit. It is very impressive. We’ve attached some photos for you to explore for yourself.

We expect this unit to join many other Seattle Penthouse units that will sell this year.
[Listing and photos c/o Avenue Properties]

See more photos here – Art Stable Penthouse

Concord Penthouse #7 Sells For $1,520,000, 16 Penthouse Sales In 6 Months

July 11, 2017 By jeffjreynolds Leave a Comment

Concord Penthouse #7 Sells For $1,520,000

You guys remember this penthouse condo at the Concord in Belltown? It just sold yesterday for $1,520,000 – the asking price was as high as $1,850,000 back in January of 2016. It has an interesting history in the last 3 years.

Sold in October of 2014 for $1,450,000
Listing For Sale in January 2016 for $1,850,000
Listed for rent in January 2016 for $7,500
Listed for Sale in July 2016 for $1,699,000
Removed from the market in December of 2016
Listed for sale in March 2017 for $1,699,000
Sold on July 10th, 2017 for $1,520,000

We showed the unit a number of times – it is a very cool corner unit with a massive rooftop deck and hot tub on the second floor above the master suite. Although it showed its age a bit, the unit was clean and had great space. The space is 1,727sf with 2 bedrooms and 1.75 baths.

The Concord is a great building as well. Built in 2000, the building has 206 units on 13 floors between the two towers (North and South). The amenities are rich – featuring 24 hour concierge, fitness center, sauna and spa, guest suites, business center and multiple outdoor terraces.

This penthouse is one of many that will sell in Downtown Seattle by year end – just in the last 6 month there have been 16 penthouse sales in Downtown Seattle.

Luxury High Rise Condo Rental In Bellevue, $20,000 Per Month

March 28, 2016 By jeffjreynolds Leave a Comment

Penthouse At One Lincoln Tower
650 Bellevue Way, Bellevue
Owner | undisclosed

Check this place out. It’s a new rental that just hit the market in Bellevue. Listed at a cool $20,000 per month. It is the penthouse at One Lincoln Tower – 2 bedroom, 2.5 bath with INCREDIBLE views. It has home automation, a massive luxury master suite and a beautiful custom kitchen.

The unit is 4,058sf with 2 parking stalls and storage. If you are serious about the space, there is a minimum 6 month lease term equaling $120,000.

Don’t expect an open house to check this place out – It’s by appointment only.

Interested? See more photos here.

[Listing courtesy of Moya Skillman)

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.

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

Pioneer Square Penthouse Loft Sells Off Market

March 24, 2015 By jeffjreynolds Leave a Comment

Our friends at UrbanCondoSpaces.com have sold another penthouse. This time in Pioneer Square. This top floor loft is located at 210 3rd Ave (The Lofts). It features original floors, vaulted timber beam ceilings and exposed brick and HVAC. The 1,886sf unit has west facing views and underground parking and storage. Sale price was $639,000.

Seattle Penthouse Condo Map

February 23, 2015 By jeffjreynolds Leave a Comment

There are currently 11 active penthouse condos in Seattle. They range from $985,000 t0 $6,599,000. We have thrown together a map with links for you to view on your own time. If you would like to be notified anytime a new penthouse hits the market, please feel to contact us and we will be happy to add you to our email list.

Demand For A Luxury Loft, Outweighs The Changing View

February 13, 2015 By jeffjreynolds Leave a Comment

Take a look through the window in the this photo – see the crane?

There is a building going in next door to this incredible top floor loft at 80 S. Jackson. That didn’t sway the opinion of the buyer who purchased the unit. It has a west facing view – often considered the most coveted view in Seattle. You get the water, the mountains and amazing sunsets. In addition to that, the viaduct, an above ground 2 story freeway along Seattle’s waterfront is coming down.

This is a prime example of Seattle growing up and attracting home owners and investors that are not just enamored with a particular view, but the surrounding neighborhood and the upside in living here in the City. Not all of the units views are changing – the owner will retain this amazing Seattle skyline view.

The unit sold for $24,000 below the asking price – $975,000. Pioneer Square is home to most, if not 80% of the lofts in Seattle. There are a few in Belltown and Capitol Hill, but most of them are found in Pioneer Square. This unit features 18 foot ceilings, exposed brick, and a private terrace.

Search Pioneer Square Lofts and Condos

View Pioneer Square Condos in a larger map

Escala Penthouse, 50 Shades of Grey Premiere

January 28, 2015 By jeffjreynolds Leave a Comment

Ok, so you have all heard the buzz going around about the 50 Shades of Grey movie premiere by now right? It will be released on February 14th (Valentines Day) and it has women all of the world clamoring to see the screenplay following a cult-like following of the book. The erotic drama written by E.L. James features a wealthy Christen Grey who owns a unit in Seattle’s Escala condo tower. It just so happens that one of the Escala’s penthouse units is still on the market. We have toured the space and its not just un-finished, but absolutely breathtaking. It sits 30 floors above ground level and has panoramic views of the city. It can be yours for $6,599,000

There have been recent developments of new towers being built up around the 2009 built luxury condo tower. For more information, read what UrbanCondoSpaces.com had to say about the building being surrounded.