5 Most Expensive Seattle Condo Sales 2017
Hot off the press. The 5 most expensive Seattle condo sales. I try to run this every year for you guys.
1. Millennium Tower Penthouse – $7,500,000
Coming in at number, 715 2nd Ave #2001 is probably the most fascinating of all the condo sales this year. You might have caught our post earlier in the year when it sold. It is A penthouse at Millennium Tower Condos in Seattle that finally sold after 3,597 days. It was purchased years ago by Seattle coffee mogul, Howard Shultz. It sat unfinished and finally find a buyer. It will be interesting to see what they do with the blank canvas, 19 floors above ground.
2. 1521 Second Ave Unit #3003 – $4,600,000
After just 2 days on the market, this luxury high rise unit at 1521 Second Ave flew off the shelf. Last purchased in 2009 for $3,412,552, the massive 2,656sf space found a new buyer in mid-September. 1521 is known for its killer location (1/2 block from Pike Place Market) and the building’s luxurious amenities. I mean, take a look at the view from the rooftop deck.
3. Madison Tower Penthouse – $4,000,000
Coming in at 3rd on our list is a penthouse at Madison Tower. This is a unit that we are very familiar with. In fact, we sold this particular unit in 2016 for $4,900,000. Just months later, that same owner, took a big loss on the property, listing it at $4.5M and eventually accepting a $4,000,000 offer. Our video for the property has nearly 8,000 likes on Youtube. That isn’t a huge surprise though, the unit is pretty special! Check it out!
4. Insignia Towers – 583 Battery St #4004 – $3,125,000
The 4th most expensive unit on our list is a 40th floor unit at Insignia Towers (South Tower). It ended up being a nice little investment for the owner. The unit was purchased for $2,782,000 in August of 2016. Then just a short 5 months later the owner of the sky high unit sold it for $3,125,000 – $343,000 gross return on his investment. We were the first to announce when Insignia was coming to town. We broke the story in March of 2012. Lastly, we recently sold a unit in the building – check out the video we put together for the sale.
Last on our list is unit #2704 at Escala. Now famous for being featured in the uber popular 50 Shades of Grey, this Seattle building is about as luxury as they come. You take an elevator directly to your own private vestibule. The project was developed by John Midby who had a history of building Las Vegas hotels. It cost in excess of $370 million to build and had a storied past.
In March of 2013, unit 2704 sold for $1,824,000. Just 4 years later, it commanded a $2.9M price. Selling at nearly $1,200 per square foot.