Next Downtown Seattle Condo Project, Coming Soon

IMG_4834

Recognize this site? It is 2nd and Virginia in Downtown Seattle. It sounds like it may become the next location for a new Seattle condo project - breaking ground as early as this summer. The Developer, Claudio Guincher of Continental Properties recently purchased the site for $16,000,000. His previous projects include the Cosmopolitan, Vik in Ballard and the Metropolitan … [Read more...]

Views Are Changing For Condo Owners In South Lake Union

New Amazon_Purchase_web

As a Greek philosopher once said, "The only constant is change".  As a condo owner you have to be prepared for it. Views change from time to time and change is coming to South Lake Union. You may have caught word that Amazon is buying another block of the Clise Properties. As you can see above and below, the block runs from 7th to 8th and from Blanchard to Bell.  This … [Read more...]

New Apartment Design Will Block Views For Belltown Condo Owners

Walton Lofts - Design Review ℅ VIA SCA_web

View Western and Vine Apartment Tower in a larger map There is a new apartment project that was submitted to Seattle design review on January 8th (see here) - Walton Lofts. This is another project by The Schuster Group (Mosler Lofts and Joseph Arnold Lofts). The proposed project has the potential to change the views of 3-4 condo projects in the Belltown neighborhood. As … [Read more...]

2 Monster Sales At Bellevue Towers, Totaling $4,125,000

Bellevue Towers Re-size

As a condo developer, you want to know the definition of a good day? How about selling $5,119,400 of inventory. Bellevue Towers just did it. Not bad huh? $4,125,000 of those sales were from 2 units -  on the 41st and 42nd floor. 4204 which is a split 2 bedroom penhouse sold for $1,850,000. It was previously listed as high as $2,999,000. 4102 which is a 3,561 sq ft unit … [Read more...]

View Condo Comparison – Bellevue and Seattle

Cristalla_Rooftop_ ℅ C Millan

  VIEW CONDO COMPARISON Let's look at view condos in 2 different markets - Seattle and Bellevue SEATTLE  How about this sale at Cristalla last week? Unit #1709 is a corner unit. It has west and south facing views with an outdoor deck. For 1,572 sq. ft. this unit seems to have it all. Island kitchen, bamboo floors, structural concrete accents, stylish lighting, … [Read more...]

Are Million Dollar Condos Selling In Seattle?

1521.Condos

  YES. Over the last 120 days, million dollar condos in Seattle are selling at a record pace. Nearly 4 units per month. In addition to the 14 sales,  6 other units are pending (under contract) as we speak. We'll focus on sold data.  Out of the 14 sales, the average square footage was 2,064. The lowest priced unit sold for $1,062,500 and the most expensive … [Read more...]

How Amazon’s New Development Could Impact Seattle Condo Views

How Amazon's New Development Could Impact Condo Views

I heard from a client of ours last week who was inquiring about how the new Amazon development could change the views at 2200 Westlake. I decided to do some research and as you can see, I was able to diagram some of the potential changes below. In my opinion, the biggest impact would be on the Southwest side of 2200 Westlake (photo 1), The South side of Enso (photo 2) and … [Read more...]

New Listing At McGraw Street Townhomes In Queen Anne

313406_14_0

There is a new listing at McGraw Street Townhomes in Queen Anne.  I've been a big fan of this project and have written about it in the past. A friend and client of mine purchased one of the 8 modern townhomes back in 2008. This particular end unit (560 McGraw) which happens to be one of the best units in the entire project was once listed for $659,950. Now priced at $499,999, I … [Read more...]

4.5 Million Dollar West Facing View

311189_1

Um.....Yeah. The list of incredible view units just grew by one. Check out this west facing view unit at One Lincoln Tower in Bellevue.  Originally bought in shell condition, it was creatively developed and is now listed for sale. How much - $4,500,000 (MLS #311189).  Its $4.5 million dollar price point puts the 3,000sf unit in exclusive company. There are only 12 units for … [Read more...]

Just Another Uber Cool Foreclosure, Unit #2101 Newmark Tower, (Pictures)

Newmark Tower Deck

It is Monday and yet again I have a great example of a foreclosure from last Fridays auction. Unit #2101 at Newmark Tower sold for $297,000.  The minimum bid was $263,500. In January of 2010 it was listed as high as $450,000. So when I saw that it was headed to auction, I had a gut feeling that it would appeal to the masses. Although small at 610 sq ft, it had gone through a … [Read more...]

Blog Feedback While On The Golf Course

Golf

I was reminded last week when golfing with a friend of mine that I have not spent enough time on the blog sharing my views on the Seattle real estate market. It has been easy in the last few months to post new listings and super good deals in the foreclosure scene.  In doing so, I have gotten away from sharing my views and opinions.  I love the feedback and encourage all of you … [Read more...]

Yes, Please. 2,000sf Rooftop Deck, Big Views and Outdoor Pool.

Exterior Twilight

Big views a massive rooftop deck (2000sf) and an outdoor pool are just some of the highlights at 2480 Crestmont Place in Magnolia.  As soon as I saw this place, I started this post. This contemporary home is quickly moving up the "I WANT IT" list.  At 5,700sf this 2007 build is a masterpiece. It has 5 bedrooms, 4.75 bathrooms and a 4 car garage. With city views like these who … [Read more...]

Queen Anne View Condo Selling At 67% Less Then 2006 Price

500 Elliott

It has been an active week for Seattle condo foreclosures.  Take a look at this one.  You'll probably recognize the building.  The unit going to auction is 561sf on the 4th floor (413). In August of 2006 this unit sold for $226,900. Today its auction price is $75,509. This is a 67% reduction in price from the last market sale.  For the investors out there, prices like these … [Read more...]

I Really Want This House

256981_2_1

When I saw the rooftop deck on this home in Leschi, I almost fell out of my chair.  There are a lot of cool homes in the city.  This particular home stood out to me for a number of reasons.  Stunning rooftop deck, a sexy exterior, big kitchen, large master and most of the rooms in the house feature a killer view of Lake Washington.  So whats the catch?  Nothing really.  In my … [Read more...]