
Seattle, WA 98119
This Luxury Penthouse represents a Strong Value Opportunity, listed at $1,250,000—positioned well above the $1,141,090 Fair Market Value by 9%. While priced at a premium, the property offers a Mint Condition Rating following a comprehensive, high-end remodel. Featuring panoramic skyline views, a chef's kitchen, and a private backyard garden, this residence provides a rare, turnkey lifestyle in Queen Anne. With no rental caps and short-term rental flexibility, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated, low-maintenance urban sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 525 W Prospect Street A Subject | $1,250,000* List Price | 2 | 3 | 1,454 | $785 | - |
A 1401 5th Avenue W 402 Pending | $949,000 List Price | 3 | 2 | 1,564 | $607 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1900, the property has undergone a high-end, comprehensive remodel within the last 5 years. It features a modern chef's kitchen with waterfall quartz countertops and premium stainless appliances, Carrera marble bathrooms, and updated recessed lighting and hardwood floors throughout, placing it in mint condition.
The penthouse offers unparalleled vistas of the Seattle skyline, Space Needle, Mount Rainier, and Puget Sound, significantly increasing its market desirability and prestige.
Unlike typical urban condos, this property features a professionally landscaped backyard garden and patio, providing the privacy and feel of a single-family home.
With no rental cap and short-term rentals permitted, this property offers exceptional flexibility for owners looking to generate significant income in a prime location.
Originally built in 1900, the property may require ongoing attention to aging infrastructure and structural elements despite its modern interior renovations.
The bonus room level includes a shared powder room and storage, which may slightly diminish the sense of total privacy for residents in this two-unit boutique building.
Perched above Queen Anne, this beautifully remodeled penthouse seamlessly blends modern luxury, sweeping panoramic views and an extraordinary backyard garden—an offering rarely found in Seattle. Located in an intimate boutique building of only two residences, it combines the privacy + comfort of a single-family home with the convenience of low-maintenance condo living in one of Queen Anne's most sought-after neighborhoods. Take in spectacular vistas of the Seattle skyline, Space Needle, Mount Rainier, the Olympic Mountains, and Puget Sound from the view deck, or unwind fireside while enjoying the same breathtaking backdrop. Inside, rich hardwood floors, Carrera marble bathrooms, and a beautifully remodeled chef's kitchen with waterfall quartz countertops, a gas range, and premium stainless steel appliances create timeless appeal. The luxurious primary suite offers a spa-like five-piece bath, Juliet balcony, and spacious walk-in closet, while a generous 2nd bedroom + stylish 3/4 bath complete the main level. Downstairs, Unit A includes a flexible bonus room (252 sq. ft.) ideal for a home office, media room, fitness space or private guest retreat, along with a shared powder room + extra storage. Outside, enjoy a backyard patio + professionally landscaped garden framed by incredible views. Just moments from Queen Anne's favorite parks, cafés, South Lake Union & Downtown, this exceptional home includes off-street parking, no rental cap, and short-term rentals are permitted.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,454 | 1,034.227 |
| Lot Size | 4,000 | 2,208.034 |
| Price | $1.25M | $552.8K |
| Price per sq ft | $860 | $559 |
| Built year | 1900 | 1997 |
| HOA | $500 | $311 |
| Days on market | 32 | 63 |
Aug 8, 2026
$1,250,000
Initial Listing