
Seattle, WA 98119
This Turnkey Penthouse represents a Strong Value Opportunity, listed at $1,250,000—positioned above the $1,148,241 Fair Market Value. While priced at a premium, the property offers an Excellent Condition Rating following a high-end remodel featuring Carrera marble bathrooms and a chef's kitchen. With panoramic Seattle skyline views, a private garden, and no rental caps, this residence provides rare income-generating flexibility. It is an ideal acquisition for Buy-and-Hold Investors seeking high-yield short-term rentals or Owner-Occupants desiring a luxury, low-maintenance lifestyle in Queen Anne.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 525 Prospect Street A Subject | $1,250,000* List Price | 2 | 3 | 1,454 | $790 | - |
A 511 W McGraw Street Pending | $998,000 List Price | 3 | 2 | 1,449 | $689 | 0.7 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. The kitchen features modern waterfall quartz countertops and premium stainless appliances, while the bathrooms utilize Carrera marble. The mint condition of the hardwood floors, fireplace, and custom built-ins indicates a move-in ready home with no immediate maintenance required.
The property offers breathtaking vistas of the Seattle skyline, Space Needle, Mount Rainier, and Puget Sound, providing a high-value aesthetic that is quintessential to premium Queen Anne real estate.
A comprehensive renovation features a chef’s kitchen with waterfall quartz countertops and Carrera marble bathrooms, offering a turnkey luxury experience that blends historic charm with modern sophistication.
With no rental cap and short-term rentals explicitly permitted, this residence provides rare versatility for high-yield income generation in a sought-after Seattle corridor.
Despite the modern interior updates, the 1900 construction year suggests potential long-term maintenance requirements for aging structural or foundational components typical of century-old buildings.
The 252 sq. ft. bonus room is located on a separate lower level from the main penthouse, which may pose a layout inconvenience for buyers preferring a unified single-level living experience.
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.
Jul 7, 2026
$1,250,000
Initial Listing