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Million dollar re-model at Monique Lofts

By November 18, 2007

Monique Lofts

Have a $1 million to spend on a gorgeous Capitol Hill Monique Loft?

This isn’t any old Monique Loft with flexing plywood floors and a mini kitchen. This unit was purchased on 05/24/2006 for $501,500 and the owner has apparently put $300,000 worth of renovations into it. The marketing description lists many of the new features:

Spacious & inspiring living space w/ industrial & modern Italian design. Huge exposed old growth beams, steel, exposed concrete wall, floating VG fir stairs, industrial white epoxy floors, & chic Italian design w/ Poliform Varenna Kitchen, Antonio Lupi bath fixtures, Waterworks bathtub, custom steel stairs and so much more.

They had an unannounced open house today and I stopped in to see it and it is as nice as it sounds. Amazing kitchen, spacious, spare bedroom and den. Plus it looks like it has never been lived in post-model. The agent showing the place mentioned that HGTV and the Seattle glossy mags were wrangling for stories on the place. It really is that nice.

Will they clear $200,000 on this flip? It’s narrow, south facing, not much of a view, few windows but impeccably designed.