$12 Million Dollar Penthouse

Edward Krigsman at ek gave me the heads up about a $12 million dollar penthouse not on the MLS, Market Place Tower Penthouse.

3 beds, 3 baths, 4,663 square feet, 2,711 square foot terrace

373710912 KJ4dy S $12 Million Dollar Penthouse

Looking down at the unit:

373710854 A58QC S $12 Million Dollar Penthouse

While I hope to tour it soon I have spoken to someone who has. They said it’s amazing but that it is going to be a very particular buyer who buys the place; apparently it is very modern. But at $12 million dollars you will need a buyer with at least A LOT of money.

So how many units sell in this price range? Through the MLS only one has sold for $5 million plus since January 1st of 2007. That was a unit at Hotel 1000/Madison Tower and sold for $9 million.

About Matt

Matt , Urbnlivn's publisher, has a love for lofts, floating homes and mid-century moderns.

For years Matt resisted becoming a real estate agent preferring to be an executive in the startup world but he recently caved in the spring of 2014 and became an agent.

You can also find Matt on Twitter or skiing.

  • no one

    Didn’t one of the Nordstroms live there?

  • no one

    Didn’t one of the Nordstroms live there?

  • JJ

    The Nordstrom’s live in the building, but the penthouse was bought and renovated by Rob Glaser, CEO of Real Networks in 1998.

  • JJ

    The Nordstrom’s live in the building, but the penthouse was bought and renovated by Rob Glaser, CEO of Real Networks in 1998.

  • no one

    ah.. then perhaps it was the one that Paul Brainerd (founder of Aldus) had at one time?

  • no one

    ah.. then perhaps it was the one that Paul Brainerd (founder of Aldus) had at one time?

  • EconE

    A little late to the game Matt. Someone already blogged about this many moons ago. Did you notice that a three of the seven units in that building are owned by… *gasp*…banks?

    Oh…yeah…and the $8 mil+ sale wasn’t in Madison Tower/Hotel 1000 either.

    Show me a $9 mil sale at the Madison Tower.

    Lots of flippers at Madison Tower too!

    Don’t worry…I don’t mind fact checking for you!

  • EconE

    A little late to the game Matt. Someone already blogged about this many moons ago. Did you notice that a three of the seven units in that building are owned by… *gasp*…banks?

    Oh…yeah…and the $8 mil+ sale wasn’t in Madison Tower/Hotel 1000 either.

    Show me a $9 mil sale at the Madison Tower.

    Lots of flippers at Madison Tower too!

    Don’t worry…I don’t mind fact checking for you!

  • vc

    Glaser huh? I like his style.

    It should be possible to achieve these views and this level of finish in a much smaller space at a much smaller price. $12M is pushing it in Seattle.

  • vc

    Glaser huh? I like his style.

    It should be possible to achieve these views and this level of finish in a much smaller space at a much smaller price. $12M is pushing it in Seattle.

  • http://twitter.com/mattgoyer mattgoyer

    EconE, I’ve been had? How long has this unit been “for sale”?

    When I have a second I’ll dig into the Madison Tower sale and let you know what unit(s) it was.

  • http://blog.mattgoyer.com Matt

    EconE, I’ve been had? How long has this unit been “for sale”?

    When I have a second I’ll dig into the Madison Tower sale and let you know what unit(s) it was.

  • EconE

    Matt…the unit was blogged by a different realtor not so long ago. Last few weeks or so. It had a link to the website also. I can’t find the post so it must have been taken down. Go figure.

    I’ve already dug into the Madison Tower sale. Nothing to see there other than Realtors trying to off their flips as far as I’m concerned.

    They really should thing about lowering their prices. You know…that whole ugly wall street thing as of late. Kinda telling dontcha think?

    But then again…condos have nothing to do with economics…and never bubbled in price…right?

    The 8+MM sale was the penthouse at One Pacific Tower if I remember correctly.

    And what’s the deal with Redfin still listing commercial sales as condo sales?

  • EconE

    Matt…the unit was blogged by a different realtor not so long ago. Last few weeks or so. It had a link to the website also. I can’t find the post so it must have been taken down. Go figure.

    I’ve already dug into the Madison Tower sale. Nothing to see there other than Realtors trying to off their flips as far as I’m concerned.

    They really should thing about lowering their prices. You know…that whole ugly wall street thing as of late. Kinda telling dontcha think?

    But then again…condos have nothing to do with economics…and never bubbled in price…right?

    The 8+MM sale was the penthouse at One Pacific Tower if I remember correctly.

    And what’s the deal with Redfin still listing commercial sales as condo sales?

  • Brian

    EconE, Wendy blogged this http://www.seattlecondoreview.com/2008/07/ultra-high-end.html at the end of July. There’s a nice photo gallery too.

    While it’s a fancy unit, in a good location, with a great view, I think it’s a $6 million property. But rich people are funny and if someone falls in love with it Rob might get his $12 million.

  • Brian

    EconE, Wendy blogged this http://www.seattlecondoreview.com/2008/07/ultra-high-end.html at the end of July. There’s a nice photo gallery too.

    While it’s a fancy unit, in a good location, with a great view, I think it’s a $6 million property. But rich people are funny and if someone falls in love with it Rob might get his $12 million.

  • Matt the Engineer

    Modern? It’s Wynand’s penthouse in Ayn Rand’s Fountainhead (1943).

  • Matt the Engineer

    Modern? It’s Wynand’s penthouse in Ayn Rand’s Fountainhead (1943).

  • jo

    EconE – not all of us have a six monitor setup which refreshes all the local Seattle condo blogs every 30 seconds.

    Thanks for posting it Matt

  • jo

    EconE – not all of us have a six monitor setup which refreshes all the local Seattle condo blogs every 30 seconds.

    Thanks for posting it Matt

  • EconE

    Jo

    are you being a little bitch again?

  • EconE

    Jo

    are you being a little bitch again?

  • marksparky

    I office in that building below the condos….the management for the building are conceited asses.

  • marksparky

    I office in that building below the condos….the management for the building are conceited asses.