Another Mosler Lofts Penthouse!

You now have your pick of three penthouses at Mosler Lofts. You have the developer’s, Penthouse #2, that has been on and off the market for years. Penthouse #6 that hit the market this week. And now, Penthouse #1 that just hit the market today.

At $2.3m it is the priciest of the three. It is also the largest. 2,400 square feet, 2 beds, 3.25 baths. North west corner. WOW.

This penthouse last sold in 2010 for $1.5m. Which was a huge loss at the time since it sold brand new in 2008. The reason it sold at such a loss is that it’s owner from 2008 to 2010 was Mark Philips who was charged with fraud. We’ll be curious to see how close they get to selling it for $2.3m. Seems rich to us, but this market has surprised us before.

2720 3rd Ave Ph 1 Living Room Another Mosler Lofts Penthouse!

2720 3rd Ave Ph 1 deck Another Mosler Lofts Penthouse!

2720 3rd Ave Ph 1 Kitchen Another Mosler Lofts Penthouse!

2720 3rd Ave Ph 1 Living Room 2 Another Mosler Lofts Penthouse!

About Matt

Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

  • ThriveSeattle

    Hello Matt,
    Yes, this is a beautiful, signature piece for the true Northwesterner (long established or just settling into what our area is all about). Without getting into the affairs of the former owner, I can tell you this: The last acquisition was simply a phenomenal deal, made by a savvy businesswoman who was willing to step up when others were stepping down, willing to invest her time and energy into a deal that, on paper, seemed to have very little chance of succeeding. But…there’s still upside here. The building is coming into its own now, our market is hot and getting hotter (I’m sure you know the drill at Insignia), the home can still be customized by the next owner, and…there’s simply nothing like this home in all of Seattle.

  • phil

    I think that would be the west corner, Belltown streets are on the angle.

    Nice unit, though the bathrooms are a bit bland for the money. If you’re buying for the views…they could be seriously impacted in the near future.

  • http://twitter.com/mattgoyer mattgoyer

    I toured the units last week and according to the agent given the height of Mosler and the height of the zoning on the nearby lots, it shouldn’t be an issue.

  • phil

    Partly correct. The view through Seattle Center to the NW is clear at the current 85′ zoning and the slope of hill will mostly protect your view down to the tall Bay Vista building. Across 3rd Ave it’s zoned the same as the Mosler lofts, at 125′ and the existing buildings are ripe for redevelopment.

  • Jacob Engelstein

    anyone have understanding as to why all three penthouse units are up for sale at the same time?