Not only is the building a knockoff of a knockoff (Italy via Vegas), it’s unbelievably shoddily constructed, which seems perfect. The building doesn’t even meet the ground squarely (see picture). When I Google its architects, I find a company called TSA, but clicking them I get “Not Found.” I also would vacate the premises if I were the architect of record on this building.

According to King County records the building, which was built in 2007, still has 4 units unsold. However, only one is on Redfin, 745 Bellevue Ave #305. $1.195m buys you 3 beds, 2 baths and 1,960 square feet.

If you think the exterior is bad, check out the staging!

While I think Bellagio is pretty bad, I’m sure there must be even uglier buildings in Seattle.

The 1611

Looking for an upscale condo in Madison Park? Check out #C at the 1611 (best name ever.) At $1,311 a square footage this place is only $2,350,000. One of only 3 units. Private elevator none-the-less.

Bellagio Holiday Price Cuts

I guess the Bellagio is finding that no one is visiting their listings because of blurry dark photography and decided to drop their prices, in one case $25,000, instead of hiring a photographer for $125/unit.

#203 went from $340,000 to $315,000.

#206 went from $528,000 to $510,000.

#103 went from $565,000 to $545,000.

Shame on you Urban Pacific Real Estate.

Mosler Flips

At close to $500/square foot both #314 and #411 are both nice spacious units though there is no view. Note that I find it disingenuous when listing agents include photos of the roof deck view.

Bonus Blurb: “The Seattle Streetcar begins its operations next Wednesday, December 12. Seattle Mayor Greg Nickels will host a ceremony starting at 11:30 a.m. that day and the first Streetcar will embark from the Westlake Hub at 12:12 p.m.”

25

Bellagio

Added 3 more units to the MLS for a total of 4. Their HOAs feel really low at $0.26/square foot.

Cosmo

28

Decatur

Decatur recently dropped prices on a number of units between $3k and $10k. Though oddly raised the price of #1306 $3k to $302,950 and #1007 $5k to $465,960

Equinox

Added 12 more units to the MLS for a total of 22 (though they likely have much more inventory.)

Lumen

There was one re-sale at Lumen and then the builder put 4 units on the MLS. Fortunately for the person with the re-sale the builder has only included two lame photos on their listing. Oddly Craigslist has 2 units not on the MLS.

Press

After bumping prices they dropped prices on three units by $5k. The Press is the king of MLS churn.

Trace

As re-sales have their prices chopped every week Trace is raising the prices on #208 $5k to $325k and #308 $5k to $335k. And now that the building is done they should really replace the generic photos with photos of the actual unit.