Home Finance 141-Unit Avenue Estates Sets New Record With $14.4MM Penthouse Sale in Downtown...

141-Unit Avenue Estates Sets New Record With $14.4MM Penthouse Sale in Downtown Bellevue

Bellevue, Avenue Estates, Fortress Development, Puget Sound, Avenue Residences

BELLEVUE, Wash.– Avenue, a premier luxury development located in downtown Bellevue, has seen a busy spring signing. Interest remains high for Bellevue’s newest luxury condo buildings – Avenue Estates and Avenue Residences, including three notable penthouse sales.

Avenue Estates has set a new price record with both the sale price and price per square foot (PPSF) with the sale of a penthouse home at $14.35M – over $3,000 PSF. This breaks the previous high of $12M, making it the highest sold/pending condo ever in WA according to the NWMLS.

The other two penthouses recently sold for just under $10M and just under $8M respectively, also reaching almost $3,000 PSF. Avenue’s record setting presales showcase the sought-after location, lifestyle and value Avenue Bellevue offers.

“Avenue Bellevue presents an unparalleled living experience, with the best in dining, shopping, amenities, and services in a world-class setting. And, as Avenue nears completion, we are seeing a surge in interest from both local and international buyers, reflecting the growing recognition of the unique value and lifestyle Avenue offers,” says Andy Lakha, founder and CEO of Fortress Development, and inspiration behind Avenue.

Located at NE 8th Street and Bellevue Way, Avenue boasts beautiful views of the lake, mountains, and city, and provides foremost access to some of the leading industries in Bellevue’s tech sectors and shopping districts. The 141 luxury homes at Avenue Estates and 224 homes at Avenue Residences feature top of the line amenities, including leading European brands in kitchen, closet, and bathroom design. The Estates homes are set above a luxury hotel from InterContinental Hotels & Resorts, from which residents can enjoy hotel amenities including concierge services, room service, valet parking and a cutting-edge fitness center.

2023 continues to be a busy year for the luxury development, as the team at Avenue has seen over 250 groups touring the Avenue Presentation centers over the last two months, and beginning in August 2023, the homes at Avenue Residences will begin the process of completing and moving the first homeowners in.

Avenue plans to reveal the full list of unique and exciting retailers and food and beverage brands in their retail program later this summer. These will be joining previously announced three Michelin star chef Joshua Skenes and his one-of-a-kind fine dining and new concept restaurant, Japanese cuisine by Iron Chef Masaharu Morimoto and Pasta Ramen by James Beard nominated chef – Robbie Felice.