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September 19, 2011 | | Comments 8

One Lincoln Square Bank-Owned Penthouse For Sale: $4.95M

Downtown Bellevue Bank Owned Condo

In May of 2010 we reported a One Lincoln Square penthouse condominium that was for rent. At that time it was available to be rented for $17,500 a month. That same property, according to the real estate listing, is now available for sale as a bank-owned property for $4,950,000.

The lavish home is located on the 42nd floor and is 4,058 square feet; it has 2 bedrooms, 2 ½ bathrooms, and includes a theatre room. The 20-foot tall floor-to-ceiling windows allow for beautiful views of Mt. Rainer and The Olympics. The condo is filled with luxury finishes that must been seen to be appreciated, including the highlight of the living room – a Chihuly glass chandelier.

One Lincoln Square condo owners also have access to the Westin Bellevue’s pool, fitness center, and spa.

Address:
650 Bellevue Way NE #4102
Bellevue, WA 98004

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Update: The price has just recently been lowered to $4,500,000

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  1. The bank must be out of their mind because the unit sold for only 3.05 million in 2006, and now they are asking for almost 5 million?

  2. Is it because it’s furnished?

  3. They should offer this as part of a charity lottery

  4. Homeowners Association dues: $2,650.
    Also, annual taxes: $21,916.

    Either of them are quite a bit more than what I pay in rent, and I already feel that my rent is on the very expensive side. That sometimes make me think that Bellevue isn’t quite the right city for me, as I’m obviously not the city’s target demographic.

  5. As far as I am aware, the unit was initially sold as is, and at least a few million was put into designing its interior.

  6. Reminds me of the story of Guy de Maupassant, the French novelist who had lunch at the restaurant in the Eiffel tower nearly every day. It was, he claimed, the only place in Paris where you could not see the Eiffel tower.

  7. Kevin – The shell sold for 3,000,000, that does not include the build-out.

  8. You know what’s interesting about this….. Nothing BOR-ING!!!!

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