Wards Cove’s newest neighbor: The Enclave

Love Lake Union?  Wish you could live there, taking full advantage of all it offers?  Your chance is here with a unique little development (most likely the last of its kind for our area) currently set to rise on the Eastlake shores across from Wards Cove Marina.

The Enclave will consist of only 21 three-story townhomes with 2,500 – 3,000 sq ft of open floorplans, rooftop terraces and western exposure to best capture all the Seattle views .  Clean, open and modern floorplans designed by local award-winning architecture firm atelierjones will integrate green strategies and materials while keeping the site’s natural elements intact.  The Enclave’s interiors include skylights and floor-to-ceiling windows to bring in lots of light. There are three color and natural material palettes to choose from, along with European inspired custom cabinetry, fireplaces, and a list of options you can choose to further customize your home.  For the exterior, you can’t beat a private rooftop terrace with an integrated fireplace and built-in BBQ. You have options to customize here too… how about an optional outdoor spa, wet bar, or a green roof system?  Or all three?  There’s plenty of parking too, with spaces for 2-3 vehicles available.

Did we mention your HOD includes memberships to Wards Cove Marina Club? What amenities this provides!  A state of the art fitness room, conference room, overnight guest suite and storage are some of the perks for landlubbers. The seafaring soul in you is about to become very happy, too.  You’ll get marina access to five 100 foot slips and moorage for personal watercraft.  Community beach access is yours as well, and there’s places to launch your kayaks and canoes .

You’re also in a prime Eastlake spot, within walking distance to its array of boutiques, local shops, cafes and restaurants. Outdoor fans will enjoy the nearby Burke-Gilman trail for riding, biking and walking.  Easy freeway access completes the package.

With introductory pricing in the low $1 million range, and most likely your last chance to get true lake living in Seattle, The Enclave is something worth checking out, and soon! The project is currently in the presale stages. Ground breaking will begin once there are a few firm commitments, with occupancy slated for 2011. For more information, fill out our contact form at this Stroupe Group link. We’ll stay in touch as The Enclave develops.

Ruby Closing In on Finish Line with more than 70% Sold

Ruby has been making a strong push towards the finish line with recent price reductions.  The 52-unit Eastlake project is now 70% sold since opening in February 2009.  With less than 15 units remaining, all homes (1B/1B) are being offered for under $300k and range from 801 to 934 square feet.  Most units feature pretty nice views of Lake Union and Gas Works Park.  Some unique features about Ruby include their unique location on the east side of Lake Union and a green roof above the first floor’s street level retail space.  Speaking of which, the retail space has already been leased to a sushi restaurant, a wine and cheese store, insurance provider, cosmetic dentist, and naturalistic doctor–all of which have Seattle written all over it.

Ruby is open Sat-Wed, from 11AM to 6PM or by appointment. Project is FHA and VA approved.

New Lake Union Condos at Wards Cove: The Enclave

While developers are stalling on new projects, Trinity Real Estate, Inc released plans for a new 21-unit lakeside community today at Wards Cove–Lake Union.

SEATTLE, WA. (June 24, 2009) – Officials at Trinity Real Estate, Inc. today released plans for their newest project “The Enclave”, a 21-unit lakeside community nestled within the 5-acre redevelopment known as “Wards Cove” on Lake Union. The coveted site is considered by many the last of its kind on what is now a largely built-out waterfront in King County. Its developers say that the project is designed like a horizontal high-rise from a quality standpoint but unlike a high-rise, The Enclave can be developed in distinct phases to help with construction financing. The announcement arrives at a time when few, if any, new developments have commenced since the onset of the commercial credit crunch in the summer of 2007, two years ago.

“It’s one of those rare never before, never again opportunities that developers cherish,” says Michael Yukevich, Investment Manager and partner in Trinity Real Estate, Inc. “It’s an irreplaceable location and an unparalleled opportunity for our homebuyers to own the quintessential Seattle lifestyle.”

Amazingly, construction will start this year, and occupancy is planned for 2010!  The new lakeside community will consist of three-level, two bedroom plus den homes ranging from 2,500 to more than 3,000 square feet.  Homes will come with private garages and options include private elevators.  Additional amenities include access to the Wards cove Marina Club which includes a fitness center, conference facility, guest suite, and full-service moorage.

“The Enclave provides a compelling alternative to high-rise condo living by putting the penthouse right on the lakefront,” says Nick Glant, the listing agent with Northwest Group Real Estate. “For those that desire the sea, city and sky – we’ve got your address.”

Introductory pricing will start just over $1 million and Dean Jones (president of Realogics, and who will be marketing the boutique address) feels that the announcment and decision to move forward is a “savvy development practice right now.”  In the press release, Jones points out that today, new homes need to offer more unique attributes to make a difference.  For Seattle boaters, this may be a perfect chance to get an in-city home that has yet to come to our market–and never expected to come available again.

Enclave – 2800 Fairview Ave E., Seattle, WA 98102

Address: 2800 Fairview Ave E., Seattle, WA 98102
Neighborhood: Eastlake

CONDOS FOR SALE

Here you can find all active listings at Enclave. If your dream condo is not listed, sign up to be instantly notified by email.

Sign up to receive an instant email notification of new Enclave condos for sale as soon as they hit the market. Membership also includes a monthly review of all activity for this building.

DESCRIPTION

x

PICTURES

BUILDING DATA

• Year Built: 2010
• Number of Units: 21
• Number of Stories: 3
• Exterior: unknown
• Parking: Private Garage
• Pets: Unknown
• H/O Dues Included: Unknown
• Common Property Features & Amenities: Unknown

NEIGHBORHOOD BUSINESS

ADDITIONAL OPINIONS & REVIEWS

*Data is deemed to be reliable, but not guaranteed. In some cases, number of units may include commercial and residential spaces and/or height may or may not include a 13th floor.

Solds & Pendings for March *BONUS = Price Reductions

Believe it or not, MLS reported 40 sales for downtown in December 2008!  January showed 16, and February a measly 11 sales.  We’ve been so busy over the last couple of weeks we haven’t had much time to post, so we thought we’d run the numbers and see how this month is going so far.  It looks like sales have picked up, but not quite as high as December.

Here are the numbers as of today:

SOLD:

Building	Unit #	Orig. List Price	Sale Price	DOM
Fifteen Twenty-One	#1603	$1,450,000	$1,335,000	30
Newmark	#1604	$459,950	$459,950	18
Site 17	#503	$479,950	$450,000	296
5th & Madison	#502	$475,000	$450,000	212
Bellora	#402	$429,950	$425,000	154
Gallery	#516	$342,100	$342,100	N/A
Cosmopolitan	#2007	$355,000	$330,000	537
Gallery	#315	$295,000	$295,000	N/A
Montreux	#316	$275,000	$263,500	231

Pending:

Note: Pendings do not show offered/accepted price until after closing

Building	Unit #	Orig. List Price	DOM
One Pacific Tower	#2502	$1,690,000	161
Concord Condominiums	#900	$875,000	22
Parc	#1308	$599,000	33
Post Mews	#7	$529,000	319
Arbor Place Tower	#1503	$460,000	151
Trio	#403	$459,950	135
Parc	#609	$439,000	39
80 S. Jackson	#203	$419,500	409
Trio	#103	$374,950	184
Klee	#332	$320,000	139
Trio	#611	$289,950	N/A
The Vine	#313	$289,900	16
The Vine	#406	$349,950	56
Seattle Heights	#219	$218,000	92
Parc	#PH11	$809,000	N/A

BONUS

Matt Goyer did an excellent job covering quite a few price reductions.

Gallery slashes prices

This post gives some examples of what prices were, and are now for not only Gallery but also Brix, Leona, and Ruby.

Wicked loft in Pioneer Square

This post isn’t necessarily about a price reduction, but it does show this extremely rare and unique listing at The Lofts original purchase price and current listed price.  Definately a steal!!! (that’s 3 explanation points).

Sneaky Leona advertising

ENSO “Special Pricing”

This post shows some recent marketing materials that have been sent out offering a list of benefits if you buy at ENSO before May 22nd.

Lumen next to auction off remaining inventory

Matt has reported about several auctions in the Capitol Hill neighborhood, and asked visitors about the auction at Queen Anne High School….

Queen Anne High auction results: Everything sold

Wow!  Matt has visitor comments about attending the auction.  His observations seemed to be right on point.  He also has a video of some news coverage that discusses how the auction may be a good indicator of what it will take to get buyers off the fence.

Great coverage Matt.  Link bait city!