Eleven condominium estates are planned at Pinnacle at Alki. The one- to three-bedroom homes will range in size from 885 to 2,128 square feet.
WEST SEATTLE — The Duwamish Head, the northernmost point along West Seattle’s Alki shoreline, offers iconic views that range from downtown Seattle’s skyline across Elliott Bay and westward to capture inspiring sunsets over the Olympic Mountains.
Soon, this panoramic view will be available to buyers of 11 condominium estates planned at Pinnacle at Alki. Attollo Development has broken ground on the project, which will include one- to three-bedroom homes that range in size from 885 to 2,128 square feet.
Broker representatives say presale prices are expected to start from below $900,000 to more than $2 million, with first occupancy by fall 2018.
“Pinnacle at Alki will deliver on its promise: a new benchmark for luxury in West Seattle and a compelling alternative to high-rise living,” says Dave Janssens, the listing broker with Realogics Sotheby’s International Realty. “This new community is exactly what the market has been waiting for.”
Located at 1118 Alki Ave. S.W., the prominent perch is just a short stroll to the West Seattle Foot Ferry, bringing everything downtown Seattle has to offer within a quick ferry ride.
Although the developer is still early in the design and sales process, Jannsens says priority presale reservations will be accepted beginning on Oct. 14 when additional property information and pricing is available.
A reservation requires a $5,000 fully refundable deposit that is held in escrow and provides a homebuyer with a first right of opportunity to purchase a specific home once the developer has provided the final finish specifications, pricing and development schedule. Presales will follow when a buyer will fund a 5 percent earnest-money deposit and make choices between several color schemes and optional items for personalization.
To register for priority presales information, visit thepinnacleatalki.com.
Pinnacle at Alki will include Northwest contemporary architecture; floor-to-ceiling windows; and a rooftop terrace with entertaining spaces that include landscaping, a firepit and an outdoor kitchen with barbecues.
Inside, the homes will feature a modern design palette with hardwood floors throughout the primary living areas. There will be a gas fireplace in the living room, and a chef’s kitchen will include Italian-inspired cabinets, quartz countertops and premium appliances. With just two homes per floor, Pinnacle at Alki is a boutique offering that compares in scale and finish to premium penthouses found atop luxury condo towers in downtown Seattle.
Homebuyers can enjoy a seaside playground of opportunities, including walking, running or biking along the flat Alki promenade; watersports like stand-up paddleboarding or sea kayaking; and days at the beach for a picnic or impromptu game of volleyball.
Alki’s casual, beach-town vibe has made it a favorite community for many, yet it remains close to a thriving, world-class city on the rise, says Gary Stepanients, the co-listing broker with ReMax Northwest Realtors.
“Pinnacle at Alki offers the best of both worlds — an urban, luxury penthouse-style residence but without the traffic, noise and congestion of downtown Seattle,” he says. “Instead, we offer a quiet and natural setting on a scenic seaside promenade with unparalleled vistas of the city and Puget Sound.
“I can’t imagine a more quintessentially Seattle lifestyle. And from an investment perspective, this is inherently rare real estate and presents a new asset class that is matchless locally.”
Stepanients says there are similar luxury developments at other West Coast seaside locations in Vancouver, San Francisco or Southern California, but homes like these would sell for two or three times the price there. “These peer market comparisons provide both inspiration and trajectory to where our market is heading.”