Six of the homes were reserved at the initial sales event for Pinnacle at Alki, an 11-unit luxury condominium community.
WEST SEATTLE — Scores of prospective homebuyers and brokers attended a design preview event recently for Pinnacle at Alki, an 11-unit luxury condominium community being constructed on Alki’s northernmost perch.
Six of the homes were reserved for priority presale, prompting the development team to plan an encore presentation today from 1–4 p.m. The event will be held at the branch office for Realogics Sotheby’s International Realty at 2715 First Ave. in Seattle’s Belltown neighborhood.
“This is another opportunity for prospective buyers to be in the know before the show,” says Dave Janssens, the listing broker with Realogics Sotheby’s International Realty. “It’s an advantage to secure this opportunity ahead of the public sales debut — reservations remove the risk of having to compete with multiple offers in this heated market.”
A reservation for priority presale requires a $5,000 fully refundable deposit (held in escrow) and provides 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 buyers make a 5 percent earnest-money deposit and make choices between several color schemes and optional items for personalization.
The remaining five homes for reservation include one- and three-bedroom homes that range in size from 885 to 2,128 square feet. Presale pricing is expected to range from less than $850,000 to more than $2 million, with first occupancy by fall 2018.
Guests at today’s design preview event can explore floor plans, sample views, see preliminary finishes and learn more about price ranges and estimated HOA dues. Mortgage representatives will also be available to assist with financing options.
To RSVP for the preview event, visit thepinnacleatalki.com.
Located at 1118 Alki Ave. S.W., Pinnacle at Alki will be a short walk from the West Seattle foot ferry for access to downtown Seattle. Owners will have unobstructed views that span 200 degrees from skyline vistas westward over the Olympic Mountains.