A new penthouse off of Westover came on the market today priced at nearly $3,600,000! Here is one more attempt of someone trying to capture the $1,000 a square foot pricing of the new Cosmopolitan. As shown by other recent attempts in the insane pricing range…it’s NOT going to happen! Just a couple of things I want to say about this listing. The condo, a 5th floor penthouse unit does have a spectacular view looking over the Pearl and the city of Portland. While a nice unit, it just had another 3600 sq. ft. neighbor that just sold at The Westerly for $2,850,000. The unit at the Westerly was a nice unit with two massive decks… clearly a big advantage over the newly listed unit! In addition, it took nearly 5 years for the Westerly penthouse to finally sell. While it can be argued that this new listing has nicer finishes and a better view than the new Cosmopolitan ( although you would never know from the photos!!!), this part of town just will not capture the prices of a true Pearl location. In my opinion, there is no way it should sell for more than what The Westerly penthouse sold for. In addition, The Westerly unit had a total of 4 parking spaces.
The views, this is what potential buyers will be attracted to. I am totally shocked by the photos on this listing. There are two very weak deck photos that do not even come close to capturing a view that someone would ever consider paying nearly 3.6M for! The interior photos are just as bad! Great finishes on the inside but dark, plain photos do this listing no service what so ever! I know many that have read my blog for sometime probably get tired of me ranting about bad photos, but….
Now, this is a better example of how to sell someone’s views!
A real positive, a charger in the garage for a Tesla! I happen to know of one couple who made an offer on one of my penthouse listings in the past that this was a very important detail they wanted. With that said, a Tesla charger is not what will help sell this unit for over $3,000,000. Good photographs though would certainly help!
Brad Golik is a condominium specialist with Pearl District Properties and a founding member of Condo10. If you would like to view this newest Portland penthouse, call Brad Golik at 503-896-8856. “I know this market and will negotiate you the best possible price!”