A unique luxury condo recently sold for $2.25 million, setting a record for the most expensive property in Spokane County.
The 3,440-square-foot downtown Spokane condo at 809 West Main Avenue above PF Chang’s, formerly owned by the Burlington Court Factory, went public May-December last year for $2.5 million.
Kari Hayes, National Realtor and Real Estate Listing Agent for John L. Scott Real Estate, said: “We put him back on the market in mid-March and signed him in mid-June. In his three months, he had much more traffic than in his previous eight months.
“We had three sets of stakeholders who saw the condo more than once.
NGS Trust sold the condo to James E. Knox Revocable Trust, according to Spokane County Recorder’s Office records.
Hayes declined to comment on the identity of the seller, citing privacy reasons. was shown to be a long-time local entrepreneur and business owner who sold the condo because “it wasn’t there.”
Windermere North real estate agent Brandi Graham Snow, who represented the buyer, declined to comment on his identity or whether the condo is a primary or secondary property.
However, according to Graham-Snow, buyers toured other properties in Spokane and were drawn to the quality and location of the condos on Main Avenue. This condo is connected to River Park Square by a skywalk.
“It’s very well appointed, thoughtful, sophisticated and contemporary,” she said.
This condo was listed globally through a partnership between John L. Scott Real Estate and its global relocation network, the world’s leading real estate company.
There are three condos for sale in the county for over $2 million. Hayes said his Maine Avenue condo sales had the highest price per square foot in recent days.
A unit in the same Main Avenue building sold for $2 million ($643 per square foot) in 2016.
Another condo in the Spokane area sold for $2.1 million ($543 per square foot) in May, according to the Spokane Multiple Listing Service.
“We’re at a record-breaking $654 per square foot,” Hayes said of a recent downtown Spokane condo sale.
Potential buyers also toured a four-bedroom, three-bathroom condo in the same Main Avenue building and were drawn to the craftsmanship of the $2.25 million condo.
“The feedback has been that this is much better,” Hayes said. “When the seller made it, they didn’t have resale in mind.”
When the condos went on sale last year, there were no comparable properties on the market in the area, so they were priced based on design and quality, Hayes said.
“There really aren’t many condos that have sold for over $1.5 million,” says Hayes. “When you walk into this condo, you really understand the fact that you can sell for a lot without a water view.”
The 2.5 bedroom, 3 bathroom luxury condo is a sleek European modern design with large plank oak floors. Quartz countertops in kitchens, bathrooms and laundry rooms. Custom temperature-controlled wine walls on both sides and a designed floating staircase leading to the second floor loft.
The master bedroom has a built-in dresser, double-sized gas fireplace, large walk-in closet, and quartz walls surrounding a spa-like bath in the bathroom, which also has a walk-in shower and underfloor heating. Other features include a water purification system, state-of-the-art audio/video system, state-of-the-art kitchen equipment, and a Lindsay Adelman chandelier that hangs above the dining table.
A lighting designer and artist based in New York City, Adelman’s work is showcased at the Cooper Hewitt Smithsonian Design Museum in New York City and the Nilfer Gallery in Milan.
Builder Kevin Gunder of Coeur d’Alene-based Gunder Construction and designer Toni Brannon of Spokane-based Toni Brannon Design LLC partnered to create a custom condo from an empty concrete shell.
According to Hayes, the sale will likely raise the bar for future condo listings in Spokane.
A three-bedroom, three-bathroom condominium at 1223 West Riverside Street went public in July for $2.3 million, according to the Spokane Multiple Listing Service.
In addition to condominiums, single-family home prices have risen sharply over the past year.
The median closing price for less than an acre of land and condos in Spokane was $420,000 in July, according to the Spokane Real Estate Association.
The most expensive single-family home sold in Spokane County this year was a 7,420-square-foot, 5-bedroom, 5-bathroom property in the Rockwood neighborhood. It sold for more than $2.4 million, according to Spokane County Assessor’s Office records.
Graham-Snow said the sale of downtown Spokane condos shows that Spokane is growing and evolving.
“Our downtown is attractive and that’s what draws people to the condo lifestyle,” she said. “The city itself is the perfect size and people spend a lot of money on really quality products.”