Pinnacle Condos 701 W. Lakeside, Cleveland, OH 44113-Prices Drop

Posted by The Lohser Group Cleveland on Tuesday, February 22nd, 2011 at 11:11am.

 

I have long been a fan of Pinnacle condos in Downtown Cleveland.  If you haven’t had the pleasure of walking the lobby or gazing out of one of the Pent House units into the great wide open, it is something I strongly recommend.  This building represents North East Ohio’s premier condominium, hand down.  The views, the quality in construction, the location and amenities make it hard for other condos to compete. 

The new construction phase is more or less gone, all but a few pent houses over $1million have been sold and often resold and the association is in the hands of the owners . 

Even though these condos seem to be in a class all their own, they have not been immune to the market and for the first time, some very attractive units are being sold for much more attractive prices.  Cooperate relocations, expanding families and a slue of other reasons have motivated some sellers to grin and accept prices that are a reflection of the realities of the market and that has created comparables that have encouraged more reasonable prices across the board.

This is wonderful for the consumer.  By no means are the values in the building depressed, they are just coming in line with normal levels.  If you want something truly spectacular, please let me take you on a tour of this building.

Amenities include

Open floor plans starting around 1600 square feet for a 2bedroom

 Floor-to-ceiling windows provide breathtaking city and lake views.

Gourmet kitchens featuring maple cabinets, hardwood floors, granite counters and S.S. appliances

Master baths with tiled showers in many cases and jetted tubs in others

Tons of closets and storage

In suite laundry

Attached covered parking

Tax abatements of 10years or more remaining in many cases

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