The Bellagio Condominiums In Magnolia
The Magnolia Bellagio Condos were built in 2003 and finished in 2004 with 3 levels of condominium homes. They are located at the corner of 33rd West and Smith Streets in the very heart of the Magnolia Village and offer many great upscale amenities like jetted tubs, underground secure parking and storage.
The Bellagio condominium units are Magnolia condos that you will find nice finish work like granite slab counters and lovely walk in closets plus large layouts and radiant heated floors. At last check, homeowner dues covered garbage and water and sewer and pets are allowed subject to restrictions. There are 27 condos in The Bellagio with luxurious finishes and they simply do not come on the market very often.
The interesting thing about this is that many would be Magnolia condo sellers might be afraid to put their Magnolia Village condo on the market right now because they are frightened of the current Seattle real estate market. Real estate is VERY local and the Magnolia Bellagio Condo building has little turnover and homeowners here are for the most part NOT UPSIDE DOWN unless they refinanced and took out more equity since purchasing their units. Even in some of those cases the current demand for Magnolia condos is still strong enough that it could support additional values. This latest sale for example did not sell for less than it was purchased for. In fact, it held its value through double digit declines since the date it was purchased.
You can find Bellagio units for sale here: