Cascade Sotheby’s Completes Two High-Profile Transactions

PORTLAND, OR – Spring continues to roar in like a lion, as the Portland market enters its second quarter, 2018. Cascade Sotheby’s International Realty closed out a record month closing two significant properties—the prestigious Fountain Plaza condominium at KOIN Tower, and the historic Thomas J. Autzen house. Both sales represent expanded growth for Cascade Sotheby’s as market share continues to escalate west of the cascades. The brokerage currently operates 10 offices across Oregon and SW Washington.

The KOIN Center penthouse, owned by the grandson of Fred Meyer, the namesake of the noted grocery chain, first listed in June of 2017 with an asking price of $2.9 million. This incredible residence, taking up three-quarters of the 30th floor, offers a near 360-degree view of Portland and Mt. Hood.

Located in the heart of downtown Portland, the elegant finishes of the dwelling showcase custom fixtures and tile flooring, while the interior layout of the 5,600 sq. ft. unit boasts 5 bedrooms, multiple living and dining rooms, several kitchens and bar areas and an expansive billiards room. Heated balconies add to the already impressive entertaining space. Of note, proceeds from the sale of the penthouse will go to the late owner’s charity, the Chiles Foundation. Sales information was not disclosed.

The Thomas J. Autzen house is a brick-and-stone, half-timbered, Tudor-style residence designed by Kirkland Cutter. This spectacular home, which showcases exceptional workmanship and stunning use of natural resources, was meticulously and thoughtfully renovated over a 2-year period maintaining original design elements with a contemporary influence.

According to Michael Babbitt, Managing Principal Broker at Cascade Sotheby’s International Realty, “This historic masterpiece, originally offered at $4.3 million, sold in only 15 days.” This relatively quick sale epitomizes Cascade Sotheby’s mission to provide exceptional service to both buyers and sellers of luxury properties. Sales information is not available at this time.

View additional listings in Portland.