Market Place Tower — 7 residences, 18 stories at 2033 1st Ave. One of Seattle's most exclusive boutique condominiums. Off-market access available.
Pike Place Core • 2033 1st Ave • 7 Residences • 18 Stories
2033 1st Ave • 7 Units • 18 Stories • Built 1988 • Downtown Seattle • Elliott Bay & Olympic Mountain Views
Building Profile
Market Place Tower is an 18-story condominium building at 2033 1st Ave with just 7 residences — placing it among the most exclusive condominium buildings in Seattle by unit count. Built in 1988, the tower rises in the heart of the Pike Place Core on 1st Avenue, steps from Pike Place Market, with upper-floor residences commanding unobstructed Elliott Bay views, Olympic Mountain sightlines, and direct sight to the Seattle Great Wheel and working waterfront below.
Seven units across 18 floors means each residence occupies a full floor or a significant portion of a floor plate — a building configuration associated with penthouse-scale space, absolute privacy, and a residential experience fundamentally different from the corridor-and-lobby model of larger condominiums. The HOA of 7 owners is intimate to the point of being a private ownership group — a differentiator for buyers who find the anonymity of large buildings unappealing and want genuine relationships with their neighbors.
The 1st Avenue location is among the most walkable in Seattle: Pike Place Market's Main Arcade is steps away, the Pike Place Hillclimb to the waterfront is a few minutes on foot, and the dense restaurant, café, and retail fabric of 1st Avenue provides daily-life infrastructure without a car. Contact Jeff Reynolds for current availability, off-market access, and a full building analysis.
| Building Name | Market Place Tower |
| Address | 2033 1st Ave, Seattle, WA 98121 |
| Neighborhood | Downtown / Pike Place Core |
| Year Built | 1988 |
| Total Units | 7 |
| Stories | 18 |
| Building Type | Ultra-Boutique Condominium |
| Views | Elliott Bay, Olympic Mountains, Seattle Waterfront |
| HOA Fees | Contact Jeff Reynolds for current figures |
| Rental Restrictions | Contact Jeff Reynolds to verify |
| Walk to Pike Place Market | ~2 min on foot |
| Walk Score | 99 — Walker's Paradise |
| Registry Status | SCA Registry Verified |
Current Inventory
Active Market Place Tower listings updated in real time. With only 7 residences, turnover is exceptionally rare. Contact Jeff Reynolds for off-market access and advance notice when a unit becomes available.
Due Diligence
Key factors for buyers evaluating Market Place Tower. Jeff Reynolds reviews each of these in every Pike Place ultra-boutique building consultation.
A 7-owner HOA is one of the smallest possible in Seattle's high-rise market. Every owner effectively holds significant governance weight, and major decisions require coordination among a very small group. The upside is near-total transparency and direct engagement; the downside is concentrated financial exposure for capital repairs — a major envelope, elevator, or mechanical system repair is divided 7 ways rather than across hundreds of units. Scrutinize the reserve fund balance and capital repair history carefully before purchasing. Jeff applies a small-HOA due diligence framework to every Market Place Tower consultation.
At nearly 40 years old, Market Place Tower's major building systems — mechanical, electrical, plumbing, elevator, envelope — are in or approaching renewal cycles typical of late-1980s construction. Request the most current reserve study, reserve fund balance, and last 3 years of HOA meeting minutes. Late-1980s construction in Seattle was generally solid, but the specific maintenance history of an 18-story, 7-unit building is idiosyncratic and requires building-specific analysis rather than age-generalization. Jeff Reynolds provides a 1988-vintage building review at every consultation.
With 7 units, Market Place Tower's resale market is thin by definition — there may be only one transaction every several years. This creates a pricing and comparables challenge: appraisers will need to look outside the building for comp support, and pricing will be more judgment-driven than formula-driven. Buyers should enter with a long-term ownership mindset and understand that a 7-unit building's resale pool is narrow — buyers who specifically seek ultra-boutique exclusivity at Pike Place, at 18 stories, built 1988. Jeff maintains a direct awareness of when Market Place Tower units are considering a sale.
2033 1st Ave sits in the heart of Pike Place's daily activation zone — fish market vendors, tourist foot traffic, street performers, and the 1st Avenue retail and restaurant corridor create significant ambient activity at street level. Upper floors will be substantially removed from street noise, but lower floors and units facing 1st Avenue directly may have a different acoustic experience than units facing west toward the waterfront. Confirm the unit's floor, orientation, and window glazing before purchasing. Jeff Reynolds provides a floor-by-floor noise and view analysis at every Market Place Tower consultation.
Who Buys Here
Buyers who have looked at Seattle's major condo towers and found the shared-corridor, 200-unit model fundamentally incompatible with their lifestyle find Market Place Tower occupies a genuinely different category. Seven owners means no elevator banks shared with hundreds of strangers, no lobby crowds, and direct governance participation in every HOA decision. For buyers who have owned in large buildings and found them too anonymous — or who are coming from single-family homes and want to preserve a sense of privacy — Market Place Tower is one of Seattle's only high-rise options that approaches that threshold.
From 18 stories at 2033 1st Ave, upper-floor residences at Market Place Tower have unobstructed western exposure to Elliott Bay, the Olympic Mountains, the Seattle waterfront and Great Wheel, and the working Port of Seattle. At this height on 1st Avenue, the building clears the low-rise Pike Place Market building fabric that limits views in most of the cluster's boutique buildings. For buyers whose primary criteria is an irreplaceable water and mountain view at Pike Place Market address, Market Place Tower delivers both at a scale — 7 units — that larger buildings cannot match for exclusivity.
Market Place Tower at 2033 1st Ave is steps from Pike Place Market's Main Arcade, Post Alley, Pike Place Fish, and the daily-life infrastructure of 1st Avenue. For buyers who want to walk to the Market every morning and the waterfront every evening — without a car, without planning, without effort — there is no more embedded address in Seattle's condo market. The 7-unit scale means no management complexity, no large HOA bureaucracy, and a residential experience that functions more like a private residence in the middle of one of the world's most walkable urban neighborhoods.
Compare Buildings
Registry-verified Seattle condo buildings in the Pike Place Core and West Edge corridors — explore all options before deciding.
Buyer Questions
Your Agent
Jeff Reynolds has guided Seattle condo buyers for over 20 years, including the Pike Place Core where Market Place Tower's combination of 7-residence exclusivity, 18-story Elliott Bay views, and steps-from-the-Market location creates one of Seattle's genuinely rare ownership opportunities.
Ultra-boutique buildings require a specific advisory approach: thin resale markets, small HOAs with concentrated financial exposure, and pricing that is judgment-driven rather than comp-formula-driven. Jeff applies a dedicated small-building framework to every Market Place Tower consultation — reserve study, HOA governance structure, floor-plate analysis, and view corridor assessment.
With 7 units, Market Place Tower rarely comes to market through standard channels. Jeff maintains direct awareness of the building's ownership and can provide advance notice — and in some cases off-market access — when a residence becomes available before public listing.
jeff.reynolds@compass.com • Compass Seattle
Get current availability, off-market access, and a building-specific buyer analysis.
Market Place Tower • 2033 1st Ave • 7 residences • 18 stories • Ask Jeff for off-market access