Wednesday, March 31, 2010

The Highlands Homes - Luxury Seattle Real Estate

The Highlands neighborhood, just North of Seattle on the Puget Sound, is a highly-regarded, but not well-known neighborhood to the average Seattle citizen. This gated community resides just between the Seattle Golf Club and the waterfront, with just two entrances to the 100 home enclave. Home sales in the Highlands normally don't show up in MLS records, as many sales are intra-family, off-market sales, or long-expired listings, since luxury homes often take a year or two to sell.
The Highlands Homes Seattle
Luxury Homes in The Highlands
While the prices of homes in this neighborhood are certainly exclusive (minimum $1.5 million, with many homes over $5 million), there is no air of flashiness or McMansion architecture. Most lots in the Highlands are around two acres, and the homes, built anywhere from 1900 to today, are mostly historic colonials, tudors, and the like, with a variety of contemporaries mixed in. The windy, wooded streets and long, private driveways allow each home owner to create their own vision for their estate without a neighbor's home towering in view. While there are a few "waterfront homes" on the high banks of the Sound, there is a railroad line running along the shore and the rail company owns the rights to the actual waterfront. Some owners do have tideland rights, and many have spectacular water views of the Sound and the Olympic Mountains.
The Highlands Homes Shoreline Seattle
The Highlands, Seattle real estate
As you reach the round-the-clock security gate off N 145th St just West of Greenwood Ave, you pass the Seattle Golf Club, a totally separate entity, that is highly-utilized by residents of the Highlands. Your GPS probably won't help you find a home's address, as the neighborhood has its own numbering system for its private roads. Most homes have a placard with the owner's last name next to the drive, since privacy is less of an issue in this private setting. Addresses are listed as The Highlands, Seattle WA 98177 and Shoreline WA 98177.
The Highlands functions much like its own city. Once an unincorporated suburb of Seattle, it later became part of Shoreline, which was incorporated in 1995. It was first platted in the 1890s, and much of the home building began in the 1920s. The Highlands has it has its own water source, street maintenance, and grounds keepers. Seattle City Light has a utility easement for the electrical service, but nearly all other functions are covered by the Highlands residents.
The Highlands Real Estate Seattle
Private Living in The Highlands
There is a homeowner's association in the Highlands that covers capital projects, security, and regular maintenance. Owners are assessed homeowners dues in a two-part valuation, with roughly one half as an equal member in the community, and the other half based on their lot size. There is a chapel, a preschool, tennis courts, and a pool. All real estate purchases must go before a Review Board and are subject to a sizable move-in fee.
Many famous Seattle residents are associated with the Highlands, including the Olmsted Brothers who designed the neighborhood. Boeing, Stimson, McGavick and Nordstrom are just some of the names of families who lived or built homes in the Highlands.
The Highlands Seattle
The Highlands - Exclusive Seattle Homes
The Highlands is the ultimate in luxury Seattle real estate for privacy, upscale living, and a traditional, historic feel. Just having a chance to drive through this neighborhood allows one to experience a great piece of Seattle history that has been seen by only a small slice of the local population.
Sam DeBord is a licensed real estate broker with SeattleHome.com, a division of Washington State Realty, LLC. He is a member of the Seattle-King County Association of Realtors and a Green-Certified Pro.
Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 552-8820
Real Estate Brokers, Realtors, Green Certified Pros
 
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Monday, March 29, 2010

Big Discounts on Seattle Luxury and Waterfront Homes

When there is a minimal downturn in a real estate market, many times the luxury market isn't affect much, if at all. There's a portion of the population with enough resources in reserve to weather these market dips and hold strong to their prices, not needing to sell unless they get the price they truly want for their homes.
The current downturn appears to have pushed past that wall of invincibility in Seattle waterfront and luxury home sellers' minds, and we're starting to see some significantly reduced luxury home listings and final sale prices. The trend is happening nationwide, as evidenced in this Wall Street Journal article. While there are certain unique properties that will always hold their values, the total luxury home sales have been so dismal for the past two years that many sellers have gotten realistic. They're dropping prices, accepting lower offers, and negotiating whatever it takes to move on.
Seattle Luxury Homes
While many homes are still selling at 5% off list price, we're seeing more and more remarkable recent moves:
A property on the South end of Medina which was listed for $33.9 million in 2008 and 2009 has come back on the market at $26.8 million. This drop of around 20% correctly reflects the overall trend of the Seattle market over the past 2.5 years, but the sheer size of the numbers make it significant.
A home on the North end of Hunts Point, while listed at $15.8 million, ended up closing for $11.28 million. The 28% discount is far higher than we've seen in quite a long time. Just a few steps away, an undeveloped piece of land on the tip of the point has lowered its price from $22.8 to $19.68 million.
A waterfront Madison Park home started out at $14.6 million in early 2009, and ended up selling for $10.6 million at the end of the year.
One of my clients purchased a home on the Eastside for $5.4 million late last year. It had dropped over the previous two year from being listed at $7.9 million all the way down to $6 million before we started negotiating.
These are just a few homes, but they're showing an interesting new trend in the upper luxury market. We're accustomed to seeing these homes sit on the market for one, even two years, with no price drops. The going line is "We won't negotiate against ourselves." In other words, make us an offer, but we're not dropping the price on our own.
Not so much lately. Buyers are more savvy, do more research on their own online, and really compare properties before ever setting foot in the door. More luxury home sellers are becoming "competitive" with pricing, while it used to be all about the property. The more open information about real estate becomes, the more open these sellers are becoming in response. Remember when "pocket listings" were the majority of the high-end luxury home market?
This isn't to say the entire market has gone that direction, only that it's a trend. If the luxury market in Seattle recovers quickly, we could easily see a slide back to the old model of selling these homes. The highest income-earners and home buyers in the Greater Seattle are a much more egalitarian, technology-minded, and even younger group than you'll find in almost any city around the world. It's only fitting that they break a few more molds.
Sam DeBord is a licensed real estate broker with SeattleHome.com, a division of Washington State Realty, LLC. He is a member of the Seattle-King County Association of Realtors and a Green-Certified Pro.
Source: Individually compiled NWMLS statistics. The NWMLS database and statistics do not include many new construction pre-sale units, private sales or auction sales. These statistics were not compiled or published by the Northwest Multiple Listing Service.
Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 552-8820
Real Estate Brokers, Realtors, Green Certified Pros
 
seattle houseboats  
 seattle real estate market

Sunday, March 28, 2010

What a Week - Seattle Real Estate Market is Moving Along

Taking a break from the usual statistical analysis, I thought I'd give my own anecdotal evidence of the momentum in the Seattle real estate market (read: opinion). This past week I've had more emails, phone calls, and appointments than any time since the November "end of tax credit crunch". Spring always gets the market moving, but it feels like we just jumped on to the treadmill at full speed.
I had a couple of great days at an open house in Wallingford, with potential buyers, looky-loos, and neighborhood walkers constantly in and out. Lots of folks are asking questions about the $8000 and $6500 tax credits (hey're available for a contract signed by April 30), and whether or not it applies to their situation.
I've had two sets of young buyers in the North End in multiple-offer situations three to four times already, finally getting under contract on near-full-price offers with closing costs concessions. Homes under $300k are still moving quickly, and the inventories are low.
Seattle Waterfront Homes
There have been quite a few more inquiries in the Seattle luxury homes market lately, too. Most of these buyers are looking for a bargain-as they should be. The luxury and waterfront real estate markets have really been battered for a couple of years now, and sellers have really started getting realistic about price reductions. I've gotten to preview and visit with clients all over this week, including a beautiful new construction home on Lake Washington in Medina, two modern homes in Sand Point and Inverness, waterfront in Cedar Park and Leschi, as well as traditional luxury in the Highlands and Woodway.
I imagine when the sun really comes out that we'll be picking up the pace a bit more in the short term. A lot of people in Greater Seattle have been sitting on the sidelines for a couple of years, and they may be jumping off the fence.
 
 
Sam DeBord and Brian Wiegand
SeattleHome.com
- Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros
 
 
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 seattle real estate market

Monday, March 22, 2010

SEATTLEHOMEoCOM: Detroit wants to save itself by shrinking: Detroit, the very symbol of American industrial might for most of the 2... http://bit.ly/9YUROE

SEATTLEHOMEoCOM: Detroit wants to save itself by shrinking: Detroit, the very symbol of American industrial might for most of the 2... http://bit.ly/9YUROE http://bit.ly/bFufp9

SEATTLEHOMEoCOM: On the quiet side of the bridge: Though Genesee Hill is often overlooked because of its location, residents of the... http://bit.ly/9mdoBr

SEATTLEHOMEoCOM: On the quiet side of the bridge: Though Genesee Hill is often overlooked because of its location, residents of the... http://bit.ly/9mdoBr http://bit.ly/cAg6jR

Thursday, March 18, 2010

SEATTLEHOMEoCOM: Mortgage rates still below 5 percent: Mortgage rates held below the 5 percent threshold for the third straight wee... http://bit.ly/97BxZK

SEATTLEHOMEoCOM: Mortgage rates still below 5 percent: Mortgage rates held below the 5 percent threshold for the third straight wee... http://bit.ly/97BxZK http://bit.ly/d4ulPg

Wednesday, March 17, 2010

SEATTLEHOMEoCOM: Amazon adds 180,000 square feet to S. Lake Union space: Amazon.com has signed a new lease boosting the size of its... http://bit.ly/cypm3Z

SEATTLEHOMEoCOM: Amazon adds 180,000 square feet to S. Lake Union space: Amazon.com has signed a new lease boosting the size of its... http://bit.ly/cypm3Z http://bit.ly/atJw61

SEATTLEHOMEoCOM: Bailout watchdog to audit gov't mortgage program: The federal bank bailout watchdog is planning to scrutinize the ... http://bit.ly/9Nw6go

SEATTLEHOMEoCOM: Bailout watchdog to audit gov't mortgage program: The federal bank bailout watchdog is planning to scrutinize the ... http://bit.ly/9Nw6go http://bit.ly/a1SINq

Monday, March 15, 2010

SEATTLEHOMEoCOM: Rain, even urine, would help make Bullitt HQ city's 'greenest building ever': The Bullitt Foundation plans to buil... http://bit.ly/bSp5nJ

SEATTLEHOMEoCOM: Rain, even urine, would help make Bullitt HQ city's 'greenest building ever': The Bullitt Foundation plans to buil... http://bit.ly/bSp5nJ http://bit.ly/cuZeG9

SEATTLEHOMEoCOM: NW real estate firm John L. Scott lists on Zillow: Northwest real estate giant John L. Scott says it will start au... http://bit.ly/93SqkI

SEATTLEHOMEoCOM: NW real estate firm John L. Scott lists on Zillow: Northwest real estate giant John L. Scott says it will start au... http://bit.ly/93SqkI http://bit.ly/dhP5u1

SEATTLEHOMEoCOM: Tips to make downsizing easier: Experts advise people to take it slow, take advantage of options. http://bit.ly/9vARdh

SEATTLEHOMEoCOM: Tips to make downsizing easier: Experts advise people to take it slow, take advantage of options. http://bit.ly/9vARdh http://bit.ly/blPunG

Sunday, March 14, 2010

SEATTLEHOMEoCOM: Greater Bellevue Gets A Boost – Luxury Home Sales on Seattle’s Eastside On The Rise: Sales of lu... http://bit.ly/awsbrv Seattle Homes Blog

SEATTLEHOMEoCOM: Greater Bellevue Gets A Boost – Luxury Home Sales on Seattle’s Eastside On The Rise: Sales of lu... http://bit.ly/awsbrv Seattle Homes Blog http://bit.ly/9Mfsxw

SEATTLEHOMEoCOM: Just posted on ActiveRain: Greater Bellevue Real Estate Gets a Boost - Sales of Luxury Homes on Seattle… http://activerain.com/t/1545615

SEATTLEHOMEoCOM: Just posted on ActiveRain: Greater Bellevue Real Estate Gets a Boost - Sales of Luxury Homes on Seattle… http://ping.fm/GUmoR http://bit.ly/aR4Dnm

Greater Bellevue Luxury Real Estate Gets a Boost

Sales of luxury and waterfront single family homes on Seattle's Eastside are nearly double where they were at this point one year ago, following the trend of sales in Seattle proper and signalling a stronger luxury real estate market for the Puget Sound. There were just five sales of greater Bellevue luxury homes over $2 million at this point in 2009, while we've already had 9 of those sales during the same period this year.
Greater Bellevue Luxury Homes
Greater Bellevue's Luxury Home Sales
157 Lake Ave W, Kirkland WA 98033
A Lake Washington waterfront home sold in Kirkland for $2.7 million in Early March. The 1920s home has 4 beds, 2 baths, and 2600 square feet of living space. This West of Market home has 90 feet of waterfront and a dock with deep water moorage. It had been listed for 9 months.
 
Bellevue Bridle Trails Home
Bellevue Bridle Trails Home
3852 134th Ave NE, Bellevue WA 98005
In the Bridle Trails neighborhood of Bellevue, a beautiful Steven D. Smith new construction home sold for $3.02 million. The 5 bed, 6 bath home is on 3/4 of an acre and is the picture of contemporary Northwest construction. The home was on the market for 9 months.
 
Yarrow Point Home
Yarrow Point Home
4225 92nd Ave NE, Yarrow Point WA 98004
In Yarrow Point, a new construction home sold for $3.05 million. The 5 bed, 3.75 bath house is a sprawling single story home with 5245 square feet of living space and views of Cozy Cove. The marketing time was one year and 8 months.
 
Bridle Trails Luxury Home Bellevue
Bridle Trails, Bellevue Luxury Home
3015 134th Ave NE, Bellevue WA 98005
Back in Bridle Trails, a huge 7 bed, 8 bath house sold in January for $3.475 million. The home's 8900 square feet of interior finished space make it the second largest home sale of the year thus far. The new construction home sits on over one acre of land. It had been marketed for nearly two years before the sale.
 
4425 Lake Washington Blvd SE, Bellevue WA 98006
On Bellevue's South end another new construction home sold next to Newcastle Beach Park for $4.05 million. The home has 90 feet of waterfront on Lake Washington, and is built on nearly a half acre lot. With 5 beds, 5 baths, and 6100 sq ft of living space, it's a classic Northwest home with Douglas Fir exposed beams and ceilings throughout. It was listed for 5 1/2 months before selling.
Clyde Hill Home
Clyde Hill Home
1442 88th Ave NE, Clyde Hill WA 98004
A new construction home in Clyde hill sold for $4.11 million in early February. The 5 bed, 5 bath home has a half acre of land with picturesque Clyde Hill views of the city, mountains, and city. This is another Steven D. Smith home, with a Napa-inspired style. It sold after 1.5 yrs on the market.
 
430 Waverly Way, Kirkland WA 98033
Back in Kirkland's West of Market neighborhood, a 2003 built home sold for $4.2 million. The Tuscan-inspired home has 4 beds, 5.75 baths, and 7300 square feet of living space. The Lake Washington waterfront home was on the market for 5 months.
450 W Lake Sammamish Pkwy, Bellevue WA 98008
At $5.575 million, the largest home sale was a colossal waterfront home on Bellevue's Lake Sammamish shore. At almost 12000 square feet, this 5 bed 7.5 bath home uses vast spaces for entertaining and provides a resort-style feel in a single family home. The half acre lot has 97 feet of waterfront footage. It had been marketed for over one year.
Hunts Point WA Home
Hunts Point WA Home
4014 Hunts Point Rd, Hunts Point WA 98004
The top sale this year is a home in Hunts Point, selling for $7.95 million. The gated, 1.07 acre estate has extensive moorage on Cozy Cove with protected West-facing waterfront. At 4 beds, 4.5 baths, and 4700 square feet, it's not an extremely large home but its private lot and 7 car garage parking make use of the ample land. The home was on the market for 10 months.
 
-
Sam DeBord is a licensed real estate broker with SeattleHome.com, a division of Washington State Realty, LLC. He is a member of the Seattle-King County Association of Realtors and a Green-Certified Pro.
Source: Individually compiled NWMLS statistics. The NWMLS database and statistics do not include many new construction pre-sale units, private sales or auction sales. These statistics were not compiled or published by the Northwest Multiple Listing Service.
 
Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros
 
seattle houseboats  
 seattle real estate market

Saturday, March 13, 2010

SEATTLEHOMEoCOM: Seattle Luxury Home Sales Up Big Vs. 2009: 2009 was an unusually slow year for real estate sales... http://bit.ly/dv5WwV Seattle Homes Blog

SEATTLEHOMEoCOM: Seattle Luxury Home Sales Up Big Vs. 2009: 2009 was an unusually slow year for real estate sales... http://bit.ly/dv5WwV Seattle Homes Blog http://bit.ly/bto8Np

Seattle Luxury Home Sales Up Big vs. 2009

2009 was an unusually slow year for real estate sales, and Seattle's luxury home market may have suffered the worst. After a couple of months of sales in 2010, however, it looks like the outlook for sales of Seattle luxury homes is brightening quite a bit as closings have picked up dramatically.
Seattle Luxury Home Sales
Seattle Luxury Home Sales
There were just two single-family home sales over $2 million in Seattle at this point in 2009, according to NWMLS statistics. Compared that with the 6 sales so far in 2010, and we may have a sign that the easing of jumbo mortage financing and a renewed positive outlook in our local market may be turning this market around.
Waterfront Magnolia Home
Waterfront Magnolia home
5602 39th Ave W, Seattle WA 98199
At $2.1 million, a 5 bed, 3.5 bath home in Northwest Magnolia sold in late February. This home has nearly 5000 sq ft of living space and Puget Sound waterfront with a dock. The amenities include a pool, spa, outdoor kitchen, and a four car garage. It was on the market for 8 months.
 
Waterfront Home in The Highlands
Waterfront Home in The Highlands
1301 Cherry Loop, Seattle WA 98177
In the Highlands, a 4 bed, 5.75 bath home sold for $2.45 million. With 6260 square feet and Puget Sound waterfront access, this home is the ultimate in privacy. The Highlands gated community provides security and large lots with secluded windy roads and driveways. It sold after 11 months on the market.
 
North Capitol Hill
North Capitol Hill Luxury Home
1658 Federal Ave E, Seattle WA 98102
A 6 bed, 4.5 bath home in North Capitol Hill sold for $2.7 million. This is a classic historic home with almost 7400 sq ft of living space and nearly a half-acre of land. The quiet street is typical of this small oasis separated from the rest of Capitol Hill's excitement. It had been marketed for two years.
 
Washington Park Waterfront Home
Washington Park Waterfront Home
408 39th Ave E, Seattle WA 98112
In Washington Park, a 3 bed, 2.5 bath home sold for $3.2 million. This 1940s-built waterfront home has 3180 sq ft of living space on a cozy waterfront Lake Washington lot. It was listed for 6 months.
 
Windermere Seattle Home
Windermere Seattle Home
6411 NE Windermere Rd, Seattle WA 98105
Moving up North, a property in the Windermere neighborhood sold for $3.32 million. This home has a 3 bed, 3 bath main home and a 2 bed, 2 bath guest house. The Lake Washington waterfront footage 131 ft of low-bank shoreline. It had been listed for 10 months.
 
Denny Blaine Home
Denny Blaine Home
280 Maiden Ln E, Seattle WA 98112
Rounding out the luxury home sales, a Denny Blaine home sold for $3.505 million. The 6 bed, 4.5 bath home is an early 1900s colonial. Like many homes in Denny Blaine, this home is secluded and provides plenty of privacy. It sold after 10 months on the market.
 
---
Sam DeBord is a licensed real estate broker with SeattleHome.com, a division of Washington State Realty, LLC. He is a member of the Seattle-King County Association of Realtors and a Green-Certified Pro.
Source: Individually compiled NWMLS statistics. The NWMLS database and statistics do not include many new construction pre-sale units, private sales or auction sales. These statistics were not compiled or published by the Northwest Multiple Listing Service.
Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros
 
seattle houseboats  
 seattle real estate market

SEATTLEHOMEoCOM: Just posted on ActiveRain: Seattle Luxury Home Sales Up Big vs. 2009 http://activerain.com/t/1544281

SEATTLEHOMEoCOM: Just posted on ActiveRain: Seattle Luxury Home Sales Up Big vs. 2009 http://ping.fm/9dHyS http://bit.ly/bYtvwr

SEATTLEHOMEoCOM: Downscale upgrades are popular: Instead of playing the trade-up game, more homeowners are staying in their homes, ... http://bit.ly/bqTX0R

SEATTLEHOMEoCOM: Downscale upgrades are popular: Instead of playing the trade-up game, more homeowners are staying in their homes, ... http://bit.ly/bqTX0R http://bit.ly/bNOZmL

Friday, March 12, 2010

SEATTLEHOMEoCOM: Solar energy with jewel-like curtains on windows: The Center for Architecture Science and Ecology, a research cons... http://bit.ly/bId2uU

SEATTLEHOMEoCOM: Solar energy with jewel-like curtains on windows: The Center for Architecture Science and Ecology, a research cons... http://bit.ly/bId2uU http://bit.ly/bkWofy

SEATTLEHOMEoCOM: Gov't mortgage plan aids 16 percent of borrowers: The Obama administration's mortgage relief plan has helped only ... http://bit.ly/9vUZ9t

SEATTLEHOMEoCOM: Gov't mortgage plan aids 16 percent of borrowers: The Obama administration's mortgage relief plan has helped only ... http://bit.ly/9vUZ9t http://bit.ly/cmAGLr

Thursday, March 11, 2010

SEATTLEHOMEoCOM: @CourtneyCooper Just informed that my Northlake street sign must come down. Going on the houseboat now. Guess the liveaboards were wrong.

SEATTLEHOMEoCOM: @CourtneyCooper Just informed that my Northlake street sign must come down. Going on the houseboat now. Guess the liveaboards were wrong. http://bit.ly/cP7WOX

SEATTLEHOMEoCOM: @CourtneyCooper Yes, that was my post, had to move it down to 2524 Westlake. 2/1 Mike Kelly houseboat $169k http://bit.ly/9h9e9o

SEATTLEHOMEoCOM: @CourtneyCooper Yes, that was my post, had to move it down to 2524 Westlake. 2/1 Mike Kelly houseboat $169k http://bit.ly/9h9e9o http://bit.ly/dgbfIq

SEATTLEHOMEoCOM: @CourtneyCooper Just saw the one on Westlake (mine's up on Westlake now too). Gotta love selling houseboats in Spring.

SEATTLEHOMEoCOM: @CourtneyCooper Just saw the one on Westlake (mine's up on Westlake now too). Gotta love selling houseboats in Spring. http://bit.ly/9wic0B

SEATTLEHOMEoCOM: Mortgage rates remain below 5 percent: Mortgage rates have held below the 5 percent threshold for the second stra... http://bit.ly/a1zZP7

SEATTLEHOMEoCOM: Mortgage rates remain below 5 percent: Mortgage rates have held below the 5 percent threshold for the second stra... http://bit.ly/a1zZP7 http://bit.ly/9HbFUA

SEATTLEHOMEoCOM: Feb. foreclosure filings rise just 6% in U.S., fall 13% in Washington state: The foreclosure crisis isn't over, b... http://bit.ly/dqHw99

SEATTLEHOMEoCOM: Feb. foreclosure filings rise just 6% in U.S., fall 13% in Washington state: The foreclosure crisis isn't over, b... http://bit.ly/dqHw99 http://bit.ly/ck92Vb

Wednesday, March 10, 2010

SEATTLEHOMEoCOM: Seattle Houseboats and Floating Homes Coming On Strong in Spring: We had an early glimpse of Sp... http://bit.ly/dCzGmj Seattle Homes Blog

SEATTLEHOMEoCOM: Seattle Houseboats and Floating Homes Coming On Strong in Spring: We had an early glimpse of Sp... http://bit.ly/dCzGmj
Seattle Homes Blog http://bit.ly/cu4SB8

Seattle houseboats and floating homes come on strong in Spring

We had an early glimpse of Spring with the past few weeks of warm weather, and the feeling has created an early push in the waterfront real estate market. Sales of Seattle waterfront homes are strongly associated with the Spring and Summer selling seasons, and it looks like the listings are starting to pick up a bit before the March 20 start date for Spring 2010.
Seattle Floating Homes Real Estate
Seattle Floating Home Lifestyle
While there are usually only 15-25 Seattle houseboats and floating homes listed for sale at any one time, there were seven new listings that came on the market in the past month. Almost half of these homes were also at the more affordable end of the spectrum, coming in under $200,000.
These homes can be great candidates for the home buyer tax credit (must be under contract by April 30), as they can be primary homes and the $6500 for move-up buyers or $8000 for first-time buyers can take a large chunk out of the purchase price. Most houseboats and floating homes need to be on owned moorage to be financed, so investigating the marina and slip are important if you're not making a cash purchase.
Seattle Floating Homes
Westlake Ave Lake Union Houseboat
The lowest-priced new listing is a river boat in the South Park Marina, coming in under $100,000. Moving up to Lake Union, the most affordable houseboats are two newer Mike Kelly boats on Westlake Ave N and N Northlake Way, listed at $169,000 and $185,000, respectively. These are the least-expensive Lake Union homes available, with two bedrooms a 3/4 bath, and modern living spaces.
Seattle houseboats
Northlake Way Wallingford Houseboat on Lake Union
As we move into the $300,000+ range, the new listings become owned-moorage houseboats and floating homes. There are another two homes on Westlake and Northlake. These residences are on condominiumized or co-op moorage, and take an ownership equity in the property, allowing for financing and real estate taxes to be written off.
Houseboat Deck
Houseboat living on the top deck
In Eastlake, a floating home listed just under $500k came on the market this month on Fairview Ave. A 2nd Fairview Ave home was listed in the $700k range. Eastlake's floating homes quickly move into the $2 million category with good moorage and views of downtown Seattle. This is the most exclusive Lake Union floating community.
Home sales in Seattle seem to be picking up in general, and it's likely that a continued strong market would push more home sellers into listing their homes for now. Following the end of the tax credit, we'll get a more clear picture of the future of our real estate market in Seattle.
 
Sam DeBord and Brian Wiegand
SeattleHome.com
- Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros
 
 
seattle houseboats 
 seattle real estate market