Waterfront home owners, on average, have more equity in their homes than other home owners, and their homes hold their value better. That hasn't stopped some waterfront homes in the Seattle area from going on the auction block, and reverting back to the bank.
To be honest, the number of foreclosures on waterfront homes in the Seattle metro is astonishingly low. There are five total bank-owned, waterfront homes in King County available for sale right now. Of those, two are "creek waterfront" - not high end waterfront homes. A couple of other homes are quite interesting.
The smallest is a cozy floating home on Lake Union. It's a 2007-built, high end studio with Wolf and Sub-Zero applicances, tile, cedar, and ironwood floors. As a floating home, it's no full-time live-aboard, but it would be a great weekend getaway.
The jewel of the bank-owned waterfront is a Lake Washington home in Kirkland. Listed at $3.9 million, this 5 bed, 5.5 bath palatial estate is as exclusive as its price. With 60 feet of Lake Washington waterfront, hidden staircases, a boathouse and a four-car garage, the term "foreclosure" may have never been applied to such a magnificent home in the Greater Seattle real estate market.
Seattle Waterfront Homes For Sale
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment