The number of bank-owned waterfront condos in Seattle and King County is surprisingly low, keeping in line with the scarce waterfront single-family homes in foreclosure. As of today, there are only two condos in the entire county that are listed as bank-owned waterfront, and just one of those is actually sitting on the waterfront line.
The first condo is in the Broadview/Bitter Lake area of N. Seattle. A 1 bed 1 bath condo, it's listed for just under $220,000. The condominium complex does border on Bitter Lake, and there is a trail for residents, so this is technically designated as waterfront.
The second waterfront condo is in the Kennydale neighborhood of N. Renton, just South of Bellevue on Lake Washington. This condo is a 2 bed, 1.75 bath unit with views of the lake and city. I have clients who have lived in this building, it sits right on the edge of the Lake Washington, it has a great pool right next to the lake, as well as having moorage for residents' boats. The access is just off I-405, so it's a great area to commute from. At just under $300,000, it seems to be very well-priced for a bank-owned home.
Sam DeBord and Brian Wiegand
SeattleHome.com (206) 431-5900
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