There are three floating homes/houseboats on the market that are bank-owned homes. These foreclosures are available to the general public, and many times offer a discounted price compared to traditional home listings.
The first houseboat is in the Eastlake community of Lake Union. On a co-op dock, it's a small, but completely modern studio. At $350,000, it's one of the best prices you'll find on a Lake Union houseboat, but it's more of a weekender than a full-time residence.
Moving over to Portage Bay, we have two floating homes that are also very modern, being built in the oast few years. Listed at $400k and $485k, these homes offer more living space with a separate bedroom. Modern construction of houseboats and floating homes can take away many of the hassles of traditional houseboat living, so these are great homes for the first-time houseboat buyers to try out the lifestyle.
During down economic times, these homes seem to lag a bit longer on the market, and it's the perfect time for someone who has been looking into living on the water to get a great deal that they might not be able to afford during a booming economy.
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