There have been a good number of new waterfront foreclosures in the Seattle area. From creeks to Lake Washington waterfront, these properties are usually well-priced.
Surprisingly, there are still three bank-owned floating homes for sale. These properties have been on the market for a while, and are not your average houseboats. They're newly-built, high-end, floating homes with quality appliances and building materials. It takes a unique buyer to live in a floating home, but these seem to be very inexpensive compared to the prices we've seen over the past few years:Seattle floating homes
The highest-end home is a waterfront home in Holmes Point. This Lake Washington waterfront home in in the North end of Kirkland and is listed around $3.5 million. Clearly, if it was still owned by a traditional home owner it would be priced higher than this. There are some real deals for waterfront home buyers available, if they're willing to tread in the waters of bank-owned homes.
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