There were two significant Seattle waterfront real estate sales in the month of July. Both sales were on the Puget Sound waterfront, but coming from opposite ends of the city.
A 2 bed, 2 bath, 1500 sq ft West Seattle home on Beach Dr sold for $930,000 after 4 months on the market. This was clearly a sale based on the land value, the home will very likely be torn down and rebuilt. They didn't even bother putting pictures of the home in the MLS listing. There are very few folks in the Seattle area who will spend nearly $1 million and live in a 1500 sq ft home. The west-facing views should make this a great lot for a new house.
On the North end of Seattle, a Blue Ridge home sold for just under $1 million. This was a 2500 sq ft, mid-century home built specifically for the views. It had been on the market for about 5 months. This is a high-bank waterfront property, so most likely the access to the beach would be through the community Blue Ridge beach/park access. The Puget Sound waterfront in the Blue Ridge/North Beach area is some of the calmest, with great walking beaches and low surf.
Sam DeBord and Brian WiegandSeattleHome.com
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