While January was your typical slow winter sales month for waterfront homes in Seattle, February provided a surprisingly strong month. After just a few lower-priced transactions in the previous month, there were 10 significant sales of Seattle waterfront homes during February. With 7 of those 10 sales being multi-million dollar homes, we're getting a glimpse of what could be a strong market moving into the spring and a much-needed recovery in the luxury market.
February 2010 Seattle waterfront home sales
Lake Union
The least-expensive waterfront sale in February was a floating home sale in Portage Bay, just East of Lake Union. This Boyer Ave home sold for about $350,000, which is a lower-range sale for the houseboat community. This is a small, traditional floating home with a house frame, parking, and cedar shingle siding.
The least-expensive waterfront sale in February was a floating home sale in Portage Bay, just East of Lake Union. This Boyer Ave home sold for about $350,000, which is a lower-range sale for the houseboat community. This is a small, traditional floating home with a house frame, parking, and cedar shingle siding.
Eastlake
A floating home in the Eastlake community sold for $1.4 million at the end of February. This community has secured parking, multi-story homes, and a very private neighborhood. The home has 2 beds, 2.25 baths, and nearly 2100 square feet of living space. Eastlake floating homes have some of the best waterfront views in the city, and home buyers pay significantly higher prices to live here.
A floating home in the Eastlake community sold for $1.4 million at the end of February. This community has secured parking, multi-story homes, and a very private neighborhood. The home has 2 beds, 2.25 baths, and nearly 2100 square feet of living space. Eastlake floating homes have some of the best waterfront views in the city, and home buyers pay significantly higher prices to live here.
Traditional Waterfront Homes
Matthews Beach
In Northeast Seattle, a waterfront home on Riviera Pl sold for $1.3 million. This Lake Washington home has two docks, a boatlift, and plenty of parking. The 3 bed, 2.5 baths, has 2200 sq ft of living space, and is sited close to the lakefront. Matthews Beach and its surrounding areas seem to have some of the most underpriced waterfront real estate.
In Northeast Seattle, a waterfront home on Riviera Pl sold for $1.3 million. This Lake Washington home has two docks, a boatlift, and plenty of parking. The 3 bed, 2.5 baths, has 2200 sq ft of living space, and is sited close to the lakefront. Matthews Beach and its surrounding areas seem to have some of the most underpriced waterfront real estate.
Magnolia
With a $2.5 million sale, Magnolia started our high-end luxury waterfront sales for February. A 5 bed, 3.5 bath home on the Puget Sound sold at the end of the month after about 8 months on the market. This mid-century home on Magnolia's North shore has 4700 sq ft of living space, including a guest house.
With a $2.5 million sale, Magnolia started our high-end luxury waterfront sales for February. A 5 bed, 3.5 bath home on the Puget Sound sold at the end of the month after about 8 months on the market. This mid-century home on Magnolia's North shore has 4700 sq ft of living space, including a guest house.
The Highlands
In Seattle/Shoreline's gated community, the Highlands, a home on Cherry Loop sold at just under $3.1 million. The 6300 square foot estate has 4 beds and 6 baths. This property was on the market nearly a year and dropped its price nearly one million dollars in that time.
In Seattle/Shoreline's gated community, the Highlands, a home on Cherry Loop sold at just under $3.1 million. The 6300 square foot estate has 4 beds and 6 baths. This property was on the market nearly a year and dropped its price nearly one million dollars in that time.
Mercer Island
Two homes sold on Mercer Island during February, at $2.8 and $3.8 million. On the North end, a 4 bed, 3 bath, 3200 sq ft home with a dock and boat lift was the less-expensive sale. This home sold in less than two weeks on the market. The Southern Mercer Island home, with 4 beds, 4.5 baths, and 4100 sq ft of finished space is a Mediterranean-inspired home with street-to-waterfront land. It had been marketed for over two years before closing.
Two homes sold on Mercer Island during February, at $2.8 and $3.8 million. On the North end, a 4 bed, 3 bath, 3200 sq ft home with a dock and boat lift was the less-expensive sale. This home sold in less than two weeks on the market. The Southern Mercer Island home, with 4 beds, 4.5 baths, and 4100 sq ft of finished space is a Mediterranean-inspired home with street-to-waterfront land. It had been marketed for over two years before closing.
Washington Park
Washington Park is a lesser-know part of the Madison Park area, but a neighborhood rich with historic homes and waterfront estates. This 1940s home has nearly 3200 sq ft of living space, 3 bedrooms and 2.5 baths. After 6 months on the market, the home sold for $3.2 million, a $700k price reduction overall.
Washington Park is a lesser-know part of the Madison Park area, but a neighborhood rich with historic homes and waterfront estates. This 1940s home has nearly 3200 sq ft of living space, 3 bedrooms and 2.5 baths. After 6 months on the market, the home sold for $3.2 million, a $700k price reduction overall.
Windermere
At $3.3 million, a home in Seattle's Windermere neighborhood hit the top 3 sales for the month. The 3 bedrooms and 3 baths cover 3900 sq ft, and there's an additional 2/2 guest house with 1800 more sq ft. This home has 130 feet of Lake Washington waterfront, a huge swath of shoreline.
At $3.3 million, a home in Seattle's Windermere neighborhood hit the top 3 sales for the month. The 3 bedrooms and 3 baths cover 3900 sq ft, and there's an additional 2/2 guest house with 1800 more sq ft. This home has 130 feet of Lake Washington waterfront, a huge swath of shoreline.
Bellevue
With 6100 square feet of home, this waterfront home in South Bellevue was the largest and highest-priced sale of February. The Lake Washington Blvd estate has 5 bedrooms, 5 baths, and nearly a half-acre of real estate. The 2008-built home also has a four car garage, nanny's quarters, parking for 20 cars. Its final sale price was just over $4 million.
With 6100 square feet of home, this waterfront home in South Bellevue was the largest and highest-priced sale of February. The Lake Washington Blvd estate has 5 bedrooms, 5 baths, and nearly a half-acre of real estate. The 2008-built home also has a four car garage, nanny's quarters, parking for 20 cars. Its final sale price was just over $4 million.
Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros
SeattleHome.com - Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros
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