Shared Waterfront - More Bang for your Real Estate Buck

Mention luxury real estate and the first image most Seattle-area residents think of is a waterfront home. Waterfront real estate has long been the most sought-after property in Seattle, and the pricing of these properties reflects that value. While there are still some areas around the Seattle metro that offer some great waterfront values, the majority of waterfront homes have a prohibitive price tag.

In reality, though, many home buyers who are interested in having their own private boat moorage and great views of the lake may not need to buy a true waterfront home. There are many small enclaves and communities that have private access to the waterfront for all homeowners, not just the ones that actually live on the shoreline. With a variety of ownership and maintenance agreements, small groups of neighbors can share a dock that has plenty of moorage for a handful or even a dozen boats.

These docks are private property with no public access, maintaining privacy for the neighborhood and still allowing a larger group of homeowners to enjoy the waterfront. Most of the homes in these areas are close enough to the water to have beautiful lake views. The price tag, however, can be just a fraction of what a true waterfront lot would cost.

I looked at a couple of Eastside homes this week with shared waterfront access. Both provide a great neighborhood, views, and a private shared dock for moorage. The neighborhoods – Enatai in Bellevue and Holmes Point in Kirkland – are well-regarded and full of high-end luxury homes. The shared waterfront will allow the buyers of these homes to enjoy lakefront living with a signature address at a more moderate price.

Enatai – 10315 SE 30th St, Bellevue WA 98004

Holmes Point – 13411 Holmes Point Dr NE, Kirkland WA 98034

Sam DeBord is a licensed real estate broker with SeattleHome.com, a division of Washington State Realty, LLC. He is a member of the Seattle-King County Association of Realtors and a Green-Certified Pro. Listing and photos courtesy NWMLS, Katharine Gibson, Windermere Real Estate, and Carol Parker, RE/MAX Eastside Brokers . The Northwest Multiple Listing Service did not compile or publish this information.

 

 

Sam DeBord and Brian Wiegand
SeattleHome.com - Washington State Realty - (206) 658-3225
Real Estate Brokers, Realtors, Green Certified Pros