Aug

26

In Washington State, and the Seattle area in particular, real estate has been booming. With a healthy jobs market and plenty of great locations still available, it’s no surprise that buyers are snapping up homes as they become available. One of the most attractive features of the greater Seattle metropolitan area is its waterfront property, which is bordered by Lake Washington, Lake Sammamish, and the Puget Sound, among other bodies of water. Thanks to an array of features, including a gorgeous view and convenient transportation options, waterfront property continues to be a desirable choice for Washington residents. Where the market really shines, however, is in its luxury waterfront real estate.

A New Olson Kundig Home

As a shining beacon of what you can find on the waterfront, there’s a new waterfront home available from legendary Olson Sundberg Kundig Allen Architects. The home is available for $5.895 million, and it comes with all of the niceties and amenities you would expect with that kind of price tag, such as tall ceilings, floor to ceiling windows, custom millwork, columns, and an open concept floor plan. It even combines indoor and outdoor living by providing a dock with boatlift for your boat, terraces on the waterfront, and a large balcony off of the massive master suite to overlook the water of Lake Washington. This is just one example of the kind of luxury available on the waterfront in Seattle.

The Locale of Luxury Waterfront Real Estate

It’s one thing to buy a nice property on the waterfront, but it’s another thing entirely to buy something based on the location itself. Fortunately, waterfront property like the new Olson Kundig home is located in the prestigious Washington Park neighborhood. This area is known for many of Seattle’s most desirable waterfront locations, as well as elegant streets and famed residences. If you look for a waterfront home in this particular neighborhood, you’ll be in good company, as many of Seattle’s power brokers live in this community’s enormous and stylish waterfront houses. Of course, there are other waterfront communities throughout Seattle that offer plenty of perks, such as close proximity to the heart of Seattle and access to amazing cafes and shops.

Future Prospects for Seattle Real Estate

In general, the outlook for Seattle real estate is good. It has been outperforming the nation, with property prices up by over 15 percent compared to a year ago, according to Zillow. At the same time, bank-owned home sales make up less than 10 percent of total sales, which means the local real estate market is rebounding nicely. With the luxury of some of these waterfront homes, it’s clear that there’s still healthy demand in the area. If you’re interested in an attractive home with a fantastic view, and one that also happens to be a great investment, then it just might be worth your while to look into some quality waterfront real estate in one of the bustling Lake Washington communities in the greater Seattle metropolitan area.

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