2019: A Review of Seattle Floating Homes Sales and Activity

2019 proved to be another happy ending for Seattle floating home sales in Seattle, Wa. 

We saw 22 Seattle floating homes successfully sell on Lake Union and Portage Bay.  We saw more activity than ever in Portage Bay this year!  Could this be the new hot neighborhood for Seattle floating homes?  NINE sold in Portage Bay, THREE in Westlake and the neighborhood which has more floating homes than anyone… Eastlake saw TEN floating homes sell.

What type of homes sold around Lake Union and Portage Bay and how long did it take?   

A cute Westlake floating home for $500,000 sold in about 88 days.  It’s one bed, one bath, and 500 square feet. It’s your typical 1920’s cabin style one story floating home.  $3,438,000 tipped the scales for the largest sale this year which goes to the beautiful Ward’s Cove community. City views, boat moorage, luxury high end finishes for a 2016 built floating home with gated parking are just a few of the perks.  Whether it’s a small charming floating home or a new or remodeled floating home the average purchase price when you include all the sold floating homes rounded out at $1,393,205.  Let’s not forget the average square footage was 1,280.  Calculating these two numbers gives us our price per square foot which is $1,088.  And it took all 21 of these homes an average of 67 days on the market.

Speaking of days on market, SeattleAfloat/Cooper Jacobs successfully listed or sold 63% (14 out of 22 homes) including four off market sales for clients.

What does 2020 look like for buying and selling Seattle floating homes?

We had some creative connections in 2019 which makes it so incredibly gratifying to know the people in this community so we can connect the dots.  We saw people moving up, scaling down, and literally moving their floating homes on the lake. Looking ahead, Seattle real estate has all indications to continue our growth.  More people moving here because of more jobs which means more home developing. We describe our business of selling floating homes sometimes like balancing on a paddle board. These properties do feel slight ups and downs as related to land homes but they continue to ride the wave skimming just the surface without much turbulence at all.  To add to the purchasing power, we have better than ever floating home lenders we continually work with and not surprising competitive for your business.  

When is a good time to sell?

Every year is different.  This is not just me saying something vague.  This year we saw no sales in the first quarter!  It picked up in May with three closings. June there were four.  And July saw THE largest closings in a month which was 5. September was right behind with four closings, October saw 2 and November there were THREE closings!  In a nutshell, 2019 saw a very slow start and then…well then it was no stopping. The number of buyers came out ten fold in the last quarter of 2019. So sellers – the objective is to have your home ready for the most pickiest buyers to attract them from January to December.  Because I guarantee there are always buyers shopping online for a floating home. They’re just waiting for the right one. 

 Case in point:  We listed a wonderful end of dock floating home in December (right in the middle of the holidays!) for $750,000.  It’s the brown one in the middle pictured here. It got immediate attention and now is pending after 5 days on the market.

As always, we appreciate your time in reading our material and if you ever have a question – ask us!  We love to hear from our audience. 

Quick Explanation for those who need it:

Floating homes by definition are homes registered by the city and county as floating on logs (old growth cedar logs) or concrete and are locked into a dock by way of moorage arms or chains.  They are connected to the city’s sewer, water, and electric. Floating home owners enjoy including their moorage slip as part of their real estate footprint and do pay taxes on this. By comparison, there are still a couple of docks which have a landlord instead of a co-op or condo ownership.  They enjoy rent control for their slips. Ask us more about this topic if you’re interested.

Happy 2020 Everyone!

Check our current floating homes listed RIGHT HERE.  There are currently 4  floating homes listed active right now.

RENTED – Mallard Cove Floating Home For Rent

Excellent Rental Opportunity!

Fairview Ave E

Seattle 98102

Description

Mallard Cove! Gracious & rare, 2000 sq. ft. open floorplan floating home. Floor to ceiling windows capture active views across Lake Union to Gas Works Park! Newly painted home, two spacious bedrooms, two offices and two bathrooms. Brand new kitchen with modern, acrylic cabinets and quartz countertops and bar. Gorgeous sharkskin maple hardwood floors and new carpet in the bedrooms. Plenty of storage and moorage for a boat less than 14 ft in length & 2 indoor parking spaces. Unbelievable 4th of July fireworks from the rooftop deck – ready to entertain! Go to dinner by boat, enjoy the Duck Dodge sailboat race, paddle board from your deck, live this unique lifestyle, in style. Located one block from desirable TOPS K-8 public school. NO PETS. Available April 1. $4,800/month. First month plus security deposit ($3,500). Rent includes water/sewer/garbage.

Amenities/Features

  • Lake Union traditional floating home in peaceful Eastlake neighborhood, close to restaurants, public transportation, I-5, and South Lake Union
  • 2 bedroom, 2 offices, 2 bath, 2000 sq feet – comfortable for 4 people
  • Cozy, comfortable, wood floors, gas fireplace, freshly painted
  • Bright, open floor plan
  • Roof top deck
  • Spacious, fully remodeled kitchen with stove/range, dishwasher, microwave
  • Washer/dryer
  • Decks with space for lounging and watching wildlife
  • View down the channel, across to Gasworks Park
  • Small boat moorage
  • Free parking steps away
  • 5 minute walk to the bus, 15 minute bike commute to Amazon/South Lake Union and 3 minutes to I-5

Details

  • Availability: April 1, 2017
  • Lease: 6 months to 1 year
  • Application fee: $42
  • Rent: $4,800 per month. Water/gas/sewer included. Small boat moorage is included. Parking is free.
  • Deposit: First month’s rent plus a $3,500 security deposit. $150 of which is a non-refundable cleaning fee. The balance is refundable if no damage.
  • Pets: No pets
  • Smoking: No smoking
  • Contact Molly today!  molly@cooperjacobs.com
  • More photos:  https://goo.gl/photos/7g3ZdLkkDC2wg4fS9

RENTED!!! Excellent Opportunity! Rent this floating home for just $2,000 per month

Excellent Opportunity!  Rent this floating home for just $2,000 per month.

2331 Fairview Ave E, Slip A
Seattle 98102

Description

Live life afloat in this adorable Seattle floating home. Freshly painted, 1-bedroom, open floor plan, and great orientation to the water. This furnished home comes with gas cooking and fireplace and all appliances, including washer/dryer. Cute deck for eating and relaxing with serene entrance. Swim, kayak, watch the fireworks and the Christmas ships – it’s all here. Dock your small boat alongside and live an amazing life on Lake Union!

Amenities/Features

  • Lake Union traditional floating home in peaceful Eastlake neighborhood, close to restaurants, public transportation, I-5, and South Lake Union
  • Furnished, 1 bedroom, 1 bath, 674 sq feet – perfect for 1-2 people
  • Cozy, comfortable, wood floors, gas fireplace, freshly painted
  • Bright, open floor plan
  • Skylights provide great light and air-flow
  • Spacious, fully furnished kitchen with gas stove/range, dishwasher, microwave
  • Washer/dryer
  • Wrap-around deck with space both the side and front for lounging and watching wildlife
  • View down the channel, across to the Sleepless in Seattle house
  • Small boat moorage, and comes with use of kayak
  • Free parking steps away
  • 5 minute walk to the bus, 15 minute bike commute to Amazon/South Lake Union and 3 minutes to I-5

Details

Westlake Floating Home For Rent

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Now is the time! Exceptional two bed, two bath floating home will be available for rent in Spring of 2017 for short term rental from April through July. Great views from a beautiful master bed and bath with a sauna, plus another guest bedroom and bath on the main floor. Near the end of an awesome dock in Westlake AND room for your 26′ boat + kayaks too. Rent is $3500 per month. Plus an application fee of $40 for background and credit check history.  No pets, please.

For inquiries, please email molly@cooperjacobs.com.

Portage Bay Floating Homes View

Yes; Seattle Floating Homes DO Sell Year Round.

1213 E Shelby Street #13 Current For Sale two beds/ two baths/ 1250 square feet $945,000

Yes; Seattle floating homes do sell year round.
Two words: Indian Summer. 

By Molly Cartwright, Seattle Houseboats Expert

I don’t know about you, but I completely look forward to our beautiful Indian Summers (a period of unusually dry, warm weather occurring in late autumn) here in the Pacific Northwest.  I actually prefer the other definition of Indian Summer; a period of happiness occurring late in life.

Don’t wait until “late in life”.  The time is now.  Time to enjoy happiness all the time by living on a floating home in Seattle!  We thought you’d like a quick snap shot of what the last six months have looked like for Seattle floating home sales.

12 Seattle floating homes sold with a median sold price of $747,500 on a 969 sq ft footprint.

The least expensive Seattle floating home sold for $475,000 was a darling one bed, one bath, 555 square feet; perfectly remodeled from head to toe in Portage Bay.

Seattle Floating hOmes RealtorsThe most expensive floating home sold so far was a cool $2M on a fantastic co-op dock in Eastlake. It had beautiful outdoor spaces, custom built ins and only one bed, one bath over 1.367 square feet.  Finishes were divine and the architecture was exquisite.  view 2 One of our favorite Seattle floating homes just sold for $1.5M. Sitting pretty at the end of a condo owned Portage Bay dock, this home felt like a cabin on the water with privacy that can be sometimes hard to find on a floating home. It was so far out on the lake that you were able to high five kayakers as they paddled by.

Whether it’s Westlake, Eastlake, or Portage Bay if you’re looking for a unique lifestyle that is like no other in Seattle, you’ve come to the right place. There are some really fantastic floating homes on the market right now. Call Seattle Houseboats Experts Molly Cartwright or Courtney Cooper today and let’s talk.

 

www.seattleafloat.com / www.cooperjacobs.com
1100 Dexter Ave N Ste 275
Seattle, WA 98109

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