South Lake Union

South Lake Union

South Lake Union is at the south tip of Lake Union and a little more than a mile north of downtown Seattle. As Seattle’s downtown lakefront neighborhood, South Lake Union is a neighborhood that blends modern culture with historic sensibilities. Cutting edge scientific laboratories co-exist with urban lofts and penthouses to create an authentic vibrant community offering something for everyone.

South Lake Union is quickly becoming one of Seattle’s most desirable neighborhoods to live in. This formerly industrial area has been undergoing a transformation into a high-tech playground with soaring condominium towers, eclectic restaurants and sleek office buildings that are now home to many of the region’s top creative class companies including NBBJ, Tommy Bahama, Cole & Weber/Red Cell and Group Health Cooperative. Add Microsoft and Amazon to the list of companies now in South Lake Union and you can imagine the demand for housing here.

South Lake Union provides all types of housing solutions for a diversity of budgets. Development over the last five years has created thousands of jobs,millions of square feet of office, laboratory, retail and hotel space and thousands of rentals and condos. Prices for South Lake Union condominiums range between $300,000 and $2,000,000. In October 2012, Amazon announced it would spend over $1 billion to purchase its South Lake Union corporate headquarters from Microsoft founder Paul Allen’s investment firm. Based on the value of the deal, Amazon would pay the highest ever price for an office building over 100,000 square feet in Seattle at around $644 per square foot, more than double the then-current average rate of $308 per square foot for the city’s office space, according to Real Capital Analytics.

As of March 6th, 2013, the least expensive property for sale in South Lake Union is a 1 bedroom, 1 bath condominium priced at $325,000 while the most expensive is an empty shell in a 6-unit building offered for $1,175,000. Looking at the last 90 days, the Median List Price in south Lake Union is $750,000.

Featured South Lake Union Homes For Sale