November Rentals Update

eastlakeSeattle’s King County rents have shown a decline in November compared to the previous month. Looking at the MLS database we see that 224 properties listen on the MLS have rented, with many of them being in a higher than average price range. It is a positive sign for investors across the city to know that even even after the rental increases that have been sweeping the city in previous months, Seattleites are still finding homes among some of the the highest priced rentals on listed with the Northwest Multiple Listing Service. In the month of November for instance, the highest-priced residential property that leased was a 3 bedroom 3.5 bathroom penthouse in Bellevue. The luxury penthouse consisted of over 3,000 square feet of luxury living space and went for $13,390 per month. The MLS database shows that while in the past three months only a handful of rentals with such prices have leased, there are still many others between $2,000-$4,000 that also rented. The average price of a rental in November was approximately $3,000/mo. If you are interested in how this upcoming season of Seattle’s rental market can serve you, please contact a realtor today.

Madison Park Rental Home: $5,650/Month

Madison Park rental homem

This lovely one level Madison Park home sits in the quiet Canterbury location near Madison Park Shops, restaurants and parks. Amenities include easy access to Downtown, freeway and the Eastside. Beautiful finishes include oak floors, cathedral ceilings, and a new kitchen with family room. The fenced garden boasts lovely plantings and hot tub. This spacious home has an attached two car garage that also includes a large workshop. Gardening included. Prospective tenants will need first and last month’s rent, plus one month’s rent for the security deposit. If you’re interested in this or other Seattle rentals, contact your local real estate agent today!

Status: For Rent
Bed/Bath: 3/2.5
Price: $5,650/Month

Madison Park Rental Home: $4,500/Month

mp rental

This three bed three bath Madison Park home is a perfect location, is now available for rent! Three bedrooms are located on the 2nd floor & 2 baths. The Office features views on the 3rd floor, and master bedroom has 3/4 bath and a fireplace. On the main floor, you’ll find an updated kitchen, family room, dining room, living room, & powder room. The yard space is truly amazing! There’s a large deck off the kitchen and family room, and two side patios on the South side of the home. The laundry room is located in the basement, and there is a two car garage parking off the alley. *Looking for a short term lease – 3 months* All rooms are furnished except one bedroom. For more information on this, or other Seattle rentals, contact your local real estate agent today.

Status: For Rent
Bed//Bath: 3//3
Price: $4,500/Month

Most Expensive Active Seattle Luxury Rentals

Although we usually profile and feature “run of the mill” luxury rentals, today I’d like to feature some of the most expensive active rentals on the market in Seattle and environs. We’re talking like… top 10. Yeah, the big kahunas. Not that the other’s aren’t enviable to say in the least!

10. $8,500

Located in Belltown, this property boasts not only views of downtown, but also Puget Sound and the Space Needle. With a gourmet kitchen, floor to ceiling windows, touch screen sound system, garage parking and two storage units. Listed by Joseph Kelly of Soleil Real Estate of Seattle.

9. $8,500

This contemporary Lake Union home boasts a 270 degree view of the water, heated floors, top of the line kitchen appliances and marble bath. This 1,000 square foot house was built in 2011 and has been on the market for 139 days and is listed by Scott Wasner of Sotheby’s.

8. $9,800

Want a penthouse? Who am I kidding, of course you do. And nowone is up for grabs! For rent at least. This 26th floor, 3,081 square foot residence boats three bedrooms and enormous 290 degrees of skyline, mountains, and water. Oak floors, maple cabinetry, gas fireplace, and a chefs kitchen. On the market for 44 days, this property is listed by Julia Tsurusaki with Pointe3 Real Estate.

7. $10,000

Out next most expensive property calls Mercer Island home. Originally listed at $12,000, this 3,880 square foot gorgeous waterfront home features a newly remodeled kitchen with an ensuite deck and jacuzzi tub (uh, that’s awesome). 85′ of waterfront with moorage and dock, two jets lifts and a boat lift. Nicely settled near some parks, what could get better? Not much, that’s what. Listed by Anthony Yap of TAG Realty.

6. $10,000

Tied at $10,000, this Laurelhurst home has only been on the market for a month. Fully furnished with views of Lake Washington, this 4,660 square foot contemporary northwest home comes with Laurelhurt Beach Club access. Offering five bedrooms and four bathrooms, it’s listed by Timothy Lenihan of Windermere Real Estate.

5. $11,000

Now, this one has me drooling. This unit is within the Four Seasons Private Residences Seattle. Two bedrooms and a den, valet parking, 24 hour security and concierge, mile high views, this 2,082 square foot overlooks the Great Wheel through floor to ceiling windows. With a gas fireplace and an ultra modern kitchen, it’s enough to make anyone go gaga. Listed by Scott Wasner of Sotheby’s.

4. $11,000

Another beauty at $11,000, the stunningly designed Arthur Erickson Highlands home is a looker. Having seen this sumptuous property myself, the views and grounds as well as the guest house, I can say will all certainty that it. is. worth. it. Listed by our own Betsy Terry of Our Distinctive Home Shop in Madison Park, this 7,470 square foot masterpiece is constructed  from polished concrete, with a glass ceiling. Mountain and sound views, and a Pemberley-esque (We got any Jane Austen fans out there? No? Just me? Okay) park off the swimming pool.

3. $12,500

Located in Hunts Point and built in 1995, this home is nestled on prime waterfront with lake, city, and mountain views. Designed by Curtis Gelotte, the house is nestled between manicured landscaping and old growth trees. With moorage and a dock, this 3,710 square foot home is full of natural wood and stone details, evoking the architectural style of the pacific northwest. Listed by Anna Riley of Windermere Real Estate.

2. $18,000

Another jewel of Hunts Point, this residence boasts a stunning Chihuly glass chandelier hanging from a sky-lit ceiling. This 3,000 square foot west-facing residence features rustic timers, posts, and beams embodies pacific northwest architecture and art. Listed by Tere Foster and Moya Skillman of Windermere Real Estate.

1. $20,000

Topping our list is a mansion in Clyde Hill. At 6,000 this european designed six bedroom, eight bathroom masterpiece was custom built in 2007. With a gated entrance and a large pool in the backyard, a large up to date kitchen, and an indoor jacuzzi. Listed by Robert Radulescu with The Force Realty.

Well folks, which one is your favorite??

Walkability Score- What is it and why does it matter?

Pioneer Square Pergola

Pioneer Square Pergola

Walkability- it’s a word that some of you may be familiar with already, and one that real estate marketing often uses. But what exactly does it mean?

Used by Walkscore.com, it’s intended definition is to indicate how easily and readily connected a property is to the neighborhood and community around it. For instance, is the nearest grocery store within easy walking distance? Or would it be necessary to drive there?

The higher a property’s Walk Score (or Transit Score or Bike Score) on a scale of 1-100, the more connected the neighborhood is with the property. Take this chart example. But what makes a community walkable?

  • A center: Walkable neighborhoods have a center, whether it’s a main street or a public space.
  • People: Enough people for businesses to flourish and for public transit to run frequently.
  • Mixed income, mixed use: Affordable housing located near businesses.
  • Parks and public space: Plenty of public places to gather and play.
  • Pedestrian design: Buildings are close to the street, parking lots are relegated to the back.
  • Schools and workplaces: Close enough that most residents can walk from their homes.
  • Complete streets: Streets designed for bicyclists, pedestrians, and transit.

Now, why is this score important? It’s generally known that those who walk more, whether it’s just a few steps or hundreds of steps a day are generally healthier than those who don’t. By walking more, not only do you get outside, but you also use your car less, and thereby reduce your carbon footprint. If you were able to find a property in a highly walkable area, you might be able to forgo the car altogether!

And here’s some great news: Seattle is rated as one of the most walkable cities in the U.S.! With a Walk Score of 71, a Transit Score of 57, and a Bike Score of 64, Seattle is the 8th most walkable city, with it’s most walkable neighborhoods being Downtown, the Denny Triangle, and Pioneer Square.

How important is the walkability of the neighborhood to you when looking for a new property?

Washington Park Rental Home: $7,000

washington park home

This beautiful Washington Park rental home has spectacular views of Lake Washington and Mt Rainer from nearly every room, and is now available rent. This home was completely remodeled in 2007, and is in impeccable condition. There are 4 bedrooms on the top floor, an expansive deck which is adjacent to an open kitchen and living room, and also has a wonderful backyard, and a media room! The downstairs has a separate guest suite, and the home also includes an office with a wall-wall bookcase, and a wine cellar. There is a two car garage attached for your convenience. If you are interested in this, or other Seattle rentals, please contact your local real estate agent today.

Status: For Rent
Bed/Bath: 5&4
Price: $7,000/Month

 

Madison Park Rental: 3,100

2040

This fabulous two bedroom one bathroom waterfront condo located in the Madison Park neighborhood is available for rent! This unit has been completely remodeled and now features new stainless steel appliances, marble countertops, a spacious living area, and an extensive deck. This Seattle rental offers many attractions within close proximity, such as: local shops and restaurants, bus lines, parks, the beach and much more. It also offers covered parking, a washer and dryer inside the unit, and rent includes most monthly cost such as utilities and basic cable.  In addition, if you are a boat owner ask about the availability of a boat slip.

Please inquire with Kristine Losh if you want to learn more about this tremendous Seattle rental.

Status For Rent
Bed/Bath 2/1
Price $3,100/month

Washington Park Rental Home: $8,000

mad park

This freshly rebuilt  4 bed, 2.25 bath Washington Park Home is now available for rent! The home has outstanding views of Lake Washington and Mountain views from nearly every room, including views of Mt Rainer! There are three spacious bedrooms on the upper level, and the main floor has the kitchen, and family room, with a walk-out level lawn and terrace. The lower level has a rec room, and a nanny’s quarters, and the homes comes with a two car garage. There is also ample street parking, and the home is a stone’s throw from the popular Madison Park favored restaurants and shops. If you’re interested in this or other Seattle rentals, contact your local real estate agent today.

Status: For Rent
Bed/Bath: 4/2.25
Price: $8,000

Madison Park Rental – Available for $2,375 a Month

The Madison Park neighborhood is known for their waterfront homes, views of the NW mountain ranges and short distance to several neighborhood parks. If you’re looking for a waterfront property to rent in the Seattle area, this gorgeous corner unit next to Madison Park beach and park is now up for grabs. This two bedroom one and a half bath unit is near several shops and restaurants in the area, including the Madison Park Conservatory, The Attic and Cactus eateries. The Madison Park neighborhood is said to be one of the best around Seattle, and if you’d like more information regarding this waterfront rental, please contact Ewing and Clark.

Stunning Leschi Home w/ Views – RENTED

This beautiful Craftsman-style Leschi home with sweeping Lake & Mountain views was just rented by Ewing & Clark, Inc. This rental featured a main floor-living room with gas fireplace, formal dining room with access to view deck, kitchen with granite counters and top appliances, family room off kitchen with sliders to rear deck and yard, half bath and gleaming hardwood floors throughout. Please contact Garrett McGuire or Nate Pearson if you would like assistance in renting your home.

Status: Rented
Bed/Bath 5/3.5
Last List Price: $3,295/mo