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What’s for Sale in South Lake Union

From wider bus lanes to tech offices spanning city blocks, South Lake Union is growing

By Cassie Gruber January 13, 2016

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This article originally appeared in the February 2016 issue of Seattle magazine.

Neighborhood Snapshot
Population: 5,341
Median Household Income: $50,278
Median Home Value: $400,633—9.2 percent less than the Seattle average and 46.8 percent greater than the Washington average.
Median Rent Prices: $1,188
Walkscore: 91—Lake Union is in the top 10 of the most walkable neighborhoods in Seattle.
C You Real Soon: Passed last November, the Proposition 1 Let’s Move Seattle levy contains plans for the Seattle Department of Transportation to improve traffic flow throughout South Lake Union by creating dedicated RapidRide bus lanes along Westlake Avenue and expanding the RapidRide C Line to better connect the neighborhood to downtown.
Work And Play: New restaurant and retail offerings are replacing the warehouses and industrial buildings historically associated with SLU as the rapid growth of the tech job market increasingly reshapes this city neighborhood into an area for young professionals to live and work in.

Population: 5,341 
MEDIAN HOUSEHOLD INCOME: $50,278   
MEDIAN HOME VALUE: $400,633—9.2 percent less than the Seattle average and 46.8 percent greater than the Washington average.  
MEDIAN RENT PRICE: $1,188  
WALKSCORE: 91—Lake Union is in the top 10 of the most walkable 
neighborhoods in Seattle.
C YOU REAL SOON:
Passed last November, the Proposition 1 Let’s Move Seattle levy contains plans for the Seattle Department of Transportation to improve traffic flow throughout South Lake Union by creating dedicated RapidRide bus lanes along Westlake Avenue and expanding the RapidRide C Line to better connect the neighborhood to downtown.
WORK AND PLAY: 
New restaurant and retail offerings are replacing the warehouses and 
industrial buildings 
historically associated with SLU as the rapid growth of the tech job market increasingly reshapes this city neighborhood into an area for young professionals to live and work in.

Additional reporting by Madeline Lootens

 

POPULATION: 5,341 

 

Lot Life
Price: $499,000 
Square Footage: 867; 1 bed, 1.5 baths
Number of units: 99
Property Taxes: $4,300
Year Built: 2009  
Listed: December 2015
Neighborhood Public Schools: Lowell Elementary (ranked 4/10), McClure Middle School (8/10), Garfield High School (6/10)


Vaulted wood ceilings add rustic charm to this modern loft, Photo by Seattle Home Photography


Enjoy city views from the private balcony, Photo by Seattle Home Photography

Suite Escape
Price: $549,000
Square Footage: 918; 1 bed, 1 bath
Number of units: 59
Property Taxes: $4,034
Year Built: 2006
Listed: October 2015
Neighborhood Public Schools: Lowell Elementary (ranked 4/10), McClure Middle School (8/10), Garfield High School (6/10)


Hardwood floors flow throughout the open layout, Photo by Tucker English Photography


Private office space makes it easy to work from home, Photo by Tucker English Photography

Park(ing) Spot
Price: $799,000
Square Footage: 1,206; 2 beds, 1.75 baths
Number of Units: 102
Property Taxes: $5,156
Year Built: 2006
Listed: November 2015
Neighborhood Public Schools: Lowell Elementary (ranked 4/10), McClure Middle School (8/10), Garfield High School (6/10)


Spacious living and dining rooms make for easy entertaining in the city, Photo by Evan Parker

 
This SLU abode is just blocks from Denny Park, Photo by Digital Homeshow

Note: Some or all of these homes may have sold since publication.

Snapshot sources: areavibes.com, bizjournals.com, crosscut.com, downtownseattle.com, geekwire.com, historylink.org, 
king5.com, redfin.com, seattle.curbed.com, seattle.gov, seattletimes.com, walkscore.com. Neighborhood Public Schools rankings based on greatschools.org’s comparative, statewide test score data. Highest-rated schools in the state are designated as “above average” (10) and lowest as “below average” (1).

 

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