Floating Homes vs Houseboats in Seattle…

Seattle Floating Homes vs Seattle Houseboats: A Cost Comparison Report During a Hot Real Estate Market

seattle houseboats

Let’s start with the terms…  Intro by Courtney Cooper   Call/Text 206-850-8841 courtney@cooperjacobs.com

I call all of them Seattle houseboats.  That’s my choice and also one of many of the old timers on the lake.  I live on a 100 plus year old Seattle floating home in Portage Bay.  Long before the more recently added  categorization of Floating On Water Residences came into being to add liveaboards to our MLS database, they were all houseboats.   Houseboats was an umbrella term and still is for some like myself. It’s a lifestyle and I will continue to call floating homes “houseboats”, too.  I use the terms interchangeably, actually.   Molly, my business partner tends to go a different direction on terms.  She breaks them out into EITHER floating homes, houseboats (what I consider the vessel type), and barges.  See below if you need a visual on our views.  Neither is correct or wrong, but Molly wrote most of this post so I am clarifying….

Courtney’s way:


“Houseboats”  are any of the following:

  • Floating homes
  • Liveaboard Barges
  • Liveaboard Vessels

Molly’s way: 


Specific terms for each (although I have also heard her use my way on occasion…..):

  • Floating homes
  • Houseboats
  • Barges

And now… Back to the originally scheduled program.

Seattle Floating Homes vs Seattle HouseboatsSeattle floating homes

by Molly Cartwright call/text 206-841-6800  molly@cooperjacobs.com

We’d like to give a little insight for those who are looking to purchase (or have purchased) an iconic floating home or houseboat in Seattle.   Do they appreciate the same as land Seattle homes? We get this question quite a bit.  What do I look for in these types of properties?  We get this one a lot too.  We’d love to hear from you to better answer your questions on an individual basis.  

But above all the questions, this is the number one most asked question:

“Do I buy a floating home or a houseboat?”  We know it can be confusing!  So hopefully with this break down and after talking to a Floating Home Lender, we can help answer that question.

Since January 1, 2016 until TODAY August 10, 2017.  Here’s the breakdown:

Of Seattle Floating Homes, there have been a grand total of 31 sales.  This DOES NOT including Private Sales which we know of at least four on the lake between the $1M and $2M price tag.  

Sold Floating Homes                   31

Median Price                               $1,209,676

Average Square Foot                  1,172

Average Price Per Square Foot  $1,147

Average Days On Market            38

 

Of Seattle Houseboats, here is the break down:

Sold Houseboats                         22

Median Price                               $354,148

Average Square Foot                  564

Average Price Per Square Foot  $651.00

Average Days On Market            37          

Please call me if you are curious about getting more information. I am happy to talk to you about buying or selling Seattle real estate.  Seattle floating homes are the ultimate in Seattle waterfront living and we are happy to show you these or other Seattle waterfront homes. I look forward to showing you this lifestyle.  – Molly  206-841-6800

Seattle Luxury Market $5M + This Year Vs. Last Interesting Points

Seattle Luxury Market $5M + This Year Vs. Last:   Should we be concerned?

Looking at the Seattle luxury homes market for only single family residential properties that are listed for $5,000,000 or more, there has only been one sale that has closed this year!  In Laurelhurst,  a Seattle waterfront home located at 4911 NE Laurelcrest Lane was listed for $9,998,000 and sold for only $8,850,000 in March of this year. At face value this stat alone would likely be cause for concern for property owners contemplating selling their higher caliber Seattle homes.

Since the Seattle real estate market overall is on absolute fire, you have to dig deeper to see what is going on. This property closed in March. One sale in Seattle for over $5 million dollars this year so far.  How does that compare to last year? There were seven single family residences that sold for over $5,000,000 in the city of Seattle all of last year. All seven of these Seattle luxury homes – over $45 million in sales –  closed between 5/31/2016 and 7/14/2016.  You can see details of the sold Seattle luxury homes of 2016 here: seattle luxury homes 2016 .  It is interesting to look at the individual stats for them.  The average days on market for all seven in 2016 was 142 days with a range of 13 days to 368 days. The average sales price to list price ratio is 97.43% with a range of 89.57% to 122.11%. Only one Laurelhurst waterfront home in the list of sales went for over the list price of $4,750,000 with a final closing price of $5,800,000 in only 13 days. Another on the list across the water from Laurelhurst – one of the Broadmoor homes for sale sold for full ask in just 16 days.

Fast forward back to 2017 and where we are now.  There are 14 actives in the MLS for single family residential homes asking over $5,000,000. They range in price from $5,395,000 to $15,000,000 with a median price of $7,725,000.  The cumulative average days on market is 248 wth a range of 6 days to 709 days.  Six of these homes will need to sell between now and July 14th to catch us up to 2016 numbers. On the list, there are only two of these Seattle luxury homes that have reduced their price.  Oddly enough they are both in Queen Anne. One has dropped significantly from $7,500,000 to $5,395,000.  It has been on the market for 709 days.  The other is also a Queen Anne home for sale which has dropped their price form $7,500,000 to $6,895,000 and has been on the market for 216 days.

Back to my question – Should we be concerned with regards to the 2017 Seattle luxury home market?

My answer:  not yet.   We need to keep an eye on this.  If we catch up tot 2016 numbers and then sell our all 14 of the current listings then we are going to be pulling down much bigger numbers for 2017 and this should be encouraging for those thinking about selling. This should be the trigger if you are on the fence about selling. The buyer pool once you cross the $5 Million dollar threshold is much smaller so if our market has grown to be able to support 14 sales in one year to high net worth individuals for over $5,000,000 then this is cause to be recognized as a major achievement in the market.

Need help selling your home?

If you are thinking about buying or selling a Seattle area home, please let us know how we can be at your service.  Our team of brokers is reliable and honest and we work hard for you.  Our goal is to meet and exceed your goals.  homes@cooperjacobs.com call/text 206-850-8841

Seattle Houseboats: 2014 Floating Homes Show Was A Hit!

Seattle Houseboats Brokers

Thank you to all the amazing volunteers who showed up in full force to make the 2014 Seattle Floating Homes Tour a success!

floating homes tour poster

Cooper Jacobs Brokers were on site to volunteer as well!

Thank you to all the members of Cooper Jacobs Real Estate.  This tour is a way for our office to give back to a phenomenal community! The Seattle floating homes neighborhood is very near and dear to our hearts and all proceeds of this tour go to the Floating Homes Association.

floating homes tour map

There were twelve Seattle floating homes on the tour this year in both Eastlake and Westlake.  We had 6 electric boats going back and forth across Lake Union as well as buses for ticket holders to go back and forth.

The theme this year was Wonderful Water Colors and co-chair Sue Jostrom was responsible for the beautiful pieces of art in the ticket/brochure. Courtney and Molly coordinated roughly 100 volunteers over two different shifts.  Jann , Melissa, and LeAnne were at Will Call passing out tickets to the purchasers of the sold out tour.  There were 1200 tickets sold this year and it was a success all the way around.

seattle realtors

Thanks to Brian Olsen and Jim Dougherty for being two of the twelve Captains crossing Lake Union on what was a very busy day on the lake! Thanks to Rick and Joyce Miner for providing the signage for us and thank you to Tricia Rendina and Joyce Black for being co-chairs and organizing sponsors, etc. This was a huge collaborative effort which goes back many months.

Additional reading if you are interested in this lifestyle or other Seattle neighborhoods:

Blog with lots of info about Seattle Houseboats

Seattle Floating Homes for sale

Seattle waterfront homes

Seattle neighborhoods

Eastlake Seattle Floating Home: 2017 Fairview Ave E #O

Seattle houseboats

Welcome to life afloat on the extremely desirable and most southern dock in Eastlake!

This adorable two bedroom Seattle floating home has a wrap around deck and wide channel views.  If you are looking at Seattle houseboats, then you know that this is a fabulous dock!

2017 Fairview Ave E #O

Open floor plan with beautiful and bright lighted spaces allows for comfortable living and easy entertaining in this great community.  $695,000

  • 2 Bedroom
  • 1 Bath
  • 700 Square Feet

seattle houseboats

Own your own slip and boat moorage possible with community approval. Pet friendly dock.

Kitchen is updated and has heated floors, new carpet, paint, and lots of great details.

Courtney Cooper 206.850.8841/Molly Cartwright 206.841.6800

Live Sleepless In Seattle Style On A Lake Union Floating Home

Beautifully Updated Seattle floating home for sale…

seattle floating homes for sale

2031 Fairview Ave E, Houseboat “P”

$775,000

Stunning Eastlake Seattle floating home for sale and new on the market—2 bedrooms, 2 baths, bamboo floors, new windows, new exterior paint, roof top deck, window seat, room for your small craft or water toys, LARGE 10 x 4 ft kitchen island for entertaining & a cook’s dream!

  • 2 Bedrooms
  • 1.75 Baths
  • 1100 Square Feet
  • Built in 1985
  • Owned Moorage
  • $385/month dues
  • LOW yearly taxes at $2005/year
  • roof top deck
  • updated finishes throughout

Beautiful surfaces and finishes everywhere you look! Hip glass“garage door” let’s in the light & the fresh air and is just one of the reasons you will fall in love with this home!  Here are some more pictures or you can see the full listing here:  2031 Fairview Ave E #P

For Your own private showing or for more information on this Seattle floating home or other Seattle houseboats, please get in touch with Seattle floating homes Realtors Courtney Cooper (courtney@cooperjacobs.com) or Molly Cartwright (molly@cooperjacobs.com or 206-841-6800) of Cooper Jacobs Real Estate. If you are interested in other Seattle floating homes for sale, we would love to show you what is available besides this beautiful property.

Seattle Floating Home For Sale With End Of Dock Views!

2031 Fairview Ave E, Floating Home #G, Seattle, WA 98102 on the Lake Union Co-op Dock

2031 fairview ave e

This immaculate Cape Cod one level Seattle floating home is at the end of the dock with both privacy and unobstructed views of Lake Union.

If you have been shopping for Seattle houseboats, then don’t miss this one! It has 2 bedrooms, 1 very large exquisitely remodeled bathroom, and a desirable open floor plan. This floating home is roughly 1184 square feet with a large wrap around deck, and working fireplace.

seattle floating homes for sale

Originally built in 1957, it had a complete remodel in 2001 and has been updated since including a new roof in 2013. Fully renovated with flexibility as it can be perfect as is or take advantage of large float size with a 2 story 3200 square foot home.

  • Large float:  1827 square foot float.  In top 5% of floats on lake and home only occupies slightly over 50% of float.  This home is great to live in as is or can be a expanded to up to 90% of float size

  • Expand up (18 feet from water line) or out for larger Lake Union dream floating home

  • Den/office/mudroom has its own entry and room for an additional ½ bath

  • Parking available at an additional costseattle floating homes for sale

  • New roof in 2013 with reinforcements added for roof top deck expansion

  • All new floors – maple hardwoods

  • All new electrical panel, wiring, and fixtures

  • All new Anderson windows, wood trim, French doors

  • All new stainless appliances in kitchen and large washer and dryer in mudroom

  • 360 degree views from roof which has charming circular staircase ascending to it

  • Room for 24 foot boat tied up to home included plus additional kayak space.

  • Pet friendly dockSeattle floating homes for sale

  • Dues:  $385/mo cover general dock fund for maintenance, real estate taxes for co-op, and any matters of vote

  • Offered for:  $1,188,000

For Your own private showing or for more information, please get in touch with Courtney Cooper (courtney@cooperjacobs.com) or Molly Cartwright (molly@cooperjacobs.com or 206-841-6800) of Cooper Jacobs Real Estate.  If you are interested in other Seattle floating homes for sale, we would love to show you what is available besides this gem.

Seattle Waterfront Real Estate: Where To Find ALL Seattle Waterfront Homes For Sale

Seattle waterfront homes come in many different forms.  seattle waterfront homes

We have a lot of water in Seattle and there are some premium Seattle waterfront neighborhoods in many parts of the city and Seattle suburbs. You can find Seattle waterfront homes for sale on our Seattle real estate website.  In fact we have many talented and well qualified Seattle waterfront real estate brokers at Cooper Jacobs Real Estate!  Whether you are a buyer or seller we can help guide you through the intricacies that are involved in Seattle waterfront real estate. Email:  Waterfront@CooperJacobs.com

seattle waterfront homes

 

Some Seattle Waterfront Neighborhoods:


Madison Park

Laurelhurst

Magnolia

Lincoln Park

North Beach

Alki

Seward Park

Eastlake

Westlake

Lake Union

Portage Bay

Broadmoor

Denny Blaine

Cedar Park

Blue Ridge

Ballard

Sunset Hill

Washington Park

Windermere

Sand Point


Some Seattle Suburb Waterfront Neighborhoods:

Medina

Hunt Point

Bellevue

Kirkland

Juanita

Lake Forest Park

Kenmore

Mercer Island

Bainbridge Island

Renton

Richmond Beach

Edmonds

Mukilteo

Everett

Yarrow Point

Sammamish

Newport Shores

Normandy Park

Gig Harbor

Fox Island

Purdy
Regardless of where you are looking for Seattle area waterfront homes, we can probably find something that might suit you and we have many brokers that specialize in the best Seattle waterfront neighborhoods and suburbs to get you the care and diligence you need.

Lake Washington Homes Across The Puget Sound

Are you interested in Lake Washington Homes?
Lake Washington is much bigger than many people realize and it touches the shores of many interesting and unique communities….
Lake Washington waterfront homes vary in size and style and no two seem to be the same.  One thing that is consistent is the fabulous access to Lake Washington.
You can actually browse through some of the Lake Washington waterfront communities on our site here
This is only a small sampling of some of the many communities along the banks of Lake Washington.  Let us know if you would like to see some of our favorites!
realestate@cooperjacobs.com