Magnolia Homes with FHA Terms

Welcome to the charming neighborhood of Magnolia, located in the heart of Seattle, Washington. This picturesque area is known for its stunning views of the Puget Sound and the Olympic Mountains, making it a highly sought-after location for homebuyers.

Magnolia offers a diverse range of housing options, from historic craftsman-style homes to modern condominiums with breathtaking waterfront views. The community is known for its strong sense of pride and community spirit, with residents enjoying easy access to local parks, shops, and restaurants.

If you're looking to purchase a home in Magnolia with FHA terms, you're in luck! Many homes in this area are eligible for FHA financing, making it easier for first-time buyers and those with less-than-perfect credit to achieve their dream of homeownership.

Whether you're drawn to Magnolia for its natural beauty, vibrant community, or convenient location near downtown Seattle, there's something for everyone in this idyllic neighborhood. Don't miss your chance to own a piece of this Pacific Northwest paradise – explore the homes available in Magnolia today!

Newest Magnolia Homes with FHA Terms

$1,598,850

4 Beds ⋅ 4 Baths ⋅ 2601511 MLS ⋅ ACTIVE Status

Perfectly positioned just one block from Magnolia Village, this exceptional new build by Build Sound blends thoughtful design with effortless everyday living. Set on a level lot in one of Seattle’s most sought-after neighborhoods, the home offers four bedrooms, three baths, and a sought-after floor plan that lives beautifully. Rich hardwood floors flow throughout, extending seamlessly onto the window sills-an understated yet striking detail that elevates the entire aesthetic. The open living spaces are both modern and inviting, crafted with intention to support how we live today. A large open kitchen with oodles of storage segues into a wonderful living space with cozy gas fireplace. The dining room is in it's own room that feels like the chef's table at your favorite restaurant. With a well-appointed butler’s pantry, entertaining is not just easy ~but genuinely enjoyable. You may notice the striking diagonal chimney stack, lending a touch of old-world whimsy and architectural character rarely found in new construction. Incredibly thoughtful design choices went into this home. For example... Air conditioning, a two-car garages offer flexibility rarely found: individual bays allow for true versatility. Don't have two cars? Use one of the bays for a home gym, storage, or a dedicated shop. An EV charger adds convenience and future-forward appeal. With top-rated schools and Magnolia Village just moments away, this home delivers the perfect balance of community, convenience.

2631 34th Avenue W, Seattle

Listing Broker: Windermere RE Magnolia; Portia Gray; 206-818-7195; portia@windermere.com

$1,045,000

3 Beds ⋅ 3 Baths ⋅ 2601478 MLS ⋅ ACTIVE Status

Distinctive location at the top of Magnolia! This special enclave of 4 newly constructed homes is a head-turner. Built to be different, each unit is thoughtfully designed and crafted for versatility. Easily accessible, yet tucked away on a quiet residential street, it’s the best of both worlds. This is your opportunity to own a low-maintenance modern home that enjoys being one block from Magnolia Manor Park + community P-patch + off-leash dog park. The first home available is 3225 B which fronts 27th Ave West w/territorial sunrise views of the Cascades, north to Mt. Baker. Catch views of the Olympics, downtown and Space Needle from the rooftop deck. Flooded with natural light, the floorplan is well suited for a home office separate from the living area. You’ll love entertaining & cooking in the spacious kitchen complete with generous quartz counter space and pantry. Top floor primary suite with vaulted ceilings & dual closets has plenty of storage. Efficient mini splits with A/C & cozy heated tile floors in all bathrooms will make you feel right at home no matter the season. Where some builders might cut corners, you’ll find the opposite - wide plank wood flooring, built in closet storage systems, tiled laundry rooms and quality craftsmanship. No HOA & dedicated parking off the alley w/ EV chargers. Easy commute to downtown Seattle and South Lake Union, great proximity to Discovery Park. Your friends can’t wait to come over - don’t miss it!

3225 27th Avenue W Unit #B, Seattle

Listing Broker: Keller Williams Seattle Metro; Kristen Meyer; 206-769-2537; kristen@sweetliving.com

$699,000

3 Beds ⋅ 3 Baths ⋅ 2595141 MLS ⋅ ACTIVE Status

Well-maintained and spacious end unit townhouse in a great Magnolia location! Large primary suite with vaulted ceilings. Stainless steel appliances. Brand new carpet and LVP flooring. Central heat and A/C! Attached garage and a fully-fenced outdoor yard of a size that is rare for a townhouse. Third non-conforming bedroom can serve as a great home office or den. Fully inspected!

3449 Gilman Avenue W, Seattle

Listing Broker: C-Sharp Real Estate, LLC; Christian Cerone; 206-251-8772; christian@c-sharprealestate.com

$2,255,000

5 Beds ⋅ 5 Baths ⋅ 2597119 MLS ⋅ ACTIVE Status

New Construction by Aedifex, a boutique Seattle builder known for finish quality you notice up close. Set above a quiet, no-through street and angled to capture partial Sound and mountain views, the home opens to a bright, open main level with custom millwork, bespoke cabinetry, and layered lighting. The kitchen is the centerpiece, with a premium Thermador package: paneled refrigerator and dishwasher, a statement three-door refrigerator with water and ice, and a 36-inch induction range built seamlessly into the design. Five bedrooms include two ensuite retreats, and the primary bath brings a true spa feel with heated floors and curated finishes. A flexible lower-level space (ADU-inspired) adapts to guests, multigenerational living, a home office, or future income, while radiant heat, a heat pump, and high-efficiency systems keep it comfortable year-round, along with EV charging and high-speed wiring. Out back, a heated deck and patio sit on a secluded, paved lot, just minutes to Magnolia Village, Discovery Park, and an easy run downtown. The strongest New Construction value in the neighborhood!

3111 W Mansell Street, Seattle

Listing Broker: Windermere RE Magnolia; Russ Katz; 206-290-0465; russkatz@windermere.com

$1,040,000

4 Beds ⋅ 3 Baths ⋅ 2597261 MLS ⋅ ACTIVE Status

This gorgeous fully remodeled Magnolia home is ready for YOU! Modern and inviting upgrades of over $300K, including new plumbing & electrical, siding, roof, gutters, doors, etc. Enjoy the brand new spacious kitchen, which flows effortlessly into the open concept living, dining area. Cozy up in front of your wood burning fireplace or out on the lovely deck - perfect for entertaining or basking in the afternoon sun. 2 beautiful bedrooms (or home office) upstairs & a stylish full bath. Lower Level: Bedroom/Media room, bathroom + Private guest room with kitchenette, ensuite & exterior access, making this a perfect mother-in-law or Airbnb for additional income. Fully fenced backyard, in quiet neighborhood. 5-minute walk to Discovery park and Metropolitan Market! Move in today!

4257 W 33rd Ave W Unit #1, Seattle

Listing Broker: eXp Realty; Kim Leslie Jessica Davey; 323-793-2173; kim.davey@exprealty.com

$849,950

2 Beds ⋅ 2 Baths ⋅ 2595246 MLS ⋅ ACTIVE Status

Welcome to this beautifully updated home in the heart of Magnolia! Thoughtfully refreshed and move-in ready, this inviting home features an updated kitchen with modern finishes and a beautifully renovated bathroom. Major improvements include all-new siding and electrical (no knob and tube), plus newer windows for added comfort and efficiency. The bright, welcoming layout offers a wonderful blend of charm and functionality, with comfortable living spaces and plenty of natural light.One of the standout features is the large covered back porch and detached shed, offering far more than typical storage. Use it as a workshop, hobby space, home gym, or finish it to create a dedicated home office or flex space—the possibilities are endless!The spacious yard is a gardener’s dream, featuring large raised beds with plenty of room to grow vegetables, herbs, flowers, and more. There’s also ample space to relax, entertain, garden, or simply enjoy your own private outdoor retreat.Located in desirable Magnolia, you’ll be close to neighborhood shops, restaurants, parks, schools, and all that this wonderful community has to offer. With easy access to downtown Seattle and nearby amenities, this is a fantastic opportunity to own a well-maintained home with meaningful updates and versatile outdoor and flex spaces. Come see all it has to offer!

4430 29th Avenue W, Seattle

Listing Broker: Windermere RE Magnolia; Kelly Fulks; 206-595-5156; kelly@kellyfulks.com

$1,398,000

3 Beds ⋅ 3 Baths ⋅ 2594349 MLS ⋅ ACTIVE Status

Located just across from Lawton Park and Elementary this Magnolia home offers glamor with a spacious layout designed for entertaining. The main floor fills with natural light into the large open eat-in kitchen with newly updated quartz counters and a plethora of cabinets that open to the dining room. Take advantage of the French doors leading to a large deck above everything with views of Cascade Mountains for sun seekers. The main floor also features a guest bath separated from the living space, rare full laundry room, and a primary bedroom with a dream bathroom with huge walk-in shower and large walk-in closet with built-in closet systems. Lower level greets you with a spacious family room for all types of uses and an excellent gaming or movie area. 2 spacious bedrooms and a 3/4 bath have a quiet and private part of the house. A large rec room with a bar, offers flexibility for gatherings, hobbies or after school hangs. The downstairs great room opens to an expansive patio covered with additional shade to be able to host large gatherings year round. Conveniently located near Fishermen’s Terminal, neighborhood shops, and restaurants, with easy access to downtown Seattle. The property doesn't stop at the hedges! Enjoy the fenced yard with additional large storage shed and the gated driveway with room for several cars. Come create the perfect opportunity to enjoy one of Seattle’s most established and desirable neighborhoods.

4030 26th Avenue W, Seattle

Listing Broker: John L. Scott, Inc.; Ben D. Hoefer; 206-992-2504; benhoefer@johnlscott.com

$575,000

2 Beds ⋅ 1 Baths ⋅ 2592123 MLS ⋅ ACTIVE Status

Modern style, private outdoor spaces, and a smart, efficient layout make this detached Magnolia home an inviting opportunity. Two-bedroom residence pairs bright, open living with light neutral finishes and a sleek kitchen featuring white cabinetry, stainless appliances, and a striking backsplash. Step from the kitchen to the fenced backyard for easy BBQs and outdoor dining. A finished bonus outbuilding offers space for a private office, studio, or workout room. The fenced front yard adds another inviting gathering spot. Enjoy an updated bath with a bold black-and-white palette, discreet laundry closet, ductless heating and cooling, and on-site parking. Thoughtfully updated and beautifully finished, this home offers an appealing path to Magnolia ownership near parks, neighborhood dining, transit, and connections to downtown, Ballard, and Queen Anne.

3431 Gilman Avenue W, Seattle

Listing Broker: Windermere RE Greenwood; Junior Torres; 206-854-5596; junior@windermere.com

$1,100,000

3 Beds ⋅ 2 Baths ⋅ 2587582 MLS ⋅ ACTIVE Status

Perched perfectly on a gorgeous corner lot in Magnolia, this 3 bed, 2 bath charmer has been beautifully updated. You’ll love the privacy and views from its elevated position above the street. The huge picture window in the living room is the perfect spot in all seasons, while rich oak hardwood floors and a fireplace flanked by windows add classic Seattle charm. Upstairs you’ll find 2 bedrooms, a full bath, dining room and kitchen. Downstairs has a cozy family room, third bedroom, laundry and ¾ bath. The driveway was redone with new retaining walls and drainage, and garage access straight into the house makes coming and going easy. The real crowd pleaser is the beautifully landscaped backyard and trex deck. The louvered pergola is perfect for PNW living, when we often want to be outdoors even in a little drizzle. Fully fenced with great sunlight, it’s a wonderful space for gardening, rest and play. Accessed directly from the kitchen, it’s also perfect for outdoor cooking and entertaining. Absolutely incredible location, walkable to Magnolia Village shops and restaurants, with beautiful parks and breathtaking views nearby. Just blocks to Pop Mounger Pool and the Farmers Market, plus walking distance to great local schools. Easy access to Downtown Seattle while still enjoying the small town vibes of Magnolia.

3022 W Smith Street, Seattle

Listing Broker: Real Broker LLC; Mel Parsons; 206-472-7886; mel@melparsonshomes.com

$3,650,000

7 Beds ⋅ 5 Baths ⋅ 2589895 MLS ⋅ ACTIVE Status

Welcome to your private compound in the heart of Magnolia—where East Coast charm meets Northwest livability. Exceptional craftsmanship and timeless modern design define this stunning Magnolia residence. 4023 W Raye features 6 bedrooms, 4 beautifully appointed baths. Curated designer finishes, custom millwork, elevated lighting, and sophisticated color palettes create warm, refined interiors. The chef's kitchen is designed for entertaining with premium appliances, generous prep space, and seamless flow to multiple indoor and outdoor dining areas. Skylights fill the home with natural light, while a handsome moody office with custom built-in bookshelves provides the perfect work-from-home sanctuary. Two private patios and a fully fenced yard offer inviting spaces to relax, entertain, or play. The DADU (4021 W Raye) offers a lovely studio apartment with incredible flexibility for guests, multigenerational living, a private retreat, or a high performing rental. Perched on the tippy top of Carleton Park where the streets, and homes, are lit by charming lamp posts (not crisscrossing wires), a luxury no longer available in the city. The spectacular rooftop deck captures sweeping 360-degree views of the Seattle skyline, Elliott Bay, the Olympic Mountains, Mount Rainier, and beyond. This exceptional home pairs thoughtful design with luxury amenities in one of Magnolia's most sought-after neighborhoods, offering an elevated lifestyle that's as functional as it is unforgettable.

4021 & 4023 W Raye Street, Seattle

Listing Broker: Windermere RE Magnolia; Portia Gray; 206-818-7195; portia@windermere.com

$2,350,000

6 Beds ⋅ 6 Baths ⋅ 2588671 MLS ⋅ ACTIVE Status

One block from Magnolia Playfield & two from the Village, this renovated 1939 Craftsman pairs a 4BR/4BA main residence with a 2024 custom-built 2BR/2BA Guest House. Two front doors, two attached garages, one quiet green corner of Seattle. Main home runs roughly 3,000 sq ft across 4 bedrooms & 4 baths. Craftsman character carries through light filled living spaces & 2 covered porch balconies looking out over the treetops of inner Magnolia. There is room to spread out: a home office, a kitchen built around a commercial-grade gas range, & a finished lower level with its own exterior entry, a rec room for the loud hours & a dedicated wine room. Primary Suite is a retreat unto itself, with dual closets, a spa-inspired 5-piece bath remodeled in 2022, & a SW-facing deck that holds the long NW evening light. The systems are done. A heat pump went in during 2022, so the house stays cool through August heat & filtered when the smoke rolls in. New sewer line in 2021, new roof and hot water tank in 2025, garage wired for EV charging. Pre-inspected. The unglamorous work is behind you. Then there is the back house. Purpose-built in 2024, roughly 1,000 sq ft, 2 bedrooms, 2 baths, its own attached garage & pad off the alley. Rental ready from day one. Fill it how you see fit. The yard is a block away & the city mows it. Magnolia Playfield sits at the end of the street, coffee & dinner are 2 blocks & Discovery Park is mere minutes out. Two beautiful homes. One exceptional Magnolia property!

2536 31st Avenue W, Seattle

Listing Broker: Windermere RE Magnolia; Russ Katz; 206-290-0465; russkatz@windermere.com

$4,950,000

4 Beds ⋅ 5 Baths ⋅ 2587431 MLS ⋅ ACTIVE Status

A once-in-a-lifetime home. Properties of this caliber are exceedingly rare. Poised on an oversized corner lot on Magnolia Boulevard, a storied promenade designed by the esteemed Olmsted Brothers, this stately Grand Tudor commands extraordinary Western views of Puget Sound, the surrounding islands, and the snow-capped Olympic Mountains -a living panorama that shifts with every season and every hour of the day. Befitting its prominent position, this residence makes an immediate impression: a classic Tudor facade of rich brick and half-timbering, steeply pitched rooflines, and gracious proportions that speak to a time when homes were built to endure. Step inside and the craftsmanship continues- arched doorways, original hardwood floors, and generously scaled rooms bathed in natural light, framed by those iconic views. Updated kitchen and bathrooms provide modern-day living and the grounds reflect the lot's remarkable size, offering privacy, mature landscaping, and the kind of outdoor living rarely found in the city. Whether entertaining on a grand scale or simply watching the ferries trace their routes across the Sound from your own garden, the setting is simply without equal. This is not just a home -it is a piece of Seattle history, on a street that defines the city's most celebrated neighborhood. An exceptional opportunity for the most discerning buyer.

1990 Magnolia Blvd Way W, Seattle

Listing Broker: Windermere RE Magnolia; Courtney Williams; 206-284-8989; courtneywilliams@windermere.com

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Magnolia Homes with FHA Terms

Newest Magnolia Homes with FHA Terms

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