Portage Bay Homes with Conventional Terms

Portage Bay Homes with Conventional Terms

Welcome to the charming neighborhood of Portage Bay in Seattle, Washington. Situated in King County, this picturesque area offers a blend of urban convenience and natural beauty along the shores of Lake Union.

Portage Bay is known for its tranquil waterways, lush green spaces, and stunning views of the city skyline. Residents can enjoy a peaceful lifestyle while still being just a stone's throw away from the vibrant downtown Seattle area.

If you're looking for a home in Portage Bay with conventional terms, you're in luck. This neighborhood offers a variety of housing options, from cozy waterfront cottages to modern condominiums with all the amenities. Whether you're a first-time homebuyer or looking to upgrade to a larger space, Portage Bay has something for everyone.

With easy access to parks, restaurants, and local shops, Portage Bay is a sought-after location for those looking to live in a close-knit community with a strong sense of pride and camaraderie.

Don't miss the opportunity to make Portage Bay your new home. Explore the real estate options available with conventional terms and discover the perfect place to settle down in this idyllic Seattle neighborhood.

Newest Portage Bay Homes with Conventional Terms

$2,750,000
2568199 MLS ACTIVE Status
The Portage Bay Plaza located at 3261 Fuhrman Ave E, presents a rare opportunity to invest in the extremely well-located north end of Portage Bay between the Eastlake and Montlake neighborhoods. The property offers large floor plans with a mix of seven 1-bedroom / 1-bath units and two 2-bedroom / 1.5-bath units, plus ample off-street parking. Wood-frame construction with a well-maintained brick exterior gives the building genuine mid-century character, while private decks with views of the Bay set it apart from typical residences in the neighbor-hood. Sitting on a large 9,220 SF parcel zoned LR3 (M), the property also carries long-term redevelopment optionality for townhomes or a larger apartment project. Current ownership has well maintained the property with meaningful recent capital improvements, while a new owner has an attractive opportunity to increase income by bringing on professional management and completing interior renovations. The majority of units feature hardwood or LVP flooring, with recent upgrades including updated cabinetry, quartz countertops, stainless-steel appliances, and mod-ern lighting. This leaves a clear and straightforward path to increasing value: finish the renovation program in the units that have not yet been updated, push parking income toward market, and add in-unit laundry to more units, which ownership has already proven out by converting one unit during their hold.

3261 Fuhrman Avenue E, Seattle

Listing courtesy of Westlake Associates, Inc..

$1,575,000
2 Beds 2 Baths 2536471 MLS ACTIVE Status
Fabulous floating home with the perks of living in a fantastic waterfront community! Beautiful Craftsman architectural details and a thoughtfully designed floor plan create a warm and inviting living space. The flexible main floor room is currently used as a media room but can easily serve as a bedroom, office, or guest space. The living room features a cozy wood-burning fireplace and large windows that frame beautiful views across Portage Bay and out toward the lake. Upstairs is a spacious primary suite with a private en suite bath, creating a peaceful retreat above the water. A private view deck off the primary suite provides the perfect place to enjoy morning coffee while taking in the waterfront setting. Meticulously maintained and move-in ready, this home reflects pride of ownership throughout. Enjoy the best of floating home living with view decks on both levels, offering ideal spaces for entertaining, relaxing, or simply watching boats glide by. Take in the scenery of living the floating home lifestyle out towards the lake while enjoying the way the light reflects off the water and the serenity of life on the water. Parking and storage are included, making everyday living easy and convenient. A rare opportunity to enjoy city living paired with the peaceful beauty of a welcoming floating home community. Portage Bay is long sought after and this home is an easy yes.

1210 E Shelby Street Unit #G, Seattle

Listing courtesy of Seattle Afloat LLC.

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