Seattle is home to many great neighborhoods. Throughout Seattle, you’ll find plenty of neighborhoods with low crime, splendid architecture, great views, scenic beauty and opportunities for outdoor activities. In many neighborhoods throughout Seattle, you’ll also find median home values which are well above the U.S. general norm, and well above the general norm for King County as well. In this post, I’ll look at two iconic Seattle neighborhoods in some detail: Montlake & Laurelhurst. These two places have some of the most desired real estate in the entire Seattle area. Let’s explore what these two places have to offer.
Situated right next to the main University of Washington campus, Montlake boasts a proximity to downtown Seattle, as well many stunning views of Bellevue from across lake Washington. A small, quaint bridge separates Montlake from the UW; right next to Montlake, you’ll find the arboretum. Real estate in Montlake is among the most sought after in the Greater Seattle region; according to Zillow, the median home value in Montlake is a very impressive $1.168 million. This median is well above the median for King County and the City of Seattle proper; it’s also significantly above the median for the City of Bellevue, too.
Not only does Montlake have gorgeous houses and fantastic views, it’s also something of a nexus to many other key places in the Seattle-Bellevue-Tacoma metro region. Montlake is adjacent to 520, which provides easy access to downtown Bellevue. What’s more, Montlake is also close to I-5. Availability and price are probably the biggest hurdles to entering the Montlake real estate market. Inventory in this area is usually quite limited, and if you do find something you like, chances are high it will be very pricy. But, if you do manage to break into this lovely area, you certainly won’t regret your decision.
Located right next to the UW campus and Magnuson Park, Laurelhurst is another neighborhood which boasts wonderful views and highly desired real estate. According to recent data from Zillow, Laurelhurst currently has a median home value of about $1.560 million! For reference, this is higher than the medians in San Francisco and Manhattan. Laurelhurst is on the opposite side of the bridge which separates the UW from Montlake. This means that Laurelhurst is walking distance from the University Village, which is the shopping center adjacent to the UW campus. The U Village is home to many shops, clothing stores and restaurants. Laurelhurst’s proximity to the U Village undoubtedly contributes to its high home values.
Like Montlake, Laurelhurst is also close to downtown Seattle. It’s also close to Magnuson Park, which has athletic fields, a tennis center, a gym, and other attractions. If you can manage to make it into this neighborhood, you will be setting yourself up for a very pleasant lifestyle.
Image credit: Daniel Ramirez