Eastlake Seattle is a neighborhood in Seattle, Washington, so named because of its location on the eastern shore of Lake Union. Its main thoroughfare is Eastlake Avenue East, which runs from Howell Street at the northeast corner of Downtown north over the University Bridge to the University District. It is here where it connects to Roosevelt Way N.E. and 11th Avenue N.E.

A second thoroughfare is Boylston Avenue E.; as an arterial, it parallels Interstate 5 for the four blocks between E. Newton Street to the south and E. Roanoke Street to the north, acting as an extension of Capitol Hill's Lakeview Boulevard E.

Eastlake is bounded on the west by Lake Union; on the north by Portage Bay, beyond which is the University District; on the east by Interstate 5, beyond which is Capitol Hill; and on the south by E. Garfield Street, beyond which is the Cascade neighborhood.

With the exception of driving along Eastlake Avenue, this neighborhood is a very quiet neighborhood. The only reason to mention Eastlake Avenue is due to the traffic of traveling between the University District and South Lake Union.

This entire neighborhood offers glimpses of Lake Union and all of the surrounding scenery. The only detracting attribute of Eastlake is Interstate 5 running down the eastern border. However, the interstate is elevated and barely causes any noise.

Eastlake is a beautiful neighborhood that is very distinguishable from the other neighborhoods of Seattle.

Eastlake Real Estate Info - Seattle Washington

For the past five years, Seattle real estate has grown steadily. The neighborhood of Eastlake Seattle is no exception. There are 432 condos in Eastlake. As of March 14, 2007 there have been six sales which equates to just over one percent turnover. The average price of these six sales was $798,500 with the low being $485,000 and the high of $1,500,000. The average property taxes are around $2,824.

In 2006 there were 43 sales in Eastlake Seattle, which accounted for 10% turnover. The average sales price was $381,931 with the low being $179,000 and the high being $805,000. All of this tells us that the average price per square foot was $405.

In 2005 there were 48 sales with an average sales price of $374,847. The lowest selling price was $152,000 and the high price was $1,125,000. This brought an average square foot sales price of $363.

The average year these Eastlake Seattle condos were built is 1978. The average size is 977 square feet with two beds and one bath. Five of these condo buildings are one story, fifty-six of these buildings are two story and 371 are greater than two and a half stories tall.

The average length of ownership is 6.7 years. There have been 208 condos sold that were owned for five years or less. There were 117 condos that were owned between five and ten years and 92 that have been owned for over 10 years.

Of these Eastlake Seattle condos, 236 are owner occupied and 196 are not.

View all Seattle real estate