500 5th Avenue W #505, Seattle, WA 98119, Seattle, 98119 - 2 bed, 2 bath
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500 5th Avenue W #505
Seattle, WA 98119
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
966Sq Ft
0Lot Size
Property Price
LIST PRICE$545,000
EST. MARKET VALUE
$529,542
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $545,000—positioned well above the $529,542 Fair Market Value by -2%. Featuring a Mint Condition Rating, this unit offers modern upgrades including rare AC cooling, luxury plank flooring, and floor-to-ceiling windows with iconic panoramic views. Located in the vibrant Lower Queen Anne district, it provides a premium urban lifestyle near Climate Pledge Arena. This property is an ideal acquisition for Owner-Occupants seeking a move-in ready sanctuary or urban professionals prioritizing convenience and style.
Estimated Market Value
$529,542
Based on Realkey algorithm analyzing recent comparable sales in Seattle.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 5th Avenue W #505 Subject 2 bd · 2 ba · 966 sqft · $548 | $545,000* List Price | 2 | 2 | 966 | $548 | - |
A 912 3rd Avenue W 501 Sold 2 bd · 2 ba · 853 sqft · $463 · 0.3 mi | $395,000 | 2 | 2 | 853 | $463 | 0.3 mi |
B 912 3rd Avenue W 101 Sold 2 bd · 2 ba · 800 sqft · $536 · 0.3 mi | $429,000 | 2 | 2 | 800 | $536 | 0.3 mi |
C 912 3rd Avenue W #101 Sold 2 bd · 2 ba · 792 sqft · $542 · 0.3 mi | $429,000 | 2 | 2 | 792 | $542 | 0.3 mi |
D 410 W Roy Street E101 Sold 2 bd · 2 ba · 1,112 sqft · $508 · 0.2 mi | $565,000 | 2 | 2 | 1,112 | $508 | 0.2 mi |
E 521 5th Avenue W 103 Sold 1 bd · 1 ba · 716 sqft · $571 · 0.0 mi | $409,000 | 1 | 1 | 716 | $571 | 0.0 mi |
F 522 W Mercer Place 401 Sold 2 bd · 2 ba · 985 sqft · $518 · 0.1 mi | $510,000 | 2 | 2 | 985 | $518 | 0.1 mi |
G 200 W Comstock Street 102 Sold 1 bd · 1 ba · 707 sqft · $686 · 0.5 mi | $485,000 | 1 | 1 | 707 | $686 | 0.5 mi |
H 500 Fifth Avenue W 505 Active 2 bd · 2 ba · 966 sqft · $564 · 0.0 mi | $545,000 List Price | 2 | 2 | 966 | $564 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although the building was constructed in 1968, the unit has undergone a very recent renovation (<5 years) featuring brand new luxury vinyl plank flooring, brand new carpet, fresh paint, rare AC cooling, and a modern open-concept kitchen. It is in mint, move-in ready condition with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Panoramic Views
The property features floor-to-ceiling windows offering exceptional views of the Space Needle, Puget Sound, mountain ranges, and the Seattle skyline from a corner-end unit position.
- Modern Upgrades & Rare AC
The interior boasts brand new luxury plank flooring, fresh paint, and updated carpets, along with the rare addition of air conditioning which is highly sought after in older Seattle buildings.
- Prime Urban Location
Located in Lower Queen Anne, the condo offers high walkability to major attractions like Climate Pledge Arena, the Elliot Bay Trail, and diverse dining options, providing a vibrant city lifestyle.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee is $924 per month, which is relatively high for the price point and may impact the overall affordability and debt-to-income ratio for potential buyers.
- Building Age
Constructed in 1968, the building may lack the modern architectural aesthetics and extensive common-area amenities found in newer luxury high-rise developments.
About 500 5th Avenue W #505
* REST OF 2026 HODS TO BE PRE-PAID BY SELLER!* Showcase sparkling City, Space Needle, Stadium District, Sound & Mountain v i e w s thru the floor to ceiling windows. Watch the ferries and cruise ships during morning coffee from your dining area, or daydream on the deck at sunset over cocktails. Truly a fantastic offering, with rare AC cooling, brand new luxury plank flooring, fresh paint, great organized storage, even garage parking with a Lift! You can have it all! This corner end unit offers 2 bedrooms + 1.75 baths, modern kitchen with open design, a dining room, v i e w s, a separate storage unit, brand new carpet, and laundry in-unit. Relax in the Primary Suite which fits a king size bed, has ample closet space and it's own 3/4 bath attached plus a Space Needle View and it's own balcony. Well maintained building has elevators, garage parking, and unique lobby entrance with glass atrium. Lower QA location offers convenience and character: moments to secret gems like the Elliot Bay Trail, newly renovated Centennial Park, Climate Pledge, Caffe Vita at KEXP, Sister & Brothers, and more. This condo is a 10/10! (*with acceptable offer)
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1968
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $924 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 966 | 1,048.033 |
| Lot Size | - | 1,930.425 |
| Price | $545.0K | $548.3K |
| Price per sq ft | $564 | $551 |
| Built year | 1968 | 1997 |
| HOA | $924 | $317 |
| Days on market | 46 | 63 |
Pricing History
Listed for Sale
Sep 8, 2026
$545,000
Initial Listing