500 5th Avenue W 601, Seattle, WA 98119, Seattle, 98119 - 1 bed, 1 bath
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500 5th Avenue W 601
Seattle, WA 98119
ACTIVE
CONDITION: GOOD
1Beds
1Baths
688Sq Ft
0Lot Size
Property Price
LIST PRICE$419,950
EST. MARKET VALUE
$393,143
6% AboveMARKET VALUE
SUMMARY
This sixth-floor corner condo at The LUXE is a Strong Value Opportunity, listed at $419,950—positioned well above the $393,144 Fair Market Value by 6%. While priced slightly above market, the property offers a Condition Rating of 3, featuring modern Caesarstone counters, A/C, and in-unit laundry. With sweeping Puget Sound and Olympic Mountain views and no rental cap, this unit provides significant flexibility for long-term growth. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, high-view lifestyle in the heart of Queen Anne.
Estimated Market Value
$393,143
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 601 Subject | $419,950* List Price | 1 | 1 | 688 | $571 | - |
A 521 5th Avenue W 103 Sold | $409,000 | 1 | 1 | 716 | $571 | 0.0 mi |
B 500 W 5th Avenue 306 Sold | $300,000 | 1 | 1 | 657 | $457 | 0.0 mi |
C 530 4th Avenue W 503 Sold | $459,000 | 1 | 1 | 876 | $524 | 0.1 mi |
D 275 W Roy Street 315 Sold | $370,000 | 1 | 1 | 598 | $619 | 0.2 mi |
E 521 5th Avenue W 602 Sold | $453,000 | 1 | 1 | 907 | $499 | 0.0 mi |
F 912 3rd Avenue W 501 Sold | $395,000 | 2 | 2 | 853 | $463 | 0.3 mi |
G 530 4th Avenue W 508 Active | $500,000 List Price | 1 | 1 | 707 | $707 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2003 (23 years old), the property is well-maintained and move-in ready. The kitchen features updated Caesarstone counters and stainless appliances, and the unit includes functional systems like A/C and in-unit laundry, exceeding the 'dated' expectations of the fair category.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Views and Exposure
As a sixth-floor corner unit, the property offers sweeping views of the Puget Sound and Olympic Mountains, enhanced by large windows and a private balcony that maximize natural light.
- Investment Flexibility
The absence of a rental cap makes this property a highly attractive option for investors or owners seeking long-term flexibility in a prime Queen Anne location.
- Modern Interior Amenities
The unit is well-equipped with desirable modern features including air conditioning, an updated kitchen with Caesarstone counters, in-unit laundry, and secure garage parking.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $659 is relatively high for a one-bedroom unit of this size, which may impact the monthly carrying costs for budget-conscious buyers.
- Limited Square Footage
At 688 square feet, the living space is somewhat compact, which may be a drawback for those requiring more room for a home office or additional storage.
About 500 5th Avenue W 601
A different kind of Queen Anne condo - where the view, setting, and sense of space do the talking. Sixth-floor corner 1-bedroom at The LUXE with sweeping Puget Sound and Olympic Mountain views. Large windows and a private balcony take full advantage of the northwest exposure. The layout features an open kitchen with stainless appliances and Caesarstone counters, in-unit laundry, and A/C. Secure garage parking, additional private storage, elevator access, and no rental cap. Quiet Queen Anne location near Seattle Center, Uptown, SLU, Downtown, restaurants, shops, and transit.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2003
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $659 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 688 | 1,034.227 |
| Lot Size | - | 2,208.034 |
| Price | $419.9K | $552.8K |
| Price per sq ft | $610 | $559 |
| Built year | 2003 | 1997 |
| HOA | $659 | $311 |
| Days on market | 19 | 63 |
Pricing History
Listed for Sale
Aug 21, 2026
$419,950
Initial Listing