500 Fifth Avenue W 505, Seattle, WA 98119, Seattle, 98119 - 2 bed, 2 bath
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500 Fifth Avenue W 505
Seattle, WA 98119
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
966Sq Ft
0Lot Size
Property Price
LIST PRICE$545,000
EST. MARKET VALUE
$531,627
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $545,000—positioned well above the $531,627 Fair Market Value by 2.5%. While priced slightly above market, the unit features an Excellent Condition Rating with brand-new luxury plank flooring, fresh paint, and rare AC cooling. Residents enjoy Panoramic City and Space Needle Views from a private deck. Located in the vibrant Lower Queen Anne neighborhood, this property is an ideal sanctuary for Urban Professionals or Owner-Occupants seeking a move-in-ready lifestyle.
Estimated Market Value
$531,627
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 Fifth Avenue W 505 Subject 2 bd · 2 ba · 966 sqft · $550 | $545,000* List Price | 2 | 2 | 966 | $550 | - |
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 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 |
D 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 |
E 500 5th Avenue W 505 Active 2 bd · 2 ba · 966 sqft · $595 · 0.0 mi | $575,000 List Price | 2 | 2 | 966 | $595 | 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 features brand new luxury plank flooring, fresh paint, and new carpet. The kitchen is described as modern with an open design, and the inclusion of rare AC cooling indicates updated systems. The property is in mint, move-in-ready condition due to these recent renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Panoramic Views
The unit features floor-to-ceiling windows offering sweeping views of the Space Needle, Elliott Bay, and the Olympic Mountains, providing a quintessential Seattle living experience.
- Rare Modern Amenities
Unlike many older condos in the area, this unit includes rare air conditioning, brand-new luxury plank flooring, and a primary suite with its own private balcony.
- Significant Seller Incentive
The seller's offer to pre-pay the remainder of 2026 HOA dues provides substantial immediate value and reduces the initial cost of ownership for the buyer.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
At $924 per month, the association fees are relatively high for a unit under 1,000 square feet, which may affect long-term carrying costs for budget-conscious buyers.
- Building Age
Constructed in 1968, the building may lack the modern architectural standards and extensive common-area amenities found in newer luxury high-rise developments.
About 500 Fifth 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