Portage Bay Homes under $700,000

Welcome to Portage Bay, a hidden gem nestled in the vibrant heart of Seattle, Washington. This charming neighborhood is not just a picturesque waterfront community; it’s a place where urban living meets the tranquility of nature. Known for its stunning views of the bay and the iconic Seattle skyline, Portage Bay offers residents a unique blend of city convenience and serene waterfront living.

As you explore Portage Bay, you’ll find a delightful mix of architectural styles, from classic craftsman homes to modern townhouses, all set against the backdrop of lush greenery and sparkling waters. The neighborhood is perfect for those seeking affordable options, with homes available under $700,000. This makes Portage Bay an attractive choice for first-time homebuyers, young professionals, and families looking to settle in a welcoming community.

Portage Bay is not only about beautiful homes; it’s also about lifestyle. Residents enjoy easy access to nearby parks, walking trails, and water activities. Imagine kayaking on the bay or enjoying a leisurely stroll along the waterfront. Plus, the neighborhood is conveniently located near local shops, restaurants, and cultural attractions, ensuring you’re never far from the excitement Seattle has to offer.

With its friendly atmosphere and diverse community, Portage Bay is more than just a place to live; it’s a place to thrive. Come discover why so many are drawn to this enchanting neighborhood, where affordable homes and a vibrant lifestyle await you!

Newest Portage Bay Homes under $700,000

$469,000

2 Beds ⋅ 1 Baths ⋅ 2592215 MLS ⋅ ACTIVE Status

Midcentury charm meets waterfront living with pretty Portage Bay views and serene garden outlooks. Originally built for the 1962 World’s Fair, this beautifully updated unit blends timeless design with modern comfort. The open, light-filled layout showcases fresh paint, warm hardwood floors, expansive windows, and seamless indoor-outdoor flow to a private deck—perfect for morning coffee or sunset dining. The refreshed kitchen features sleek quartz countertops, stylish backsplash, and new appliances, all opening effortlessly to the main living spaces for easy entertaining. A cozy wood-burning fireplace anchors the living room, while two bright bedrooms and an updated bath offer comfortable retreats. Additional highlights include an in-unit washer/dryer, covered parking, and dedicated storage. Enjoy community waterfront amenities with docks for paddleboarding or kayaking, plus storage. Pet-friendly, well-managed, and just minutes to downtown, SLU, UW, as well as I-5 and 520 for easy commuting.

2524 Boyer Avenue E Unit #446, Seattle

Listing Broker: Windermere Real Estate Midtown; Tamara P. Canero; 206-527-5445; tcanero@windermere.com

3121 Franklin Avenue E Unit #23, Seattle

$339,900

1 Beds ⋅ 1 Baths ⋅ 2588772 MLS ⋅ ACTIVE Status

Prepare to be swooned! Welcome to the Ives - a boutique vintage building steps from the best of Eastlake and Portage Bay. Irreplaceable period details make each day in this sunny corner residence feel special, from original leaded-glass windows, multiple built-ins & nooks, and hardwood floors rich with patina. Ultra-rare and super coveted private 1 car garage with electricity is one of only 3 available in the building, and is individually titled. Remodeled kitchen and bathroom bring modern day creature comforts and amenities alongside the classic charm. Epicenter location provides seamless access to multiple commuter routes & excellent proximity to UW and South Lake Union. Secure lobby entry, full-size storage unit, community laundry room, bike storage and pet friendly.

3121 Franklin Avenue E Unit #23, Seattle

Listing Broker: John L. Scott, Inc; Nick Gerisilo; 206-372-0218; info@HappyHomeTeam.com

$275,000

1 Baths ⋅ 2586791 MLS ⋅ ACTIVE Status

Welcome to The Ives, a 1928 Seattle classic at the crossroads of Eastlake & Portage Bay. This spacious corner studio is bright and utterly charming with an abundance of period details; coved ceilings, built-ins, hardwood floors and leaded glass French doors concealing a space saving Murphy bed. A walk in closet large enough to double as home office space, an inviting living room, separate dining area and a remodeled kitchen. A canvas of greenery beyond large windows for peace and privacy in a pet friendly building with a secured storage space, shared laundry and bike room. Stellar location allowing for easy access to neighborhood cafes, Lake Union’s waterfront as well as UW, Capitol Hill, South Lake Union and Downtown. Quintessential Seattle city living!

3121 Franklin Avenue E Unit #2, Seattle

Listing Broker: Lake & Company; Demetra Apostolou; 206-909-3482; demetra@lakere.com

$275,000

1 Baths ⋅ 2560151 MLS ⋅ ACTIVE Status

Vintage corner-unit condo at the historic 1928 Ives building perfectly blends period romance with modern city convenience. A formal entry and dedicated dining area lead into a bright living space featuring gleaming hardwood floors, while leaded glass French doors elegantly frame the room. Large unique iron picture windows frame beautiful maple trees outside and flood the rooms with beautiful natural light from two directions, highlighting original mahogany woodwork, coved ceilings, graceful arches and built-ins. The thoughtfully modernized open kitchen features an island, quartz countertops, stainless steel appliances and a built-in breakfast nook, while the bathroom showcases classic octagon tile floors. Set in a secure, pet-friendly building with shared laundry, bonus secure storage and bike room, this home places you close to Lake Union waterfront recreation, neighborhood cafes, and the Burke-Gilman Trail. With quick access to Interstate 5, Capitol Hill, South Lake Union, UW, and downtown, this home offers an unforgettable mix of historic character and effortless Seattle living.

3121 Franklin Avenue E Unit #1, Seattle

Listing Broker: Redfin; Patrick Beringer; 206-310-4742; patrick.beringer@redfin.com

$695,000

2 Beds ⋅ 1 Baths ⋅ 2565181 MLS ⋅ ACTIVE Status

First time on the market in more than 30 years, this floating home in a 51' wide slip with dedicated parking space offers a rare opportunity to own a piece of Seattle's iconic waterfront lifestyle on coveted Portage Bay. Affectionately known as *Fleetenhus*, this quintessential Scandinavian-inspired floating cottage captures the simple beauty of life on the water, where every day begins and ends surrounded by the sights and sounds of the bay. The efficiently designed two-bedroom, one-bath home has been refreshed with a new roof, fresh interior & exterior paint, new carpet, and new appliances, creating a welcoming retreat ready to enjoy today while offering the opportunity to personalize over time. What truly sets this home apart is its exceptional relationship to the water. Generous wraparound overwater decks create an expansive outdoor living environment that feels immersed in Portage Bay, offering abundant space for dining, entertaining, relaxing, or simply watching changing light dance across the water. A small boat slip with channel access makes it easy to head out for a paddle or cruise. Ownership includes the cooperative dock slip and dedicated parking space. Rarely does a floating home with this combination of history, character, generous outdoor living, coveted location with room to expand become available. An exceptional opportunity to become part of one of Seattle's most treasured waterfront communities with easy commute options via H2O, 520 or I5!

2818 Boyer Avenue E Unit #8, Seattle

Listing Broker: COMPASS; Sally Keadle; 206-484-7988; sally.keadle@compass.com

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Portage Bay Homes under $700,000

Newest Portage Bay Homes under $700,000

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