South Lake Union Homes under $500,000

Welcome to South Lake Union, one of Seattle's most vibrant and rapidly evolving neighborhoods! Nestled just north of downtown, South Lake Union is a hub of innovation, culture, and community, making it an ideal place for both young professionals and families alike. This area has become synonymous with the tech boom, housing major companies like Amazon and numerous startups, which contribute to its dynamic atmosphere.

The neighborhood boasts a stunning waterfront, where residents can enjoy scenic views of Lake Union and the iconic Seattle skyline. With an abundance of parks and green spaces, such as Lake Union Park and the nearby Gas Works Park, outdoor enthusiasts will find plenty of opportunities for recreation and relaxation. The area is also rich in dining options, ranging from trendy cafes to gourmet restaurants, ensuring that there’s always something new to savor.

For those seeking affordable housing options, South Lake Union offers an array of homes under $500,000. Whether you're looking for a modern condo with stunning views or a cozy apartment with easy access to public transit, this neighborhood has something for everyone. The blend of affordability and accessibility makes it a smart choice for first-time homebuyers or anyone looking to invest in Seattle's thriving real estate market.

In South Lake Union, you’ll not only find a place to live but a community to thrive in. With its unique blend of urban convenience and natural beauty, it’s easy to see why so many are drawn to this exciting neighborhood. Come explore South Lake Union and discover your new home today!

Newest South Lake Union Homes under $500,000

$399,000

1 Beds ⋅ 1 Baths ⋅ 2575441 MLS ⋅ ACTIVE Status

Enjoy the best of Seattle right outside your front door in this sophisticated Lumen loft! Its open layout lives large with integrated living & dining areas flowing around a sleek quartz/stainless kitchen with Euro-inspired cabinets & built-in appliances. Tall ceilings & expansive windows bring in brilliant natural light. Step out and enjoy the scenery from your private balcony, or retreat to your bedroom with built-in wardrobe, stylish 3/4 bath & convenient laundry. Your garage parking space, storage unit, community clubhouse/theater, & BBQ deck are just an elevator ride away. Stroll to South Lake Union business centers, the Seattle Center, Space Needle, & shops/dining galore from this unbeatable location. Great bike & transit access, too!

501 Roy Street Unit #F239, Seattle

Listing Broker: Windermere Mercer Island; Jake Kanev; 206-686-4700; kanev@windermere.com

$350,000

1 Beds ⋅ 2 Baths ⋅ 2572971 MLS ⋅ ACTIVE Status

Wake up to vibrant city views in this bright east-facing Marselle residence, where floor-to-ceiling windows fill the home with natural light. Quietly positioned on the 5th floor, this well-designed layout lives larger than expected with a spacious primary suite, oversized den ideal for office or guests, and an additional 3/4 bath. Features include walnut hardwood floors, slab granite island, stainless appliances, in-unit laundry, and a private balcony. Vent to hook up portable A/C unit. Includes secure parking and storage. Ideally located near Seattle Center and Climate Pledge Arena, with easy access to South Lake Union. Enjoy iconic Space Needle and MoPOP views from the rooftop decks, including New Year’s fireworks. Pet-friendly and professionally managed with premium amenities including a fitness center, yoga studio, resident lounge, and three rooftop decks with BBQs and sweeping Space Needle views. FHA & VA approved. No rental cap or special assessments!

699 John Street Unit #516, Seattle

Listing Broker: RexMont Real Estate; Becca Fraiman; 206-225-3804; becca@rexmont.com

$325,000

1 Beds ⋅ 1 Baths ⋅ 2555511 MLS ⋅ ACTIVE Status

Stylish 1-bed/1-bath condo in the heart of South Lake Union at 2200 Westlake. Unbeatable location with easy access to Whole Foods, Amazon, Denny Park, the newly renovated Hotel 1 across the street and so much more. Benefit from a walk score of 99 & transit score 100 while still having the convenience of secure garage parking and storage. Inside, you'll find hardwood floors, a sleek modern kitchen w/ gas cooktop, a convenient built-in desk, in-unit washer & dryer and large windows showcasing city views. Impressive building amenities include fitness center, private theatre, game room, event/party room, conference room, guest suite & secure bike storage room. Friendly and helpful on-site manager and concierge. No rental cap, pet friendly, great investment!

910 Lenora Street Unit #S1004, Seattle

Listing Broker: Ewing & Clark, Inc.; Jane Powers; 206-979-9719; janepowers@ewingandclark.com

$320,000

1 Baths ⋅ 2544379 MLS ⋅ ACTIVE Status

Live at the intersection of luxury and lifestyle in the heart of South Lake Union at 2200 Westlake. This sun-drenched, 7th Floor WEST-facing residence showcases captivating city views with sunsets, rich hardwood floors, fresh paint, Air Conditioning, and a new in-unit Washer and Dryer—offering a refined, move-in ready urban retreat. The thoughtfully designed kitchen features sleek stainless steel appliances, a GAS range, and clean modern lines—perfect for everyday living and entertaining. The open-concept layout maximizes space and light, creating an inviting atmosphere ideal as a primary residence, investment opportunity (NO RENTAL CAP), or stylish pied-à-terre. Enjoy secure parking, storage, and EV charging capability—rare in the city core. Residents enjoy resort-style amenities: rooftop terrace w/ BBQs and panoramic views, fitness center, sauna, spa, movie theater, club & game rooms, and concierge service. Step outside to a 100 Walk Score lifestyle with Whole Foods and the 1 Hotel downstairs, plus Starbucks, La Loba, spa & retail. Moments to SLU’s best—Barry’s, Farmers Market, Amazon, Spheres, Cornish College of the Arts, The Butcher’s Table, District H, Downtown Waterfront, and Shake Shack. Pet-friendly and perfectly positioned—this is where convenience, comfort, and luxury converge.

900 Lenora Street Unit #W702, Seattle

Listing Broker: COMPASS; Michele Liang; 425-802-8416; michele.liang@compass.com

$349,000

1 Beds ⋅ 1 Baths ⋅ 2536157 MLS ⋅ ACTIVE Status

Prime downtown Seattle location! Bright and spacious 1-bedroom, 1-bath corner unit with abundant windows that fill the home with natural light. The open-concept living area offers a unique, airy feel, while the kitchen features slab granite countertops, an undermount sink, and ample cabinetry. The oversized laundry room provides extra storage space, and a convenient coat closet welcomes you at the entry. Located within walking distance of Seattle Center and just minutes from shopping, dining, entertainment, and major employers including Amazon, Meta, and Google campuses. HOA dues include access to a fitness center, yoga room, and a community lounge with a full kitchen and pool table. The rooftop deck features BBQ grills, seating areas, and garden beds for growing your own vegetables while enjoying spectacular views of the Space Needle. Pet-friendly building with no rental cap, making it ideal for both homeowners and investors. The seller purchased this home for $535,000 and has priced it aggressively solely to downsize, creating an outstanding opportunity to own an exceptional downtown property at an incredible value.

699 John Street Unit #502, Seattle

Listing Broker: Skyline Properties, Inc.; Kay Jun; 206-898-4915; kaysjun@gmail.com

Start Your Search

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.