Lake Union, Seattle · Once in a Generation
7,400 sq ft · 5 Bed · 7 Bath · 40-Slip Marina · 1.08 Acres Deeded Waterfront
Offered at $15,000,000The Residence
Once in a generation, a property like this comes to market. Established in 1975, this extraordinary Lake Union waterfront estate has been family owned for nearly fifty years — and is offered for the very first time. With sweeping views of Gasworks Park, Capitol Hill, and the Aurora Bridge, it stands as one of Seattle's most irreplaceable addresses.
This is not just a home — it is a fully operating, income-generating waterfront enterprise producing $450,000+ in annual revenue today — with a clear path to $500,000+ for the next owner. The marina is at full capacity. All four commercial office suites are leased — including one dedicated to marina business operations. This business has run strong through every economic cycle for five decades — recession-proof, proven, and primed for the next generation of ownership.
Highlights
Inside the Estate · Every Room, a View
The Marina
The marina is fully occupied. All 40 boat slips — liveaboard and non-liveaboard — are leased. All four commercial office suites are leased — including one dedicated to marina business operations. Every revenue stream is running — producing $450,000+ annually — with immediate upside available on day one as new ownership activates all revenue streams. This is a 50-year-old business with an unblemished track record through every market cycle. No DNR lease. No HOA. Original building plans and recent pier inspections available.
“Some homes are houses. This one becomes the story your grandchildren tell.”
Est. 1975 · Lake Union, Seattle · $450K+ Revenue Today · Path to $500K+ · Fully Occupied
The Opportunity
40 fully occupied slips, a live-aboard community, and direct Lake Union access make this a turnkey home for a private boat club or yacht club with immediate membership income.
With the waterfront deck, sweeping bridge views, 7,400 sq ft of event space, and a marina backdrop, this property is a world-class venue for weddings, corporate retreats, and private events.
Five bedrooms, seven baths, and a marina that pays for itself. Live beautifully on Lake Union while your investment grows — a home built to be passed from one generation to the next.
Property Details
Listing Agent
Managing Broker · Skyline Properties, Inc.