Rainier Beach Homes under $500,000

Rainier Beach Homes under $500,000

Welcome to Rainier Beach, a vibrant and welcoming neighborhood nestled in the heart of Seattle, Washington. Known for its stunning views of Lake Washington and the majestic Mount Rainier, this charming subdivision offers a unique blend of urban convenience and natural beauty. With its rich cultural diversity and community-oriented spirit, Rainier Beach is not just a place to live; it’s a place to thrive.

One of the most appealing aspects of Rainier Beach is its accessibility to a variety of homes priced under $500,000. This makes it an attractive option for first-time homebuyers, families, and investors alike. From cozy bungalows to modern townhomes, the real estate options here are as diverse as the community itself. Many homes boast spacious yards, perfect for outdoor gatherings, gardening, or simply enjoying the serene surroundings.

Residents of Rainier Beach enjoy easy access to local parks, including the popular Rainier Beach Urban Farm and Wetlands, where you can engage with nature and participate in community gardening activities. The neighborhood is also well-connected by public transportation, making commuting to downtown Seattle a breeze. Plus, with an array of local shops, cafes, and restaurants nearby, you’ll find everything you need just a stone's throw away.

Whether you’re looking to settle down or invest in a promising area, Rainier Beach offers a unique opportunity to enjoy Seattle living without breaking the bank. Discover your dream home in this enchanting neighborhood today!

Newest Rainier Beach Homes under $500,000

9520 Rainier Avenue S Unit #204, Seattle
$389,000
1 Beds ⋅ 1 Baths ⋅ 2591080 MLS ⋅ Water's Edge BLDG.
Sweeping views of Lake Washington take center stage in this waterfront condo at Water's Edge. Floor-to-ceiling windows span the living room, while a generous covered terrace offers views of the ever-changing scenery on the lake. The spacious, open layout features updated flooring and a refreshed kitchen with all appliances replaced in 2024, including an induction range, plus a new sink and faucet. Other updates include a stacked washer/dryer and Elfa closet organizers. Enjoy single-level living with elevator access, a private exterior entrance, on-site parking, and additional storage. An assigned boat slip is just another perk of this amazing community. Preferred lender, Jim Murphy, willing to offer 1% up to $3,650 in closing cost credit for buyer. Ask for details!

9520 Rainier Avenue S Unit #204, Seattle
9468 Rainier Avenue S Unit #M37, Seattle
$85,000
2513757 MLS ⋅ Spinnaker Bay Moorage Division BLDG.
One of the nicest slips available at Spinnaker Bay Marina! Located at the southern tip of Lake Washington, great access to east/west side boating destinations and north to the locks, this boutique Marina has only 47 slips. This boat home is located near the end of the dock closest to the Spinnaker Bay Condo Building offering both ease of parking & excellent shelter from weather events. Spinnaker Marina and Spinnaker Bay Condo community enjoy a friendly atmosphere and warm vibe. Drive into Spinnaker properties through a secure gate with your individual gate code. The moorage dock where opens with your non-duplicatable key. Spinnaker Bay Condo owners in the overlook the boat slips & lake beyond with 36 units on 5 floors observing their stunning views over the marina. This offers improved security your boat home and when you are on the dock after your moonlight cruise. Your slip can accommodate a 32' boat and includes electrical connection, water and lighting. There is also a sewage dump station on-site and a cabana with bathroom & temporary lockers. One parking pass is included in your ownership. Spinnaker is a non-liveaboard but ok to stay the weekend and annual rentals are welcome. Launch your boat at Atlantic City public boat launch, an impressive ramp with tons of parking and six launches. Short walk from the launch to your slip.

9468 Rainier Avenue S Unit #M37, Seattle
9500 Rainier Avenue S Unit #507, Seattle
$360,000
2 Beds ⋅ 1 Baths ⋅ 2508619 MLS ⋅ Spinnaker Bay Condominiums BLDG.
Wake up to breathtaking, unobstructed views of Lake Washington in this beautifully refreshed waterfront condo offering true lakefront living in Seattle. This light-filled residence features expansive water and marina views enjoyed from the living space, bedrooms, and private balcony creating a serene backdrop for everyday living. Watch boats glide by, enjoy peaceful mornings, and unwind with stunning sunsets from the comfort of your home. The thoughtfully updated interior includes new lighting and modern faucets, enhancing the clean, contemporary feel. With 893 square feet, this home is perfectly sized and efficiently laid out with two bedrooms, one bathroom, plus a bonus vanity area. Ideal for added functionality and storage. Large windows throughout the home fill the space with natural light and highlight the ever-changing waterfront scenery. The well-maintained waterfront community offers desirable amenities including a pool, waterfront setting, and nearby marina access, delivering a relaxed, resort-like lifestyle just minutes from downtown Seattle. The unit includes one off-street designated parking space. Affordable HOA dues include water, sewer, and garbage, providing exceptional value for waterfront condo living. Enjoy easy access to I-5 and I-90 for commuting and travel throughout the region. A rare opportunity to own a true Lake Washington waterfront condo combining lifestyle, location, and low-maintenance living in one of Seattle’s most sought-after settings.

9500 Rainier Avenue S Unit #507, Seattle
9030 Seward Park Avenue S Unit #513, Seattle
$479,000
2 Beds ⋅ 2 Baths ⋅ 2416028 MLS ⋅ Park Shore Villa BLDG.
One-of-a-Kind Waterfront Opportunity on Lake Washington! Rare top-floor corner unit with sweeping 180° views of Lake Washington, Cascade Mountains, and marina. Enjoy breathtaking sunrises from your covered balcony watching sailboats drift by. This beautifully appointed unit features stainless steel appliances, quartz vanities, in-unit W/D, and 2 parking spaces. Amenities include storage locker, pool, cabana, sauna, pool table, and full kitchen. Unbeatable location: walk to parks, boat launch, shops, restaurants, and Light Rail. Easy access to Sea-Tac, Southcenter, Seattle, and the Eastside. HOA dues cover water, sewer, garbage and common maintenance. Rentals allowed (buyer to verify rental cap). A unique opportunity for waterfront living!

9030 Seward Park Avenue S Unit #513, Seattle
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.


Information courtesy of Intermountain Multiple Listing Service. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non‐commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. All listings provided by IMLS are marked with the official IMLS IDX icon.

How much is your home worth?

Get instant property value now!