Bank owned Lake Washington waterfront?  Yep.  The crash in the housing market has hit some of the most coveted real estate in the Seattle.  Check this place out!  It’s located in the highly desired “West of Market” neighborhood of Kirkland.  Now owned by Washington Trust Bank, it was once listed at $3,700,000 in May of 2008. Now just 3 years later its being re-introduced at $1,695,000!

Referred to as the “Lake Pad”,  this 1,420 sq. ft. home sits on nearly a 1/3 of an acre with big west facing views.  Even catching the top of the Seattle skyline on a clear day.  It features a dock, boat house and plenty of space for your friends to park their boats. For any of you hoping to see the inside, you may be disappointed. No pictures of the interiors.

You can check out the listing here: 515 5th Ave W

Photo courtesy of L. Williams John L. Scott