Rainier Beach Homes under $500,000

Welcome to Rainier Beach, a hidden gem nestled in the vibrant city of Seattle, Washington. This charming neighborhood is known for its rich cultural diversity, picturesque parks, and stunning views of Lake Washington. With its welcoming atmosphere and strong sense of community, Rainier Beach offers an ideal environment for families, young professionals, and retirees alike.

One of the standout features of Rainier Beach is its accessibility to outdoor activities. Residents can enjoy the natural beauty of the area with easy access to the scenic shores of Lake Washington, where you can spend your weekends kayaking, picnicking, or simply soaking in the sun. The nearby Rainier Beach Urban Farm & Wetlands provides a unique opportunity for community engagement and sustainable living, making it a hub for local events and gatherings.

For those seeking affordable housing options, Rainier Beach is an excellent choice. With homes available under $500,000, this neighborhood presents a unique opportunity for first-time homebuyers or anyone looking to invest in the Seattle real estate market. From cozy bungalows to charming townhouses, the properties in this area offer great potential for personalization and growth.

Moreover, Rainier Beach boasts a variety of local shops, cafes, and eateries that capture the essence of Seattle’s culinary scene. With excellent schools and a close-knit community, it’s no wonder that Rainier Beach is becoming increasingly popular among homebuyers.

Experience the warmth and vibrancy of Rainier Beach, where affordable living meets a dynamic lifestyle in one of Seattle's most beloved neighborhoods.

Newest Rainier Beach Homes under $500,000

9520 Rainier Avenue S Unit #204, Seattle

$389,000

1 Beds ⋅ 1 Baths ⋅ 2591080 MLS ⋅ ACTIVE Status

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

Listing Broker: Windermere Bellevue Commons; Tina Walters; 206-612-1215; tina.walters@windermere.com

$440,000

2 Beds ⋅ 1 Baths ⋅ 2539492 MLS ⋅ ACTIVE Status

Condo alternative-come see this renovated 2 bedroom home where classic character meets modern comfort. The inviting covered front porch sets the tone, offering the perfect spot to enjoy your morning coffee or unwind at the end of the day. Inside, you'll find a thoughtfully updated interior featuring fresh finishes while preserving the home's original charm. The new kitchen is designed to impress, featuring sleek quartz countertops, stylish new cabinetry, and a full suite of stainless steel appliances. Whether you're preparing a quick meal or hosting a dinner party, this space combines beauty and functionality. The completely remodeled bathroom offers a luxurious oversized shower and contemporary fixtures. Two comfortable bedrooms provide flexibility for guests, a home office, or additional living space. Step outside to the rear deck, perfect for summer barbecues and outdoor dining. An unfinished basement offers abundant storage and room for hobbies, tools, seasonal items, or future possibilities. Conveniently located near bus routes; within a mile of the light rail station and major commuting corridors. Nature lovers will appreciate the close proximity to Kubota Gardens, one of Seattle's most treasured green spaces, featuring stunning landscapes, walking paths, and year-round beauty. Move-in ready and packed with updates, this charming home offers the perfect blend of character, convenience, and modern amenities in an excellent location.

9623 54th Avenue S, Seattle

Listing Broker: John L. Scott, Inc; Eric S. Uyeji; 206-854-4468; ericu@johnlscott.com

9468 Rainier Avenue S Unit #M37, Seattle

$85,000

2513757 MLS ⋅ ACTIVE Status

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

Listing Broker: Windermere Real Estate/PSR Inc; Darla Morton; 206-551-1999; darla@windermere.com

9500 Rainier Avenue S Unit #507, Seattle

$360,000

2 Beds ⋅ 1 Baths ⋅ 2508619 MLS ⋅ ACTIVE Status

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

Listing Broker: eXp Realty; Molly Masoner; 425-563-3005; mollymasonerrealestate@gmail.com

$125,000

2 Baths ⋅ 2446390 MLS ⋅ ACTIVE Status

Protected 30-foot boat slip just three piers down from parking lot. Very little wave action and easy to load boat from vehicle. Live aboard permitted for owner occupants with an extra fee. No rental cap. HOA fees include water, power, electrical service, garbage, and use of clubhouse that includes coin laundry and showers. Also included is a mailbox and heated storage. Secure grounds protected by fencing, electric gate and cameras. Owner financing on approval of credit.

9050 Seward Park Ave Unit #146, Seattle

Listing Broker: Newberry Realty Renton; Cat Carey; 206-304-7494; RealtybyCat@gmail.com

9030 Seward Park Avenue S Unit #513, Seattle

$479,000

2 Beds ⋅ 2 Baths ⋅ 2416028 MLS ⋅ ACTIVE Status

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

Listing Broker: Coldwell Banker Danforth; Gerald H. Bennett; 206-650-4060; designwestmgt@hotmail.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.