Some Seattle neighborhoods you admire from the outside. Leschi is one of them: a quiet stretch on the western shore of Lake Washington, named for Chief Leschi of the Nisqually, about a ten-minute drive from downtown, with a lakeside marina and a string of waterfront parks. For most people, "living in Leschi" has been a nice thought and an impossible price tag. reSpace changes that.
What it is actually like to live here
Leschi has the feel of a small lakeside town folded into the city. Morning walks along the water through Leschi Park and Frink Park. A marina and a lakefront commercial core. Coffee at a corner cafe, dinner with a lake view. It is also, as the Seattle Post-Intelligencer once put it, "not an exclusive enclave for the rich" despite its million-dollar homes, a genuinely diverse neighborhood mixing grand old houses with modest ones.
The price of admission, and the workaround
Here is the honest part. Leschi's lakefront homes have long run past a million dollars, with recent neighborhood guides putting the median near $1.35 million, well above Seattle's overall median. Buying a whole home here alone is out of reach for almost everyone who is not already wealthy.
Co-homeownership is the workaround. Instead of buying a $1.35 million house, you own a private suite in a beautiful Leschi home through reSpace, starting at $124,500, with a monthly payment close to what a one-bedroom rents for in Seattle. You get the neighborhood, the lake, the walks, and real ownership, without needing seven figures.
What you own at The Leschi Collection
A private suite that is yours: ensuite bath, walk-in closet, private washer and dryer, wet bar, and a dedicated workspace. Plus shared access to the designed common areas, a full kitchen, living room, and outdoor space. You hold a membership interest in the home's single-purpose LLC, and reSpace handles the management and maintenance. Two of the five suites are already reserved.
Come stand in it
The best way to know if Leschi is for you is to be there. We hold open houses at the home on Fridays and Saturdays through July 18, from 10 AM to 2 PM.
Reserve an open house time, see owning in Leschi, or read how reSpace works.
Frequently asked questions
What is the Leschi neighborhood in Seattle like?
Leschi sits on the western shore of Lake Washington, about a 10-minute drive from downtown Seattle, with a lakeside marina, a string of waterfront parks, and a small-town feel. It is known for lake views, walkability, and a racially and economically diverse community.
How much do homes cost in Leschi?
Leschi is one of Seattle's pricier neighborhoods, with lakefront homes long topping a million dollars and recent guides putting the neighborhood median near $1.35 million. Through reSpace, you can own a private suite in Leschi starting at $124,500.
Can I actually afford to live in Leschi?
Yes, through co-homeownership. Instead of buying a whole million-dollar Leschi home, you own a private suite at The Leschi Collection from $124,500, with a monthly payment close to what a one-bedroom rents for in Seattle.
Sources
Not an investment. Not a solicitation.