Seattle
Co-homeownership in Seattle, neighborhood by neighborhood.
reSpace is structured co-homeownership across Seattle: you own a private suite in a beautifully designed home with your own mortgage and a membership interest in the home's LLC. Buying a place near Lake Washington, in Ballard, or anywhere you love to be is finally within reach.
The idea
What co-homeownership is, and why it fits Seattle.
In Seattle, the gap between what a home costs and what most people can save for a down payment keeps getting wider. A typical single-family house sits well out of reach for someone who can comfortably cover a monthly payment but cannot assemble a six-figure down payment on their own. Co-homeownership closes that gap.
Here is how it works in plain terms. reSpace takes a real home, often a single-family house, and thoughtfully converts it into several private ownership suites that share beautifully designed common areas. You buy one suite. You hold your own mortgage on it and a membership interest in the home's LLC, so you are a true owner, not a renter. Your suite is your own private space (it includes a wet bar), and you share the larger common-area kitchen, living spaces, and outdoor areas with a small group of fellow owners. You build wealth over time the way any homeowner does, at a starting price that lines up with what people already pay to rent in this city.
The result is a way into Seattle homeownership that does not require waiting years for prices to come down or for your savings to catch up. You get the design, the location, and the ownership, today.
On the map
Where reSpace is in Seattle.
Our first community is open in Leschi, our next is taking shape in Ballard, and we are building out from there across the region. Here is where things stand.
Our first community, near Lake Washington
Leschi is where reSpace started. We took a single-family home a short walk from the Lake Washington shoreline and converted it into five private ownership suites that share designed common spaces. The setting is hard to beat: the lakefront parks and beaches, the small cluster of cafes and restaurants near the water, and quick access to downtown and the I-90 corridor. It is the first place in Seattle where you can own a suite in a reSpace home.
The Grove, ownership from $179,000
The Grove is reSpace's community in development in Ballard: three architecturally distinct buildings holding eight private ownership suites, wrapped around shared designer spaces. Ballard puts you near the Locks, the weekly farmers market on Ballard Avenue, the breweries and waterfront of Shilshole, and the bike and bus connections along Market Street. Ownership starts at $179,000, about what it costs to rent a one-bedroom in Seattle.
More communities in development
reSpace is expanding across Seattle, Bellevue, and Kirkland, bringing co-homeownership to more of the places people want to live and work. If your neighborhood is not on the map yet, that does not mean it is off the table. Joining the waitlist tells us where demand is and helps shape where we build next. We will share specifics on new homes only when they are real.
The path
How ownership works here.
Three steps take you from curious to owning a suite in a reSpace home.
Join the waitlist
Tell us where in Seattle you want to be and what you are looking for. The waitlist is how we learn who is ready and which neighborhoods to prioritize. It costs nothing and keeps you first in line as suites open in Leschi, Ballard, and the communities we are building next.
Get matched to a home and a suite
We walk you through the available homes, the layout of each suite, the shared common spaces, and the small group of owners you would share the home with. Together we find the suite and community that fit your budget and the way you actually live.
Own your suite
You secure your own mortgage on your suite and a membership interest in the home's LLC, then move in. From there you are a homeowner: your private space is yours, the designed common areas are shared, and you build wealth over time the way any owner does.
Questions
Seattle co-homeownership, answered.
Where in Seattle can I buy?
Right now you can own a suite in our first community in Leschi, near Lake Washington, which is a single-family home reSpace converted into five private suites. The Grove in Ballard is in development, with three architecturally distinct buildings and eight ownership suites. We are also building across Seattle, Bellevue, and Kirkland, so joining the waitlist is the best way to be first in line as new homes open in the neighborhoods you want.
How much does it cost to start?
At The Grove in Ballard, ownership starts at $179,000, which is about what it costs to rent a one-bedroom in Seattle. Pricing varies by home and by suite, so the clearest way to see what fits your budget is to join the waitlist or book a call and we will walk you through the current options.
Is this only in Seattle?
No. Seattle is where reSpace started, with Leschi open and Ballard in development, but we are building across Seattle, Bellevue, and Kirkland. If you are interested in a specific area, tell us on the waitlist. That demand helps shape where we build next.
How is this different from a condo or an HOA?
With a condo you own a unit outright and pay into an HOA for shared maintenance. With reSpace co-homeownership you own a private suite and hold a membership interest in the home's LLC, sharing beautifully designed common areas with a small group of fellow owners. The homes are intentionally designed and converted by reSpace, the communities are small, and the entry price is built to line up with what people already pay to rent in Seattle.
Do I get my own mortgage?
Yes. You secure your own mortgage on your suite, the same way any homeowner finances their home, alongside a membership interest in the home's LLC. You are a true owner of your space, not a renter, and you build wealth over time as you pay down your mortgage.
Own a piece of Seattle, neighborhood by neighborhood.
Leschi is open, Ballard is taking shape, and more communities are on the way across Seattle, Bellevue, and Kirkland. Join the waitlist and be first in line for the suite that fits your life.
Join the Waitlist