The Real Deal New York

Seattle’s ‘little sister’ is all grown up and living beside Jeff Bezos

Bellevue has grown into a 150,000-person town thanks to corporate offices setting up shop
November 12, 2017 03:09PM

(Credit: front photo by James Duncan Davidson; back photo of Bellevue and Seattle by Joes723/Wikimedia Commons)

Ten miles outside Seattle, Bellevue is a small town that’s got it all going for it — especially with neighbors like Jeff Bezos and Bill Gates.

“Bellevue is Seattle’s beautiful little sister,” said Windermere Real Estate’s Anna Riley to Mansion Global.

Average single-family homes in the town go for about $1.32 million, while a waterfront property can go for up to $21 million. Condo prices are on average about $580,000, but can go as high as $3 million, with the majority of newly-built homes selling for somewhere between $2.2 and $3.5 million.

The city is experiencing rapid growth from “a single stoplight town,” as Realogics Sotheby’s International Realty’ Dean Jones called it, to a town of 150,000. The growth spurt is thanks to almost 1,300 business setting up shop and bringing their 45,000 employees in every work day. Companies like Microsoft, Expedia, Verizon and T-Mobile all have offices in Bellevue.

Further proof of its success: “Bellevue Square Mall is considered one of the top five most successful malls in the U.S.,” said Jones.

[Mansion Global] — E.K. Hudson