Madison Park Real Estate Agent

Madison Park market snapshot

Median Sale Price$1,150,000± 0.0% YoY

Price / Sq Ft$604▼ 1.0% YoY

Median Days on Market14▲ 16.7% YoY

Sale-to-List100.0%± 0.0% YoY

Over the trailing twelve months, the median Madison Park home sold for about $1,150,000 — roughly flat year over year. Homes here typically went under contract in about 14 days at roughly 100.0% of list price (around $604/sq ft), reflecting a market easing from its peak toward balance. These rolling 12-month figures (NWMLS, June 2026) cover the broader market area around Madison Park rather than Madison Park on its own, so for any specific home it is worth comparing recent sales on that block.

About Madison Park

Madison Park sits on the eastern edge of Seattle along the shore of Lake Washington, at the end of the Madison Street corridor that runs out from downtown. The neighborhood is generally bounded by Lake Washington to the east, East Prospect Street and Denny-Blaine to the south, Lake Washington Boulevard East to the west, and Union Bay to the north.

The area takes its name from the waterfront park at the foot of Madison Street. It was developed beginning in the 1860s by Judge John J. McGilvra, who opened Madison Street out to the lake and donated 24 acres for public use. Washington Park and the private, gated Broadmoor community and golf course are subunits within Madison Park. As agent Henos Adhana with eXp Realty, I work with buyers and sellers across Seattle, the Eastside, and the north-end suburbs, and I can walk you through what transacting here involves.

Housing & homes

Madison Park is predominantly a single-family neighborhood, with a compact commercial strip near the park. Much of the housing traces to the neighborhood's early-20th-century growth as a streetcar and summer-recreation destination, so you will find older established homes alongside later infill and renovations.

Property types range from detached single-family houses on tree-lined blocks to a smaller number of townhomes and condominium buildings, including apartment and condo structures closer to the waterfront and the business district. The private Broadmoor enclave and the Washington Park area add distinct pockets of larger-lot housing within the neighborhood.

Local conditions to know

Because Madison Park fronts Lake Washington, waterfront and near-shore parcels fall within Seattle's Shoreline District, which the city applies to land within 200 feet of the shoreline, hydrologically connected wetlands, and submerged land; development there is subject to added review. Seattle's Department of Construction and Inspections also maps Environmentally Critical Areas, including liquefaction-prone soils, so a parcel-level check of the city's ECA map is worthwhile before you buy or plan work.

To the north, State Route 520 crosses Union Bay on its way to the Evergreen Point Floating Bridge, and a multi-use trail runs from East Madison Street toward Montlake and the University District. If a specific property's shoreline, slope, seismic, or flood status matters to you, I can help you pull the relevant city and FEMA mapping for that address.

Getting around & local texture

The heart of the neighborhood is the small business district along East Madison Street near the lake, with independent shops and restaurants within walking distance of the water. Madison Park's waterfront park, managed by Seattle Parks and Recreation, includes a swimming beach with summer lifeguards, tennis courts, and lawn areas. Along the neighborhood's northern and western edge lies the Washington Park Arboretum, a 230-acre living collection maintained by the University of Washington that includes the Seattle Japanese Garden.

For transit, King County Metro Route 11 connects Madison Park to Capitol Hill and downtown Seattle, and the RapidRide G Line bus rapid transit route runs along Madison Street between downtown and Madison Valley, which opened in September 2024. Madison Park is served by Seattle Public Schools; McGilvra Elementary School, at 1617 38th Avenue East, is located in the neighborhood, and the district publishes attendance-area boundaries you can confirm by address.

What buyers & sellers weigh in Madison Park

Waterfront and near-shore lots may fall in Seattle's Shoreline District (land within 200 feet of the shoreline), which adds permitting review for building and improvements.
Check Seattle SDCI's Environmentally Critical Areas map for the specific parcel, including liquefaction-prone soils, before planning construction.
Much of the housing stock is older single-family; budget for inspections of systems, foundations, and any prior renovations.
The private Broadmoor community operates as a gated subunit with its own access and rules; buying there differs from the rest of the neighborhood.
Proximity to SR 520 and the Union Bay crossing at the north end may affect specific blocks; walk the site at different times.
Transit access via Metro Route 11 and the nearby RapidRide G Line on Madison Street is a practical factor for commute-minded buyers.

What makes Madison Park distinct

Madison Park is a genuine lakefront neighborhood with a public swimming beach at the foot of Madison Street, unlike most inland Central Seattle areas.
It contains the private, gated Broadmoor golf community, a distinct enclave not found in neighboring districts.
The Washington Park Arboretum borders the neighborhood, giving direct access to a 230-acre University of Washington plant collection and the Japanese Garden.
Its street grid effectively dead-ends at Lake Washington, giving Madison Park a quieter, less through-traffic feel than corridor neighborhoods.
The neighborhood grew from an early cable-car and ferry recreation destination, which shaped its compact walkable business strip near the water.

Services in Madison Park

All services

Madison Park real estate FAQ

Where is Madison Park in Seattle?

Madison Park is in eastern Seattle on the shore of Lake Washington, at the end of the Madison Street corridor. It is generally bounded by Lake Washington to the east, East Prospect Street and Denny-Blaine to the south, Lake Washington Boulevard East to the west, and Union Bay to the north.

What kind of homes are in Madison Park?

The neighborhood is predominantly single-family, with much of the housing dating to its early-20th-century growth, plus later renovations and infill. There are also townhomes and condominium and apartment buildings, particularly nearer the waterfront and the business district, along with larger-lot areas in Broadmoor and Washington Park.

How do you get to and from Madison Park by transit?

King County Metro Route 11 connects Madison Park with Capitol Hill and downtown Seattle. The RapidRide G Line, a bus rapid transit route along Madison Street between downtown and Madison Valley, opened in September 2024 and adds another connection along the corridor.

Which school district serves Madison Park?

Madison Park is served by Seattle Public Schools. McGilvra Elementary School, at 1617 38th Avenue East, is located in the neighborhood. Attendance-area assignments are set by the district, so confirm the current boundary for a specific address before you rely on it.