Seattle Condo Authority Network • First Hill
80-unit First Hill mid-rise completed 2022. Among Seattle's newest condo buildings, with contemporary construction standards and First Hill's medical district location.
Building Profile
| Building Name | Graystone |
| Address | Data to be verified |
| Year Built | 2022 |
| Total Units | 80 |
| Stories | Data to be verified |
| Neighborhood | First Hill, Seattle, WA |
| HOA Fees | $550–$1,050/mo (est.) |
| Price Range | $500K–$1.5M+ |
| Rental Policy | Data to be verified |
| Building Type | Mid-Rise |
About This Building
Graystone is an 80-unit condominium mid-rise in First Hill, completed in 2022. As one of Seattle's most recently completed condo buildings, Graystone delivers the construction standards, energy efficiency, and design sensibilities of early-2020s residential development, with a First Hill location that positions residents between Capitol Hill and Downtown Seattle.
First Hill is Seattle's medical and academic district, home to Swedish, Virginia Mason, Harborview, and several affiliated institutions. The neighborhood attracts healthcare professionals, university staff, and urban buyers who value the proximity to Capitol Hill's amenities while preferring First Hill's quieter residential character. The neighborhood is also directly served by the First Hill Streetcar connecting to Capitol Hill and the International District.
As a 2022 completion, Graystone is at the beginning of its HOA reserve accumulation. Buyers of new and recently completed buildings benefit from contemporary construction materials and systems, modern energy standards, and the full original warranty coverage period on building systems.
Jeff Reynolds maintains sales data and HOA financials for Graystone within the Seattle Condo Authority Network. Address and stories count should be verified; contact Jeff for current listings, new construction buyer strategy, and a comparison of First Hill's available inventory.
Due Diligence
Key factors every buyer should evaluate before making an offer at Graystone. Jeff Reynolds reviews these items as part of every buyer consultation for this building.
Graystone was completed in 2022. At approximately 3 years of age, the building may still be in or recently past its initial lease-up phase. Reserve fund contributions have just begun accumulating—verify the current reserve study baseline and confirm the contribution rate is on track for long-term capital needs.
At $550–$1,050/mo, Graystone’s HOA is above mid-market for First Hill. Verify what is included: concierge, amenities, parking, storage, and reserve contributions. New construction buildings sometimes set initial HOA fees below true cost to support initial sales—verify whether the fee is expected to increase.
First Hill sits between Capitol Hill and downtown Seattle, served by the First Hill Streetcar and within walking distance of Capitol Hill’s restaurant corridor. The neighborhood is also home to major medical campuses (Swedish, Harborview, Virginia Mason), which drives strong rental and buyer demand from healthcare professionals.
As a 2022 building, Graystone may still have active builder warranties on some building systems. Verify what warranty coverage remains, review the developer’s post-delivery responsiveness history, and confirm all documented deficiencies from the initial delivery have been addressed.
Buyer Fit
Graystone attracts specific buyer profiles based on its building format, location, ownership structure, and price point. Here is who Jeff Reynolds most often works with at this building—and why.
Graystone’s 2022 construction delivers the newest specifications available on First Hill. For buyers who prioritize modern building quality and are comfortable with a building still in its early operational phase, Graystone is one of the strongest options.
First Hill’s concentration of major medical employers creates consistent buyer and renter demand from healthcare professionals. Graystone’s new construction and walkable proximity to these campuses makes it a natural fit for this buyer profile.
Graystone’s 2022 construction delivers what older buildings simply cannot—modern specifications, fresh finishes, and current building systems. For buyers whose priorities center on building quality over vintage value, it represents one of the newest options in First Hill.
Market Data
Graystone trades at the upper end of First Hill pricing, reflecting its 2022 construction and modern amenity package. New-construction premium is visible in per-square-foot comparisons to 2005–2010 First Hill buildings.
| Unit Type | Recent Sale Range | Est. $/sq ft | Notes |
|---|---|---|---|
| Studio | $440K–$560K | $530–$620 | 2022 new construction premium |
| 1-Bedroom | $560K–$780K | $530–$610 | First Hill medical district adds demand |
| 2-Bedroom | $820K–$1.2M | $525–$600 | Modern finishes support upper range |
Pricing reflects Graystone in First Hill (2022 vintage, 80 units). HOA estimated at $550–$1,050/mo. Contact Jeff Reynolds for current listings, verified HOA financials, and a personalized buyer analysis.
Knowledge Base
Before buying any Seattle condo, these guides answer the questions every buyer should resolve about HOA finances, financing eligibility, and closing requirements.
What condo HOA fees cover, how they're calculated, and what to look for in a building's fee structure.
How reserve funds work, what percent-funded means, and why the reserve study matters before you buy.
How rental caps, owner-occupancy ratios, and HOA delinquency rates affect your loan eligibility.
What the resale certificate contains, why it matters, and the key red flags buyers should watch for.
Explore More
Other condos in First Hill at a similar price tier, with links to full building profiles, buyer analysis, and current market data.
See all buildings: Browse all First Hill condo buildings →
Frequently Asked Questions
Graystone is located in First Hill, Seattle. The exact address is to be verified. First Hill sits between Capitol Hill and Downtown Seattle, served by the First Hill Streetcar and within walking distance of Capitol Hill's restaurant and bar district. The neighborhood is home to several major medical institutions.
Graystone has 80 residences. The building was completed in 2022. Contact Jeff Reynolds for current unit availability, floor plan options, and recent comparable sales.
Graystone was completed in 2022, making it one of Seattle's newest condominium buildings. As a recent completion, the building benefits from contemporary construction standards, modern energy efficiency, and full warranty coverage on building systems.
HOA fees at Graystone are estimated at $550–$1,050 per month depending on unit size. As a recently completed building, HOA fees reflect early-stage reserve accumulation and contemporary amenity operating costs. Contact Jeff Reynolds for verified current figures.
First Hill offers a quieter residential environment compared to Capitol Hill's bar and nightlife density or Downtown's commercial intensity, while remaining a short streetcar or walk away from both. The neighborhood's medical district employment base creates strong rental demand for investors. Jeff Reynolds can advise on First Hill's specific value proposition relative to neighboring Seattle condo markets.
Your First Hill Condo Specialist
Jeff Reynolds is Seattle's leading specialist in urban condominiums, with deep expertise in Graystone and every building in the Seattle Condo Authority Network. If you're buying or selling at Graystone, Jeff has the data, the relationships, and the track record to represent you.
Jeff tracks every sale at Graystone, maintains HOA financial data, and knows which floor plans and view orientations hold value best. This depth of building-level knowledge is what separates a specialist from a generalist.
Jeff Reynolds • Seattle Condo Authority Network • jeff.reynolds@compass.com
Current listings, recent sales, HOA financials, and buyer strategy. No obligation.