Seattle Condo Authority Network · Belltown
80-unit Belltown condominium built in 2004. Boutique scale with owner-focused rental cap and competitive price point.
Belltown · Seattle
| Building Name | Ruby Condos |
| Address | Data to be verified |
| Neighborhood | Belltown, Seattle, WA |
| Year Built | 2004 |
| Total Units | 80 |
| Stories | Data to be verified |
| HOA Fee Range | $450–$800/month |
| Rental Policy | Rental Cap |
| Pet Policy | Pets Allowed |
| Amenities | Fitness center, rooftop deck, Belltown location |
| Parking | Secured garage parking available |
Ruby Condos is an 80-unit condominium in Seattle's Belltown neighborhood, completed in 2004. The building's boutique scale sets it apart from Belltown's larger towers, offering a more intimate community feel while maintaining the neighborhood's walkability advantages. Residents enjoy proximity to Pike Place Market, the waterfront, and Belltown's restaurant and nightlife corridor.
HOA fees at Ruby range from approximately $450 to $800 per month, reflecting a well-managed mid-size building with mature reserve funding. The rental cap keeps investor concentration low, supporting owner-occupancy and long-term community stability. Fitness center, rooftop deck access, and secured parking are available to residents.
Ruby Condos represents a value-oriented entry point for Belltown buyers who want boutique scale without sacrificing the neighborhood's amenities and walkability. Contact Jeff Reynolds for current availability, HOA documentation, and recent sales data at Ruby Condos.
Due Diligence
Key factors every buyer should evaluate before making an offer at Ruby Condos. Jeff Reynolds reviews these items as part of every buyer consultation for this building.
With over 20 years of HOA operation since 2004, Ruby Condos has a well-established reserve fund and governance history. Request the current reserve study and percent-funded figure. The building’s rental cap policy—which limits investor-owned rentals—supports owner-occupancy and HOA financial stability.
Ruby Condos has a rental cap that limits investor rentals. Verify the current cap allotment and whether any rental slots are available before purchasing as an investment property. If you plan to live in the unit, this cap works in your favor by supporting a higher owner-occupancy rate.
At 80 units, Ruby Condos is a healthy mid-size association with solid HOA economies of scale. This size supports normal Fannie Mae conventional financing eligibility if other criteria (owner-occupancy, reserves) are met. Confirm all eligibility factors before locking financing.
The mid-2000s was a strong period for Belltown condo construction quality. Verify current unit and common area conditions after 20+ years of operation. Some units will have been renovated—condition-adjusted comps are important when evaluating offer pricing.
Buyer Fit
Ruby Condos attracts specific buyer profiles based on its building format, location, HOA structure, and price point. Here is who Jeff Reynolds most often works with at this building—and why.
If you want to buy into a building where most owners are neighbors—not landlords—Ruby Condos’ rental policy is a meaningful differentiator in Belltown.
Ruby Condos is often overlooked relative to higher-profile Belltown buildings, but its combination of size, vintage, and rental policy makes it one of the more balanced mid-market options in the neighborhood.
Jeff Reynolds can model a direct price-per-square-foot comparison between Ruby Condos and newer Belltown buildings at equivalent locations. The value thesis is typically compelling for buyers comfortable with 2004 construction.
Market Data
Ruby Condos trades competitively within the 2004-vintage Belltown segment. The rental cap supports above-average owner-occupancy, which tends to stabilize pricing through market cycles. Well-maintained and renovated units consistently achieve strong per-square-foot results.
| Unit Type | Recent Sale Range | Est. $/sq ft | Notes |
|---|---|---|---|
| 1-Bedroom | $460K–$630K | $490–$570 | Owner-occupancy premium over comparable buildings |
| 2-Bedroom | $670K–$960K | $490–$555 | Renovated units achieve upper range |
Price ranges based on recent Ruby Condos sales and comparable Belltown buildings (2004 vintage, 80 units). HOA fees estimated at $450–$800/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 at a similar price tier, with full building profiles, buyer analysis, and current market data.
See all buildings: Browse all Belltown condo buildings →
Common Questions
Ruby Condos is located in Seattle's Belltown neighborhood, within walking distance of Pike Place Market, the Olympic Sculpture Park, and the downtown retail core. The exact address is currently being verified.
Ruby Condos has 80 residences. The smaller building scale creates a tight-knit owner community within Belltown's urban core.
Ruby Condos was built in 2004, giving it over 20 years of HOA history, documented reserve funding, and a well-established ownership community.
HOA fees at Ruby Condos range from approximately $450 to $800 per month depending on unit size. Fees cover building operations, common area maintenance, fitness facilities, and building insurance.
Yes, Ruby Condos has a rental cap that limits investor-owned rentals and supports owner-occupancy. Contact Jeff Reynolds for the current rental cap allotment before purchasing as an investment property.
Jeff Reynolds is Seattle's condo specialist at Compass Real Estate. Contact Jeff for current listings, off-market opportunities, HOA financials, and building-specific guidance at Ruby Condos.
Seattle Condo Authority Network