Seattle Condo Authority Network · Belltown
185-unit, two-building condo community in Belltown, Seattle. Built in 2008 near Pike Place Market, the Olympic Sculpture Park, and Myrtle Edwards Park. No rental cap.
Building Profile
| Building Name | The Parc (Belltown) |
| Neighborhood | Belltown, Seattle, WA |
| Building Type | Mid-Rise Condo (Two Buildings) |
| Year Built | 2008 |
| Stories | 13 (south tower), 9 (north tower) |
| Total Units | 185 |
| HOA Fee Range | Data to be verified |
| Rental Cap | None |
| Amenities | 24-hour concierge, fitness center, owner’s lounge, guest suite, rooftop deck |
| Views | Puget Sound and Seattle skyline (rooftop deck) |
| Pet Policy | Data to be verified |
| Parking | Data to be verified |
Built in 2008, The Parc is a 185-unit condo community in Belltown comprised of two buildings: a 13-story south tower and a 9-story north tower. The location puts residents steps from Pike Place Market, the Olympic Sculpture Park, and Myrtle Edwards Park on the waterfront.
Units at The Parc feature functional open floor plans, full-sized kitchens, and floor-to-ceiling windows. Shared amenities include 24-hour concierge staff, a fitness center, owner’s lounge, guest suite, and a rooftop deck with sweeping views of Puget Sound and the Seattle skyline.
The Parc has no rental cap, which gives investors flexibility not always available in Belltown’s condo market. Belltown itself offers a Walk Score of 99 with immediate access to restaurants, the waterfront, and the Seattle Art Museum.
Note: The Parc (Belltown) is a separate property from Le Parc (Queen Anne). The domain leparccondosseattle.com is assigned to Le Parc in Queen Anne. If you arrived looking for the Queen Anne property, visit leparccondosseattle.com.
Buyer Analysis
The Parc is a two-building, 185-unit Belltown condo complex built in 2008—a 13-story south tower and a 9-story north tower. Critically, The Parc has no rental cap, which is increasingly rare among Belltown's established buildings. Jeff Reynolds's assessment covers this advantage and all relevant cautions.
The Parc's absence of a rental cap is a meaningful differentiator in a Belltown market where most established buildings restrict rentals. Buyers who want to owner-occupy today and retain the option to rent later—or who intend to invest immediately—have no waitlist to navigate and no cap constraint to work around.
The 13-story south tower and 9-story north tower offer different floor levels, views, and unit configurations. Buyers have meaningful optionality within a single project.
16 years of reserve fund contributions and governance history are documented. Buyers can review actual HOA financial performance rather than projections.
Enough transaction volume across two buildings for consistent comparable sales data. Appraisals are well-supported and the resale buyer pool is broad.
At 16 years old, The Parc is entering the first major capital cycle for elevator systems, roofing, and building envelope. Review the reserve study—covering both buildings jointly and separately if applicable—before committing.
Understand whether the two buildings operate under a single shared HOA or separate HOAs with a master association. The governance and reserve structure matters for capital project funding and decision-making.
How are the south and north towers governed and reserved? Is there a master HOA, and if so, how are costs allocated between buildings?
Request the reserve study for both buildings. What is the percent-funded status for each and what major capital projects are scheduled?
Advisory
The Parc's rental-friendly policy makes it one of Belltown's most attractive buildings for a specific range of buyers. These profiles describe who fits best.
The combination of a strong Belltown rental market and a no-cap policy is rare. Buyers who want to invest in Belltown real estate without being constrained by rental waitlists or cap availability will find The Parc one of the only established buildings that satisfies those criteria.
Many buyers purchase condos with owner-occupancy intent but want the option to rent in 3–5 years if career or life circumstances change. At Belltown buildings with rental caps, that optionality is uncertain. At The Parc, it is available.
The Parc's two-tower format gives buyers rare optionality within a single project: lower floors in the north tower vs. higher floors in the south tower, different views, different unit configurations. Buyers who want to comparison-shop within one address find The Parc uniquely structured for that.
The 2008 Belltown address places residents within the neighborhood's full amenity set—the waterfront, Pike Place Market, Seattle Center, and Belltown's restaurant corridor are all walkable. The rental policy is an added structural advantage on top of a strong location.
Market Data
The Parc prices at 2008 Belltown levels, with the rental-friendly policy supporting demand from investment buyers that most comparable buildings cannot attract.
Entry-level Belltown 2008 vintage. North and south tower lower-floor units anchor the range.
Primary resale segment across both towers. Upper-floor south tower units with water or city views command the strongest premiums.
The top of The Parc's range. High-floor south tower residences with direct Elliott Bay or Olympic Mountain views.
The Parc benefits from consistent resale volume across 185 units in two buildings, keeping comparable sales data reliable. The rental-friendly policy adds a buyer type—investors—that comparable buildings with rental caps cannot attract, which supports pricing at the margin. Contact Jeff Reynolds for current listings and recent closed sale data.
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 Belltown at a similar price tier, with links to full building profiles, buyer analysis, and current market data.
See all buildings: Browse all Belltown condo buildings →
Frequently Asked Questions
The Parc is a two-building condo community in Belltown, Seattle, near Pike Place Market, the Olympic Sculpture Park, and Myrtle Edwards Park on the Elliott Bay waterfront. Belltown is Seattle’s most condo-dense neighborhood with a Walk Score of 99, immediate access to restaurants, waterfront dining, and the Seattle Art Museum. Contact Jeff Reynolds for current unit availability and listing data at The Parc.
The Parc Belltown has 185 units spread across two buildings: a 13-story south tower and a 9-story north tower. Units feature open floor plans, full-sized kitchens, and floor-to-ceiling windows. The building has no rental cap. Contact Jeff Reynolds for current availability and listing data.
The Parc Belltown was built in 2008. It comprises two buildings: a 13-story south tower and a 9-story north tower, with 185 total units. The building was constructed during Belltown’s early 2000s condo boom, a period that produced many of the neighborhood’s mid-rise towers with full amenity packages.
HOA fee data for The Parc Belltown is pending verification in the Seattle Condo Authority Network database. HOA fees in Belltown buildings typically range from $400 to $1,500 per month depending on building size, amenities, and reserve fund status. Contact Jeff Reynolds for confirmed HOA information and current fee schedules.
The Parc Belltown is a Seattle Condo Authority Network tracked building in Belltown, one of Seattle’s strongest condo markets with 33+ buildings and the city’s highest Walk Score. Assessing whether The Parc Belltown is a good buy requires reviewing the HOA financials, reserve study, rental cap status, and current market comparables. Jeff Reynolds can walk you through all of this before you make an offer.
Your Belltown Condo Specialist
Belltown has more condo buildings than any other Seattle neighborhood, and not all of them are equal. I track HOA financials, reserve fund health, special assessment history, and resale velocity across every Belltown building in the database.
If you’re researching The Parc Belltown specifically, reach out directly and I’ll pull the most current verified data, including any active listings and recent sale comparables in the building.
Tell me what you’re looking for and I’ll follow up with verified building data and any current listings.
Seattle Condo Authority Network