Overlake

Overlake is a high-density, tech-centric neighborhood straddling the Redmond-Bellevue border, home to Microsoft's main campus and a growing urban village of apartments, offices, and retail. With a median price of $1,375,000 and $760/sqft, it commands premium pricing driven by walkability to employers that few Eastside neighborhoods can match. The -17.9% YoY decline reflects broader market softening rather than a loss of fundamental appeal.

Overlake offers a walkable, urban-suburban hybrid lifestyle anchored by the Overlake Village retail corridor and the Crossroads area just across the Bellevue border. The neighborhood features multiple parks, the Overlake Transit Center, and dedicated bike lanes making car-free commuting to Microsoft realistic. It has a cosmopolitan, international feel shaped by its large tech workforce.

Microsoft or tech employee — Wants a short commute — often walkable or bikeable — to campus while owning rather than renting. Real estate investor — Strong rental demand from the large tech workforce creates reliable income and long-term appreciation potential. Urban lifestyle buyer — Prefers walkable amenities, transit access, and an international community over a traditional suburban setting.