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590 Waterfront Way - Kirkland Tower 1,121 SF Flex Condo Unit Offered at $975,000 in Vancouver, WA 98660
Investment Highlights
- Tax Abatement Through 2031 The single most defensible financial differentiator in the Vancouver waterfront market.
- Ultimate Lock & Leave Lifestyle Private concierge, valet, and Hotel Indigo services next door mean ownership with zero maintenance burden.
- Washington State address with Portland Metro access (no income tax in WA and no sales tax in OR)
Executive Summary
Rare Waterfront Luxury Condo | Tax Abatement Through 2031 | Vancouver, WA Kirkland Tower Residence 700 is a west-facing luxury condominium on the Vancouver Waterfront offering an exceptional combination of premium finishes, irreplaceable location, and a significant financial advantage unavailable in virtually any comparable property in the Portland Metro market — a tax abatement running through 2031. The Financial Case For an investor or owner-occupant, the tax abatement through 2031 materially reduces annual carrying costs compared to every other luxury condo in the market. On a $975,000 acquisition, that differential compounds meaningfully over the remaining abatement period. Washington state also carries no personal income tax — an additional advantage for buyers relocating from Oregon or California. The Unit 1,121 SF | 1 Bedroom + Den/Office Highest available floor for this floor plan, west-facing — City and sunset views Floor-to-ceiling windows throughout Miele appliance package Premium finishes and curated design details Private waterfront terrace accessible by all residents 1 assigned underground parking space The Building Kirkland Tower is Vancouver's only true luxury high-rise condominium — 40 residences across 12 stories, completed 2021, located directly on the Columbia River waterfront. Amenities include private concierge and valet services, rooftop terrace, residents' lounge, fitness studio, chef's catering kitchen, bike storage, and pet washing station. Residents enjoy direct access to Hotel Indigo's restaurants, bars, and à la carte services, including El Gaucho. The Location Situated at 590 Waterfront Way in downtown Vancouver's reimagined 20-block waterfront district — minutes from Portland, I-5, and PDX. The surrounding corridor continues to attract new office, retail, restaurant, and cultural development, supporting long-term asset appreciation. Sale Terms Offered at $975,000. Property is in move-in ready condition. Seller is motivated. All information should be independently verified by buyer and buyer's representatives including HOA financials, reserve status, rental restrictions, and tax abatement terms. Listing Broker David Merrick, CRS, CLHMS Cascade Hasson Sotheby's International Realty Licensed Oregon & Washington (360) 947-1625
Data Room Click Here to Access
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Tile Floors
- Eat-in Kitchen
- Hardwood Floors
- Ice Maker
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Wi-Fi
- Den
- Double Pane Windows
- Island Kitchen
- Quartz Countertops
- Floor to Ceiling Windows
Site Amenities
- 24 Hour Access
- Controlled Access
- Concierge
- Fitness Center
- Waterfront
- Disposal Chutes
- Grill
- Gas Range
- On-Site Retail
- Package Service
- Walking/Biking Trails
- Conference Rooms
- Elevator
- Lounge
1 Unit Available
Unit 700
| Unit Size | 1,121 SF | Cap Rate | 3.97% |
| Price | $975,000 | NOI | $38,707.50 |
| Price Per SF | $869.76 | No. Parking Spaces | 1 |
| Condo Use | Flex | APN/Parcel ID | 986061-558 |
| Sale Type | Investment or Owner User |
| Unit Size | 1,121 SF |
| Price | $975,000 |
| Price Per SF | $869.76 |
| Condo Use | Flex |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.97% |
| NOI | $38,707.50 |
| No. Parking Spaces | 1 |
| APN/Parcel ID | 986061-558 |
Description
Residence 700 | Kirkland Tower | 590 Waterfront Way, Vancouver, WA 98660
Northwest-facing 1-bedroom plus den luxury condominium on the highest available floor for this floor plan, offering sweeping city views through floor-to-ceiling windows. At 2,000 SF, this residence lives significantly larger than comparable luxury condos in the market — the den functions as a dedicated home office, guest room, or creative space.
Unit Features
2,000 SF | 1 Bedroom + Den
Highest available floor for this floor plan
Northwest-facing | City views
Floor-to-ceiling windows throughout
Miele appliance package
Premium finishes and curated design details
Private waterfront terrace
In-unit laundry
1 assigned underground parking space
The Financial Advantage
Property tax abatement runs through 2031 — a quantifiable carrying cost reduction unavailable on any comparable luxury condo in the Portland Metro or Vancouver waterfront market. Combined with Washington's zero personal income tax, the effective cost of ownership is materially lower than the purchase price alone suggests. At $975,000 with a projected rental range of $5,500–$6,500/month, the unit supports a 4.0–5.2% cap rate with the abatement significantly improving effective yield through 2031.
Lock & Leave Ownership
Private concierge, valet, and full Hotel Indigo service access mean zero maintenance burden on the owner. Travel, split time between markets, or lease it — this unit operates itself.
Sale Terms
Move-in ready. All information to be independently verified by buyer including HOA financials, reserve status, rental restrictions, and tax abatement terms.
Sale Notes
Priced well below market value.
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590 Waterfront Way - Kirkland Tower
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