Downtown · Seattle

Verified Data Updated March 2026

Olive 8

737 Olive Way

2009
Year Built
229
Total Units
39
Stories
$900–$2500+
HOA Range
Mid-Rise
Type
Olive 8 condominiums in Downtown, Seattle

Policy at a Glance

The four questions every serious buyer asks before scheduling a showing.

Key Amenities

5 on file

Spahotel servicespoolconciergefitness

Olive 8: Key Facts

Building: Olive 8
Address: 737 Olive Way, Seattle, WA
Neighborhood: Downtown
Year Built: 2009
Developer: R.C. Hedreen
Total Units: 229
Stories: 39
Type: Mid-Rise
HOA Fee Range: $900–$2500+/mo
HOA Cost per SF: $1.02/SF/mo
Pet Policy: Pets allowed with restrictions
Rental Policy: Rental cap applies
Walk Score: 99
Transit Score: 100
Starting Price: $750K+
Key Amenities: Spa · hotel services · pool · concierge · fitness

Profile by Jeff Reynolds, Seattle Condo Specialist · Compass Real Estate · 20+ years, 500+ transactions

Verified Updated March 2026

About Olive 8

Olive 8 is a Mid-Rise building in Downtown, Seattle. Built in 2009 with 229 residences across 39 stories.

Building Details

Seattle’s first LEED Silver-certified residential high-rise at 737 Olive Way. 39 stories, 229 residences, connected to the Hyatt at Olive 8 with shared hotel amenities.

Olive 8 Residences at 737 Olive Way is Seattle’s first LEED Silver-certified residential high-rise, completed in 2009. The 39-story tower occupies a landmark Downtown position at the corner of Olive Way and 8th Avenue, directly connected to the Hyatt at Olive 8 hotel. This integration gives residents access to hotel-level amenities that no standalone residential building can replicate.

The building’s 229 residences include one-bedroom to three-bedroom floor plans, many with floor-to-ceiling windows and sweeping views of Downtown Seattle, Capitol Hill, Lake Union, and Puget Sound from upper floors. LEED Silver certification reflects Olive 8’s energy-efficient design, including advanced mechanical systems and sustainable operational practices.

Residents enjoy exclusive access to the Hyatt at Olive 8’s full-service spa, indoor pool and hot tub, state-of-the-art fitness center, and multiple dining venues. A dedicated residential concierge provides building services separately from hotel operations. This amenity combination makes Olive 8 one of Downtown Seattle’s most comprehensively serviced addresses.

Olive 8 operates under a rental cap, supporting owner-occupancy levels that benefit long-term resale values. With over 15 years of operating history, the building’s HOA reserves are mature and its resale record is well-documented. Jeff Reynolds has deep expertise in Olive 8’s floor plan values, view orientations, and the nuances of hotel-connected condo ownership.

Frequently Asked Questions

Where is Olive 8 Residences located? +

Olive 8 Residences is located at 737 Olive Way, Seattle, WA 98101 in Downtown Seattle, at the corner of Olive Way and 8th Avenue. The building is directly connected to the Hyatt at Olive 8 hotel and is within walking distance of Capitol Hill, the Downtown retail core, Seattle Central Library, and multiple transit options. Walk Score exceeds 97.

How many units does Olive 8 have? +

Olive 8 has 229 residential units across 39 floors, completed in 2009. Floor plans range from one-bedroom to three-bedroom residences. Upper floors deliver panoramic views of Downtown Seattle, Capitol Hill, Lake Union, and Puget Sound. Contact Jeff Reynolds for current inventory, recent sale prices, and floor plan availability.

What year was Olive 8 built? +

Olive 8 Residences was completed in 2009 as Seattle’s first LEED Silver-certified residential high-rise. The building’s sustainable design and hotel-connected amenity package established a new benchmark for Downtown Seattle luxury condo living. With 15+ years of operating history, the HOA reserves are mature and financials are fully transparent.

What are HOA fees at Olive 8? +

HOA fees at Olive 8 are estimated at $800 to $2,200 per month depending on unit size and floor. These fees reflect the building’s exceptional amenity package: access to the Hyatt hotel spa, indoor pool, fitness center, residential concierge, and 39-story building operations. Contact Jeff Reynolds for the current fee schedule and reserve fund analysis.

Does Olive 8 have a rental cap? +

Yes, Olive 8 Residences operates under a rental cap. Buyers planning to lease their unit should verify current rental availability with the HOA before purchase. The rental cap supports high owner-occupancy and protects long-term resale values. Jeff Reynolds can pull the current rental concentration data before you submit an offer.

Jeff Reynolds, Seattle condo specialist

Jeff Reynolds

Seattle Condo Specialist · Compass Real Estate · 20+ Years

Jeff Reynolds has spent 20+ years exclusively focused on Seattle's condo market, closing 500+ transactions and personally profiling 202+ buildings. His building-level expertise, grounded in HOA financials, reserve fund health, construction quality, and resale performance, is the foundation of every recommendation on this site. Have a question about Olive 8?

Ask Jeff About Olive 8

Or call directly: 206-794-1118 · jeff.reynolds@compass.com