It is located on the water in Eastlake on the east side of Lake Union, a community of about 500 floating homes.

Custom features of this cozy three-bedroom home include a built-in fanned storage room under the stairs; rectangular seating around the kitchen table; and three children's bunks with trunk ladders. At just under 1,200 square feet, the waterfront home's interior space is fully optimized and efficiently utilized.

"This home was designed for a family of five with many quality built-ins that provide useful storage and a comfortable feel," said listing agent Melissa Ahlers.

One of the real highlights of the home is the seamless indoor-outdoor living experience it offers. It comes with a boat dock for quick and easy access to town. There are also several outdoor deck spaces - including one with potted trees - where hummingbirds nest each spring.

When the weather is nice in Seattle, this floating home is an ideal place to stay.

"There's an outdoor deck on the second floor that's like an extra room in the house," Ahlers says." You can jump in the lake from there and take a quick rinse in the heated outdoor shower afterward."

Originally built in 1999, the house underwent an extensive renovation in 2006 with the help of local architect Eric Blank. Upgrades included additional storage space, which required a major remodel of the home's main wall to accommodate more closets and a full-size bathtub.

The homeowners also built an additional office that provides sound deadening insulation for late-night gaming sessions.

The home is located in the Turners Chalk Mooring District, a local historic district designed to preserve the feel of the old floating home docks. It's a charming area right on the water.

"The quaint entrance gazebo and colorful, individually painted mailboxes welcome residents and guests," Ahlers said.

This particular house is located on the "broad side" of the marina, which makes it a natural meeting point for neighborhood events such as Easter egg-dyeing parties, caroling kayak excursions, jazz quartet performances and even lemonade stands.

If you're ready to get your ocean legs, this is a beautifully engaging option in the Emerald City.