diff --git a/src/declaration/properties.js b/src/declaration/properties.js
index 656d9b4..dbd77ff 100644
--- a/src/declaration/properties.js
+++ b/src/declaration/properties.js
@@ -129,7 +129,7 @@
       }
       return map;
     },
-    createPropertyAccessor: function(name) {
+    createPropertyAccessor: function(name, ignoreWrites) {
       var proto = this.prototype;
 
       var privateName = name + '_';
@@ -145,6 +145,10 @@
           return this[privateName];
         },
         set: function(value) {
+          if (ignoreWrites) {
+            return this[privateName];
+          }
+
           var observable = this[privateObservable];
           if (observable) {
             observable.setValue(value);
@@ -161,16 +165,20 @@
       });
     },
     createPropertyAccessors: function(prototype) {
-      var n$ = prototype._publishNames;
+      var n$ = prototype._computedNames;
       if (n$ && n$.length) {
         for (var i=0, l=n$.length, n, fn; (i<l) && (n=n$[i]); i++) {
-          this.createPropertyAccessor(n);
+          this.createPropertyAccessor(n, true);
         }
       }
-      var n$ = prototype._computedNames;
+      var n$ = prototype._publishNames;
       if (n$ && n$.length) {
         for (var i=0, l=n$.length, n, fn; (i<l) && (n=n$[i]); i++) {
-          this.createPropertyAccessor(n);
+          // If the property is computed and published, the accessor is created
+          // above.
+          if (!prototype.computed || !prototype.computed[n]) {
+            this.createPropertyAccessor(n);
+          }
         }
       }
     }
diff --git a/src/instance/properties.js b/src/instance/properties.js
index 293913d..d74dcaf 100644
--- a/src/instance/properties.js
+++ b/src/instance/properties.js
@@ -148,15 +148,27 @@
     bindToAccessor: function(name, observable, resolveFn) {
       var privateName = name + '_';
       var privateObservable  = name + 'Observable_';
+      // Present for properties which are computed and published and have a
+      // bound value.
+      var privateComputedBoundValue = name + 'ComputedBoundObservable_';
 
       this[privateObservable] = observable;
+
       var oldValue = this[privateName];
 
       var self = this;
-      var value = observable.open(function(value, oldValue) {
+      function updateValue(value, oldValue) {
         self[privateName] = value;
+
+        var setObserveable = self[privateComputedBoundValue];
+        if (setObserveable && typeof setObserveable.setValue == 'function') {
+          setObserveable.setValue(value);
+        }
+ 
         self.emitPropertyChangeRecord(name, value, oldValue);
-      });
+      }
+ 
+      var value = observable.open(updateValue);
 
       if (resolveFn && !areSameValue(oldValue, value)) {
         var resolvedValue = resolveFn(oldValue, value);
@@ -167,13 +179,13 @@
         }
       }
 
-      this[privateName] = value;
-      this.emitPropertyChangeRecord(name, value, oldValue);
+      updateValue(value, oldValue);
 
       var observer = {
         close: function() {
           observable.close();
           self[privateObservable] = undefined;
+          self[privateComputedBoundValue] = undefined;
         }
       };
       this.registerObserver(observer);
@@ -201,6 +213,17 @@
         this[property] = observable;
         return;
       }
+      var computed = this.element.prototype.computed;
+
+      // Binding an "out-only" value to a computed property. Note that
+      // since this observer isn't opened, it doesn't need to be closed on
+      // cleanup.
+      if (computed && computed[property]) {
+        var privateComputedBoundValue = property + 'ComputedBoundObservable_';
+        this[privateComputedBoundValue] = observable;
+        return;
+      }
+
       return this.bindToAccessor(property, observable, resolveBindingValue);
     },
     invokeMethod: function(method, args) {
diff --git a/test/html/computedProperties.html b/test/html/computedProperties.html
index 025ecb3..a43661f 100644
--- a/test/html/computedProperties.html
+++ b/test/html/computedProperties.html
@@ -16,29 +16,48 @@
     <script src="../../../tools/test/chai/chai.js"></script>
   </head>
   <body>
-    <x-foo foo="mee" bar="too" count=3></x-foo>
-
-    <polymer-element name="x-foo" attributes="foo bar count">
-      <template>{{ fooBar }}:{{ fooBarCounted }}</template>
+    <polymer-element name="x-foo" attributes="a b concat upper">
+      <template>{{ a }}:{{ b }}:{{ concat }}:{{ upper }}</template>
       <script>
         Polymer('x-foo', {
           computed: {
-            fooBarCounted: 'repeat(fooBar, count)',
-            fooBar: "foo + '-' + bar"
-          },
-          repeat: function(str, count) {
-            var retval = '';
-            for (var i = 0; i < count; i++) {
-              retval += (i ? ' ' : '') + str + '(' + i + ')';
-            }
-            return retval;
+            concat: "a + b",
+            upper: "toUpperCase(concat)",
           },
+          toUpperCase: function(str) {
+            return str.toUpperCase();
+          }
+        })
+      </script>
+    </polymer-element>
+
+    <polymer-element name="computed-properties-test">
+      <template>
+        <x-foo id="foo" a="a" b="b" concat="{{ concat }}" upper="{{ upper }}"></x-foo>
+      </template>
+      <script>
+        Polymer('computed-properties-test', {
+          concat: null,
+          upper: null,
           ready: function() {
-            chai.assert.equal(this.shadowRoot.innerHTML, 'mee-too:mee-too(0) mee-too(1) mee-too(2)');
+            var foo = this.$.foo;
+            chai.assert.equal(foo.shadowRoot.innerHTML, 'a:b:ab:AB');
+            chai.assert.equal(this.concat, 'ab');
+            chai.assert.equal(this.upper, 'AB');
+            chai.assert.equal(foo.concat, 'ab');
+            chai.assert.equal(foo.upper, 'AB');
+            foo.concat = 'bogus';
+            foo.upper = 'bogus';
+            chai.assert.equal(this.concat, 'ab');
+            chai.assert.equal(this.upper, 'AB');
+            chai.assert.equal(foo.concat, 'ab');
+            chai.assert.equal(foo.upper, 'AB');
             done();
           }
         })
       </script>
     </polymer-element>
+
+    <computed-properties-test></computed-properties-test>
   </body>
 </html>