1140 Alki Avenue SW 204, Seattle, WA 98116, Seattle, 98116 - 2 bed, 2 bath
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Seattle, WA 98116
This Spacious Waterfront Condominium is a Prime Investment Opportunity, listed at $729,000—positioned well below the $751,052 Fair Market Value by 2%. This valuation offers $22,052 in Instant Equity. Featuring a Condition Rating of 4, the unit showcases a rare trifecta of Mountain, Sound, and City views across a 1,424 sqft split floorplan. Situated on the Alki Promenade near Top-Rated Schools like Lafayette Elementary, it balances immediate lifestyle perks with clear modernization upside. This is a strategic choice for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1140 Alki Avenue SW 204 Subject | $675,000* List Price | 2 | 2 | 1,424 | $450 | - |
A 2104 Alki Avenue SW 205 Active | $525,000 List Price | 2 | 2 | 1,328 | $395 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready, featuring newer stainless steel appliances, a new hot water tank, and updated laundry units. However, the overall interior condition reflects its 1975 build date with older finishes, including popcorn ceilings and dated oak cabinetry in both the kitchen and bathrooms. While the systems are functional and the unit is clean, the lack of a recent comprehensive renovation to modern standards (such as stone countertops or updated cabinetry) places it in the fair category.
The property features a rare and expansive view of the Mountains, Puget Sound, and the Seattle City skyline, showcased through a massive theater-sized front window.
At 1,424 square feet, this unit offers a generous layout with a split-bedroom design that provides excellent privacy between the primary suite and the guest bedroom.
Located directly on Alki, the home offers immediate access to the promenade and is within walking distance to the Water Taxi for a seamless commute to downtown Seattle.
Built in 1975, the building may require more ongoing maintenance or lack the modern architectural aesthetics and energy efficiencies of newer waterfront developments.
The unit comes with only one assigned parking spot, which may be a challenge for multi-vehicle households in a high-traffic beach neighborhood where street parking is scarce.
The View Never Quits! What’s your favorite—sweeping mountain & Sound vistas, or glittering city lights? Welcome to Unit #204, a beautifully designed 2-bedroom, 1.75-bath single-level condo where breathtaking views take center stage. From the moment you step inside, you’re drawn to the expansive open deck and a dramatic, theater-sized picture window that perfectly frames a stunning view. The thoughtfully designed split floor plan offers both privacy & functionality. The primary suite is positioned to capture the views, creating a serene retreat, while the guest bedroom is tucked quietly toward the back of the home. At the heart of the condo, the updated kitchen features newer stainless-steel appliances & a central layout that enhances both convenience & separation between living spaces. One of the home’s standout features is the exceptionally wide living room—an inviting, light-filled space ideal for entertaining. Step outside & embrace the sought-after Alki lifestyle. Enjoy leisurely strolls along the scenic waterfront promenade, or hop on the nearby foot ferry for a quick & easy ride into downtown Seattle—perfect for sporting events. And the value? It’s just as compelling as the view: 1,424 square feet of comfortable living space, updated building amenities, including a modernized elevator, dedicated parking space, reasonable homeowner dues, private storage unit, newer full-sized washer/dryer, new hot water tank. All of this, plus a million-dollar view. Aloha from Alki!
No exterior & parking available.
Grades PK-5 • 1.0 mi
Grades PK-5 • 1.6 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1975 | - | 0% |
| HOA | $709 | $0 | 0% |
| Days on market | - | - | 0% |
May 16, 2026
$675,000
$699,000
-3% Price Drop
Initial Listing
May 2, 2026
$699,000
$715,000
-2% Price Drop
Initial Listing
Apr 25, 2026
$715,000
$729,000
-2% Price Drop
Initial Listing
Mar 19, 2026
$729,000
Initial Listing