
Seattle, WA 98116
This Waterfront Condominium represents a Strong Value Opportunity, listed at $325,000—positioned above the $309,454 Fair Market Value by 5%. While priced slightly above market, the property offers a Condition Rating of 3, featuring a private balcony with panoramic Puget Sound views. With no rental cap and a $10,000 seller credit for upgrades, this unit provides significant flexibility for Buy-and-Hold Investors or Owner-Occupants seeking a prime Alki Beach lifestyle with easy access to downtown Seattle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1156 Alki Avenue SW #104 Subject 1 bd · 1 ba · 671 sqft · $461 | $325,000* List Price | 1 | 1 | 671 | $461 | - |
A 2331 42nd Avenue SW 414 Sold 1 bd · 1 ba · 650 sqft · $462 · 0.9 mi | $300,000 | 1 | 1 | 650 | $462 | 0.9 mi |
B 2110 California Avenue SW C Sold 2 bd · 1 ba · 729 sqft · $567 · 0.7 mi | $413,000 | 2 | 1 | 729 | $567 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is well-maintained, functional, and explicitly described as move-in ready. The kitchen features updated white shaker cabinets and a clean layout, though some elements like the popcorn ceilings and mirrored walls are dated. A seller credit is offered for cosmetic upgrades, aligning with a well-maintained older home that has undergone partial renovations.
Situated on Alki Avenue, the unit offers sweeping views of Puget Sound and the Seattle skyline, providing a premium coastal lifestyle with immediate access to beach trails and the Water Taxi.
The rare absence of a rental cap makes this property an exceptional opportunity for investors or homeowners seeking long-term flexibility in a highly desirable rental market.
A $10,000 seller credit toward a mortgage rate buy-down or cosmetic upgrades provides immediate financial relief and value-add potential for the buyer.
At $677 per month, the association fees are relatively high for a one-bedroom unit of this size, which may impact the overall monthly affordability for some buyers.
Originally built in 1966, the property may require additional investment for cosmetic modernization to meet contemporary aesthetic standards, despite being move-in ready.
$10,000 SELLER CREDIT TOWARD A RATE BUY-DOWN OR COSMETIC UPGRADES! Wake up to sweeping views of Puget Sound, the Seattle skyline, and the ever-changing backdrop of ferries and boats from this light-filled Alki retreat. Perfectly positioned just moments from Alki Beach, this prime location offers easy access to scenic waterfront trails, local cafés, popular dining destinations, and the West Seattle Water Taxi for a quick commute to downtown Seattle. Inside, abundant natural light fills the open living spaces, creating a warm and inviting atmosphere ideal for both everyday living and entertaining. Expansive sliding glass doors open to a private balcony, seamlessly blending indoor and outdoor living and providing the perfect place to enjoy spectacular sunsets and panoramic waterfront views. The spacious primary bedroom offers a peaceful retreat, while the well-maintained interior is move-in ready with opportunity to add your own personal touches. Additional amenities include a brand-new elevator completed in June, dedicated storage, guest parking, and convenient on-site laundry facilities. The rare benefit of no rental cap adds exceptional flexibility, making this an attractive opportunity for homeowners, part-time residents, and investors alike. Experience the very best of West Seattle living with stunning water and city views, beachside convenience, and effortless access to downtown Seattle, all from one of Alki’s most desirable locations.
No exterior & parking available.
Grades PK-5 • 1.0 mi
Grades PK-5 • 1.5 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 671 | 1,048.033 |
| Lot Size | - | 1,930.425 |
| Price | $325.0K | $548.3K |
| Price per sq ft | $484 | $551 |
| Built year | 1966 | 1997 |
| HOA | $677 | $317 |
| Days on market | 45 | 63 |
Sep 9, 2026
$325,000
Initial Listing