1156 Alki Avenue SW 201, Seattle, WA 98116, Seattle, 98116 - 1 bed, 1 bath
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Seattle, WA 98116
Analysis of 1156 Alki Avenue SW 201, Seattle, WA 98116 is currently available with a list price of $379,500. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Seattle Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1966, the unit is functional and well-maintained but significantly outdated. The kitchen features older white appliances, electric coil burners, and dated tile countertops. The presence of popcorn ceilings and basic carpeting suggests the property has not undergone a major interior renovation in several decades, though it remains move-in ready for a buyer willing to accept older finishes.
The property boasts an exceptional Alki location with 180-degree views of the Puget Sound, Olympic Mountains, and the Seattle skyline, offering a quintessential Pacific Northwest lifestyle just steps from the beach.
With no rental cap and a generous $10,000 seller-paid closing cost credit, this unit presents a highly attractive opportunity for both investors and first-time buyers looking to enter the West Seattle market.
The HOA dues include essential utilities and rare earthquake insurance, while the building benefits from recent capital improvements like a new elevator, ensuring better long-term value and reduced maintenance concerns.
At only 479 square feet, the living space is quite compact for a one-bedroom unit, which may feel restrictive for buyers seeking more room for furniture or a home office.
The unit relies on shared building laundry facilities rather than having an in-unit washer and dryer, which is a common drawback for modern buyers prioritizing convenience.
Luna Park Condos offer an incredible Alki location. Unit #201 has views of the Puget Sound, Elliott Bay marina, Magnolia, Discovery Park & Olympic mountains in the background. The actual Luna "Park" is anchored just across the street with 180 degree+ views, including the full Seattle skyline for your enjoyment year round. ~1 mile to Alki sandy beaches & acclaimed restaurants/amenities & only ~1/2 mile to the water taxi, with freeway access just beyond & minutes to the West Seattle junction. This 1 bed, 1 full bath unit also has a greenbelt view from the dining & bedroom areas. Luna Park condo amenities include a new elevator (est May completion), individual storage, dedicated parking, laundry, gardening & BBQ areas! HOA dues include, water, sewer, garbage, earthquake insurance & common area maintenance. Summer on Alki is around the corner. No rental cap or special assessment. Exceptional location.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1966 | - | 0% |
| HOA | $523 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 10, 2026
$379,500
$389,500
-3% Price Drop
Initial Listing
Mar 12, 2026
$389,500
Initial Listing