1221 Harbor Avenue SW #402-3, Seattle, WA 98116, Seattle, 98116 - 4 bed, 4 bath
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1221 Harbor Avenue SW #402-3
Seattle, WA 98116
ACTIVE
CONDITION: GOOD
4Beds
4Baths
2,468Sq Ft
0Lot Size
Property Price
LIST PRICE$1,425,000
EST. MARKET VALUE
$1,346,612
5% AboveMARKET VALUE
SUMMARY
This Penthouse-Style Waterfront Residence represents a High-Potential Investment Opportunity, listed at $1,425,000—positioned above the $1,346,613 Fair Market Value. While priced at a premium, the property offers a Condition Rating of 3, featuring a spacious 2,468 sq. ft. layout with Panoramic Skyline and Puget Sound Views. The unique ability to restore the original dual-unit configuration provides significant flexibility for multigenerational living or future asset division. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a rare, high-flexibility waterfront lifestyle near top-rated schools.
Estimated Market Value
$1,346,612
Based on Realkey algorithm analyzing recent comparable sales in Seattle.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1221 Harbor Avenue SW #402-3 Subject 4 bd · 4 ba · 2,468 sqft · $546 | $1,425,000* List Price | 4 | 4 | 2,468 | $546 | - |
A 1221 Harbor Avenue SW 402-3 Active 4 bd · 4 ba · 2,469 sqft · $577 · 0.0 mi | $1,425,000 List Price | 4 | 4 | 2,469 | $577 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1976 but significantly updated and well-maintained. The entertainer's kitchen features stainless steel appliances and wood cabinetry consistent with a 10-20 year old renovation. The interior features hardwood flooring in main areas and is move-in ready, though some elements like the fireplace surround and bedroom carpeting appear slightly dated.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Panoramic Views
The residence offers rare, unobstructed views of the Seattle skyline, Puget Sound, and Mt. Rainier from nearly every window, providing a premier visual experience that is highly coveted in the Seattle market.
- Exceptional Scale & Flexibility
At 2,468 sq. ft., this combined double-unit features four bedrooms and two kitchens, offering unique potential for multigenerational living or the opportunity to restore it into two separate investment properties.
- Prime Waterfront Location
Situated steps from Alki Beach and the West Seattle Water Taxi, the property offers an elite lifestyle with immediate access to waterfront dining, parks, and a convenient, scenic commute to downtown Seattle.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $2,160 per month is substantial and may be a deterrent for buyers sensitive to high recurring non-mortgage expenses.
- Building Age & Potential Updates
Built in 1976, the property may require modern aesthetic or systemic updates to compete with the luxury finishes found in newer waterfront condominium developments.
About 1221 Harbor Avenue SW #402-3
Where can you find 2,468 sq ft, two primary suites, and unobstructed views of Puget Sound, the Seattle skyline, and Mt. Rainier — on Alki? This one-of-a-kind penthouse at The Seabird was made by combining two top-floor units, and it was built for buyers whose lives don't fit a standard floor plan. Multigenerational household? Each generation gets its own primary suite — real privacy, with room to gather. Working from home? A dedicated office, plus living spaces that truly separate work from life. Love to entertain? An entertainer's kitchen, a second kitchen, formal and casual dining, and two private view balconies made for sunset dinners over the Sound. And the flexibility goes further: explore returning the home to its original two-unit configuration — live in one side, rent the other or house family. Gas fireplace, pantry, in-unit laundry, abundant storage, and 2 secure garage spaces complete the picture. Steps to Alki Beach, waterfront dining, cafés, and the West Seattle Water Taxi. Views are common on Alki. This much space, privacy, and flexibility at this value is not.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1976
- Lot Size
- -
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $2160 / Month
Neighborhood Insights
Seattle Unified Schools
Lafayette Elementary School
Grades PK-5 • 0.9 mi
8/10
Alki Elementary School
Grades PK-5 • 1.5 mi
8/10
Madison Middle School
Grades 6-8 • 1.4 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,468 | 1,048.033 |
| Lot Size | - | 1,930.425 |
| Price | $1.43M | $548.3K |
| Price per sq ft | $577 | $551 |
| Built year | 1976 | 1997 |
| HOA | $2160 | $317 |
| Days on market | 86 | 63 |
Pricing History
Listed for Sale
Jul 30, 2026
$1,425,000
Initial Listing