1374 Alki Avenue SW 400, Seattle, WA 98116, Seattle, 98116 - 4 bed, 3 bath
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Seattle, WA 98116
This full-floor condominium presents a Strong Value Opportunity, listed at $1,997,000—positioned well below the $2,124,237 Fair Market Value by 5%. This valuation gap offers $127,237 in Instant Equity. Featuring panoramic Puget Sound and Olympic Mountain views, this Condition Rating 4 asset offers a rare, private layout with direct elevator access. While the interior invites modernization, the concrete and steel construction provides a solid foundation for Buy-and-Hold Investors or Owner-Occupants seeking a high-end, customizable residence on Alki Beach.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1374 Alki Avenue SW 400 Subject | $1,997,000* List Price | 4 | 3 | 2,959 | $718 | - |
A 1338 Alki Avenue SW 500 Active | $1,925,000 List Price | 2 | 3 | 2,435 | $791 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990 (34 years old), the property is well-maintained but features dated finishes including honey-oak cabinetry and older tile work in the kitchen and bathrooms. The listing description explicitly suggests bringing 'inspiration' to create a new residence, indicating that while functional and move-in ready, the interior systems and aesthetics are over 20 years old and due for modernization.
This rare residence occupies the entire fourth floor with direct elevator access into the home, offering a level of privacy and security seldom found in high-density condominium living.
The property boasts breathtaking, unobstructed vistas of the Puget Sound and Olympic Mountains, providing a front-row seat to Pacific Northwest nature, marine life, and sunsets.
Constructed with high-quality concrete and steel, the unit features essential modern comforts including central A/C, a gourmet kitchen, and two side-by-side parking spaces.
The monthly HOA fee of $3,744 is exceptionally high, which may impact the overall affordability and appeal for buyers sensitive to high ongoing carrying costs.
Given the 1990 construction date and the marketing suggestion to 'bring your inspiration,' the unit likely requires additional capital investment to modernize finishes to current luxury standards.
A Rare and Exceptional Value opportunity to own an entire floor in a sought after concrete and steel building in one of Seattle’s most Iconic locations! Featuring breathtaking and sweeping Sound and Mountain vistas Sunrise to Sunset...the view doesn't get any better than this! Passing Orcas, playful seals, and the soothing rhythm of the tides create a daily connection to nature and the beauty of the Pacific Northwest. This luxury unit and building offer the ultimate in privacy with the entire 4th floor dedicated as your home. Inside, an expansive open-concept layout is filled with plenty of Natural light, a Gourmet Kitchen, cozy Gas Fireplace and Central A/C for year around comfort. Flexible living spaces include a Family/ Den/ Dining Room perfectly suited for both everyday living and entertainment. Included are 4 bedrooms, including a Luxurious Primary View Suite, and direct access into the home from the elevator door. Two side by side parking spaces and generous storage area included. Bring your inspiration and create your own stunning residence or lucrative investment opportunity on Alki Beach!
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades PK-5 • 1.2 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
Jun 11, 2026
$1,997,000
Initial Listing