
Seattle, WA 98116
This Boutique Waterfront Condominium is a High-Potential Investment Opportunity, listed at $850,000—positioned well above the $721,337 Fair Market Value by 17%. While the price reflects a premium, the property offers a Condition Rating of 4, featuring an open-concept layout and unobstructed panoramic views of Puget Sound. With no rental caps and a stable HOA, this asset provides significant flexibility for Buy-and-Hold Investors or Owner-Occupants seeking a luxury lifestyle near top-rated schools like Lafayette Elementary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1600 Alki Avenue SW #202 Subject 2 bd · 2 ba · 1,193 sqft · $605 | $850,000* List Price | 2 | 2 | 1,193 | $605 | - |
A 1170 SW Alki 300 Sold 2 bd · 2 ba · 1,614 sqft · $604 · 0.6 mi | $975,000 | 2 | 2 | 1,614 | $604 | 0.6 mi |
B 2115 California Avenue SW 402 Sold 2 bd · 2 ba · 1,157 sqft · $519 · 0.5 mi | $600,000 | 2 | 2 | 1,157 | $519 | 0.5 mi |
C 1101 Harbor Avenue SW 2C Sold 2 bd · 2 ba · 1,146 sqft · $589 · 0.7 mi | $675,000 | 2 | 2 | 1,146 | $589 | 0.7 mi |
D 1101 Harbor Avenue SW 3C Sold 2 bd · 2 ba · 1,146 sqft · $585 · 0.7 mi | $670,000 | 2 | 2 | 1,146 | $585 | 0.7 mi |
E 1527 California Avenue SW 301 Active 3 bd · 2 ba · 1,422 sqft · $527 · 0.4 mi | $749,000 List Price | 3 | 2 | 1,422 | $527 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, the property is 25 years old and falls into the >20y category. While exceptionally well-maintained and move-in ready, the kitchen's maple cabinetry and the bathroom's tile countertops and fixtures are dated and original to the construction era, requiring modern updates to reach a higher classification.
The unit features unobstructed, panoramic views of Puget Sound and the Olympic Mountains, providing a quintessential Pacific Northwest living experience from the main living areas and private deck.
With only six residences in this Cape Cod-style community, owners enjoy enhanced privacy, tranquility, and a sense of exclusivity rarely found in high-density beachfront developments.
The property boasts no rental caps and a stable HOA with no special assessments, offering significant flexibility for long-term investors and financial peace of mind for homeowners.
The monthly HOA fee of $990 is relatively high for a two-bedroom unit, which increases the total monthly carrying cost and may impact buyer affordability.
Having spent 99 days on the market with a recent price reduction, the listing may be perceived as stagnant, potentially affecting its leverage during negotiations.
NEW PRICE- THE BEST DEAL ON ALKI BEACH IS WAITING FOR YOU! Live your best life on the beach in one of Alki’s most sought-after boutique condominium buildings. Spacious unit with high-end finishes, freshly updated main entrance sets the tone for luxurious living from the moment you step inside. This charming Cape Cod-style community offers just six residences, ensuring privacy and tranquility. The beautifully designed 2 bed/2 bath home blends sophistication and comfort with high-end finishes and an open, circular layout. Enjoy unobstructed views of Puget Sound and the Olympic Mountains from the open-concept kitchen, living, and dining areas. Step onto your private covered deck for morning coffee or sunset views as ferries and whales pass by. Features include wide plank hardwoods, wainscoting, maple cabinetry, and a chef’s kitchen with stainless steel appliances and eating bar. The spacious primary suite is complete with a walk-in closet and en-suite bath, backing into the private greenbelt. Flexible second bedroom can be used as a guest bed/office/media room or kept closed off to create a more traditional bedroom. Includes two secure garage parking spaces and lots of additional storage. Located just steps from Alki’s vibrant beachfront with its cafes and restaurants along the scenic boardwalk. Experience the beauty of waterfront living year-round—every season on the beach is truly special. No rental cap, no special assessments, stable and healthy HOA. Join us!
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades PK-5 • 0.9 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,193 | 1,048.033 |
| Lot Size | - | 1,930.425 |
| Price | $850.0K | $548.3K |
| Price per sq ft | $712 | $551 |
| Built year | 1999 | 1997 |
| HOA | $990 | $317 |
| Days on market | 115 | 63 |
Oct 8, 2026
$850,000
$869,000
-2% Price Drop
Initial Listing
Jul 1, 2026
$869,000
Initial Listing