1778 Alki Avenue SW, Seattle, WA 98116, Seattle, 98116 - 2 bed, 2 bath
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1778 Alki Avenue SW
Seattle, WA 98116
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,550Sq Ft
1,339Lot Size
Property Price
LIST PRICE$1,519,000
EST. MARKET VALUE
$1,668,782
8% BelowMARKET VALUE
SUMMARY
This Sophisticated Coastal Townhome is a Strong Value Opportunity, listed at $1,548,450—positioned well below the $1,682,072 Fair Market Value by 7%. This valuation gap offers $133,622 in Instant Equity for the buyer. Featuring a 2022 Build Date and Mint Condition Rating, this home offers premium finishes, air conditioning, and a rooftop deck with panoramic water views. Located near top-rated schools like Lafayette Elementary, this residence is an ideal acquisition for professional couples or owner-occupants seeking a turnkey, luxury Alki Beach lifestyle.
Estimated Market Value
$1,668,782+$149,782 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 1778 Alki Avenue SW Subject | $1,519,000* List Price | 2 | 2 | 1,550 | $1,077 | - |
A 2456 55th Avenue SW Active | $1,149,000 List Price | 3 | 4 | 1,632 | $704 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2022, this property is less than 10 years old and in mint condition. It features a gourmet kitchen with premium Miele appliances, modern bathrooms with contemporary fixtures, and updated systems including air conditioning (mini-splits) and luxury vinyl flooring throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the heart of the vibrant Alki Beach community, the property offers unparalleled access to waterfront trails, popular restaurants, and a premium beach lifestyle.
- Modern Luxury & Amenities
This 2022-built home features high-end finishes, essential air conditioning, a private garage, and an expansive rooftop deck, providing a turnkey experience for discerning buyers.
- Exceptional Water Views
The open-concept design and large windows are strategically placed to capture captivating water views, significantly increasing the home's desirability and market value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1339, other record lot size in square feet = 1091.
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1339, living area = 1550.
- High Price per Bedroom
At a list price of approximately $1.55M for only two bedrooms, the property represents a high price point that may limit the buyer pool to professional couples or downsizers.
About 1778 Alki Avenue SW
Sophisticated, air-conditioned, like-new townhome with captivating water views in the vibrant Alki Beach community! This stunning 3-story, open-concept home offers 1,550 square feet of thoughtfully designed living space featuring 2 bedrooms, 2 bathrooms, a private garage, a beautifully appointed community amenity patio, and an incredible rooftop deck perfect for relaxing or entertaining. The spacious primary suite features a walk-in closet and a luxurious en-suite bathroom complete with a freestanding soaking tub and a walk-in shower. The gourmet kitchen is equipped with premium appliances and opens seamlessly to the dining and living areas, where expansive windows fill the home with abundant natural light while showcasing the surrounding water views. Luxury vinyl flooring and contemporary finishes complete this beautifully designed residence. Located just minutes from Alki Beach, waterfront trails, restaurants, cafés, and parks, this exceptional home offers the perfect blend of luxury, convenience, and coastal living. Whether you're entertaining guests on the rooftop deck or enjoying a quiet evening at home, this townhome delivers an unmatched Alki lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2022
- Lot Size
- 1,339 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $200 / Month
Neighborhood Insights
Seattle Unified Schools
Lafayette Elementary School
Grades PK-5 • 0.6 mi
8/10
Alki Elementary School
Grades PK-5 • 0.8 mi
8/10
Madison Middle School
Grades 6-8 • 1.0 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,550 | 1,803.474 |
| Lot Size | 1,339 | 4,544.116 |
| Price | $1.52M | $978.6K |
| Price per sq ft | $980 | $570 |
| Built year | 2022 | 1949 |
| HOA | $200 | $68 |
| Days on market | 41 | 36 |
Pricing History
Listed for Sale
Aug 13, 2026
$1,519,000
$1,548,450
-2% Price Drop
Initial Listing
Price Change
Jul 30, 2026
$1,548,450
Initial Listing