2514 57th Avenue SW 203, Seattle, WA 98116, Seattle, 98116 - 1 bed, 1 bath
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2514 57th Avenue SW 203
Seattle, WA 98116
ACTIVE
CONDITION: GOOD
1Beds
1Baths
793Sq Ft
0Lot Size
Property Price
LIST PRICE$435,000
EST. MARKET VALUE
$417,523
4% AboveMARKET VALUE
SUMMARY
This Alki Point Condominium is a Strong Value Opportunity, listed at $450,000—positioned well below the $420,261 Fair Market Value by -7%. While the list price exceeds the current estimate, the property offers a Condition Rating of 3, featuring modern LVP flooring and stainless steel appliances. Residents enjoy a prime coastal location with peekaboo water views and proximity to top-rated schools like Alki Elementary. This move-in ready home is an ideal acquisition for first-time buyers or owner-occupants seeking a lifestyle-focused, low-maintenance beachside residence.
Estimated Market Value
$417,523
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 |
|---|---|---|---|---|---|---|
★ 2514 57th Avenue SW 203 Subject | $435,000* List Price | 1 | 1 | 793 | $527 | - |
A 3142 Alki Avenue SW 303 Sold | $535,000 | 2 | 1 | 803 | $666 | 0.7 mi |
B 2316 44th Avenue SW 203 Sold | $339,000 | 1 | 1 | 518 | $654 | 0.8 mi |
C 3435 California Avenue SW 303 Sold | $415,000 | 2 | 2 | 862 | $481 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although the building was constructed in 1964, the unit has been updated with modern LVP flooring and stainless steel appliances, suggesting a renovation within the 5-15 year range. The interior appears well-maintained, functional, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the highly desirable Alki Point, the property is just steps from the beach, waterfront trails, and local dining, offering an exceptional lifestyle value.
- Modernized Interior & Amenities
The unit features contemporary LVP flooring, stainless steel appliances, and the rare convenience of in-unit laundry and a private balcony with water views.
- Accessibility & Parking
This pet-friendly building offers secured entry with elevator access for a no-stairs experience, complemented by a dedicated off-street parking space.
CONSRISKS & DEFICIENCIES
- Building Age
Constructed in 1964, the building may lack some of the modern energy efficiencies or soundproofing found in newer developments.
- Limited Water Views
While the balcony offers a view of the water, it is characterized as 'peekaboo,' meaning it is likely partial or obstructed rather than a full, clear vista.
About 2514 57th Avenue SW 203
Welcome to 2514 57th Ave SW #203, a light-filled Alki Point condo just steps to Alki Beach, dining, parks, and waterfront strolls. This 1 bed, 1 bath home offers 793 square feet of living space with LVP flooring, an open, spacious feel, and a balcony with peekaboo water views—a great spot to relax at the end of the day. Enjoy no-stairs access with a secured entry lobby and elevator, plus in-unit laundry, stainless appliances, and one designated off-street parking space. A well-run HOA and pet-friendly building round out the package in one of West Seattle’s beachside locations.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1964
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $453 / Month
Neighborhood Insights
Seattle Unified Schools
Alki Elementary School
Grades PK-5 • 0.3 mi
8/10
Lafayette Elementary School
Grades PK-5 • 0.8 mi
8/10
Madison Middle School
Grades 6-8 • 0.9 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 793 | 1,034.227 |
| Lot Size | - | 2,208.034 |
| Price | $435.0K | $552.8K |
| Price per sq ft | $549 | $559 |
| Built year | 1964 | 1997 |
| HOA | $453 | $311 |
| Days on market | 37 | 63 |
Pricing History
Listed for Sale
Aug 30, 2026
$435,000
$450,000
-3% Price Drop
Initial Listing
Price Change
Aug 3, 2026
$450,000
Initial Listing