2920 Alki Avenue SW 409, Seattle, WA 98116, Seattle, 98116 - 1 bed, 1 bath
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Seattle, WA 98116
This Turnkey Waterfront Condo is a Strong Value Opportunity, listed at $550,000—positioned slightly above the $523,440 Fair Market Value. While priced at a premium, the property offers a Condition Rating of 3 with modern updates and Panoramic Puget Sound Views. Located in the vibrant Alki Beach neighborhood near Top-Rated Schools like Alki Elementary (Rating 8), this home provides a rare, move-in ready lifestyle. It is an ideal acquisition for lifestyle-focused professionals or first-time buyers seeking a premium, low-maintenance coastal residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2920 Alki Avenue SW 409 Subject | $535,000* List Price | 1 | 1 | 712 | $720 | - |
A 3142 Alki Avenue SW 303 Active | $550,328 List Price | 2 | 1 | 803 | $685 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building was originally constructed in 1926, the unit has been 'beautifully updated' with a modern kitchen, bathroom, and durable tile flooring throughout. The finishes appear to be within the 5-15 year renovation window, presenting a well-maintained, functional, and move-in ready interior.
The property boasts rare, unobstructed views of the Puget Sound, Olympic Mountains, and the Space Needle, situated directly in the heart of the vibrant Alki Beach community.
The unit features a tastefully updated kitchen and bathroom paired with durable tile flooring, offering a contemporary living space within a charming historic building.
Located within walking distance of top-rated schools like Alki Elementary (Rating 8), this property offers significant long-term value and appeal for resale.
The association fee of $609 per month is relatively high for a one-bedroom unit, which may impact the overall affordability and debt-to-income ratios for potential buyers.
Built in 1926, the property may lack modern amenities such as central air conditioning or in-unit laundry facilities commonly found in newer luxury developments.
Perfectly positioned in the heart of the vibrant Alki Beach neighborhood, this beautifully updated 1-bedroom, 1-bath condo offers the ideal blend of peaceful waterfront living and unbeatable convenience. Wake up to breathtaking views of the Puget Sound, surrounding mountains, and the iconic Space Needle from your bedroom, living room, and private outdoor space. Inside, enjoy an updated kitchen and bathroom along with durable tile flooring throughout, creating a clean, modern feel. Just outside your door, take advantage of the scenic Alki boardwalk, popular restaurants, cozy coffee shops, and waterfront lifestyle, all while tucked away on a quiet street with plenty of guest parking. A rare opportunity to enjoy the very best of West Seattle living.
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades PK-5 • 1.3 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1926 | - | 0% |
| HOA | $609 | $0 | 0% |
| Days on market | - | - | 0% |
Jun 2, 2026
$535,000
$550,000
-3% Price Drop
Initial Listing
May 27, 2026
$550,000
Initial Listing