4222 Beach Drive SW 202, Seattle, WA 98116, Seattle, 98116 - 2 bed, 2 bath
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Seattle, WA 98116
This property presents a Strong Value Opportunity with a List Price of $450,000—positioned well below the $485,624 Fair Market Value by 7%. This valuation gap offers $35,624 in Instant Equity for buyers. Featuring a Condition Rating of 4, the unit offers significant upside through interior modernization while the seller covers assessments for a full building envelope renovation. With breathtaking Olympic Mountain views and 2 parking spots, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4222 Beach Drive SW 202 Subject | $450,000* List Price | 2 | 2 | 970 | $501 | - |
A 3200 Alki Avenue SW 301 Active | $559,950 List Price | 2 | 2 | 955 | $586 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985 (39 years old), the property is aesthetically dated with original-style oak cabinetry and laminate countertops in the kitchen and bathrooms. While the building is undergoing a major exterior and HVAC overhaul and the unit features newer bamboo flooring, the interior finishes are over 20 years old and require modernization.
Situated on Beach Drive, the property offers immediate access to Alki Beach, Puget Sound sunsets, and Olympic Mountain views, placing it in one of Seattle's most coveted and walkable waterfront neighborhoods.
With the seller paying off special assessments for a full building envelope renovation—including new siding, windows, and HVAC—the buyer inherits a modernized building and significant projected value appreciation.
The inclusion of two dedicated parking spots is an exceptional and highly valuable asset for a two-bedroom condominium in a high-density beach community where parking is typically scarce.
As the building undergoes a full exterior transformation, residents should expect ongoing noise, scaffolding, and temporary restricted access to private balconies during the renovation phase.
The association fee of $845 per month is relatively high for a 970-square-foot unit, which may impact buyer affordability and overall monthly budget considerations.
***SELLER TO PAY ASSESSMENTS AT CLOSING!*** Life at the beach, and a brand new building to go with it. This pristine 2 BR condo on Beach Drive puts you steps from the sand, stunning Puget Sound sunsets, & breathtaking Olympic Mountain views from your private balcony. Just blocks from beach access, the beloved La Rustica, & Alki's best cafés & restaurants. Inside this charming 11-unit boutique building, you'll find an open-concept living space with bamboo floors, an updated 3/4 bath, a convenient breakfast bar, & 2 parking spots. Here's the opportunity: the building is undergoing a full exterior transformation, new siding, windows, balconies & HVAC, and the seller is paying off the special assessments at closing. You move in, the renovation happens, and you watch your equity grow. Don't miss your chance to get onto Beach Drive at this price with a brand new building on the way. Buyer to verify financing with their lender.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
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| Beds | - | - | 0% |
| Baths | - | - | 0% |
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| Lot Size | - | - | 0% |
| Price | - | - | 0% |
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| Built year | 1985 | - | 0% |
| HOA | $845 | $0 | 0% |
| Days on market | - | - | 0% |
May 15, 2026
$450,000
Initial Listing