8418 Island Drive S, Seattle, WA 98118, Seattle, 98118 - 3 bed, 3 bath
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Seattle, WA 98118
This Contemporary Waterfront Retreat is a Prime Investment Opportunity, listed at $2,795,000—positioned well below the $2,911,605 Fair Market Value by 4%. This valuation gap offers $116,605 in Instant Equity. Boasting a Move-in Ready Condition Rating, the home features 53 feet of private Lake Washington shoreline, a dedicated dock, and panoramic Mount Rainier views. With Italian marble finishes and a new high-efficiency furnace, this sanctuary offers immediate luxury. It is the premier choice for boating enthusiasts or luxury owner-occupants seeking a private lakeside lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8418 Island Drive S Subject | $2,595,000* List Price | 3 | 3 | 2,763 | $942 | - |
A 8696 Island Drive S Active | $2,798,000 List Price | 4 | 3 | 3,220 | $869 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with high-end contemporary finishes. Although built in 1989, it has undergone significant updates including a newer roof, a new high-efficiency furnace, and modernized bathrooms featuring vessel sinks, wall-mounted faucets, and granite countertops. The interior showcases well-maintained hardwood flooring and premium materials like Italian marble, placing it well above the 'fair' category despite its age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13974, living area = 2763.
The property boasts 53 feet of private Lake Washington shoreline, complete with a dedicated dock, covered hydraulic boat lift, and rare grandfathered offshore mooring pilings, offering a premier experience for boating enthusiasts.
The home features dramatic floor-to-ceiling windows, angled glass, and soaring vaulted ceilings that maximize natural light and perfectly frame panoramic views of the lake and Mount Rainier.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2763, other record living area = 2350.
The property is served by schools with lower academic ratings, specifically Rainier Beach High School and Emerson Elementary, which both hold a 2/10 rating, potentially impacting appeal for families.
At a $2.795M valuation, the three-bedroom configuration may be perceived as restrictive for larger families or buyers seeking multiple guest suites and dedicated office spaces.
LIMITED TIME OFFER-Earn a $30,000 seller credit with full price offer & Mutual by June 22nd. Experience lakeside living at its best in this stunning contemporary waterfront home, where panoramic views of Lake Washington & Mount Rainier meet exceptional design & effortless recreation. With 53 feet of private waterfront, dedicated dock, covered hydraulic boat lift, & grandfathered offshore mooring pilings, this property offers unparalleled access to the lake, perfect for boating to waterfront restaurants, sunset cruises, paddle boarding & jet skiing. Architectural details shine throughout: floor to ceiling windows, angled glass, elegantly curved walls, soaring vaulted ceilings create dramatic, light filled spaces that frame the ever-changing vistas. Luxurious finishes, including Italian marble, custom metalwork, & chef’s kitchen enhance the home’s modern sophistication. A long driveway provides ample parking while adding to the property’s privacy. The expansive Trex deck and lower-level hardscaping extend the living experience outdoors, ideal for relaxing, entertaining, & taking in the tranquil surroundings. A serene water feature along the side of the home adds a calming ambiance to the outdoors. Tucked within the intimate, quiet enclave of Pritchard Island, a rare oasis on Lake Washington, this home blends privacy, convenience, and true lakeside living. New high efficiency Furnace, gas fire, newer roof & many thoughtful updates complete this EXCEPTIONAL waterfront retreat.
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades PK-5 • 0.9 mi
Grades K-5 • 1.1 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 | 1989 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 30, 2026
$2,595,000
$2,695,000
-4% Price Drop
Initial Listing
May 9, 2026
$2,695,000
$2,745,000
-2% Price Drop
Initial Listing
Apr 25, 2026
$2,745,000
$2,795,000
-2% Price Drop
Initial Listing
Apr 2, 2026
$2,795,000
Initial Listing