8418 Island Drive S, Seattle, WA 98118, Seattle, 98118 - 3 bed, 3 bath
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8418 Island Drive S
Seattle, WA 98118
ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
3Baths
2,763Sq Ft
13,974Lot Size
Property Price
LIST PRICE$2,199,000
EST. MARKET VALUE
$2,295,231
4% BelowMARKET VALUE
SUMMARY
This Stunning Waterfront Sanctuary is a Strong Value Opportunity, listed at $2,199,000—positioned well below the $2,295,231 Fair Market Value by 4%. This valuation gap offers $96,231 in Instant Equity. Featuring an Excellent Condition Rating, the home boasts panoramic Lake Washington views, a private dock, and Italian marble finishes. While local school ratings vary, the property’s premier Pritchard Island location and architectural design offer unmatched lifestyle appeal. This is an ideal acquisition for Luxury Homeowners or Waterfront Enthusiasts seeking a move-in ready retreat.
Estimated Market Value
$2,295,231+$96,231 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 |
|---|---|---|---|---|---|---|
★ 8418 Island Drive S Subject 3 bd · 3 ba · 2,763 sqft · $831 | $2,199,000* List Price | 3 | 3 | 2,763 | $831 | - |
A 8696 Island Drive S Active 4 bd · 3 ba · 3,220 sqft · $869 · 0.3 mi | $2,798,000 List Price | 4 | 3 | 3,220 | $869 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1989, the property has undergone significant updates including a newer roof and high-efficiency furnace. The kitchen and bathrooms feature contemporary renovations (estimated 5-15 years old) with high-end materials like Italian marble, stainless steel appliances, and stone countertops, making it well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Premier Waterfront Amenities
The property offers exceptional Lake Washington access with 53 feet of private waterfront, a dedicated dock, a covered hydraulic boat lift, and grandfathered offshore mooring pilings.
- Architectural Design and Views
The contemporary retreat features floor-to-ceiling windows, vaulted ceilings, and sophisticated finishes like Italian marble, all designed to maximize panoramic views of Mt. Rainier and the lake.
CONSRISKS & DEFICIENCIES
- Local School Ratings
The property is served by schools with lower academic ratings, such as Rainier Beach High School and Emerson Elementary, which may impact its appeal to families prioritizing public education.
- Market Momentum
Despite a recent price reduction, the property has remained on the market for 56 days, suggesting a potential disconnect between the contemporary styling and current buyer demand at this price point.
About 8418 Island Drive S
NEW PRICE ALERT! Experience the best of Lake Washington waterfront living in this stunning contemporary retreat, where breathtaking panoramic views of Lake Washington & Mt Rainier create an extraordinary everyday backdrop. Privately tucked away within the coveted enclave of Pritchard Island, known for its quiet streets, strong sense of community & secluded feel while remaining conveniently close to city amenities. The long driveway provides ample parking & privacy. With 53 feet of private waterfront, dedicated dock, covered hydraulic boat lift & grandfathered offshore mooring pilings, this property offers unmatched access to life on the water. Enjoy boating to waterfront restaurants, sunset cruises, paddle boarding, jet skiing & endless lakefront adventures. Designed to maximize natural light & showcase the spectacular views, the home features floor-to-ceiling windows, dramatic angled glass, gracefully curved walls, & soaring vaulted ceilings. Sophisticated finishes elevate the interior, including Italian marble, custom metalwork, & chef-inspired kitchen that seamlessly blends style and functionality. Thoughtful updates include newer roof, high-efficiency furnace & gas fireplace. Outdoor living is equally impressive - an expansive Trex deck & beautifully designed lower-level hardscaping create exceptional spaces for entertaining, relaxing & enjoying the peaceful waterfront setting. This is a rare opportunity to own a premier waterfront home on Pritchard Island. DONT MISS IT!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 13,974 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Seattle Unified Schools
Dunlap Elementary School
Grades PK-5 • 0.7 mi
5/10
Emerson Elementary School
Grades PK-5 • 0.9 mi
2/10
Wing Luke Elementary School
Grades K-5 • 1.1 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,763 | 1,801.924 |
| Lot Size | 13,974 | 4,494.536 |
| Price | $2.20M | $974.4K |
| Price per sq ft | $796 | $569 |
| Built year | 1989 | 1948 |
| HOA | $0 | $78 |
| Days on market | 80 | 35 |
Pricing History
Listed for Sale
Sep 30, 2026
$2,199,000
$2,275,000
-3% Price Drop
Initial Listing
Price Change
Aug 5, 2026
$2,275,000
Initial Listing