
Seattle, WA 98118
This Luxury Lakeside Sanctuary is a Strong Value Opportunity, listed at $2,798,000—positioned well below the $2,984,805 Fair Market Value by 6%. This valuation gap offers $186,805 in Instant Equity. Featuring a Mint Condition Rating, the home includes a Gourmet Kitchen, Refinished Cherry Hardwoods, and Private Waterfront Docks. With its versatile studio and expansive lot, this property offers a rare lifestyle for Luxury Homebuyers or Waterfront Enthusiasts seeking a move-in ready, high-end Pacific Northwest retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8696 Island Drive S Subject | $2,798,000* List Price | 4 | 3 | 3,220 | $918 | - |
A 8418 Island Drive S Active | $2,595,000 List Price | 3 | 3 | 2,763 | $939 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 2000, the home has undergone extensive recent updates (<5 years) including a new roof, fresh interior paint, new carpeting, and refinished cherry hardwoods. The primary bathroom has been 'renewed' to a spa-inspired standard, and the kitchen features high-end stainless appliances. With a new roof and A/C, the property is in mint, move-in ready condition requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13652, living area = 3220.
The property features exceptional Lake Washington access with two expansive docks, a boat lift, jet ski lift, and 50-amp shore power, offering a complete lifestyle package for boating enthusiasts.
Extensively refreshed with a new roof, fresh interior paint, new carpeting, and refinished cherry hardwoods, this custom-built home is in move-in-ready condition.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13652, other record lot size in square feet = 20312. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3220, other record living area = 2920.
The property is served by schools with lower performance ratings, such as Rainier Beach High School and Emerson Elementary, which may be a consideration for families.
While the garage accommodates four vehicles, the tandem layout can be less convenient for daily vehicle rotation compared to a standard side-by-side configuration.
Experience the best of Lake Washington living this summer! This move-in ready waterfront home offers effortless lake access with two docks, complete with a boat lift & jet ski lift for endless days on the water. Plus outdoor shower & wiring for a hot tub. Entertain guests with BBQ's at waters edge while enjoying the privacy of your own waterfront. A rare opportunity to enjoy boating, relaxing & waterfront living at its finest! A thoughtfully designed floor plan includes a home office & living room, which currently serves as a game room featuring a pool table. Gourmet kitchen showcases solid wood cabinets, granite counters & high-end stainless appliances; a chef’s dream space. Kitchen opens to formal dining, family room & flows to the outside covered deck, lush landscaping & amazing waterfront. Spacious primary suite features a fireplace, private deck & renewed spa-inspired bathroom. Three additional bedrooms & full bathroom. Like new construction! Recent updates include: new roof, new interior paint & carpet & newly refinished cherry hardwood floors. A/C & four-car tandem garage. Above the garage is a versatile studio, perfect as a music or media room, gym & more. Located on a quiet dead-end street with minimal traffic. Offering privacy & tranquility while remaining close to the heart of Seattle. Don’t miss the extraordinary opportunity to own a premier piece of Lk Washington waterfront this summer! All the amenities you want for the ultimate Pacific NW Lifestyle. A must see!
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades PK-5 • 0.6 mi
Grades K-5 • 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 | 2000 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 5, 2026
$2,798,000
Initial Listing