
Seattle, WA 98118
This Turnkey Waterfront Condo is a Strong Value Opportunity, listed at $550,000—positioned above the $488,769 Fair Market Value. While priced above the current estimate, the property features a Mint Condition Rating following a professional, high-end renovation. Residents enjoy a panoramic Lake Washington view, a full-length covered deck, and premium amenities like a heated pool and kayak storage. Despite the higher HOA fees, the building’s recent refurbishments ensure long-term stability. This is an ideal lifestyle acquisition for professional commuters or downsizing owner-occupants seeking a move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9500 Rainier Avenue S 508 Subject 1 bd · 1 ba · 905 sqft · $540 | $550,000* List Price | 1 | 1 | 905 | $540 | - |
A 9321 Marcus Avenue S Sold 2 bd · 2 ba · 1,013 sqft · $474 · 0.7 mi | $480,000 | 2 | 2 | 1,013 | $474 | 0.7 mi |
B 4506 S Kenyon St Sold 2 bd · 2 ba · 1,088 sqft · $478 · 1.0 mi | $520,000 | 2 | 2 | 1,088 | $478 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1967, the unit has been fully and professionally renovated with high-end finishes, including custom cabinetry, Bosch appliances, and seamless LVP flooring. The interior is in mint condition with recent building-wide refurbishments and no deferred maintenance.
This unit offers mesmerizing Lake Washington and mountain views through new floor-to-ceiling windows, complemented by a full-length covered deck that maximizes outdoor living space.
The property features a professional, permitted remodel with premium finishes, including custom cabinetry, solid wood doors, seamless LVP flooring, and high-end lighting systems.
Spinnaker Bay provides excellent peace of mind with completed major refurbishments, no looming special assessments, gated security, and lifestyle perks like a heated pool and kayak storage.
The association fee of $965 per month is significantly high for a one-bedroom unit, which may impact buyer affordability and overall carrying costs.
The assigned elementary and high schools currently hold low performance ratings, which could be a deterrent for families or impact future resale value.
This fantastic Lake Washington waterfront condo home is fully renovated with custom cabinetry & flawless, high-end finishes. New floor to ceiling windows open to covered deck along the full length of the home, offering abundant outdoor living space & truly mesmerizing views. The Spinnaker Bay building has completed major refurbishment projects, and no special assessments are looming. Gated entry, assigned parking & storage, level entry, modern elevators, Amazon locker for easy living. Enjoy a heated summer pool, bike & kayak storage & clubhouse. Walk to light rail, restaurants, grocery, library & shopping. Picturesque Spinnaker Bay Moorage offers slips for boating enthusiasts. The location offers easy access to I-5, I-405, Boeing Renton, Duwamish corridor, Sea-Tac Airport, DT Seattle and the light rail station. So many options for parks & trails for you to enjoy. This home was professionally and carefully remodeled, permitted and HOA sanctioned. You're going to love the solid wood doors, high end track slider closet doors, special attention to lighting, seamless LVP throughout, tile finishes, barely used appliances, the soft and light filtering floor to ceiling horizontal blinds and storage systems that help keep the space clutter free. Check out the virtual tour links in the listing for video and slide show.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades PK-8 • 0.5 mi
Grades 6-8 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 905 | 1,048.033 |
| Lot Size | - | 1,930.425 |
| Price | $550.0K | $548.3K |
| Price per sq ft | $608 | $551 |
| Built year | 1967 | 1997 |
| HOA | $965 | $317 |
| Days on market | 36 | 63 |
Sep 18, 2026
$550,000
Initial Listing