9500 Rainier Avenue S 311, Seattle, WA 98118, Seattle, 98118 - 2 bed, 2 bath
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Seattle, WA 98118
Following a massive price correction, this Waterfront End-Unit Condominium is listed at $484,950, representing a stable valuation near its $466,849 Fair Market Value. Holding a Condition Rating of 4, the residence features Lake Washington and mountain views, a summer pool, and gated security. While served by Rainier Beach High and Emerson Elementary, the availability of seller financing makes this an accessible entry into Seattle’s waterfront market. This scenic retreat is perfectly suited for lifestyle-oriented buyers or Owner-Occupants seeking a tranquil, secure lakeside environment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9500 Rainier Avenue S 311 Subject | $484,950* List Price | 2 | 2 | 1,096 | $426 | - |
A 9030 Seward Park Avenue S 513 Active | $499,000 List Price | 2 | 2 | 1,288 | $387 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, this property is well-maintained but shows its age through several dated features. While the kitchen has received partial updates including stainless steel appliances and stone countertops, the unit still features popcorn ceilings, baseboard heating, and older-style bathroom fixtures. The flooring has been updated to a modern laminate, but the overall aesthetic and systems reflect a home that has been maintained through occasional updates rather than a full recent renovation.
As a rare end unit on Lake Washington, this property offers exceptional privacy and panoramic views of the water and mountains, providing a vacation-like atmosphere.
The availability of seller financing combined with a significant recent price correction makes this an accessible entry point into Seattle's competitive waterfront market.
The community features gated access, an on-site manager, and a summer pool, supported by recent HOA upgrades that bolster the security and value of the investment.
At $1,452 per month, the association fees are significantly high relative to the listing price, which may impact the overall monthly carrying costs for potential buyers.
The assigned elementary and high schools currently hold low ratings of 2/10, which could limit the property's appeal to families prioritizing public school performance.
Massive price correction! Seller Financing available! Sought-after end unit at Spinnaker Bay, Seattle's most affordable waterfront condominium. Live on Lake Washington with unparalleled views & discover this exclusive End Unit that will captivate your senses & immerse you in natural beauty. Experience the tranquility of vacation living every single day, right at home. This fantastic condo community offers a secure, warm & welcoming atmosphere, perfect for those looking to embrace the ultimate lakeside lifestyle. Recent HOA upgrades to Spinnaker Bay ensure a sound & secure investment. Enjoy dedicated parking, an on-site manager, gated access, & a refreshing summer pool. Embrace the serenity & security of living at Spinnaker Bay, where every day feels like a getaway year round! Also listed for rent MLS # 2447830
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 | Neighborhood Ranking (50 Listings) |
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| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1967 | - | 0% |
| HOA | $1452 | $0 | 0% |
| Days on market | - | - | 0% |
Oct 23, 2025
$484,950
Initial Listing