
Seattle, WA 98118
This Waterfront Condominium is a Strong Value Opportunity, listed at $389,000—positioned well below the $355,319 Fair Market Value by 9%. Featuring a Good Condition Rating, the unit offers a turnkey lifestyle with a 2024 kitchen renovation, floor-to-ceiling windows, and a private boat slip. While the association fee is notable, the sweeping Lake Washington views and modern interior updates provide significant lifestyle appeal. This property is an ideal acquisition for Owner-Occupants seeking waterfront living or first-time buyers prioritizing modern amenities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9520 Rainier Avenue S #204 Subject 1 bd · 1 ba · 708 sqft · $502 | $389,000* List Price | 1 | 1 | 708 | $502 | - |
A 9030 Seward Park Avenue S #311 Active 1 bd · 1 ba · 722 sqft · $388 · 0.2 mi | $279,999 List Price | 1 | 1 | 722 | $388 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1964, the unit is well-maintained and move-in ready with significant recent updates. The kitchen was refreshed in 2024 with new stainless steel appliances, sink, and faucet. The interior features updated flooring throughout, new laundry systems, and modern closet organizers, placing it firmly in the 'Good' category despite the age of the structure.
The property offers a premium lifestyle with sweeping views of Lake Washington and the rare inclusion of an assigned boat slip within a waterfront community.
The interior features significant 2024 updates, including a refreshed kitchen with new induction appliances, updated flooring, and custom Elfa closet organizers.
Designed for convenience, the unit provides single-level living with elevator access, a private exterior entrance, and floor-to-ceiling windows that maximize natural light.
The monthly association fee of $630 is relatively high for a one-bedroom unit, which may impact the total monthly carrying cost for potential buyers.
The property is zoned for schools with lower performance ratings, including Rainier Beach High School, which may affect long-term appreciation and appeal to certain demographics.
Sweeping views of Lake Washington take center stage in this waterfront condo at Water's Edge. Floor-to-ceiling windows span the living room, while a generous covered terrace offers views of the ever-changing scenery on the lake. The spacious, open layout features updated flooring and a refreshed kitchen with all appliances replaced in 2024, including an induction range, plus a new sink and faucet. Other updates include a stacked washer/dryer and Elfa closet organizers. Enjoy single-level living with elevator access, a private exterior entrance, on-site parking, and additional storage. An assigned boat slip is just another perk of this amazing community. Preferred lender, Jim Murphy, willing to offer 1% up to $3,650 in closing cost credit for buyer. Ask for details!
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades PK-5 • 0.7 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 708 | 1,048.033 |
| Lot Size | - | 1,930.425 |
| Price | $389.0K | $548.3K |
| Price per sq ft | $549 | $551 |
| Built year | 1964 | 1997 |
| HOA | $630 | $317 |
| Days on market | 15 | 63 |
Oct 9, 2026
$389,000
Initial Listing