8716 Sand Point Way NE Unit #1-14, Seattle, WA 98115
- $6,500,000
Listing courtesy of Kidder Mathews.
- List Price
- $6,500,000
- Status
- ACTIVE
- MLS#
- 2242408
- Days on Market
- 23
- Lot Size (sq ft)
- 47,260
Property Description
Positioned on the western shore of Lake Washington in the desirable Matthews Beach neighborhood just steps from the Burke-Gilman trail & short walk from Matthews Beach, Beach Club Cottages is a 14-unit multifamily community comprised of 6 buildings on two adjacent parcels. Boasting lake frontage, direct beach access, boat slips, garage & off-street parking, & fully renovated, luxury units, this property is a high-quality asset that should provide nearly 0% vacancy & will appeal to both apartment & owner-occupant investors. Alternatively, a new owner may opt to purchase the property, hold it for a time to enjoy the cash flow it offers, & then, at some futre date, redevelop the prime, waterfront parcels with a stunning home of their dreams.
Additional Information
- Community
- Matthews Beach
- Style
- 41 - Res-Over 1 Acre
- Zoning Jurisdiction
- City
- Restrictions
- Unknown
- Waterfront
- Yes
- Waterfront Description
- Bank-Low, Lake
- View
- Lake, Mountain(s), Territorial
- Sewer
- On Property
- Tax Year
- 2024
- School District
- Seattle
- Elementary School
- View Ridge
- Middle School
- Eckstein Mid
- High School
- Nathan Hale High
- Potential Terms
- Cash Out, Conventional
- Driving Directions
- Property is on Sand Point Way just south of the intersection with Inverness Dr NE.
- Buyer Agency Compensation
- 1.5
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