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
54
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
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated at .

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks