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3015 Alki Avenue SW, Seattle, WA, 98116

12beds
8baths
7,239sqft
$4,500,000
$622price/sqft
$26,825/moest. monthly cost
$1,073,000/yrincome needed

About This Home

The Dolphin is an iconic 8-unit waterfront apartment building prominently situated along the shores of Alki Beach. Meticulously maintained and extensively upgraded, this rare investment opportunity features approximately 65 feet of bulkheaded Puget Sound frontage with sweeping water and Olympic Mountain views. Significant improvements include a complete exterior refit with brick & stucco finishes, marine-grade stainless steel components, fiberglass decks, & an 80-mil PVC roof membrane. Ownership includes primary & secondary tidelands together with boat buoy rights—an increasingly rare waterfront amenity. Distinguished by its signature landscaping & landmark presence along the Alki shoreline, The Dolphin offers a unique combination of quality, location, & long-term investment potential. Conveniently located near Alki Point Lighthouse, waterfront recreation, dining, & neighborhood amenities. A rare opportunity to acquire a legacy-quality waterfront asset in one of Seattle's most sought-after coastal locations. First time on the Market in 30 years!

Getting Around

65
WalkingSomewhat Walkable
35
TransitSome Transit
83
BikeVery Bikeable

Schools

8/10
Alki Elementary SchoolGrades PK-50.4 mi
9/10
Madison Middle SchoolGrades 6-81.3 mi
7/10
West Seattle High SchoolGrades 9-121.5 mi

Construction

Condition

  • Property condition: Very Good
  • Year built: 1958

Materials

  • Foundation: Poured Concrete
  • Roof: Flat
  • Construction materials: Brick,Stucco

Notable Dates

  • Major remodel year: 1997

Type & Style

  • Home type: MultiFamily
  • Architectural style: 5-9 Units
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 12
  • Bathrooms: 8

Features

  • Window features: Thermal Windows
  • Flooring: Ceramic Tile,Laminate,Carpet

Heating & Cooling

  • Heating features: Baseboard,See Remarks,Electric,See Remarks
  • Cooling features: None

Interior Area

  • Total structure area: 7,239
  • Total interior livable area: 7,239 sqft

Property

Details

  • Parcel number: 0148000814
  • Special condition: Standard

Features

  • Has view: Yes
  • View description: Mountain(s),Sound
  • Has water view: Yes
  • Water view: Sound
  • On waterfront: Yes
  • Waterfront features: Bulkhead,No Bank,Sound

Lot

  • Lot size: 0.36 Acres
  • Features: Curbs,Paved,Sidewalk,Cable TV,Deck,Fenced-Partially,Patio

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiModerate

How This Home’s Risks Compare

Coastal Flooding
Earthquake
Heat Wave
Tsunami

FEMA Declared Disasters in King County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $22,754$273,048
Home Insurance *$726$8,712
Property Taxes $2,850$34,200
Electricity $495$5,941
Total$26,825$321,900
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$919,714/yr
40% on housing$804,750/yr
45% on housing$715,333/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$622This listing

vs Other Active Listings

Avg $/sqft

ZIP 98116$452
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98116$570
King County$485

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-17Pending sale$4,500,000
2026-06-23Listed for sale$4,500,000
2021-03-24Listing removed--
2019-07-20Listing removed$2,600
2019-07-14Listed for rent$2,600
2019-04-10Listing removed$2,600
2019-04-04Listed for rent$2,600
2018-10-11Listing removed$2,600
2018-08-15Listed for rent$2,600
2018-06-13Listing removed$2,600
2018-05-02Listed for rent$2,600
2018-03-23Listing removed$2,550
2018-03-16Listed for rent$2,550
2018-02-13Listing removed$2,550
2018-01-12Listed for rent$2,550
2017-11-28Listing removed$2,550
2017-11-25Listed for rent$2,550
2017-07-04Listing removed$1,550
2017-07-03Price change$1,550
2017-06-26Listed for rent$2,550
2017-03-08Listing removed$1,550
2017-02-27Listed for rent$1,550

For Sale by Agent

AgentTracy E. Harris
BrokerageBerkshire Hathaway HS NW

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