8716 Sand Point Way NE # 1-14 Seattle, WA $ 5,700,000
8716 Sand Point Way NE # 1-14
$ 5,700,000
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8716 Sand Point Way NE # 1-14

Seattle, WA, 98115
$ 5,700,000
Baths0.0 Sq 11,105

Monthly Estimate*

$ 35,096

Listed by Windermere Real Estate Co.
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Studio

Multi-Family Home for sale in Seattle, WA

for $5,700,000. This 11,105 square foot home was built in 1920 on a lot size of 1.0849.

Turnkey Property on Lake Washington. Positioned on Lake Washington’s western shore in the sought-after Matthews Beach neighborhood, Beach Club Cottages is a 14-unit multifamily community comprised of six buildings on two adjacent parcels. Includes a two-story single family home, two single-family cottages, & three apartment buildings, each with three or four units. All the units have been updated with new kitchens & bathrooms. Finishes vary, with many featuring newer luxury vinyl tile flooring & appliances. Most of the units offer scenic lake views, & nine homes boast in-unit laundry with a common laundry room providing laundry service to the remaining units. Two of the units are on the water & offer private yards. Located steps from the Burke-Gilman Trail and a short walk to Matthews Beach, the property offers direct lake frontage, private beach access, boat slips, and a mix of garage and off-street parking. This high quality, turnkey property, with its desirable waterfront location, offers an investor the opportunity to own an income producing property with upside in one of Seattle’s coveted neighborhoods.

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Multi-Family Active

Price

$ 5,700,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 62,193

Style

10+ Units

Lot Size

1.0849

Year Built

1920

Town/City

Seattle

County/Region

King

MLS | Web ID

2510479

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Forced Air
Cooling None
Possession Closing Subject To Tenant Rights
Roof Composition Torch Down
HOA Fee 0
Garage Spaces 3
Security Features Partially Fenced
Year Built 1920
View Lake Mountains
Unit Number 1-14
Property Subtype Multi Family
Tax Year 2025
Waterfront Features Low Bank Lake
County King
Net Operating Income 244409
Insurance Expense 11258
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Matthews Beach
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Property is on Sand Point Way just south of the intersection with Inverness Dr NE.
High School Nathan Hale High
City Seattle
Senior Community Y/N N
High School District Seattle
Zoning Description Multi-Family
Number Of Units Total 14
MLS Area 710 - North Seattle
Lot Size Units Square Feet
Lot Size Square Feet 47260
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Elementary School View Ridge
Tax Annual Amount 62193
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Eckstein Mid
Property Condition Very Good
Public Remarks Turnkey Property on Lake Washington. Positioned on Lake Washingtons western shore in the sought-after Matthews Beach neighborhood Beach Club Cottages is a 14-unit multifamily community comprised of s
Leasable Area 9827
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Basement Coin Op Laundry
Water Company City of Seattle
Units Below Grade false
Units In Building Total 14
Water Sewer Garbage 11021
Property Style 56 - 10+ Units
Cap Rate 4.3
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Exterior
Exterior Amenities Wood
Lot Features Paved Sidewalk
Water Source Public
Total Parking 15
Foundation Details Poured Concrete
Building Area Total 11105
Lot Size Acres 1.0849
Waterfront Y/N Y
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Deck Dock Electric Car Charging Fenced-Partially
Parking Uncovered Total 15
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Interior
Flooring Ceramic Tile Concrete Hardwood Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2510479
Street Number 1 8716
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* Excluded Features
List By
Pamela A. Jensen

Listing Agent

Windermere Real Estate Co.

Broker

Affordability Calculator

$40,279
Per Month
87%
13%
0%
Monthly Principal & Interest
$35,096
Monthly Property Taxes
$5,183
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258023 Elementary School
257167 Middle School
Nathan Hale High High School
Pricing History
DatePricePrice ChangeDescription
4/20/2026$5,700,000 Listed Price

Map


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8716 Sand Point Way NE # 1-14, Seattle, WA, 98115 is a Multi-Family Home for sale at $5,700,000 with 11,105 sqft and a lot size of 1.0849. 8716 Sand Point Way NE # 1-14 is a studio with 0.0 baths and was built in 1920. The property's zip code is 98115 which is in Seattle, WA