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JRJeff ReynoldsCompass · Seattle

Listed by Tracy E. Harris, Berkshire Hathaway HS NW

7,239
Square feet
$622
Per sq ft
Multi Family
Type
1958
Year built
15,831 sq ft
Lot
20
Days on market

About this property

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!

Location & commute

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Directions

Property details

Listing details

Listing number
#2536745
Listed
June 23, 2026
Days on market
20
Price per sq ft
$622

Unit & building

Stories in building
2
Units in building
8

Views

View
MountainsSound

Construction

Year built
1958
Style
55 - 5-9 Units
Structure
Multi Family
Roof
Flat

Heating & cooling

Heating
BaseboardSee Remarks
Cooling
None
Energy source
ElectricSee Remarks

Flooring

Flooring
Ceramic TileLaminateCarpet

Lot

Lot features
CurbsPavedSidewalk
Lot size
15,831 sq ft
Waterfront
Yes

Terms

Terms offered
Cash

Utilities

Water
Seattle Public Utilities
Sewer
Seattle Public Utilities
Power
Seattle City Light

Schools

District
Seattle

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Mountains
  • Sound
  • Multi Family
  • Flat
  • Baseboard
  • See Remarks
  • None
  • Electric
  • Ceramic Tile
  • Laminate
  • Carpet
  • Curbs

Listing history

  1. Listed

    $4,500,000

    June 23, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$26,204

Principal & interest
$22,754
Property tax (est.)
$3,450

Assumes $900,000 down (20%), a $3,600,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 11:01 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.