This paper investigated the seismic vulnerability and performance-based assessment of offshore monopile wind turbine (OWT) considering turbine blades. A three-dimensional finite-element model of NREL 5-MW OWT was established with detailed consideration of the nonlinear-behavior of turbine, monopile, blades, pile-soil interactions and pile-water interaction etc. Subsequently, incremental dynamic analysis and fragility evaluation were conducted via a great number of nonlinear time history analysis involving far-field and near-fault records with and without pulse characteristics. It is found that the ignorance of turbine blades in conventional lumped mass (LM) model would significantly underestimate the vulnerability of OWT's acceleration responses, and more importantly, underestimates the stress level at turbine top, misleading the failure pattern of OWT which may be probably damaged at both top and middle part of OWT rather than solely the middle part as estimated by the LM model ignoring the effect of turbine blades. Finally, it can be concluded that the modeling of turbine blades should be consider in the numerical studies.