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JRJeff ReynoldsCompass · Seattle

Listed by Darcel Fogerty, eXp Realty

3
Bedrooms
1
Bathrooms
1,640
Square feet
$2,622
Per sq ft
Single Family Residence
Type
1972
Year built
59,976 sq ft
Lot
133
Days on market

About this property

Builder Alert! Prime Development Opportunity in Redmond. Two Ready-to-Develop Lots on 148th Ave NE. Presenting an exceptional opportunity for builders and developers in the heart of Redmond! These two spacious lots are ideally situated between 148th - 149th Ave NE, right where NE 76th Street ends. This location is perfect for a new residential project. The lots can accommodate up to 10 SFRs or 16 modern townhomes. Whether you are looking to build comfortable family homes or stylish townhouses, this property provides the flexibility and space needed for a successful development. Currently, there is one existing home built in 1972. Developers may choose to renovate, repurpose, or remove this structure to make way for new construction.

Location & commute

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Directions

Jeff's Neighborhood Guide

Get to know the Bellevue, East of 405 area

Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.

Property details

Listing details

Listing number
#2447834
Listed
October 23, 2025
Days on market
133
Price per sq ft
$2,622
Original list price
$8,000,000

Unit & building

Unit levels
One

Parking

Parking
Detached Carport
Covered spaces
2

Construction

Year built
1972
Style
10 - 1 Story
Structure
House
Roof
Composition

Heating & cooling

Heating
Baseboard
Cooling
None
Energy source
Electric

Appliances

Appliances
DishwasherDisposalDryerRefrigeratorStove(s)/Range(s)Washer

Lot

Lot size
59,976 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Public
Sewer
Sewer Connected

Schools

District
Lake Washington
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

What stands out to you?

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

  • One
  • Detached Carport
  • House
  • Composition
  • Baseboard
  • None
  • Electric
  • Dishwasher
  • Disposal
  • Dryer
  • Refrigerator
  • Stove(s)/Range(s)

Listing history

  1. Listed

    $8,000,000

    October 23, 2025

  2. Current price

    $4,300,000

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

$25,040

Principal & interest
$21,743
Property tax (est.)
$3,297

Assumes $860,000 down (20%), a $3,440,000 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 October 12, 2026 at 8:00 AM 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.