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JRJeff ReynoldsCompass · Seattle
This home is no longer on the market (sold). The details below are kept for reference. See homes currently for sale in Redmond.
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Sold

Listed by Mitzi Felts, John L. Scott Snohomish · Buyer brokerage: WeLakeside

Land
Type
12,450 sq ft
Lot
22
Days on market

About this property

This property offers a prime investment opportunity with exceptional development potential, featuring preliminary short plat approval for 2 buildable lots. The existing tenant-occupied home provides immediate rental income while you move forward with the project. The short plat is approved for one 6,412 sq ft lot & one 6,058 sq ft lot, with zoning that allows homes up to 4,500 sq ft and up to 3 stories each. Architect drawings and preliminary designs have already been completed, plans have not been submitted yet, giving flexibility to revise or create your own vision. With rental income in place and significant groundwork already done, this property is ideal! Buyers/agents to do their due diligence. Lots are next to other luxury new homes.

Location & commute

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Directions

Property details

Listing details

Listing number
#2460130
Listed
December 9, 2025
Days on market
22
Sold price
$1,800,000
Sold
May 13, 2026

Unit & building

Building
Osborne Subdivision

Parking

Parking
Garage

Construction

Style
40 - Res-Less thn 1 Ac
Structure
None

Lot

Lot features
CurbsPaved
Lot size
12,450 sq ft

Terms

Terms offered
CashConventional

Utilities

Utilities
Electricity ConnectedNatural Gas Available
Water
On Property
Sewer
On Property

Schools

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

What stands out to you?

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  • Garage
  • None
  • Curbs
  • Paved
  • Cash
  • Conventional
  • Electricity Connected
  • Natural Gas Available
  • On Property

Listing history

  1. Listed

    $1,800,000

    December 9, 2025

  2. Sold

    $1,800,000

    May 13, 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

$10,482

Principal & interest
$9,102
Property tax (est.)
$1,380

Assumes $360,000 down (20%), a $1,440,000 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 July 15, 2026 at 9:15 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.