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JRJeff ReynoldsCompass · Seattle

Listed by Marilyn C. Smith, Windermere Real Estate Co.

5
Bedrooms
1
Bathrooms
1,750
Square feet
$569
Per sq ft
Single Family Residence
Type
1923
Year built
13,500 sq ft
Lot
139
Days on market

About this property

A truly exceptional investment opportunity in one of Matthews Beach most desirable settings. This private, quiet parcel offers a rare combination of prime location, flexible zoning, and remarkable development flexibility — making it one of the most compelling lots currently available. Surrounded by expansive open space with potential for sweeping territorial views, this property is a beautifully rare lot that feels both serene and connected. It’s the perfect canvas to design and build a signature residence or capitalize on its versatile zoning potential. Enjoy an unmatched lifestyle just moments from the scenic Burke-Gilman Trail, Matthews Beach Park, Lake Washington, and Magnuson Park. Stroll to beloved neighborhood destinations including Magnuson Cafe & Brewery, Grand Central Bakery, Wedgwood Broiler, and Fiddler's Inn. Everyday essentials are equally convenient with nearby Metropolitan Market and PCC Community Markets. With easy access to public transportation and major freeways, this location offers seamless connectivity while maintaining a peaceful residential atmosphere. The property is sold as-is. The existing structure has already been prepared for removal, allowing you to move directly into the next phase of development. Opportunities like this — combining privacy, location, zoning flexibility, and lifestyle appeal — are exceptionally rare.

Location & commute

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Directions

Property details

Listing details

Listing number
#2483339
Listed
February 24, 2026
Days on market
139
Price per sq ft
$569
Original list price
$1,100,000

Unit & building

Building
Matthews Sand Point Garden Tracts
Unit levels
One and One Half

Parking

Parking
None

Views

View
LakeTerritorial

Construction

Year built
1923
Style
11 - 1 1/2 Story
Structure
House
Roof
Composition

Heating & cooling

Heating
Forced Air
Cooling
None
Energy source
Electric

Lot

Lot features
Value In Land
Lot size
13,500 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Seattle Public Utility
Sewer
Seattle Public Utility
Power
Seattle Public Utility

Schools

District
Seattle
Elementary
View Ridge
Middle
Eckstein Mid
High
Nathan Hale High

What stands out to you?

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

  • One and One Half
  • None
  • Lake
  • Territorial
  • House
  • Composition
  • Forced Air
  • Electric
  • Value In Land
  • Cash
  • Conventional

Listing history

  1. Listed

    $1,100,000

    February 24, 2026

  2. Current price

    $995,000

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

$5,794

Principal & interest
$5,031
Property tax (est.)
$763

Assumes $199,000 down (20%), a $796,000 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 14, 2026 at 12:15 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.