Skip to content
JRJeff ReynoldsCompass · Seattle

Listed by Miao Sui, Windermere Real Estate/M2, LLC

3
Bedrooms
2
Bathrooms
1,990
Square feet
$1,407
Per sq ft
Single Family Residence
Type
1965
Year built
17,092 sq ft
Lot
124
Days on market

About this property

Rare development opportunity in Bellevue offering two parcels with a combined 17,000+ sq. ft. in the highly sought-after Newport Shores. This exceptional site presents partial water-view potential and strong upside for higher-density redevelopment, making it an attractive option for builders and developers seeking maximum land value. The existing residence is fully rentable, providing immediate income while pursuing design, permitting, and redevelopment plans. The seller has invested over $100,000 over the years for subdivision. Utilities are largely in place, with water, sewer, and electricity already on site; gas is available at the street, simplifying future development planning. Top-rated Bellevue School District. Prime location just minutes from I-405 and I-90, as well as nearby amenities including Factoria Mall, T&T Supermarket, the T-Mobile Corporate Office, numerous parks, and Downtown Bellevue. An outstanding opportunity to secure land in one of Bellevue’s most desirable neighborhoods with strong development potential.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2488937
Listed
March 11, 2026
Days on market
124
Price per sq ft
$1,407

Unit & building

Unit levels
One

Parking

Parking
Attached Garage
Covered spaces
1
Total spaces
1

Views

View
LakePartialTerritorial

Construction

Year built
1965
Style
16 - 1 Story w/Bsmnt.
Structure
House
Roof
Composition

Heating & cooling

Heating
Forced AirHeat Pump
Cooling
None
Energy source
Electric

Interior features

Features
FireplaceSkylight(s)
Fireplaces
1
Fireplace type
Wood Burning

Flooring

Flooring
HardwoodVinylCarpet

Lot

Lot features
PavedValue In Land
Lot size
17,092 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Public
Sewer
Sewer Connected

Schools

District
Bellevue

What stands out to you?

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

  • One
  • Attached Garage
  • Lake
  • Partial
  • Territorial
  • House
  • Composition
  • Forced Air
  • Heat Pump
  • None
  • Electric
  • Fireplace

Listing history

  1. Listed

    $2,800,000

    March 11, 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

$16,305

Principal & interest
$14,158
Property tax (est.)
$2,147

Assumes $560,000 down (20%), a $2,240,000 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.