About this property

Rare opportunity to own an expansive 89,365 square foot (2.05-acre) property on sought after Education Hill in Redmond with preliminary plat approval for a 5-lot residential subdivision. Lot sizes range from 6,297 square feet to 8,779 square feet with the zoning permitting up to 4,500 square foot homes (Buyer to verify maximum size SF homes allowed on each lot with City of Redmond). Recent sold comparables in the immediate area between 4,000-4,350 SF have averaged $667 per SF and sold between $2.72M-$2.85M. Featuring an existing 3,100 square foot home with 4 bedrooms and 2.5 bathrooms, this property offers a variety of possibilities for those seeking space, privacy, and excellent future investment/building potential. Built in 1981, the current home is complemented by an expansive & treed lot, 2 detached garages, driveway & RV parking, open & cleared back lawn, and ample garden space. Enjoy the added convenience of a community park and playground directly across the street. Ideally situated just minutes from Totem Lake Village, downtown Kirkland, Bellevue, Redmond, and the Microsoft campus, with prime access to the Eastside's shopping, dining, and amenities. Located within the highly regarded Lake Washington School District, this expansive property presents a unique opportunity for investment in a desirable Eastside location.