3562 120th Avenue SE, Bellevue, WA 98006

$2,800,000
3
BD
2
BA
1,120
SqFt

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Listing courtesy of Windermere Real Estate/M2, LLC.

List Price
$2,800,000
Status
ACTIVE
MLS#
2488937
Days on Market
137
Bedrooms
3
Finished SqFt
1,120
Area Total SqFt
1990
Annual Tax Ammount
7775
Lot Size (sq ft)
17,092
Fireplace
Yes
Sewer
Sewer Connected

Property Description

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.

Additional Information

Community
Newport Shores
Style
16 - 1 Story w/Bsmnt.
Basement
Partially Finished
Year Built
1965
Total Covered Parking
1
View
Lake, Partial, Territorial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, High Speed Internet
Tax Year
2025
School District
Bellevue
Potential Terms
Cash, Conventional
Interior Features
Fireplace, Skylight(s)
Flooring
Hardwood, Vinyl, Carpet
Driving Directions
GPS works! Okay to park on long driveway.
Energy Source
Electric
Based on information submitted to the MLS GRID as of . 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.
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