3562 120th Avenue SE Bellevue WA 98006
$ 2,800,000
  3   |    2   |    1120 Sq Feet
Listed By: Windermere Real Estate/M2, LLC

Listing ID

#2488937

Property Type

Single Family Residence

County

King

Neighborhood

Newport Shores

Year Built

1965

Days on website

23

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.
Location
Financial Information
List Price:  $ 2800000
Taxes:  $ 7775
Property Features
Basement:  Partially Finished
Exterior Features:  Wood
Fireplace Features:  Wood Burning
Flooring:  Carpet, Hardwood, Vinyl
Foundation Details:  Poured Concrete
Interior Or Room Features:  Fireplace, Skylight(s)
Levels:  One
Lot Features:  Paved, Value In Land
Parking Features:  Attached Garage
Roof:  Composition
Security Features:  Partially Fenced
Sewer:  Sewer Connected
Structure Type:  House
View:  Lake, Partial, Territorial
Water Source:  Public
MLSAreaMajor:  500 - East Side/South of I-90
City:  Bellevue
Subdivision Name:  Newport Shores
Listed By:     Windermere Real Estate/M2, LLC  425-338-0600