Active · Residential

3562 120th Avenue SE, Bellevue, WA 98006

Bellevue, WA 98006

$2,800,000

3 bedrooms · 2 bathrooms · 1,120 sq ft

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Listing provided by Windermere Real Estate/M2, LLC · MLS #2488937 · Active

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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.

Property details

Property type: Single Family Residence
Year built: 1965
Lot size: 17,092 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $7,775 (2025)
Parking spaces: 1
School district: Bellevue

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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