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.
Listing Provided Courtesy of Miao Sui, Windermere Real Estate/M2, LLC
General Information
NWM2488937
Single Family Residence
2
DOM
3
0.39 acres
2
1990
1965
King
Residential
Single Family Residence
Listing Provided Courtesy of Miao Sui, Windermere Real Estate/M2, LLC
Krishna Realty data last checked: Mar 14, 2026 05:46 | Listing last modified Mar 13, 2026 20:14,
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Residence Information
1990
1/Gas
3
2
0
2
Composition
16 - 1 Story w/Bsmnt.
1965
Partially Finished
Partially Finished
Poured Concrete
Features and Utilities
Fireplace, Skylight(s)
Wood
Public
Sewer Connected
Financial
7775
Cash, Conventional
03-11-2026
Comparable Information
2
2
Cash, Conventional
$2,800,000
$2,800,000
Mar 13, 2026 20:14
Schools
Map
Listing courtesy of Windermere Real Estate/M2, LLC.
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.
