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.
Cable TV Deck Fenced-Partially High Speed Internet
Appliances
Terms
3rd Party Approval Required)
No
Bank Owned (REO)
No
Complex FHA Availability
Unspecified
Potential Terms
Cash Conventional
Utilities
Energy
Electric
Sewer
Sewer Connected
Water Source
Public
Additional Info
Waterfront
No
Air Conditioning (A/C)
No
Buyer Broker's Compensation
2.5%
MLS Area #
Area 500
Number of Photos
13
Last Modification Time
Thursday, May 7, 2026 4:15 PM
System Listing ID
5527579
Update Info
First For Sale
2026-03-11 07:41:35
Listing details based on information submitted to the MLS GRID as of Thursday, May 7, 2026 4:15 PM.
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.
Listing information is provided by the listing agent except as follows: BuilderB indicates
that our system has grouped this listing under a home builder name that doesn't match
the name provided
by the listing broker. DevelopmentD indicates
that our system has grouped this listing under a development name that doesn't match the name provided
by the listing broker.