About this home

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.

Interior features

Exterior features

Property details

Heating

Forced Air, Heat Pump

Cooling

None

Flooring

Hardwood, Vinyl, Carpet

Parking

Attached Garage

View

Lake, Partial, Territorial

Lot

Paved, Value In Land

Water source

Public

Sewer

Sewer Connected

Levels

One

Fireplaces

1

Costs

Price / sq ft

$2,500

Annual taxes

$7,775 (2025)

Location

Bellevue, WA 98006