3562 120th Avenue SE, Bellevue, WA 98006

Property 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.

Listing Status:

Active

Data Last Updated:

April 2, 2026 at 9:21PM

Listing Office:

Windermere Real Estate/M2, LLC : 425-338-0600

Listing Agent:

Miao Sui : 425-338-0600

MLS ID:

2492473

Interior

• A/C: None
• Heating: None
• Fireplace: Fireplaces: 0

Exterior

• Improvements: Cable TV AvailableDrivewayGarageRV
• Parking: Garage

Construction

• General: 40 - Res-Less thn 1 Ac

Location

• Road/Access: Paved
• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Bellevue
• County: King

Lot

• Topography: Sloped
• Zoning: 5448300285
• View: LakePartialTerritorialView

Utilities

• Utilities: Electricity ConnectedNatural Gas AvailableElectricity on Property
• Water: AvailableOn Property
• Sewer: AvailableOn Property

Financial

• Source: nwmls