Property Details
15700 NE Bel-Red Road
Bellevue, WA 98008
$7,500,000
Active
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About This Home
15700 Bel-Red Road offers a rare chance to acquire a strategically located development site in Bellevue’s rapidly transforming Bel-Red Corridor—literally steps from Microsoft’s Overlake Campus. Approximately 24,477 square foot Flat Lot, recently upzoned to NMU (Neighborhood Mixed-Use), the property now supports mid-rise, mixed-use development up to 110 feet height limit, positioning it perfectly for a high-density multifamily project backed by exceptional demographics, robust job growth, and immediate access to major transit investments including the Overlake Light Rail Station. Existing improvements include a 6,291 SF medical/dental office building, providing an opportunity for an owner-user or interim income generation prior to redevelopment. Potential to build approximately 130 units (Buyer to Verify). First time on the market in over 30 Years.
Property Details
Property Information
Property Type
Land
Subtype
Land
Status
Active
County
King
Neighborhood
Overlake
Listed
Apr 21, 2026
Parcel Number
0673100089
Tax & HOA
Annual Property Tax
$17,520 (2026)
Est. Monthly Tax
$1,460/mo
Interior Features
Bathrooms
0.0
Exterior & Lot
Lot Size
0.56 sqft
Sewer
Available
Water Source
Available, In Street, On Property
Utilities
Electricity Connected, Natural Gas Available
Lot Features
Curbs, Paved, Sidewalk
Community & Access
Directions
On WA-520 E toward Redmond, take the 148th Ave NE S exit. At traffic circle, take 2nd exit. Right on 152nd Ave NE. Left on NE Turing St. Right on 156th Ave NE. Left on NE Bel Red Rd. Site on left.
Location
City
Bellevue
County
King
Coordinates
47.63380, -122.13115
Schools
School District
Bellevue
Additional Information
Tax Year
2026
Annual Taxes
$17,520
Possession
Array
Mortgage Calculator
Estimated Monthly Payment
$0
Down Payment
$0
Loan Amount
$0
Provided by Beyond Real Estate, LLC
Based on information submitted to the MLS GRID as of June 12, 2026 5:00 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
