Property Details
3562 120th Avenue SE
Bellevue, WA 98006
$2,800,000
Active
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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.
Property Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Active
County
King
Neighborhood
Newport Shores
Listed
Mar 11, 2026
Interior Features
Bedrooms
3
Bathrooms
2.0
Living Area
1,120 sq ft
Basement
Partially Finished
Entry Level
Main
Interior Features
Fireplace, Skylight(s)
Exterior & Lot
Lot Size
0.39 sqft
Year Built
1965
Exterior Materials
Wood
Parking
Attached Garage
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Value In Land
Exterior Features
Wood
Location
City
Bellevue
County
King
Coordinates
47.57754, -122.17792
Schools
School District
Bellevue
Additional Information
Tax Year
2025
Annual Taxes
$7,775
Possession
Array
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Estimated Monthly Payment
$0
Provided by Beyond Real Estate, LLC
Based on information submitted to the MLS GRID as of May 7, 2026 11:30 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.
