James & Angie Smith

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Listing provided courtesy of Realogics Sotheby's Int'l RltyNWMLSas Distributed by MLSGrid- MLS# NWM2510960MLS Provider

2540 39th Avenue E #5Seattle, WA 98112

Vacant Land · 0.48 Acres
$1,500,000 Active

2540 39th Avenue E #5 Overview

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Ready-to-build opportunity with City of Seattle permit for a 6,200+ SF custom home. Set on a rare and level 20,699 SF lot in Madison Estates, an exclusive, gated Lake Washington luxury community in the heart of Madison Park. This property offers a truly special setting. The site is beautifully positioned beside an architect-designed pond and surrounded by mature old-growth trees, creating a serene and distinctive landscape. Enjoy private community access to a boat dock and waterfront features. Permitted plans for a stunning Northwest Contemporary residence are included, or bring your own vision (in compliance with the HOA). Ideally located only blocks from the vibrant Madison Park Village, with its popular shops, restaurants, parks, and schools. Seller financing available.

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2540 39th Avenue E #5 Facts & Features

  • Type Vacant Land
  • Lot 0.48 Acres

Details

General

Association/HOA

  • Association Fee: $1,188.12
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Common Area Maintenance, Road Maintenance, See Remarks

School Information

  • School District: Seattle
  • Elementary School: Seattle Public Sch
  • Middle Or Junior School: Seattle Public Sch
  • High School: Seattle Public Sch

Building Information

  • Building Name: Madison Estates

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 390 - Central Seattle
  • Subdivision Name: Madison Park

Community/Development

  • Community Features: Boat Launch, CCRs, Gated

Tax Information

  • Tax Annual Amount: $16,050.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 4114600339
  • Possible Use: Residential
  • Property Sub Type: Land
  • Property Type: Land
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: No
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Security Features: Security Gate

Unit Information

  • Unit Number: 5

Exterior

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • Lot Size Acres: 0.4752
  • Lot Size Dimensions: 20,699
  • Lot Size Square Feet: 20699
  • Lot Size Units: Square Feet
  • Road Responsibility: Private Maintained Road,Road Maintenance Agreement
  • Road Surface Type: Paved
  • Topography: Level
  • Elevation Units: Feet
  • Water Source: Available, In Street

Waterfront/View

  • Waterfront Features: Lake, No Bank
  • Waterfront: Yes

Building Exterior/Construction

  • Structure Type: None

General Information

  • Carport: No
  • Electric On Property: No
  • Sewer: In Street
  • Utilities: Electricity Available, Natural Gas Available, See Remarks

2540 39th Avenue E #5 Neighborhood

Community

98112 (Seattle) Demographics

39
Median Age
5,539
Population Density (per sq. mile)
86%
College Educated
$122,388
Estimated Median Income
6,843
Estimated Total Home Owners
5,003
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2540 39th Avenue E #5 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2540 39th Avenue E #5 Market Data

Based on the last 30 days in this zip code

$2,453,027
Average List Price
$900
Average Price per Square Foot
25
Properties Sold
56
Average Days on Market
114
Properties for Sale
Calculations provided by Reliance Network

2540 39th Avenue E #5 History

Date Event Value Agent
4/21/2026Source: NWMLS Added to Database
April 21, 2026