Listing provided courtesy of Windermere Real Estate/M2, LLCNWMLSas Distributed by MLSGrid- MLS# NWM2488937MLS Provider

3562 120th Avenue SEBellevue, WA 98006

Single Family · 3 Beds · 2 Full Baths · 1,990 Sq. ft. | 0.39 Acres
$2,800,000 Active

3562 120th Avenue SE Overview

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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.

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3562 120th Avenue SE Facts & Features

  • Type Single Family
  • Sq. ft. 1,990
  • Price/Sq.ft. $1,407
  • Lot 0.39 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Bellevue

Building Information

  • New Construction: No
  • Year Built: 1965

Location/Region

  • Country: US
  • County Or Parish: King
  • MLS Area Major: 500 - East Side/South of I-90
  • Subdivision Name: Newport Shores

Rent/Lease Information

  • Land Lease: No

Tax Information

  • Tax Annual Amount: $7,775.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 5448300285
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Building Information

  • Building Information: Built On Lot

Parking Information

  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 3
  • Bedrooms Lower: 1
  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 1990
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1990
  • Square Footage Finished: 1120
  • Square Footage Unfinished: 870

General Information

  • Basement: Partially Finished
  • Cooling: No
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Hardwood, Vinyl, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Interior Features: Fireplace, Skylight(s)
  • Levels: One
  • Living Area: 1120
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Power Production Type: Electric
  • Security Features: Partially Fenced

Exterior

Parking Information

  • Open Parking: No
  • Parking Features: Attached Garage
  • Parking Total: 1

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved, Value In Land
  • Lot Size Acres: 0.3924
  • Lot Size Square Feet: 17092
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, Deck, Fenced-Partially, High Speed Internet
  • Topography: Sloped
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: Yes
  • Roof: Composition
  • Structure Type: House

General Information

  • Carport: No
  • Covered Spaces: 1
  • Exterior Features: Wood
  • Sewer: Sewer Connected

Room Information

Room: Bathroom Full

  • Level: Lower

Room: Bedroom

  • Level: Lower

Room: Utility Room

  • Level: Lower

Room: Bathroom Full

  • Level: Main

Room: Bedroom

  • Level: Main

Room: Dining Room

  • Level: Main

Room: Entry Hall

  • Level: Main

Room: Kitchen Without Eating Space

  • Level: Main

Room: Living Room

  • Level: Main

Room: Primary Bedroom

  • Level: Main

3562 120th Avenue SE Neighborhood

Community

98006 (Bellevue) Demographics

43
Median Age
3,276
Population Density (per sq. mile)
76%
College Educated
$156,382
Estimated Median Income
10,311
Estimated Total Home Owners
2,719
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
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.

3562 120th Avenue SE 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.

3562 120th Avenue SE Market Data

Based on the last 30 days in this zip code

$2,022,156
Average List Price
$733
Average Price per Square Foot
40
Properties Sold
51
Average Days on Market
194
Properties for Sale
Calculations provided by Reliance Network

3562 120th Avenue SE History

Date Event Value Agent
3/13/2026Source: NWMLS Added to Database
March 13, 2026
3/11/2026Source: NWMLS Added to Database
March 11, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021