About 3562 120th Avenue Se
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.
Features of 3562 120th Avenue Se
| MLS® # | 2488937 |
|---|---|
| Price | $2,800,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,120 |
| Acres | 0.39 |
| Year Built | 1965 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 3562 120th Avenue Se |
|---|---|
| Area | 500 - East Side/South of I-90 |
| Subdivision | Newport Shores |
| City | Bellevue |
| County | King |
| State | WA |
| Zip Code | 98006 |
Amenities
| Parking Spaces | 1 |
|---|---|
| Parking | Attached Garage |
| View | Lake, Partial, Territorial |
| Is Waterfront | No |
Interior
| Interior Features | Fireplace, Skylight(s) |
|---|---|
| Heating | Forced Air, Heat Pump |
| Cooling | None |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Wood Burning |
Exterior
| Exterior Features | Wood |
|---|---|
| Lot Description | Paved, Value In Land |
| Foundation | Poured Concrete |
School Information
| District | Bellevue |
|---|
Additional Information
| Date Listed | March 11th, 2026 |
|---|---|
| Days on Market | 169 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Windermere Real Estate/M2, LLC |
|---|