Listing provided courtesy of Westlake Associates, Inc.NWMLSas Distributed by MLSGrid- MLS# NWM2511306
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Request Info15700 NE Bel-Red RoadBellevue, WA 98008
Vacant Land · 0.56 Acres$7,500,000
Active
15700 NE Bel-Red Road Overview
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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.
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15700 NE Bel-Red Road Facts & Features
- Type Vacant Land
- Lot 0.56 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Bellevue
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 530 - Bellevue/East of 405
- Subdivision Name: Overlake
Tax Information
- Tax Annual Amount: $17,520.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 0673100089
- Possible Use: Commercial,Multi-Family,See Remarks
- 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
Exterior
Lot Information
- Irrigation Water Rights: No
- Lot Features: Curbs, Paved, Sidewalk
- Lot Size Acres: 0.5619
- Lot Size Square Feet: 24477
- Lot Size Units: Square Feet
- Property Features: Evergreens
- Road Responsibility: County
- Road Surface Type: Paved
- Topography: Level
- Elevation Units: Feet
- Water Source: Available, In Street, On Property
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Structure Type: None
General Information
- Carport: No
- Electric On Property: Yes
- Sewer: Available
- Utilities: Electricity Connected, Natural Gas Available
15700 NE Bel-Red Road Neighborhood
Community
98008 (Bellevue) Demographics
43
Median Age
3,061
Population Density (per sq. mile)
71%
College Educated
$131,952
Estimated Median Income
6,756
Estimated Total Home Owners
2,369
Estimated Total Renters
74% / 26%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
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.15700 NE Bel-Red Road Monthly Cost
15700 NE Bel-Red Road Market Data
Based on the last 30 days in this zip code
$2,077,825
Average List Price
$718
Average Price per Square Foot
35
Properties Sold
43
Average Days on Market
117
Properties for Sale
15700 NE Bel-Red Road History
| Date | Value | Agent |
|---|---|---|
| 4/21/2026Source: NWMLS | April 21, 2026 |