$2,800,000
Est. $14,203/mo3 bd•1,120 sq ft
3562 120th Avenue Se, Bellevue, WA 98006
• Listed 2026-03-11•21 days on market
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Based on information submitted to the MLS GRID as of May 29, 2026 at 1:01 PM PDT (date and time MLS GRID Data was obtained). 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.
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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.
Listed by Miao Sui • Windermere Real Estate/M2, LLC
Listing updated: May 7, 2026 at 04:15pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2488937
5 recent nearby sales, priced between $695K and $1.9M.
$860,000Last sold price
12721 Se 41st Place #211, Bellevue, WA 98006
$695,000Last sold price
3030 128th Avenue Se #6, Bellevue, WA 98005
$1,127,000Last sold price
2424 138th Avenue Se, Bellevue, WA 98005
$17,003 per month
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Bellevue is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 22 days.
$5,250,000 Sold
4 weeks ago
5 bd•3.5 ba•~5,759 sq ft•Single Family
27 Tulalip Key, Bellevue, WA 98006
5%
Under list
—
Days on market
0.5 mi
Distance
$165,000 Sold
8 weeks ago
•Single Family
81 Skagit Key #d-29, Bellevue, WA 98006
6%
Under list
—
Days on market
0.6 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data via RentCast · Updated May 2026
0.7/10
Car required
Almost all errands need a car
5.8/10
Bikeable
Some bike infrastructure
3.8/10
Some Transit
A few nearby transit options
Provided by Walk Score
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.