For Sale26d on market
3562 120th Avenue SE
Bellevue, WA, 98006 • Newport Shores • King County
$2,800,000
$1407/sqft
Down payment assistance available
3Beds
2Baths
1,990Sqft
0.39 acLot
1965Built
Property DNA
Waterfront Property
Direct water access
Scenic Views
Lake · Partial · Territorial
1 Story w/Bsmnt. Style
Built 1965 · 61 years of history
Newport Shores
Newport Shores
Outdoor Living
Fireplace · Skylight(s)
1 Fireplace
Wood Burning · Main Level: 1 · Fireplace
Garage
Attached Garage
Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 26 days ago · 685 views · 14 saves
Market activity
Demand and pricing signals for this listing
685 views
People checking out this listing
14 saves
Buyers have saved this home
26 days on market
Recently listed
$1,407/sqft
Price per square foot
About this home
Single Family · Built 1965
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.
Estimated monthly payment
Based on current rates
$17,435/month
Principal & Interest$13,702
Property Tax$2,800
Insurance$933
Down payment20% ($560,000)
3%50%
Est. 6.19% rate · 30yr fixed · $2,240,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1965
HeatingFireplace, Forced Air, Heat Pump, Electric
CoolingNone
Parking1 Attached Garage space
Lot0.39 Acres
Days on Zillow26 Days
Price/sqft$1,407
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Style1 Story w/Bsmnt.
Year built1965
Stories1
Systems
HeatingFireplace, Forced Air, Heat Pump, Electric
CoolingNone
RoofComposition
ConstructionWood Siding
Water / SewerPublic / Sewer Connected
Parking & Outdoor
ParkingAttached Garage
BasementPartially Finished
Fireplaces1
Lot0.39 Acres
Location & Tax
NeighborhoodNewport Shores
Annual tax$7,775
Parcel5448300281
Bathrooms & Fees
Full baths2
Features & details
10 categories of property features
Interior Features
Flooring
Hardwood
Vinyl
Carpet
Heating
Fireplace
Forced Air
Heat Pump
Electric
Cooling
None
Fireplace
Wood Burning
Main Level: 1
Fireplace
Windows
Skylight(s)
Exterior Features
Parking
Attached Garage
Construction
Wood Siding
Patio & Porch
Fireplace
Skylight(s)
Lot Features
Paved
Value In Land
Cable TV
Deck
Fenced-Partially
High Speed Internet
Views
Lake
Partial
Territorial
Room details
10 rooms detailed
Master Bedroom
MainBedroom
LowerBedroom
MainBathroom Full
MainBathroom Full
LowerDining Room
MainListing insights
Market data and value estimates
StatusFor Sale
Days on market26
Est. value$2,716,900
Est. rent$3,811/mo
Tax rate0.82%
Price/sqft$1407
On marketMar 10, 2026
PostedMar 11, 2026
Last sold$333,600
MLS statusActive
MLS updatedMar 13, 2026
Tour days9
Views685
Favorites14
How are the schools in Bellevue?
3 schools rated nearby
Location
Bellevue, WA, 98006
Price history
2 events
DateEventPrice$/sqftSource
Mar 11, 2026Listed For Sale$2,800,000$1,407NWMLS as distributed by MLS GRID
May 5, 2003Sold$333,600$168NWMLS as distributed by MLS GRID
Listed For Sale$2,800,000
Mar 11, 2026•$1,407/sqft•NWMLS as distributed by MLS GRID
Sold$333,600
May 5, 2003•$168/sqft•NWMLS as distributed by MLS GRID
Tax history
21 years of records
YearTax paidAssessed value
Apr 7, 2024$6,978$950,000
Apr 7, 2023$6,383$815,000
Apr 7, 2022$6,982$985,000
Apr 7, 2021$5,667$689,000
Apr 7, 2020$4,166$469,000
Apr 7, 2019$3,987$456,000
Apr 7, 2018$3,955$480,000
Apr 7, 2017$3,644$395,000
Apr 7, 2016$2,701$353,000
Apr 7, 2015$2,701$323,000
Apr 7, 2014$2,701$303,000
Apr 7, 2013$2,701$269,000
Apr 7, 2012—$235,000
Apr 7, 2011—$220,000
Apr 7, 2010—$231,000
Apr 7, 2009—$231,000
Apr 7, 2007—$214,200
Apr 7, 2006—$248,000
Apr 7, 2005—$229,000
Apr 7, 2001$1,704$178,000
Apr 7, 2000$1,839$174,000
Nearby homes
Neighborhood details
Local context around this listing
Bellevue, WA • King County
Nearby neighborhoods
Bridle TrailsCougar MountainCrossroadsDowntownEastgateInterlakeLake HillsNewport HillsNorthwest BellevueSomerset
Nearby cities
AuburnBellevueBothellFederal WayKentKirklandRedmondRenton
Nearby zip codes
98004980059800698007980089800998015
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Based on information submitted to the MLS GRID as of 2026-04-07 02:59:28 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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