$2,800,000
Est. $14,948/mo3 bd•2 ba•1,120 sq ft
3562 120th Avenue Se, Bellevue, WA 98006
• Listed Mar 11, 2026•198 days active · 198 cumulative
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Listing Broker: Windermere Real Estate/M2, LLC; Miao Sui; 206-495-1102; miao@windermere.com
About this home
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: September 17, 2026 at 11:33am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2488937
Around this home
How much should you offer?
3562 120th Avenue Se, Bellevue, WA 98006
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Interior features
- Fireplace
- Skylight(s)
- Fireplace (wood burning)
- Partially Finished basement
Bedrooms
- 3 bedrooms total
Bathrooms
- 2 full bathrooms
Flooring
- Hardwood
- Vinyl
- Carpet
Heating & cooling
- Forced Air heating
- Heat Pump heating
- None cooling
Neighborhood mobility
Walk, bike & transit scores
Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.
Schools
Ratings via SchoolDiggerSchool information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
Mortgage payment forecast
$16,296 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Market pulse
Bellevue is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells for about 1% below list price.
Time on market: The average home goes pending in around 55 days.
Recent sales nearby
Within 1 mile · last 6 months$5,250,000 Sold
5 months ago
5 bd•5 ba•~5,759 sq ft•Single Family
27 Tulalip Key, Bellevue, WA 98006
5%
Under list
337
Days on market
0.5 mi
Distance
$1,300,000 Sold
5 months ago
3 bd•2.5 ba•~2,500 sq ft•Single Family
4020 Lake Washington Boulevard Se, Bellevue, WA 98006
7%
Under list
53
Days on market
0.3 mi
Distance
$165,000 Sold
6 months ago
•Single Family
81 Skagit Key #d-29, Bellevue, WA 98006
6%
Under list
426
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 from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 17, 2026 at 11:33am (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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