Rare opportunity to bring an exceptional 8-lot subdivision to life in the highly sought-after and rapidly growing Newcastle community. Preliminary plat approval is already in place with reasonable conditions, offering a significant head start for development. Perched on a quiet dead-end street, this remarkable property captures expansive Western territorial views and a serene, private setting. The gently sloping East-to-West topography is ideal for maximizing views while maintaining privacy across all lots. Dual frontage on 117th Ave SE and 118th Ave SE provides valuable flexibility for access, layout, and utilities. Recent nearby construction along 118th has helped extend sewer to the property, with additional connection potential from 117th. Conveniently located just minutes from I-405, with easy access to major employment centers, shopping, dining, parks, and the airport, this is a truly outstanding development opportunity in one of the Eastside’s most desirable locations.

Property type

Single Family

Year built

Not listed

Interior

Not listed

Lot size

1.7 acres

Parking

None

Price / sq ft

Not listed

Property taxes$11,044/yr (est.)

School districtRenton

Listed by Nicole M. Barclay • Windermere Bellevue Commons

Listing updated: September 21, 2026 at 09:25am

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2508807

Open houses

No upcoming open houses scheduled for this property.

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How much should you offer?

8213 118th Avenue Se, Newcastle, WA 98056

Your offerDown payment %

Waive financing Pre-inspection

List price

$4,400,000

Down payment

$880,000

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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.

Property details

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 SchoolDigger

Renton School District

Hazelwood Elementary School
Public · Grades K-5 · State rank 191 of 1,160
8/10
McKnight Middle School
Public · Grades 6-8 · State rank 256 of 514
6/10
Hazen Snr High
Public · Grades High
—

Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.

Mortgage payment forecast

$25,510 per month

Great rate

Principal and interest

Property taxes

HOA dues

Home insurance

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Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhood Compare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

Source: 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%.

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Market pulse

Newcastle is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market

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 48 days.

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Market data from MLS GRID / NWMLS · Updated Sep 2026

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of September 21, 2026 at 09:25am (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.

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