$1,500,000
Est. $7,751/mo2540 39th Avenue E #5, Seattle, WA 98112
• Listed 2026-04-21•22 days on market
Talk to a local RexMont expert
Avg response under 5 mins
Ready-to-build opportunity with City of Seattle permit for a 6,200+ SF custom home. Set on a rare and level 20,699 SF lot in Madison Estates, an exclusive, gated Lake Washington luxury community in the heart of Madison Park. This property offers a truly special setting. The site is beautifully positioned beside an architect-designed pond and surrounded by mature old-growth trees, creating a serene and distinctive landscape. Enjoy private community access to a boat dock and waterfront features. Permitted plans for a stunning Northwest Contemporary residence are included, or bring your own vision (in compliance with the HOA). Ideally located only blocks from the vibrant Madison Park Village, with its popular shops, restaurants, parks, and schools. Seller financing available.
Listed by Kathryn Holly Hinds • Realogics Sotheby's Int'l Rlty
Listing updated: August 18, 2026 at 11:31am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2510960
Open houses
No upcoming open houses scheduled for this property.
2540 39th Avenue E #5, Seattle, WA 98112
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.
Neighborhood mobility
Seattle School District
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.
$10,652 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Seattle 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 17 days.
$2,075,000 Sold
2 months ago
4 bd•2.5 ba•~2,940 sq ft•Single Family
1843 41st Avenue E, Seattle, WA 98112
8%
Under list
—
Days on market
0.4 mi
Distance
$3,399,900 Sold
4 months ago
3 bd•2.5 ba•~3,290 sq ft•Single Family
2209 38th Place E, Seattle, WA 98112
3%
Under list
—
Days on market
0.2 mi
Distance
$3,075,000 Sold
4 months ago
5 bd•3.5 ba•~3,220 sq ft•Single Family
2315 38th Avenue E, Seattle, WA 98112
7%
Over list
—
Days on market
0.2 mi
Distance
$1,525,000 Sold
4 months ago
4 bd•2.5 ba•~3,500 sq ft•Single Family
2463 26th Avenue E, Seattle, WA 98112
2%
Under list
—
Days on market
0.8 mi
Distance
$3,295,000 Sold
5 months ago
4 bd•3 ba•~4,000 sq ft•Single Family
1615 39th Avenue E, Seattle, WA 98112
4%
Under list
—
Days on market
0.5 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 August 18, 2026 at 11:31am (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.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
RexMont Value Snapshot
Pull the latest nearby sold homes matched on size, age, and location.
More homes in this area that match your range.
$999,999
3130 Portage Bay Place E #c, Seattle, WA 98102
Mary Burns · Real Broker LLC
$2,198,000
2309 N Northlake Way #13, Seattle, WA 98107
Scott D. Shutes · Windermere RE Greenwood
$995,000
1300 University Street #11a, Seattle, WA 98101
Kyle Rose · Windermere RE Greenwood
$1,520,000
2538 Dexter Ave N Avenue N, Seattle, WA 98109
Helena Chen · eXp Realty
$1,465,000
900 Lenora Street #1203, Seattle, WA 98121
Phil Greely · The Agency Seattle
$1,104,000
819 Virginia Street #3303, Seattle, WA 98101
Molly Sims · Real Broker LLC
