$1,500,000
Est. $7,704/mo2540 39th Avenue E #5, Seattle, WA 98112
• Listed 2026-04-21•2 days on market
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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
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2540 39th Avenue E #5, Seattle, WA 98112
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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: Days-on-market data not available for this area.
$2,075,000 Sold
7 weeks 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
3 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
4 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 Aug 2026
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.
