$1,500,000
Est. $7,561/mo2540 39th Avenue E #5, Seattle, WA 98112
• Listed 2026-04-21•2 days on market
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Based on information submitted to the MLS GRID as of June 16, 2026 at 01:49pm (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.
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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: June 16, 2026 at 01:49pm
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 for about 1% below list price.
Time on market: The average home goes pending in around 5 days.
$1,525,000 Sold
7 weeks ago
4 bd•2.5 ba
2463 26th Avenue E, Seattle, WA 98112
2%
Under list
—
Days on market
0.8 mi
Distance
$3,295,000 Sold
7 weeks ago
4 bd•1.5 ba•~4,000 sq ft•Single Family
1615 39th Avenue E, Seattle, WA 98112
4%
Under list
—
Days on market
0.5 mi
Distance
$3,550,000 Sold
8 weeks ago
4 bd•3.5 ba•~3,839 sq ft•Single Family
1427 Woodrow Place E, Seattle, WA 98112
0%
Under list
—
Days on market
0.7 mi
Distance
$3,500,000 Sold
5 months ago
4 bd•3 ba•~5,180 sq ft•Single Family
1960 Shenandoah Drive E, Seattle, WA 98112
10%
Under list
—
Days on market
0.4 mi
Distance
$2,175,000 Sold
6 months ago
5 bd•1 ba•~3,240 sq ft•Single Family
2400 E Louisa Street, Seattle, WA 98112
4%
Under list
—
Days on market
0.9 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 Jun 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.
