$1,500,000
Est. $8,309/mo2540 39th Avenue E #5, Seattle, WA 98112
• Listed Apr 21, 2026•404 days active · 404 cumulative
Listing Broker: Realogics Sotheby's Int'l Rlty; Kathryn Holly Hinds; 206-650-6488; kathrynhinds@comcast.net
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Listing Broker: Realogics Sotheby's Int'l Rlty; Kathryn Holly Hinds; 206-650-6488; kathrynhinds@comcast.net
About this home
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: September 21, 2026 at 09:33am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2510960
Around this home
How much should you offer?
2540 39th Avenue E #5, Seattle, WA 98112
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
Layout
- Res-Less thn 1 Ac
Schools
Ratings via SchoolDiggerSeattle School District
- Seattle Public SchPublic · Grades Elementary—
- Seattle Public SchPublic · Grades Middle—
- Seattle Public SchPublic · 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.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 0.48 acres
- Lot square feet
- 20,699 sq ft
- Lot dimensions
- 20,699
- Topography
- Level
- Lot number
- 5
- Lot details
- Cul-De-Sac, Dead End Street, Paved
Zoning & use
- Zoning code
- NR3
- Zoning description
- Residential
- Zoning jurisdiction
- City
- Possible use
- Residential
- Restrictions
- CC&R,NO Manufactured Homes
- Easements
- Road & Utilities
- Improvements
- Dock,Fenced-Fully
Utilities
- Utilities
- Electricity Available, Natural Gas Available, See Remarks
- Electricity
- In Street
- Gas
- In Street
- Water
- Available, In Street
- Water jurisdiction
- City of Seattle
- Sewer
- In Street
Road & access
- Road surface
- Paved
- Road responsibility
- Private Maintained Road, Road Maintenance Agreement
- Road information
- Paved,Privately Maintained,Recorded Maint. Agrm
- Road on which side
- North & West
Surveys & reports
- Survey
- Available
- Public land survey
- 04-25-22-NW
- Soil feasibility test
- Yes
- Sketch submitted
- Yes
- Reports and documents completed
- CCRs,Geotech,See Remarks,Topographical
Water & irrigation
- Waterfront
- Yes
- Irrigation water rights
- No
Taxes & assessment
- Annual taxes
- $16,050
- Tax year
- 2025
- Senior exemption
- No
- Financing
- Cash, Conventional
- Seller disclosure
- Provided
- Preliminary title ordered
- Yes
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 2540 39th Avenue E #5
NWMLS via MLS GridEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Apr 21, 2026ListedNWMLS via MLS Grid · #2510960$1,500,000
- May 24, 2004SoldNWMLS via MLS Grid · #23096268$1,150,000
- May 19, 2004PendingNWMLS via MLS Grid · #23096268$1,295,000
- Jul 13, 2003ListedNWMLS via MLS Grid · #23096268$1,295,000
Mortgage payment forecast
$11,210 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%.
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Listing Broker: Realogics Sotheby's Int'l Rlty; Kathryn Holly Hinds; 206-650-6488; kathrynhinds@comcast.net
Market pulse
Seattle is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
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 47 days.
Recent sales nearby
Within 1 mile · last 6 months$2,235,000 Sold
6 days ago
3 bd•3 ba•~2,220 sq ft•Single Family
1760 26th Avenue E, Seattle, WA 98112
29%
Over list
36
Days on market
0.9 mi
Distance
$2,000,000 Sold
1 week ago
4 bd•3.5 ba•~3,020 sq ft•Single Family
1109 33rd Avenue E, Seattle, WA 98112
9%
Under list
71
Days on market
1.0 mi
Distance
$1,895,000 Sold
1 week ago
3 bd•1.75 ba•~2,240 sq ft•Single Family
1819 39th Avenue E, Seattle, WA 98112
0%
Over list
20
Days on market
0.4 mi
Distance
$2,800,000 Sold
3 weeks ago
4 bd•2.25 ba•~2,830 sq ft•Single Family
2042 42nd Avenue E, Seattle, WA 98112
0%
Over list
44
Days on market
0.3 mi
Distance
$7,100,000 Sold
4 weeks ago
4 bd•4.75 ba•~7,096 sq ft•Single Family
2020 Parkside Drive E, Seattle, WA 98112
8%
Under list
205
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 Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 21, 2026 at 4:54 AM PT (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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© 2026 Northwest Multiple Listing Service. All rights reserved.
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