$6,500,000
Est. $33,142/mo15700 Ne Bel-red Road, Bellevue, WA 98008
• Listed 2026-04-21•New today
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15700 Bel-Red Road offers a rare chance to acquire a strategically located development site in Bellevue’s rapidly transforming Bel-Red Corridor—literally steps from Microsoft’s Overlake Campus. Approximately 24,477 square foot Flat Lot, recently upzoned to NMU (Neighborhood Mixed-Use), the property now supports mid-rise, mixed-use development up to 110 feet height limit, positioning it perfectly for a high-density multifamily project backed by exceptional demographics, robust job growth, and immediate access to major transit investments including the Overlake Light Rail Station. Existing improvements include a 6,291 SF medical/dental office building, providing an opportunity for an owner-user or interim income generation prior to redevelopment. Potential to build approximately 130 units (Buyer to Verify). First time on the market in over 30 Years.
Listed by Chad Michael Martini • Westlake Associates, Inc.
Listing updated: July 28, 2026 at 01:10pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2511306
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15700 Ne Bel-red Road, Bellevue, WA 98008
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Bellevue 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 2% below list price.
Time on market: The average home goes pending in around 5 days.
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Days on market
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Distance
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Days on market
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Distance
$1,400,000 Sold
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4 bd•1 ba•~3,254 sq ft•Single Family
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Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
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