$7,500,000
Est. $38,003/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.
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15700 Ne Bel-red Road, Bellevue, WA 98008
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of June 12, 2026 at 09:58am (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.
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Listed by Chad Michael Martini • Westlake Associates, Inc.
Listing updated: June 12, 2026 at 09:58am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2511306
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Open Sat, Jun 13 +3Bellevue 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 3 days.
$1,265,000 Sold
8 weeks ago
3 bd•1 ba•~1,430 sq ft•Single Family
16237 Ne 30th Street, Bellevue, WA 98008
1%
Over list
—
Days on market
0.4 mi
Distance
$900,000 Sold
2 months ago
2 bd•1.5 ba•~1,550 sq ft•Single Family
15768 Ne 14th Terrace, Bellevue, WA 98008
3%
Under list
—
Days on market
0.8 mi
Distance
$1,550,000 Sold
2 months ago
5 bd•2 ba•~3,060 sq ft•Single Family
16828 Ne 18th Street, Bellevue, WA 98008
3%
Under list
—
Days on market
0.9 mi
Distance
$1,900 Sold
2 months ago
2 bd•1 ba•Single Family
15721 Ne 18th Street #d1, Bellevue, WA 98008
0%
Over list
—
Days on market
0.6 mi
Distance
$3,495 Sold
5 months ago
3 bd•1.5 ba•Single Family
1380 165th Avenue Ne, Bellevue, WA 98008
0%
Over 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
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
