$1,299,000
Est. $6,747/mo4 bd•3 ba•3,040 sq ft
7001 242nd Avenue Ne, Redmond, WA 98053
• Listed 2026-09-10•New today
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A rare 4.92-acre property offering close-in acreage in the heart of Union Hill. Tucked away at the back of Swan Lake Estates on a quiet, dead-end road, this privately gated property is largely cleared, sunny, and bordered by a creek for added privacy—all while surrounded by $2Million+ estate homes. The existing home offers more than 3,000 square feet with 4 bedrooms, an office, bonus space, oversized laundry room, and a daylight basement—providing an incredible opportunity to renovate and create something truly special. A detached garage and woodshed add even more flexibility. The bones are here; with some TLC, this property could be phenomenal. Or reimagine the property entirely and create your dream estate, with room for expansive lawns, gardens, a shop, equestrian amenities, or additional outbuildings. With no CCRs, the possibilities are extensive. A unique combination of privacy, usable acreage, versatility, and an estate-worthy setting—all just minutes from downtown Redmond.
Listed by Sam Collins • Windermere Real Estate/East
Listing updated: September 11, 2026 at 05:07am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2580429
7001 242nd Avenue Ne, Redmond, WA 98053
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.
Neighborhood mobility
Lake Washington 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.
$7,178 per month
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Redmond 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 13 days.
$1,853,950 Sold
4 months ago
4 bd•3.5 ba•~4,372 sq ft•Single Family
22910 Ne 76th Street, Redmond, WA 98053
4%
Under list
—
Days on market
0.8 mi
Distance
$935,000 Sold
4 months ago
4 bd•2 ba•~1,360 sq ft•Single Family
23415 Ne 73rd Street, Redmond, WA 98053
0%
Over list
—
Days on market
0.4 mi
Distance
$2,945,000 Sold
5 months ago
5 bd•5 ba•~5,630 sq ft•Single Family
23403 Ne Union Hill Road, Redmond, WA 98053
0%
Over list
—
Days on market
0.5 mi
Distance
$4,800 Sold
5 months ago
5 bd•2.5 ba•Single Family
23418 Ne Union Hill Road #r, Redmond, WA 98053
4%
Under list
—
Days on market
0.5 mi
Distance
$1,575,000 Sold
5 months ago
4 bd•2.5 ba•~2,570 sq ft•Single Family
6211 247th Avenue Ne, Redmond, WA 98053
3%
Under list
—
Days on market
0.6 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 Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 11, 2026 at 05:07am (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.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (8)
See more →
Open Fri, Sep 11 +1
Open Sat, Sep 12
Open Sat, Sep 12$1,629,000
+$330,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $1.27M and $2.1M.
Rental earnings
$4,875/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$1,700,000Last sold price
6510 242nd Avenue Ne, Redmond, WA 98053
$1,299,950Last sold price
23732 Ne 63rd Place S, Redmond, WA 98053
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
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