$3,400,000
Est. $18,833/mo5305 15th Avenue NW, Seattle, WA 98107
• Listed Oct 1, 2026•20 days active · 20 cumulative
Listing Broker: Paragon Real Estate Advisors; Ben Douglas; 206-658-7247; ben@paragonrea.com
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Listing Broker: Paragon Real Estate Advisors; Ben Douglas; 206-658-7247; ben@paragonrea.com
About this home
The Ballard Development Site, a 12,810 square foot corner parcel at 5305 15th Ave NW in Seattle’s Ballard neighborhood. The site sits at the northwest corner of 15th Ave NW and NW 53rd St, one block south of NW Market St, with approximately 100 feet of frontage on 15th Ave NW and 128 feet on NW 53rd St. It is improved with a vacant 2,567 square foot restaurant building constructed in 1971. The property is zoned C1-75 (M), which permits apartments, mixed use, retail, office, live and work, and a range of commercial uses up to a 75 foot height limit. At a 5.5 FAR, the zoning supports approximately 70,455 square feet of floor area. The site is located within the Ballard Regional Center and the Medium MHA fee area. The lot is operated by Diamond Parking under a month to month revenue sharing agreement that generates monthly income to ownership. The parking income offsets a portion of the carry while a buyer completes design and permitting, and the month to month term allows the site to be cleared for construction with no lease to buy out. No design, permitting, or pre submittal work has been started. The seller has not researched the zoning or completed any feasibility work, and a buyer is to confirm floor area, unit count, MHA obligations, and all development assumptions with the Seattle Department of Construction and Inspections.
Listed by Ben Douglas • Paragon Real Estate Advisors
Listing updated: October 1, 2026 at 01:54pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2589501
Around this home
How much should you offer?
5305 15th Avenue NW, Seattle, WA 98107
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
- Comm/Industrial
Schools
Ratings via SchoolDigger- Salmon Bay K-8 SchoolPublic · Grades K-8 · 0.7 mi · State rank 54 of 1,13810/10
- Hamilton International Middle SchoolPublic · Grades 6-8 · 1.9 mi · State rank 12 of 51410/10
- Ballard High SchoolPublic · Grades 9-12 · 0.7 mi · State rank 43 of 3968/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 0.29 acres
- Lot square feet
- 12,810 sq ft
Zoning & use
- Zoning description
- See Remarks
- Zoning jurisdiction
- City
- Possible use
- See Remarks
Utilities
- Utilities
- Electricity Available, Natural Gas Available
- Electricity
- Available
- Gas
- Available
- Water
- Available
- Sewer
- Available
Road & access
- Road surface
- See Remarks
- Road responsibility
- See Remarks
- Road information
- See Remarks
Surveys & reports
- Sketch submitted
- No
Water & irrigation
- Waterfront
- No
- Irrigation water rights
- No
Taxes & assessment
- Tax year
- 2026
- Financing
- Cash, Conventional
- Seller disclosure
- Not 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.
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Sales & Tax Records for 5305 15th Avenue NW
NWMLS via MLS Grid · King County AssessorEvery 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.
- Oct 1, 2026ListedNWMLS via MLS Grid · #2589501$3,400,000
Mortgage payment forecast
$22,233 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: Paragon Real Estate Advisors; Ben Douglas; 206-658-7247; ben@paragonrea.com
Market pulse
Seattle is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 62 days.
Recent sales nearby
Within 1 mile · last 6 months$945,000 Sold
0 days ago
3 bd•2.25 ba•~1,570 sq ft•Single Family
314 NW 54th Street, Seattle, WA 98107
0%
Over list
25
Days on market
0.7 mi
Distance
$780,000 Sold
0 days ago
3 bd•2.25 ba•~1,370 sq ft•Single Family
2651 NW 57th Street #B, Seattle, WA 98107
4%
Over list
30
Days on market
0.8 mi
Distance
$800,000 Sold
1 day ago
4 bd•2 ba•~1,930 sq ft•Single Family
6412 17th Avenue NW, Seattle, WA 98107
0%
Over list
88
Days on market
0.6 mi
Distance
$837,500 Sold
4 days ago
3 bd•2.25 ba•~1,740 sq ft•Single Family
2429 NW 64th Street #A, Seattle, WA 98107
0%
Over list
33
Days on market
0.8 mi
Distance
$818,000 Sold
4 days ago
2 bd•1 ba•~1,010 sq ft•Single Family
5053 Baker Avenue NW, Seattle, WA 98107
2%
Over list
24
Days on market
0.8 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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