15700 NE Bel-red Road, Bellevue, WA 98008

Bellevue
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: chad michael martini, david w petersen
Office: westlake associates, inc.
MLS#:2511306
Source:NWMLS
15700 NE Bel-red Road,Bellevue, WA 98008
$6,500,000
  • 0.56 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$6,500,000

About this home

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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Home facts

  • Subdivision & Development:Overlake
  • Listing ID #:2511306
  • Updated:August 07, 2026 at 11:19 AM

Structure and exterior

  • Lot area:0.56 Acres
  • Lot Features:Curbed Lot, Paved, Sidewalk

Utilities

  • Water:Available, In Street, On Property
  • Sewer:Available

Finances and disclosures

  • Price:$6,500,000
  • Tax amount:$17,520 (2026)
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