18654 NE 55th Street, Redmond, WA 98052
- $1,500,000
- 5
- BD
- 3
- BA
- 3,520
- SqFt
Listing courtesy of COMPASS. Selling Office: Kelly Right RE of Seattle LLC.
- Sold Price
- $1,500,000
- List Price
- $1,695,000
- Status
- SOLD
- MLS#
- 2488754
- Closing Date
- May 29, 2026
- Days on Market
- 27
- Bedrooms
- 5
- Finished SqFt
- 3,520
- Area Total SqFt
- 3520
- Annual Tax Ammount
- 11129
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 19,350
- Fireplace
- Yes
- Sewer
- Sewer Connected
Property Description
This is a rare “live well + build wealth” opportunity on a 19,350 SF lot with Redmond NMF zoning—offering flexibility as a comfortable home today and serious upside over time. So many options. The existing residence is 3,520 SF and lives beautifully, featuring three bedrooms upstairs, vaulted ceilings, and an open great-room floor plan that feels bright, airy, and connected. Downstairs, the lower level has its own separate entrance, making it a natural setup for a rentable unit, guest quarters, or multi-generational living with privacy. What truly sets this property apart is the Redmond NMF (Neighborhood Multifamily) zoning, which supports a wide range of redevelopment paths. With Washington’s evolving housing laws—including HB-1337, which expands the ability to add up to two detached DADUs on many lots without subdivision (subject to local standards, setbacks, utilities, and permitting)—this property can be approached with a strategic “income + appreciation” mindset. Multiple smart options exist: KEEP & OPTIMIZE: Update this structurally solid home, create/upgrade the lower-level rental, and add up to two detached DADUs. REDEVELOP: Start fresh and build townhomes / multifamily consistent with NMF zoning (subject to approvals and feasibility). Alternative concept: Explore a larger building footprint and specialized housing concepts; per city code, an apartment building or even an assisted living facility may be an option (buyer to verify).
/u.realgeeks.media/360degreesrealestate/header.png)
Additional Information
- Community
- Redmond
- Style
- 12 - 2 Story
- Basement
- Daylight
- Year Built
- 1980
- Total Covered Parking
- 1
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, RV Parking
- Tax Year
- 2025
- School District
- Lake Washington
- Elementary School
- Blackwell Elem
- Middle School
- Inglewood Middle
- High School
- Eastlake High
- Potential Terms
- Cash, Conventional, FHA
- Interior Features
- Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Loft, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
- Driving Directions
- Use GPS - Park in the driveway.
- Appliance
- Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
- Appliances Included
- Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Water Heater Location
- Lower Level
- Water Heater Type
- Gas
- Energy Source
- Natural Gas
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.