15700 NE Bel Red Rd

Bellevue, WA 98008

$7,500,000
Price
24,477 / 0.56
Lot Size / Acres
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Listing provided courtesy of Westlake Associates, Inc.
Source: Northwest MLS

Description

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...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.
  1. Listed by Chad Michael Martini • Westlake Associates, Inc.
    P: (206)-505-9400 chad@westlakeassociates.com
  2. Listed by David W Petersen • Westlake Associates, Inc.
    P: (206)-505-9400 david@westlakeassociates.com

Property Details for 15700 Northeast Bel Red Road

Community Name
Overlake
School District
Bellevue
Entry Date
04-21-2026
Sewer
Available
LISTING UPDATED: 04/22/2026 08:26 AM

Property Details for 15700 Northeast Bel Red Road

StatusActive
MLS #2511306
Days on Market10
Cumulative Days on Market10
Taxes$17,520 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand
Year Built-
Lot Size0.56 AC
CountyKing County
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Location

Listing Courtesy of Westlake Associates, Inc.
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Building Information for 15700 Northeast Bel Red Road

Lot Size0.56 AC

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$39,226 per month

30 year fixed, 6.46% Interest

Principal and Interest

$37,766

Property Taxes

$1,460

HOA Dues

$0

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Property Information for 15700 Northeast Bel Red Road

Summary
Location and General Information
  • Style: 43 - Comm/Industrial
  • Area: 530 - Bellevue/East of 405
  • Directions: On WA-520 E toward Redmond, take the 148th Ave NE S exit. At traffic circle, take 2nd exit. Right on 152nd Ave NE. Left on NE Turing St. Right on 156th Ave NE. Left on NE Bel Red Rd. Site on left.
  • Property Sub Type: VACL
  • Road Information: County Maintained,Paved
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
Parking
  • Carport: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Cooling: No
  • Fireplace: No
  • Heating: No
Exterior Features
  • Property Features: Evergreens
  • Road Surface Type: Paved
Property
Utilities
  • Electricity: On Property
  • Electric On Property: Yes
  • Gas Available: In Street
  • Septic Design Installed: false
  • Water Source: Available, In Street, On Property
  • Utilities: Electricity Connected, Natural Gas Available
Property and Assessments
  • Senior Exemption: No
  • Zoning Jurisdiction: City
  • Zoning Remarks: Commercial,Multi-Family,See Remarks
  • Lot Topography: Level
  • First Right Of Refusal: false
  • Possible Use: Commercial, Multi-Family, See Remarks
  • Preliminary Title Ordered: No
  • Road Responsibility: County
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 11
Lot Information
  • Lot Details: Curbs, Paved, Sidewalk
  • Lot Size Source: KCA
  • Parcel Number Free Text: 0673100089
  • Calculated Square Footage: 0
  • Structure Type: Industrial
  • Road On Which Side: South
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Land
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Property History for 15700 Northeast Bel Red Road

DateEvent & SourcePriceAppreciation
Apr 21, 2026

Listed (Active)

NWMLS #2511306

$7,500,000—
DateEvent & SourcePrice
04/21/2026

Listed (Active)

NWMLS #2511306

$7,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 15700 Northeast Bel Red Road

This home is within Bellevue School District.
Rating
School
Type
Grades
Distance
Ardmore Elementary School
Public - PK to 5
Highland Middle School
Public - 6 to 8
Interlake Senior High School
Public - 9 to 12
Central Educational Services
Public - PK to 12
Rating
School
Distance
Ardmore Elementary School
PublicPK to 5

Highland Middle School
Public6 to 8

Interlake Senior High School
Public9 to 12

Central Educational Services
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 15700 Northeast Bel Red Road, Bellevue, WA 98008

15700 Northeast Bel Red Road is a 0.56 ac of land for sale in Bellevue, WA 98008. This property was listed for sale on April 21, 2026 by Westlake Associates, Inc., it's currently listed at $7,500,000. This listing's school district is Bellevue School District. Nearby schools include Ardmore Elementary School, Highland Middle School and Interlake Senior High School. 15700 Northeast Bel Red Road is a 0-bed, 0-bath, 0.56 ac of land on a 24,477 sq. ft. / 0.56 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Westlake Associates, Inc.

Based on information submitted to the MLS GRID as of 04/22/2026 08:26 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.