18654 NE 55th St

Redmond, WA 98052

$1,695,000
Price
5
Beds
3,520 Sq. Ft.
$482 / Sq. Ft.
3,520
Sq. Ft.
$482
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Listed By CompassPending
Listed By CompassPending
Listing provided courtesy of Compass
Source: Northwest MLS

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...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).

Listing Agent

  1. Cindy Kelly

    Cindy Kelly

    Listing Agent

    Compass

    P: (425)-260-2017

    CallText

Property Details for 18654 Northeast 55th Street

Community Name
Redmond
School District
Lake Washington
Number of Assigned Spaces
1
Total Covered Parking
1
Entry Date
03-26-2026
Energy Source
Natural Gas
Sewer
Sewer Connected
LISTING UPDATED: 05/11/2026 09:12 AM

Property Details for 18654 Northeast 55th Street

StatusPending
MLS #2488754
Days on Market27
Cumulative Days on Market27
Taxes$11,129 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential
Year Built1980
Lot Size0.44 AC / 19,350 SF
CountyKing County
Buyer's Agent Compensation2.5%
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of COMPASS
Add your commute

Building Information for 18654 Northeast 55th Street

Stories-Year Built1980Building Size-Lot Size0.44 AC / 19,350 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$9,463 per month

30 year fixed, 6.46% Interest

Principal and Interest

$8,535

Property Taxes

$927

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 18654 Northeast 55th Street

Summary
Location and General Information
  • Style: 12 - 2 Story
  • Building Information: Built On Lot
  • Site Features: Cable TV, Deck, Fenced-Partially, Gas Available, RV Parking
  • Area: 550 - Redmond/Carnation
  • Elementary School: Blackwell Elem
  • Middle Or Junior School: Inglewood Middle
  • High School: Eastlake High
  • Effective Year Built Source: Public Records
  • Directions: Use GPS - Park in the driveway.
  • Bus Route Number: 269
  • Property Sub Type: RESI
  • Bus Line Nearby: true
  • View: No
  • Waterfront: No
  • Entry Location: Main
  • Direction Faces: North
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Attached Garage: No
  • Carport: No
  • Garage: Yes
  • Parking Type: Driveway Parking, Garage-Detached, RV Parking
  • Open Parking: No
  • Parking Features: Driveway, Detached Garage, RV Parking
Interior and Exterior Features
Bathroom Information
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Half Bathrooms: 0
  • Full Baths Lower: 0
  • Full Baths Main: 2
  • Full Baths Upper: 0
  • Three Quarter Baths Lower: 1
  • Three Quarter Baths Main: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Lower: 0
  • Half Baths Main: 0
  • Half Baths Upper: 0
  • Full Baths Garage: 0
  • Half Baths Garage: 0
  • Three Quarter Baths Garage: 0
  • Main Level Bathrooms: 2
Bedroom Information
  • Bedrooms Main: 3
  • Bedrooms Upper: 0
  • Bedrooms Lower: 2
  • Master Bedroom Level: Main
Interior Features
  • Fireplaces Total: 2
  • Fireplaces Main: 2
  • Basement: Daylight
  • Features: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Loft, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
  • Water Heater Location: Lower Level
  • Room and Floor: Dining Room-Main, Entry Hall-Main, Family Room-Lower, Kitchen With Eating Space-Main, Living Room-Main, Primary Bedroom-Main, Utility Room-Main, Bathroom Full-Main, Bathroom Three Quarter-Lower, Bedroom-Lower, Bedroom-Main
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
  • Cooling: Yes
  • Cooling: Forced Air
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
  • Water Heater Type: Gas
  • Room List: Dining Room, Entry Hall, Family Room, Kitchen With Eating Space, Living Room, Primary Bedroom, Utility Room, Bathroom Full, Bathroom Three Quarter, Bedroom
  • Number Of Showers: 3
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Appliances That Stay: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • Security Features: Partially Fenced
Property
Utilities
  • Water Source: Public
  • Power Company: PSE
  • Sewer Company: City of Redmond
  • Water Company: City of Redmond
  • Power Production Type: Natural Gas
Property and Assessments
  • New Construction YN: No
  • Senior Exemption: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Level: Two
  • Lot Topography: Level,Sloped
  • First Right Of Refusal: false
  • MLS Square Footage Source: County
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1980
  • Photos Count: 23
Lot Information
  • Lot Details: Corner Lot, Curbs, Secluded, Sidewalk
  • Lot Size Source: County
  • Parcel Number Free Text: 1825069038
  • Building Condition: Good
  • Calculated Square Footage: 3520
  • Structure Type: House
  • Square Footage Finished: 3520
  • Square Footage Unfinished: 0
  • Building Area Total: 3520.0
  • Building Area Units: Square Feet
  • Property Type: Residential
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Rental
Rent Information
  • Occupant Type: Owner
  • Land Lease: No

Property History for 18654 Northeast 55th Street

DateEvent & SourcePriceAppreciation
Apr 22, 2026

Pending

NWMLS #2488754

—
Mar 26, 2026

Listed (Active)

NWMLS #2488754

$1,695,000—
Jan 13, 2003

Sold (Public Record)

Public Record #106088758

$8,250—
DateEvent & SourcePrice
04/22/2026

Pending

NWMLS #2488754

—
03/26/2026

Listed (Active)

NWMLS #2488754

$1,695,000
01/13/2003

Sold (Public Record)

Public Record #106088758

$8,250

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

Public Records for 18654 Northeast 55th Street

Taxable ValueLand$690,000Additions$836,000Total$1,526,000
Tax Record2025$12,838 ($1,070 / month)
Home Facts
Beds5Baths1.8Total Finished SqFt4,680 SqFtAbove Ground SqFt3,520 SqFtFinished Basement SqFt1,160 SqFtStories2Lot Size19,350 SqFtStyleSingle Family ResidenceYear Built1980ZoningNMFCountyKINGAPN182506-9038Fireplace TypeHas Fireplace

Schools near 18654 Northeast 55th Street

This home is within Lake Washington School District.
Rating
School
Type
Grades
Distance
Elizabeth Blackwell Elementary School
Public - K to 5
Inglewood Junior High School
Public - 6 to 8
Eastlake High School
Public - 9 to 12
Explorer Community School
Public - 1 to 5
Rating
School
Distance
Elizabeth Blackwell Elementary School
PublicK to 5

Inglewood Junior High School
Public6 to 8

Eastlake High School
Public9 to 12

Explorer Community School
Public1 to 5

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.

Similar Homes

Explore Nearby Homes

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 COMPASS

Based on information submitted to the MLS GRID as of 05/11/2026 09:12 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.