24624 NE 18th Street in Redmond

RARE SAMMAMISH DEVELOPMENT OPPORTUNITY! Nearly 2.9 acres of R-4 land adjacent to the Kensington Enclave community. The property's primary value is in the land and its future development potential rather than the existing residence. The current home is occupied, offered strictly as-is, and should be considered a potential tear-down or interim use rather than a traditional residential purchase.Preliminary analysis suggests the property may support multiple future residential lots under its existing R-4 zoning, with a theoretical density of approximately 11 lots before accounting for site-specific constraints. The adjacent Kensington Enclave provides a compelling development precedent, with 43 residential lots approved on approximately 11.7 acres.Important: Actual development yield is not guaranteed and will depend on wetlands, critical areas and buffers, tree retention, topography, stormwater, access, utilities, engineering and City approval. Buyer to conduct their own feasibility and due diligence.Value is primarily in the land. Existing residence conveys strictly as-is.

This listing is provided courtesy of NWMLS.
Listing Broker: RE/MAX Northwest; Laura M. Ford.

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