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).
Sold
Listed by: COMPASS
Bought with: Kelly Right RE of Seattle LLC
$1,500,000
18654 NE 55th Street, Redmond, WA 98052
5beds
3,520sqft
Single Family Residence
Built in 1980
0.44 Acres Lot
$1,633,400 Zestimate®
$426/sqft
$5,306 Estimated rent
Home value
$1,633,400
$1.55M - $1.72M
$5,306/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Cynthia Kelly,
COMPASS
Bought with:
Gani Konapala, 126568
Kelly Right RE of Seattle LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2488754
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Lower
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Lower
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Natural Gas
Cooling
- Forced Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s), Water Heater: Gas, Water Heater Location: Lower Level
Features
- Bath Off Primary, Ceiling Fan(s), Dining Room, Loft
- Windows: Dbl Pane/Storm Window
- Basement: Daylight
- Number of fireplaces: 2
- Fireplace features: Wood Burning, Main Level: 2, Fireplace
Interior area
- Total structure area: 3,520
- Total interior livable area: 3,520 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Detached Garage, RV Parking
- Has garage: Yes
- Covered spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Loft, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
Lot
- Size: 0.44 Acres
- Features: Corner Lot, Curbs, Secluded, Sidewalk, Cable TV, Deck, Fenced-Partially, Gas Available, RV Parking
- Topography: Level,Sloped
Details
- Parcel number: 1825069038
- Zoning: City
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,2 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1980
- Major remodel year: 1980
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Redmond
- Water: Public, Company: City of Redmond
- Utilities for property: Xfinity, Xfinity
Community & neighborhood
Location
- Region: Redmond
- Subdivision: Redmond
Other
Other facts
- Listing terms: Conventional,FHA
- Cumulative days on market: 28 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Sold | $1,500,000-11.5%$426/sqft |
Source:  NWMLS as distributed by MLS GRID #2488754 Report a problem | ||
| 4/23/2026 | Pending sale | $1,695,000$482/sqft |
Source: NWMLS as distributed by MLS GRID #2488754 Report a problem | ||
| 3/27/2026 | Listed for sale | $1,695,000+346.1%$482/sqft |
Source: NWMLS as distributed by MLS GRID #2488754 Report a problem | ||
| 9/18/2008 | Listing removed | $379,950$108/sqft |
Source: Prudential Real Estate #28136950 Report a problem | ||
| 8/13/2008 | Listed for sale | $379,950+4505.5%$108/sqft |
Source: Prudential Real Estate #28136950 Report a problem | ||
| 1/13/2003 | Sold | $8,250$2/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,129 +15.3% | $1,416,000 +21.4% |
| 2023 | $9,648 -7.1% | $1,166,000 -17.5% |
| 2022 | $10,390 +24.6% | $1,413,000 +45.8% |
| 2021 | $8,336 +5.5% | $969,000 +14.1% |
| 2020 | $7,904 -1.3% | $849,000 -2.3% |
| 2019 | $8,004 +7.8% | $869,000 +3.9% |
| 2018 | $7,421 -1.1% | $836,000 +11.3% |
| 2017 | $7,503 +29.2% | $751,000 +20.2% |
| 2016 | $5,808 | $625,000 +3.1% |
| 2015 | $5,808 | $606,000 +4.5% |
| 2014 | $5,808 | $580,000 +17.2% |
| 2013 | $5,808 | $495,000 -2% |
| 2012 | -- | $505,000 |
| 2011 | -- | $505,000 +33.2% |
| 2010 | -- | $379,000 |
| 2009 | -- | $379,000 +7.7% |
| 2007 | -- | $352,000 |
| 2006 | -- | $352,000 |
| 2005 | -- | $352,000 +5.4% |
| 2001 | $3,805 +3.7% | $334,000 +13.6% |
| 2000 | $3,671 | $294,000 |
Find assessor info on the county website
Neighborhood: SE Redmond
Nearby schools
GreatSchools rating
- 7/10Elizabeth Blackwell Elementary SchoolGrades: K-5Distance: 1.7 mi
- 9/10Inglewood Junior High SchoolGrades: 6-8Distance: 4.4 mi
- 10/10Eastlake High SchoolGrades: 9-12Distance: 4.3 mi
Schools provided by the listing agent
- Elementary: Blackwell Elem
- Middle: Inglewood Middle
- High: Eastlake High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,633,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,633,400
- Washington
- King County
- Redmond
- 98052
- SE Redmond
- 18654 NE 55th Street