18654 NE 55th Street, Redmond, WA 98052
Local realty services provided by:CENTURY 21 Lund, Realtors
Listed by: cindy kelly
Office: compass
MLS#:2488754
Source:NWMLS
18654 NE 55th Street,Redmond, WA 98052
$1,695,000
- 5 Beds
- 3 Baths
- 3,520 sq. ft.
- Single family
- Active
Price summary
- Price:$1,695,000
- Price per sq. ft.:$481.53
About this home
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)....
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Home facts
- Year built:1980
- Listing ID #:2488754
- Updated:April 06, 2026 at 12:23 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:2
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator
- Bedroom Description:Lower Level Bedrooms : 2, Main Level Bedrooms : 3
- Basement:Yes
- Basement Description:Daylight
- Living area:3,520 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1980
- Building area:3,520 sq. ft.
- Lot area:0.44 Acres
- Lot Features:Corner, Curbed Lot, Secluded, Sidewalk
- Construction Materials:Wood Exterior Finish
- Exterior Features:Deck, Fenced-Partially
- Foundation Description:Daylight
- Levels:2 Story
Schools
- High school:Eastlake High
- Middle school:Inglewood Middle
- Elementary school:Blackwell Elem
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$1,695,000
- Price per sq. ft.:$481.53
- Tax amount:$11,129 (2025)
Features and amenities
- Appliances:Dishwasher, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:Cable TV, Ceiling Fan(s), Gas Available, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
Parking
- Total parking spaces:1
- Parking description:Detached Garage, Driveway, RV Parking
- Garage:Yes
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