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Listed by: Martin J. Ho (425) 499-8909 | Berkshire Hathaway HS NW (425) 453-9100
$2,150,000
Monthly Est:$10,701
-- Bed
-- Bath
27,653sqft lot
12901 Newcastle Way, Newcastle, WA 98056
$2,150,000
$10,701/moEst:
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Land
Built in -
$-- HOA
27,653 sqft lot
$78/sq.ft
Description
Exceptional Newcastle development opportunity offering 27,635 square feet of prime land just minutes from Bellevue, Coal Creek, and the Eastside. Development sites of this scale and location are increasingly difficult to find, this property offers a unique chance to create much-needed housing in one of the Puget Sound region's strongest real estate markets. The current owner has completed extensive preliminary planning, including a detailed site plan and feasibility study featuring 27 townhome residences averaging approximately 1,680 square feet each, situated above a structured parking garage with 33 parking stalls and complemented by a 4,500-square-foot retail/commercial space. The proposed mixed-use concept creates the potential for a vibrant live-work environment while maximizing the site's development potential. Flexible zoning provides the opportunity to pursue a flexible vision and permitting strategy, whether advancing the existing concept or exploring alternative development scenarios. Surrounded by strong demographics, excellent schools, major employers, shopping, dining, parks, and convenient access to Bellevue, Seattle, and regional transportation corridors, the location offers compelling fundamentals for long-term success. Property shares the same address as the Newcastle Library. The parcel being offered for sale is located behind the library.
- Houzeo last checked: 12 hours ago
- Listing updated: September 21, 2026 at 4:31 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2535325
Property Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
27,653 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2535325
MLS Status
Active
Days on Market
120
Cumulative Days on Market
119
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
In Street
Utilities & Energy
Utilities
Electricity Available, Natural Gas Available
Water Source
In Street
Other Features
Lot Features
Curbs, Paved, Sidewalk
Subdivision Name
Newcastle
Price History
| Date | Event | Price |
|---|---|---|
06/05/2026 Source: | Listed for Sale | $2,150,000 $0/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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