Gated Lake Washington Buildable
For Sale
$1,500,000
5-2540 39th Ave E, Seattle, WA 98112
Level 20,699 SF lot in a gated lakefront community with a City of Seattle permit for a custom 6,200+ SF home.
Property Size6,200 SF
Lot Size0.48 Acres
Price / SF$241.94
Days on Market128
Property Features for 5-2540 39th Ave E
General Information
Standard status
Active
Size
6,200 SF
Lot size
0.48 Acres
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$16,050
Listing Agency:
Realogics Sotheby's Int'l Rlty
(206) 466-2409
Listed By:
Kathryn Holly Hinds
(206) 466-2409
Source:
Exprealty
Added: Apr 21
Changed: Aug 8
Last Checked: Jul 4 at 3:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realogics Sotheby's Int'l Rlty
Investment Insights
Based on property information with market context.
This ready-to-build lot is set on 20,699 SF of level land and includes a City of Seattle permit for a 6,200+ SF custom home. The permitted plans are for a Northwest Contemporary residence, and the seller notes plans are included or that buyers may bring their own vision in compliance with the HOA. The property is positioned beside an architect-designed pond and surrounded by mature old-growth trees.
Situated within Madison Estates, an exclusive gated Lake Washington luxury community, the site provides private community access to a boat dock and waterfront features. The property is described as being in the heart of Madison Park and only blocks from Madison Park Village, with its shops, restaurants, parks, and schools.
For buyers looking to build in a controlled community setting, this parcel offers a straightforward path with permitted plans already in hand. Community access to a boat dock and waterfront features, along with the tranquil pond-and-trees setting, supports both lifestyle-focused use and a refined custom-home buildout, subject to HOA compliance. Seller financing is available.
Situated within Madison Estates, an exclusive gated Lake Washington luxury community, the site provides private community access to a boat dock and waterfront features. The property is described as being in the heart of Madison Park and only blocks from Madison Park Village, with its shops, restaurants, parks, and schools.
For buyers looking to build in a controlled community setting, this parcel offers a straightforward path with permitted plans already in hand. Community access to a boat dock and waterfront features, along with the tranquil pond-and-trees setting, supports both lifestyle-focused use and a refined custom-home buildout, subject to HOA compliance. Seller financing is available.
Key Highlights
- City of Seattle permit included for a custom 6,200+ SF home
- Level 20,699 SF lot in Madison Estates, a gated Lake Washington luxury community
- Architect‑designed pond setting with mature old‑growth trees
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 98112, WA
23,152
Population
11,670
Households
2
Avg Household Size
39
Median Age
81%
College-Educated
99%
High-School Grad
3.2 sq mi
ZIP Area
7,235
Density / Sq Mi
$162,073
Median Household Income
$84,919
Median Earnings
$2,062
Median Rent
$1,407,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Level 20,699 SF lot in a gated lakefront community with a City of Seattle permit for a custom 6,200+ SF home.
Where is this residential land & home lot located?
The property is located at 5-2540 39th Ave E Seattle, WA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: City of Seattle permit included for a custom 6,200+ SF home; Level 20,699 SF lot in Madison Estates, a gated Lake Washington luxury community; Architect‑designed pond setting with mature old‑growth trees
