120xx May Creek Park Dr Newcastle, WA 98059
This 0.671-acre (29,250 sq ft) residential lot in desirable Newcastle, WA (98059), presents a unique opportunity. Located at 120xx SE May Creek Park Dr, this beautifully wooded property features a seasonal creek. While offering a secluded, country-like feel, it enjoys convenient access to Bellevue and Renton. The lot is priced to sell, though building may present challenges due to slope and stream buffer; a RUE permit process is required for one home. Prospective buyers should consult with the city and a wetland consultant for detailed information regarding development. Utilities (sewer, water, electricity) are available at the street, and the area boasts paved roads, curbs, gutters, and sidewalks. Investors, builders, and developers may also find this property attractive, potentially for density credit transfer or mitigation purposes. The asking price is $119,500.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.