Active

Listed by: Realogics Sotheby's Int'l Rlty • Kathryn Holly Hinds

$1,500,000

2540 39th Avenue E #5, Seattle, WA 98112

--beds

--baths

0.48Acres

Unimproved Land

Built in ----

0.48 Acres Lot

$-- Zestimate^®

$--/sqft

$1,188/mo HOA

What's special

Serene and distinctive landscape

Ready-to-build opportunity with City of Seattle permit for a 6,200+ SF custom home. Set on a rare and level 20,699 SF lot in Madison Estates, an exclusive, gated Lake Washington luxury community in the heart of Madison Park. This property offers a truly special setting. The site is beautifully positioned beside an architect-designed pond and surrounded by mature old-growth trees, creating a serene and distinctive landscape. Enjoy private community access to a boat dock and waterfront features. Permitted plans for a stunning Northwest Contemporary residence are included, or bring your own vision (in compliance with the HOA). Ideally located only blocks from the vibrant Madison Park Village, with its popular shops, restaurants, parks, and schools. Seller financing available.

140 days
271
11

Facts & features

Interior

Features

Has fireplace: No

Interior area

Total structure area: 0

Property

Features

Has view: Yes
View description: Lake, Territorial
Has water view: Yes
Water view: Lake
Waterfront features: Lake, No Bank

Lot

Size: 0.48 Acres
Dimensions: 20,699
Features: Cul-De-Sac, Dead End Street, Paved
Topography: Level

Details

Parcel number: 4114600339
Zoning: NR3
Zoning description: Residential,Jurisdiction: City
Special conditions: Standard

Utilities & green energy

Electric: In Street
Gas: In Street
Sewer: In Street
Water: Available, In Street, Jurisdiction: City of Seattle
Utilities for property: Electricity Available, Natural Gas Available, See Remarks

Community & HOA

Community

Features: Boat Launch, CCRs, Gated
Subdivision: Madison Park

HOA

Services included: Common Area Maintenance, Road Maintenance, See Remarks
HOA fee: $1,188 monthly

Location

Region: Seattle

Financial & listing details

Annual tax amount: $16,050
Date on market: 8/8/2025
Cumulative days on market: 396 days
Listing terms: Conventional
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/18/2026	Listed for sale	$1,500,000
Source: NWMLS as distributed by MLS GRID #2510960 Report a problem
7/12/2026	Pending sale	$1,500,000
Source: NWMLS as distributed by MLS GRID #2510960 Report a problem
4/21/2026	Listed for sale	$1,500,000-3.2%
Source: NWMLS as distributed by MLS GRID #2510960 Report a problem
4/2/2021	Listing removed	--
Source: Windermere Real Estate Report a problem
1/28/2021	Pending sale	$1,550,000
Source: Windermere Real Estate Co. #1630731 Report a problem
8/7/2020	Listed for sale	$1,550,000
Source: Windermere Real Estate Co. #1630731 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: Madison Park

Getting around

36 / 100

Car-Dependent

31 / 100

Some Transit

64 / 100

Bikeable

Nearby schools

GreatSchools rating

8/10
McGilvra Elementary School
Grades: K-5Distance: 0.5 mi
5/10
Edmonds S. Meany Middle School
Grades: 6-8Distance: 1.7 mi
8/10
Garfield High School
Grades: 9-12Distance: 2.7 mi

Schools provided by the listing agent

Elementary: Seattle Public Sch
Middle: Seattle Public Sch
High: Seattle Public Sch

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.