Rare opportunity to bring an exceptional 8-lot subdivision to life in the highly sought-after and rapidly growing Newcastle community. Preliminary plat approval is already in place with reasonable conditions, offering a significant head start for development. Perched on a quiet dead-end street, this remarkable property captures expansive Western territorial views and a serene, private setting. The gently sloping East-to-West topography is ideal for maximizing views while maintaining privacy across all lots. Dual frontage on 117th Ave SE and 118th Ave SE provides valuable flexibility for access, layout, and utilities. Recent nearby construction along 118th has helped extend sewer to the property, with additional connection potential from 117th. Conveniently located just minutes from I-405, with easy access to major employment centers, shopping, dining, parks, and the airport, this is a truly outstanding development opportunity in one of the Eastside’s most desirable locations.
Active
Listed by: Windermere Bellevue Commons • Nicole M. Barclay
$4,400,000
8213 118th Avenue SE, Newcastle, WA 98056
--beds
--baths
1.7Acres
Unimproved Land
Built in ----
1.7 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Serene private settingExpansive western territorial viewsGently sloping east-to-west topography
- 112 days |
- 95 |
- 3 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Nicole M. Barclay,
Windermere Bellevue Commons,
Dick Pelascini,
DCP Real Estate
Source: NWMLS as distributed by MLS GRID,MLS#: 2508807
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 1.7 Acres
- Dimensions: 293' x 252'
- Features: Dead End Street, Open Lot, Secluded, Brush, Evergreens, Garden/Fruit Trees, Lightly Treed
- Topography: See Remarks
- Residential vegetation: See Remarks
Details
- Parcel number: 3346300295
- Zoning: R4
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: Available
- Sewer: Available
- Water: Available, In Street, Jurisdiction: Coal Creek Utility District
- Utilities for property: Electricity Connected, Natural Gas Available
Community & HOA
Community
- Subdivision: Newcastle
Location
- Region: Renton
Financial & listing details
- Tax assessed value: $1,268,000
- Annual tax amount: $11,044
- Date on market: 4/16/2026
- Cumulative days on market: 113 days
- Listing terms: Conventional
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$3,585/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Listed for sale | $4,400,000+882.1% |
Source:  NWMLS as distributed by MLS GRID #2508807 Report a problem | ||
| 3/6/2015 | Sold | $448,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,866 +7.4% | $1,268,000 +6.7% |
| 2024 | $11,044 +11.9% | $1,188,000 +18.7% |
| 2023 | $9,866 -12% | $1,001,000 -21.8% |
| 2022 | $11,217 +16.6% | $1,280,000 +36.5% |
| 2021 | $9,620 +27.8% | $938,000 +34.4% |
| 2020 | $7,524 +2.8% | $698,000 +2.5% |
| 2019 | $7,317 +0.2% | $681,000 -4.6% |
| 2018 | $7,299 -3% | $714,000 +13.9% |
| 2017 | $7,522 +64% | $627,000 +16.8% |
| 2016 | $4,586 | $537,000 +5.7% |
| 2015 | $4,586 | $508,000 +14.7% |
| 2014 | $4,586 +107.9% | $443,000 +15.7% |
| 2013 | $2,206 | $383,000 +0.8% |
| 2012 | -- | $380,000 -2.3% |
| 2011 | -- | $389,000 -2.5% |
| 2010 | -- | $399,000 |
| 2009 | -- | $399,000 +103.6% |
| 2007 | -- | $196,000 |
| 2006 | -- | $196,000 |
| 2005 | -- | $196,000 |
| 2001 | $1,071 -13% | $196,000 |
| 2000 | $1,231 | $196,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 98056
Nearby schools
GreatSchools rating
- 7/10Hazelwood Elementary SchoolGrades: K-5Distance: 0.6 mi
- 7/10Vera Risdon Middle SchoolGrades: 6-8Distance: 0.8 mi
- 6/10Hazen Senior High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Hazelwood Elem
- Middle: Mcknight Mid
- High: Hazen Snr High
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.
- $2,149,9505 bd4 ba3.5k sqft8350 118th Ave SE #1, Renton, WA 98056Sold
- $1,650,0005 bd3 ba2.9k sqft8332 117th Ave SE, Renton, WA 98056Sold
- $2,150,0005 bd4 ba3.6k sqft8366 118th Ave SE LOT 2, Renton, WA 98056Sold
- $2,100,0005 bd4 ba3.9k sqft8378 118th Ave SE LOT 3, Renton, WA 98056Sold
- $--3.4 acres8238 118th Ave SE, Renton, WA 98056Off Market
- $1,699,9956 bd3 ba2.5k sqft11574 SE 83rd Pl #5, Newcastle, WA 98056Sold
- $1,699,9956 bd3 ba2.5k sqft11574 SE 83rd Pl, Newcastle, WA 98056Sold
- $1,515,1005 bd3 ba2.4k sqft8316 115th Pl SE, Newcastle, WA 98056Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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