Rare opportunity to acquire a 14,400-square-foot development site in the heart of Downtown Redmond. The property is zoned Downtown Core (DTC), the city’s highest-intensity zoning designation, allowing for a Floor Area Ratio (FAR) of up to 6.5 and a maximum buildable area of approximately 93,600 square feet. Positioned within walking distance of the Downtown Redmond Light Rail Station. The site offers an exceptional opportunity to develop a high-density mixed-use project in a supply-constrained market. Permitted uses include a combination of multifamily residential, office, retail, hospitality, and other complementary commercial uses, providing flexibility to capitalize on evolving market demand. With continued investment in Downtown Redmond, strong employment growth, and increasing demand for urban mixed-use developments, offers investors and developers the opportunity to create a landmark project in one of the Eastside’s most dynamic and desirable submarkets.
Active
Listed by: Windermere Bellevue Commons • Joyce Wei
$2,580,000
8412 164 Avenue NE, Redmond, WA 98052
--beds
--baths
0.33Acres
Unimproved Land
Built in ----
0.33 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 30 days |
- 120 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Joyce Wei,
Windermere Bellevue Commons
Source: NWMLS as distributed by MLS GRID,MLS#: 2544646
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 0.33 Acres
Details
- Parcel number: 671970013007
- Zoning: DTC
- Zoning description: Business,Commercial,Multi-Family,Office,Residential,Retail,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: Not Available
- Gas: Not Available
- Sewer: Not Available
- Water: Not Available
- Utilities for property: Electricity Not Available
Community & HOA
Community
- Subdivision: Downtown Redmond
Location
- Region: Redmond
Financial & listing details
- Tax assessed value: $3,960,000
- Annual tax amount: $33,279
- Date on market: 6/23/2026
- Cumulative days on market: 31 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$2,497/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2026 | Listed for sale | $2,580,000+29% |
Source:  NWMLS as distributed by MLS GRID #2544646 Report a problem | ||
| 12/18/2020 | Sold | $2,000,000+60% |
Source: Public Record Report a problem | ||
| 7/12/2013 | Sold | $1,250,000 |
Source: NWMLS as distributed by MLS GRID #287314 Report a problem | ||
| 4/13/2012 | Listing removed | $1,250,000 |
Source: Keller Williams Rlty Kirkland #287314 Report a problem | ||
| 10/24/2011 | Listed for sale | $1,250,000+257.1% |
Source: Keller Williams Rlty Kirkland #287314 Report a problem | ||
| 1/4/2001 | Sold | $350,000 |
Source: Public Record Report a problem | ||
| 3/18/1996 | Sold | $350,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $33,279 +17.7% | $3,960,000 +10% |
| 2024 | $28,263 +31.9% | $3,600,000 +38.9% |
| 2023 | $21,425 +26.6% | $2,592,000 +12.5% |
| 2022 | $16,929 +1.3% | $2,304,000 +18.5% |
| 2021 | $16,706 -0.2% | $1,944,000 +8% |
| 2020 | $16,737 +14.8% | $1,800,000 +13.6% |
| 2019 | $14,575 +18.9% | $1,584,000 +14.6% |
| 2018 | $12,260 +2.5% | $1,382,400 +15.4% |
| 2017 | $11,957 -0.3% | $1,197,600 -0.1% |
| 2016 | $11,990 | $1,198,700 |
| 2015 | $11,990 | $1,198,700 |
| 2014 | $11,990 | $1,198,700 +52.3% |
| 2013 | $11,990 | $787,000 +7% |
| 2012 | -- | $735,400 +15.9% |
| 2007 | -- | $634,600 +22.2% |
| 2006 | -- | $519,400 +16.1% |
| 2005 | -- | $447,400 +91.2% |
| 2001 | $2,667 -8.7% | $234,000 |
| 2000 | $2,923 | $234,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 9/10Redmond Elementary SchoolGrades: K-5Distance: 0.3 mi
- 9/10Redmond Middle SchoolGrades: 6-8Distance: 1 mi
- 10/10Redmond High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Raymond Elem
- Middle: Raymond Jnr Snr High
- High: Raymond Jnr 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.
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A local agent can set up tours, give advice and negotiate with sellers.
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