A truly exceptional investment opportunity in one of Matthews Beach most desirable settings. This private, quiet parcel offers a rare combination of prime location, flexible zoning, and remarkable development flexibility — making it one of the most compelling lots currently available. Surrounded by expansive open space with potential for sweeping territorial views, this property is a beautifully rare lot that feels both serene and connected. It’s the perfect canvas to design and build a signature residence or capitalize on its versatile zoning potential. Enjoy an unmatched lifestyle just moments from the scenic Burke-Gilman Trail, Matthews Beach Park, Lake Washington, and Magnuson Park. Stroll to beloved neighborhood destinations including Magnuson Cafe & Brewery, Grand Central Bakery, Wedgwood Broiler, and Fiddler's Inn. Everyday essentials are equally convenient with nearby Metropolitan Market and PCC Community Markets. With easy access to public transportation and major freeways, this location offers seamless connectivity while maintaining a peaceful residential atmosphere. The property is sold as-is. The existing structure has already been prepared for removal, allowing you to move directly into the next phase of development. Opportunities like this — combining privacy, location, zoning flexibility, and lifestyle appeal — are exceptionally rare.
Active
Listed by: Windermere Real Estate Co. • Marilyn C. Smith
Price cut: $105K (5/11)
$995,000
9229 45th Avenue NE, Seattle, WA 98115
5beds
1,750sqft
Single Family Residence
Built in 1923
0.31 Acres Lot
$957,400 Zestimate®
$569/sqft
$-- HOA
What's special
Sweeping territorial viewsPrivate quiet parcel
- 133 days |
- 325 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Marilyn C. Smith,
Windermere Real Estate Co.
Source: NWMLS as distributed by MLS GRID,MLS#: 2483339
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Main
Bathroom full
- Level: Main
Heating
- Forced Air, Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 1,750
- Total interior livable area: 1,750 sqft
Property
Parking
- Parking features: None
Features
- Levels: One and One Half
- Stories: 1
- Has view: Yes
- View description: Lake, Territorial
- Has water view: Yes
- Water view: Lake
Lot
- Size: 0.31 Acres
- Features: Value In Land
- Topography: Partial Slope
- Residential vegetation: Brush, Wooded
Details
- Parcel number: 5210200145
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 1/2 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1923
- Major remodel year: 1923
Utilities & green energy
- Electric: Company: Seattle Public Utility
- Sewer: Available, Company: Seattle Public Utility
- Water: Public, Company: Seattle Public Utility
Community & HOA
Community
- Subdivision: Matthews Beach
HOA
- HOA phone: 206-307-8881
Location
- Region: Seattle
Financial & listing details
- Price per square foot: $569/sqft
- Tax assessed value: $954,000
- Annual tax amount: $9,339
- Date on market: 2/24/2026
- Cumulative days on market: 134 days
- Listing terms: Conventional
Estimated market value
$957,400
$910,000 - $1.01M
$3,460/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/11/2026 | Price change | $995,000-9.5%$569/sqft |
Source: | ||
| 2/24/2026 | Listed for sale | $1,100,000+120%$629/sqft |
Source: | ||
| 7/26/2019 | Sold | $500,000$286/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,432 +11.7% | $954,000 +3.9% |
| 2024 | $9,339 +4% | $918,000 +7.2% |
| 2023 | $8,979 +1.1% | $856,000 -10% |
| 2022 | $8,878 +7.5% | $951,000 +17.1% |
| 2021 | $8,262 +13.8% | $812,000 +21% |
| 2020 | $7,263 -5.7% | $671,000 -8.3% |
| 2019 | $7,701 +17.3% | $732,000 +6.6% |
| 2018 | $6,566 -3.3% | $687,000 +9.9% |
| 2017 | $6,789 +34.8% | $625,000 +7% |
| 2016 | $5,036 | $584,000 +10% |
| 2015 | $5,036 | $531,000 +11.1% |
| 2014 | $5,036 | $478,000 -2.8% |
| 2013 | $5,036 | $492,000 +8.6% |
| 2012 | -- | $453,000 -2.2% |
| 2011 | -- | $463,000 -3.1% |
| 2010 | -- | $478,000 |
| 2009 | -- | $478,000 +14.1% |
| 2007 | -- | $419,000 +5.5% |
| 2006 | -- | $397,000 +8.2% |
| 2005 | -- | $367,000 +45.1% |
| 2001 | $3,001 +9.9% | $253,000 +16.1% |
| 2000 | $2,731 | $218,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Wedgwood
Nearby schools
GreatSchools rating
- 10/10Thornton Creek Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 9/10Eckstein Middle SchoolGrades: 6-8Distance: 1.2 mi
- 7/10Nathan Hale High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: View Ridge
- Middle: Eckstein Mid
- High: Nathan Hale 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- King County
- Seattle
- 98115
- Wedgwood
- 9229 45th Avenue NE







