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.
179 days
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358
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7
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Zillow last checked:
Listing updated:
Listed by:
Marilyn C. Smith,
Windermere Real Estate Co.
Source: NWMLS as distributed by MLS GRID,MLS#: 2483339
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: 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: 2/23/2026
Cumulative days on market: 181 days
Listing terms: Conventional
Estimated market value
Zestimate®
$957,300
Estimated sales range
$909,000 - $1.01M
Rent Zestimate®
$3,976/mo
Price history
Date
Event
Price
5/11/2026
Price change
$995,000-9.5%$569/sqft
Source: NWMLS as distributed by MLS GRID #2483339Report a problem
2/24/2026
Listed for sale
$1,100,000+120%$629/sqft
Source: NWMLS as distributed by MLS GRID #2483339Report a problem
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.