Date
Details
Price
Change
Source
3/26/2026
Listed
$1,695,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/22
$1,695,000 Just Listed
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1/22
Property Description
This is a rare "live well + build wealth" opportunity on a 19,350 SF lot with Redmond NMF zoning-offering flexibility as a comfortable home today and serious upside over time. So many options. The existing residence is 3,520 SF and lives beautifully, featuring three bedrooms upstairs, vaulted ceilings, and an open great-room floor plan that feels bright, airy, and connected. Downstairs, the lower level has its own separate entrance, making it a natural setup for a rentable unit, guest quarters, or multi-generational living with privacy. What truly sets this property apart is the Redmond NMF (Neighborhood Multifamily) zoning, which supports a wide range of redevelopment paths. With Washington's evolving housing laws-including HB-1337, which expands the ability to add up to two detached DADUs on many lots without subdivision (subject to local standards, setbacks, utilities, and permitting)-this property can be approached with a strategic "income + appreciation" mindset. Multiple smart options exist: KEEP & OPTIMIZE: Update this structurally solid home, create/upgrade the lower-level rental, and add up to two detached DADUs. REDEVELOP: Start fresh and build townhomes / multifamily consistent with NMF zoning (subject to approvals and feasibility). Alternative concept: Explore a larger building footprint and specialized housing concepts; per city code, an apartment building or even an assisted living facility may be an option (buyer to verify).
Full Property Details
Full Property Details for 18654 NE 55th St
General
- Price: $1,695,000
- Taxes: $11,129 (2025)
- Status: Active
- Type: Single Family
- Source: NWMLS
- MLS ID: 2488754
- Updated: 3/26/2026
- Added to Site: 4 day(s) ago
Interior
- Interior Features: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Loft, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Wood Burning
- Appliances: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- 3/4 Bathrooms: 1
- Main Floor Baths: 2
- Lower - 3/4 Baths: 1
Bedrooms
- Total Bedrooms: 5
- Bedrooms Lower: 2
- Bedrooms Main: 3
Additional Information
- Amenities: Cable TV, Deck, Fenced-Partially, Gas Available, RV Parking
- Security/Safety: Partially Fenced
Parking
- Garage: Yes
- Covered Spaces: 1
- Parking Features: Driveway, Detached Garage, RV Parking
Location
- Area: 550 - Redmond/Carnation
- County: King
- Subdivision: Redmond
- Driving Directions: Use GPS - Park in the driveway.
- Direction Faces: North
School Information
- High School District: Lake Washington
- Elementary School: Blackwell Elem
- Middle School: Inglewood Middle
- High School: Eastlake High
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Forced Air
- Heating Type: Forced Air
- Water Heater: Gas
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: House
- Exterior Const.: Wood
- Basement Desc.: Daylight
- Foundation: Poured Concrete
- Roof: Composition
- Entry Location: Main
- Square Feet: 3,520
- Finished Total: 3,520 Sq. Ft.
- Year Built: 1980
- Property Condition: Good
Lot Features
- Lot Size (Acres): 0.4442
- Lot Size (Sq. Ft.): 19,350
- Lot Size Source: County
- Topography: Level, Sloped
- Lot Features: Corner Lot, Curbs, Secluded, Sidewalk
Financial Considerations
- Tax Amount: $11,129
- Tax Year: 2025
- Terms: Cash, Conventional, FHA
Disclosures and Reports
- Special Conditions: None
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Property ID: 1825069038
Listed by Cindy Kelly | Compass | (425) 637-7777
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Schools
Schools serving 18654 NE 55th St
School District:Lake Washington School District
| Name | Grades | Distance |
|---|---|---|
Elizabeth Blackwell Elementary School 3225 205th Place Northeast, Sammamish, WA 98074 | K-5 | 1.7 mi |
Inglewood Junior High School 24120 Northeast 8th Street, Sammamish, WA 98074 | 6-8 | 4.4 mi |
Eastlake High School 400 228th Avenue Northeast, Sammamish, WA 98074 | 9-12 | 4.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 18654 NE 55th St
Tax History
Tax History for 18654 NE 55th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,129
15%
$1,416,000
—
2024
$9,648
-7%
$1,413,000
—
2022
$10,390
31%
$1,413,000
46%
2021
$7,904
—
$969,000
14%
2021
$7,904
-1%
$849,000
-2%
2020
$8,004
8%
$869,000
4%
2019
$7,421
-1%
$836,000
11%
2018
$7,503
25%
$751,000
20%
2017
$5,984
2%
$625,000
3%
2016
$5,857
1%
$606,000
4%
2015
$5,808
7%
$580,000
17%
2014
$5,407
—
$495,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
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18654 NE 55th Street, Redmond, WA 98052 (MLS# 2488754) is a Single Family property with 5 bedrooms, 2 full bathrooms and 1 partial bathroom. 18654 NE 55th Street is currently listed for $1,695,000 and was received on March 26, 2026. Want to learn more about 18654 NE 55th Street? Do you have questions about finding other Single Family real estate for sale in Southeast Redmond? You can browse all Southeast Redmond real estate or contact a Coldwell Banker agent to request more information.