18654 NE 55th Street, Redmond, WA 98052 (MLS # 2488754)

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Listing provided courtesy of Northwest MLS; COMPASS

PRICE $1,695,000 dsIDX morgage calculator
BEDS 5
BATHS 2.75
HOME SIZE 3,520 sqft
LOT SIZE 19,350 sqft
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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).

LAST UPDATED 3/26/2026 TRACT Redmond
YEAR BUILT 1980 COMMUNITY Redmond
COUNTY King STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Blackwell Elem
Jr. High School Inglewood Middle
High School Eastlake High


ADDITIONAL DETAILS
AIR Ceiling Fan(s)
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer, Water Heater
AREA 550 - Redmond/Carnation
BASEMENT Daylight, Yes
CONSTRUCTION Wood Siding
FIREPLACE Yes
GARAGE Yes
HEAT Forced Air, Natural Gas
INTERIOR Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Loft, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
LOT 0.4442 acre(s)
LOT DESCRIPTION Corner Lot, Curbs, Secluded, Sidewalk
MLS STATUS Active
PARKING Driveway, Detached, RV Access/Parking
STORIES 2
STYLE 12 - 2 Story
SUBDIVISION Redmond
TAXES 11129
UTILITIES Cable Available, Sewer Connected
WATER Public
MORTGAGE CALCULATOR
   

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 3/27/26 1:32 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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