Pending

$1,299,000

4 Beds 3 Baths 3,040 SQFT 4.92 Acres

Type: Pending

7001 242nd Avenue NE
Redmond, WA 98053

MLS#: 2580429

Presented by: Windermere Real Estate/East and NWMLS

Property Description

A rare 4.92-acre property offering close-in acreage in the heart of Union Hill. Tucked away at the back of Swan Lake Estates on a quiet, dead-end road, this privately gated property is largely cleared, sunny, and bordered by a creek for added privacy—all while surrounded by $2Million+ estate homes. The existing home offers more than 3,000 square feet with 4 bedrooms, an office, bonus space, oversized laundry room, and a daylight basement—providing an incredible opportunity to renovate and create something truly special. A detached garage and woodshed add even more flexibility. The bones are here; with some TLC, this property could be phenomenal. Or reimagine the property entirely and create your dream estate, with room for expansive lawns, gardens, a shop, equestrian amenities, or additional outbuildings. With no CCRs, the possibilities are extensive. A unique combination of privacy, usable acreage, versatility, and an estate-worthy setting—all just minutes from downtown Redmond.

Interior Features

Bedrooms

Bedrooms Lower2

Bedrooms Possible4

Bedrooms Upper0

Main Level Bedrooms2

Total Bedrooms4

Bathrooms

3/4 Baths0

Bathrooms3

Baths Full Garage0

Baths Full Lower1

Baths Full Main2

Baths Full Upper0

Baths Half Garage0

Baths Half Lower0

Baths Half Main0

Baths Half Upper0

Baths Three Quarter Garage0

Baths Three Quarter Lower0

Baths Three Quarter Main0

Baths Three Quarter Upper0

Half Baths0

Total Baths3

Other Interior Features

Air Conditioning Y/NNo

BasementDaylight

Fireplace FeaturesWood Burning

Fireplace Y/NYes

Fireplaces Lower1

Fireplaces Main1

FlooringConcrete, Hardwood, Stone, Vinyl, Carpet

Heating Y/NYes

Interior AmenitiesBath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, Vaulted Ceiling(s)

Power Production TypeElectric, Propane, Wood

Total Fireplaces2

General

AppliancesDryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer

Attached Garage Yes

Building Area Units0 sqft

Carport Y/NNo

CityRedmond

CoolingNone

CountyKing

DirectionsFrom Hwy 520, turn east onto Union Hill Rd & follow for about 4.2 miles. Fork south (right) onto 238th Ave NE, then left back onto NE Union Hill Rd. Left onto 240th Way NE. Home has own private gate.

Elementary SchoolAlcott Elem

Entry LocationMain

Full Baths3

Garage Y/NYes

HOANo

HOA Fee$0

HeatingForced Air

High SchoolEastlake High

High School DistrictLake Washington

Land Lease Y/NNo

LevelsOne

Listing TermsCash, Rehab Loan, See Remarks

Living Area3,040 sqft

Lot Size Square Feet214,500 sqft

Lot Size UnitsSquare Feet

MLS Area550 - Redmond/Carnation

Middle/Junior High SchoolEvergreen Middle

NWM_ShowMapLinkY

New ConstructionNo

PossessionClosing

Property Style16 - 1 Story w/Bsmnt.

Property SubtypeSingle Family Residence

Property TypeResidential

Public RemarksA rare 4.92-acre property offering close-in acreage in the heart of Union Hill. Tucked away at the back of Swan Lake Estates on a quiet, dead-end road, this privately gated property is largely cleared,

RoofComposition

Security FeaturesPartially Fenced, Security Gate

Senior Community Y/NNo

SewerSeptic Tank

Special Listing ConditionsNone

Standard StatusPending

StatusPending Feasibility

Structure TypeHouse

Subdivision NameUnion Hill

Tax Annual Amount$1,270

Tax Year2026

TopographyEquestrian, Level, Partial Slope, Sloped

ViewTerritorial

Waterfront FeaturesCreek

Year Built1973

Exterior

Building Area Total3,040 sqft

Covered Spaces3

Exterior AmenitiesWood

Foundation DetailsPoured Concrete

InclusionsDryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

Irrigation Water Rights Y/NNo

Lot FeaturesDead End Street, Paved, Secluded, Value In Land

Lot Size Acres4.9242

Parking FeaturesAttached Garage, Detached Garage

Site FeaturesDeck, Fenced-Partially, Gated Entry, Outbuildings, Patio, Propane

Total Parking3

VegetationBrush, Wooded

Water SourcePublic

Waterfront Y/NYes

Additional Details

Price History

Schools

High School Eastlake High

Middle School Evergreen Middle

Elementary School Alcott Elem

Similar Properties

$1,299,000

4 Beds 3 Baths 3,040 SQFT 4.92 Acres

Type: Pending

7001 242nd Avenue NE
Redmond, WA 98053

MLS#: 2580429

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Property

$1,299,000

7001 242nd Avenue NERedmond, WA 98053

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

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$1,299,000

7001 242nd Avenue NERedmond, WA 98053

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7001 242nd Avenue NE
Redmond, WA 98053

7001 242nd Avenue NE
Redmond, WA 98053