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821 134th Ave NE - Bellevue Townhomes Development Site 2.33 Acres of Commercial Land in Bellevue, WA 98005
Investment Highlights
- Proposed plan for 24 townhomes on a 2.33-acre development site.
- Less than one mile from the Bel-Red Light Rail Station.
- Near major employers including Amazon, Microsoft, and Overlake Medical Center.
- Located in Bellevue’s growing Wilburton neighborhood near Downtown Bellevue.
- Adjacent to RapidRide transit service with regional connectivity.
- Planned neighborhood improvements support long-term residential demand.
Executive Summary
Positioned between Downtown Bellevue, the Spring District, and major Eastside employment centers, the property offers convenient access to leading technology, healthcare, and corporate employers including Amazon, Microsoft, and Overlake Medical Center. The surrounding area continues to experience public and private investment, with planned neighborhood enhancements, transit-oriented development, and expanding retail and dining options. Recent townhome sales in Bellevue and Wilburton demonstrate strong demand for new-construction housing, supporting the site’s residential development potential.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 2.33 AC |
| Zoning | SR-1 - Suburban Residential | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 2.33 AC |
| Zoning | SR-1 - Suburban Residential |
1 Lot Available
Lot
| Lot Size | 2.33 AC |
| Lot Size | 2.33 AC |
2.33-acre development site in Bellevue’s Wilburton neighborhood with a proposed 24-townhome plan. Located near light rail, RapidRide transit, Downtown Bellevue, major employers, parks, and future neighborhood improvements.
Description
Located at 821 134th Avenue NE in Bellevue, Washington, the Bellevue Townhomes Development Site consists of approximately 2.33 acres in the evolving Wilburton neighborhood. The property is planned for 24 townhomes arranged across four proposed lots, with a design that incorporates private garages, guest parking, landscaped open areas, and a dedicated outdoor play space. The site is situated less than a mile from the Bel-Red Light Rail Station and adjacent to RapidRide transit service, providing convenient connectivity to Downtown Bellevue, Redmond, and the greater Seattle region. Residents would benefit from proximity to major employment hubs, shopping destinations, medical facilities, parks, and recreational amenities. Nearby attractions include Bellevue Square, the Spring District, Wilburton Hill Park, and Kelsey Creek Park. The combination of transit access, employment proximity, and ongoing neighborhood investment positions the property within one of the Eastside’s most active residential growth corridors.
Property Taxes
| Parcel Number | 067210-0081 | Improvements Assessment | $625,000 |
| Land Assessment | $1,447,000 | Total Assessment | $2,072,000 |
Property Taxes
