18654 NE 55th Street, Redmond, WA 98052 (MLS # 2488754)
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Listing provided courtesy of Northwest MLS; COMPASS, sold by Kelly Right RE of Seattle LLC
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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 | 5/31/2026 | TRACT | Redmond |
|---|---|---|---|
| YEAR BUILT | 1980 | COMMUNITY | Redmond |
| COUNTY | King | STATUS | Sold |
| PROPERTY TYPE(S) | Single Family |
| 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 | Sold |
| PARKING | Driveway, Detached, RV Access/Parking |
| STORIES | 2 |
| STYLE | 12 - 2 Story |
| SUBDIVISION | Redmond |
| TAXES | 11129 |
| UTILITIES | Cable Available, Sewer Connected |
| WATER | Public |
TOTAL MONTHLY PAYMENT
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Properties with the 
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 6/4/26 10:37 AM 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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