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Highlands Multifamily Home for Sale

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    $2,800,000

    • 9 Beds
    • 7 Baths
    • 4,272 Sq Ft

    8797 116th Ave NE, Kirkland, WA 98033

    Value in land! A rare opportunity to acquire a residential redevelopment site or a land banking property in Kirkland’s Highlands neighborhood. The 14,300 SF (or 0.33-acre) site is situated in Kirkland’s RM 3.6 zone, which allows for 3,600 square feet of lot area per unit, or 12 units per acre. According to the preliminary massing study, the site presents the new owner with the opportunity to

    Michael Yeh Kidder Mathews

    8797 116th Ave NE, Kirkland, WA 98033

Why Live in Highlands

The Highlands neighborhood in Kirkland is a serene area surrounded by woodland, offering picturesque views of Mount Rainier. The streets are lined with fir and hemlock trees, providing a secluded atmosphere. The neighborhood features a variety of home styles, including bi-levels, ranch-style, bungalows, and contemporary homes, with many newer constructions boasting floor-to-ceiling windows and covered patios. Closer to Northeast 85th Street, you'll find contemporary townhomes and multi-level single-family homes with features like rooftop patios. The Highlands is part of the highly rated Lake Washington School District, with Peter Kirk Elementary, Kirkland Middle School, and Lake Washington High School all receiving high ratings. Local parks such as Spinney Homestead Park and Highlands Park offer playgrounds, picnic areas, and athletic fields, while the Kirkland Connector Trail provides a six-mile paved path for jogging, biking, and rollerblading. Retail options along Northeast 85th Street include Safeway, Walgreens, Dollar Tree, and Starbucks, all within a 2-mile drive. Dining options in nearby downtown Kirkland, less than 2 miles away, include Bottle and Bull, Isarn Thai Soul Kitchen, and DERU Market. The Kirkland Wednesday Market, open from June to October, features farm-fresh produce, craft vendors, and live music. Transportation is primarily car-dependent, with several bus stops available. Interstate 405 runs along the eastern boundary, providing access to Kenmore Air Harbor, 8 miles away, and Seattle-Tacoma International Airport, 22 miles via I-405 South. The Highlands has a lower crime risk compared to the national average, making it a practical choice for potential home buyers.

Home Trends in Highlands, WA

Housing Trends

Median Sale Price
$510,000
Median Single Family Sale Price
$517,500
Median Townhouse Sale Price
$782,000
Average Price Per Sq Ft
$223
Number of Homes for Sale
6
Last 12 months Home Sales
19
Months of Supply
3.80
Median List Price
$525,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
70%
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