Listed by Windermere Real Estate Co.
$1,995,000
$290K PRICE DROP

2540 39th Ave E Unit 5 Seattle, WA 98112

Madison Park Neighborhood

Estimated payment $13,389/month

Total Views 27,988
0.48 Acre
$4,198,232 Price per Acre
20,700 Sq Ft Lot

Highlights

  • Lake Front
  • Community Boat Launch
  • 0.48 Acre Lot
  • McGilvra Elementary School Rated A
  • Gated Community
  • Cul-De-Sac

About This Lot

Building permit issued by City of Seattle! RARE opportunity to build your dream home on this 20,699 SF level lot in the gated waterfront community of Madison Estates in the heart of Madison Park. Ideally situated facing the shores of Lake Washington. Lot adjoins a man-made pond and old growth trees. Just a few blocks to popular Madison Park Village and all of its amenities. This is the only gated waterfront community in the coveted Madison Park neighborhood and includes ownership of a boat slip on the community dock. Permitted plans included for stunning home, or may be reasonably modified to fit your unique vision (in compliance with HOA). Up to 70% financing available at 5% interest.

Listing Agent

Kathryn Hinds

Windermere Real Estate Co. License #28250 Listed on: 01/17/2025

Windermere Real Estate Co.

Co-Listing Agent

Taylor Hinds

Windermere Real Estate Co. License #110121

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2322597

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,849

Lot Details

  • 0.48 Acre Lot
  • Lake Front
  • Cul-De-Sac
  • Street terminates at a dead end
  • Level Lot

HOA Fees

  • $1,134 Monthly HOA Fees

Property Views

  • Lake
  • Mountain
  • Territorial
  • Limited

Schools

  • Seattle Public Sch Elementary And Middle School
  • Seattle Public Sch High School

Utilities

  • Sewer in Street

Listing and Financial Details

  • Tax Lot #5
  • Assessor Parcel Number 4114600339

Community Details

Overview

  • Association fees include common area maintenance, road maintenance
  • Madison Estates Condos
  • Madison Park Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Boat Launch

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$14,849

Lot Details

0

HOA Fees

$1,134 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 40 - Res-Less thn 1 Ac
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Madison Estates
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • Restrictions: CC&R,NO Manufactured Homes
  • Improvements: Dock,Fenced-Fully
  • Survey: Available
  • LevelComment: Level Lot/Gated Community/Boat Slip
  • Special Features: None
  • Cumulative Days on Market: 197

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • View: Lake, Mountain(s), Partial, Territorial
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront Features: Lake, No Bank
  • Waterfront: Yes
  • Structure Type: Unspecified
  • RoadInformation: Paved,Privately Maintained,Recorded Maint. Agrm
  • RoadOnWhichSide: North & West
  • WaterJurisdiction: City of Seattle
  • Easements: Road & Utilities

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: In Street
  • Water Source: Available, In Street
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: No
  • Utilities: Electricity Available, Natural Gas Available, See Remarks
  • ElectricityStatus: In Street
  • GasStatus: In Street

Condo/Co-op/Association

  • Community Features: Boat Launch, CCRs, Gated
  • Senior Community: No
  • Association Fee: 1134
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Common Interest: Vacant Land

Fee Information

  • Association Fee Includes: Common Area Maintenance, Road Maintenance, See Remarks
  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Seattle
  • High School: Seattle Public Sch
  • Middle Or Junior School: Seattle Public Sch

Lot Info

  • Parcel Number: 4114600339
  • Topography: Level
  • Lot Size Acres: 0.4752
  • Lot Size: 20,699
  • Lot Size Sq Ft: 20699
  • Zoning Description: Residential
  • Zoning: NR3
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: City
  • LotNumber: #5
  • PublicLandSurvey: 04-25-22-NW

Tax Info

  • Year: 2024
  • Tax Annual Amount: 14849

MLS Schools

  • Elementary School: Seattle Public Sch

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2025 03/17/25 Price Changed $1,995,000 -12.7% --
01/17/2025 01/17/25 For Sale $2,285,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2322597

Northwest Multiple Listing Service (NWMLS)

Washington King County Seattle 98112 Madison Park

2540 39th Ave E Unit 5, Seattle, WA

This home is located at 2540 39th Ave E Unit 5, Seattle, WA 98112 and is currently priced at $1,995,000. 2540 39th Ave E Unit 5 is a home located in King County with nearby schools including McGilvra Elementary School, Meany Middle School, and Garfield High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. 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, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Kathryn Hinds
Listing Agent
Kathryn Hinds
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Windermere Real Estate Co.
(206) 203-1388