2540 39th Ave E Unit 5 Seattle, WA 98112
Madison Park NeighborhoodEstimated payment $12,638/month
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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2322597
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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/05/2025 11/05/25 | Pending | -- | -- | -- |
| 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)
MLS Number: 2322597
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Based on information submitted to the MLS GRID
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