Rose Hill-10.5 Acre Development Site in Redmond
Sold Price: $18MM
Property Status: SOLD
Lots: Approximately 53
The offering consists of 10.5 Acres of single family residential zoned property in the City of Redmond. The property is located in the highly valued “Rose Hill” neighborhood on the Greater Eastside. Its proximity to the Eastside Tech Corridor, local and regional shopping as well as the much sought after Lake Washington School District, make it prime for residential development.
The Opportunity: Large Scale Infill Opportunity to Design and Entitle approximately 53 Residential Homesites As a builder/developer, the property provides the ability to control inventory in a very lot constrained market.
Strong Regional Employment: Proximity to large scale employment opportunities in the Eastside Technology Corridor is a key component to attracting upscale homebuyers to Rose Hill. Redmond is considered a top residential destination for high wage earning couples and individuals.
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