We are excited to announce a new acquisition of an excellent view property in Bellevue overlooking Lake Sammamish and the
Cascade Mountains. R 3.5 Zoning will allow us to short plat the property resulting in 2 separate parcels. The view is incredible
from this property. We purchased this property for $1,100,000.00. Once we are done with the short plat, we should be able to
sell off the land for approximately $600,000 – $800,000 and we get a nice million dollar home from this play for a cost basis of
$300,000 – $400,000 in Bellevue with an unobstructed view.
Our exit strategy will be to either build on the new lot or sell off the lot and keep the existing view property. Bring us a
potential short plat deal, and we’ll make sure to take care of you with a nice finders fee. 🙂