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7001 242nd Avenue NERedmond, WA 98053

Pending

$1,299,000

Smart Buyer Rebate $12,990

A rare 4.92-acre property offering close-in acreage in the heart of Union Hill. Tucked away at the back of Swan Lake Estates on a quiet, dead-end road, this privately gated property is largely cleared, sunny, and bordered by a creek for added privacy—all while surrounded by $2Million+ estate homes. The existing home offers more than 3,000 square feet with 4 bedrooms, an office, bonus space, oversized laundry room, and a daylight basement—providing an incredible opportunity to renovate and create something truly special. A detached garage and woodshed add even more flexibility. The bones are here; with some TLC, this property could be phenomenal. Or reimagine the property entirely and create your dream estate, with room for expansive lawns, gardens, a shop, equestrian amenities, or additional outbuildings. With no CCRs, the possibilities are extensive. A unique combination of privacy, usable acreage, versatility, and an estate-worthy setting—all just minutes from downtown Redmond.

Listed by Sam Collins

·

Windermere Real Estate/East

Last updated September 15, 2026

·

Source: NWMLS #2580429

Listing Facts

  • TypeSingle-family
  • NeighborhoodUnion Hill-Novelty Hill
  • Bedrooms4
  • Bathrooms3
  • Days on Prevu6
  • Taxes$1,270/year
  • Size3,040 sqft
  • Price per sqft$427

Amenities

  • Washer/Dryer
  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

09/16/2026
Status changed to Pending
$1,299,000
09/10/2026
Listed by Windermere Real Estate/East
$1,299,000
  1. 09/16/2026$1,299,000
    Status changed to Pending
  2. 09/10/2026$1,299,000
    Listed by Windermere Real Estate/East

Property Details for 7001 242nd Avenue NE

Exterior

Construction

  • Roof: Composition
  • Structure Type: House
  • Year Built: 1973
  • Construction Materials: Wood
  • Entry Location: Main
  • Exterior Features: Wood

Features

  • View: Territorial
  • Waterfront Features: Creek
  • Waterfront: Yes

Measurements

  • Building Area Total: 3,040
  • Building Area Units: Square Feet
  • Lot Features: Dead End Street, Paved, Secluded, Value In Land
  • Lot Size Acres: 4.92
  • Lot Size Square Feet: 214,500
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 1025069128
  • Tax Annual Amount: $1,270.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces Total: 2
  • Flooring: Concrete, Hardwood, Stone, Vinyl, Carpet
  • Interior Features: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, Vaulted Ceiling(s)

Measurements

  • Living Area: 3,040

Rooms

  • Basement: Daylight
  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 4
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2

Other

Location

  • Subdivision Name: Union Hill

Parking

Parking

  • Attached Garage: Yes
  • Covered Spaces: 3
  • Garage: Yes
  • Parking Features: Attached Garage, Detached Garage
  • Parking Total: 3

Schools

Elementary School

  • Elementary School: Alcott Elem

High School

  • High School: Eastlake High
  • High School District: Lake Washington

Middle or Junior School

  • Middle Or Junior School: Evergreen Middle

Utilities

Equipment

  • Has Heating: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 4 bedrooms and 3 bathrooms in this single-family home at 7001 242nd Avenue NE.

What schools are nearby to 7001 242nd Avenue NE?

Nearby schools include the Alcott Elem Elementary School, Evergreen Middle, and Eastlake High.

Does this single-family home have parking?

Yes, there are 3 parking spaces available for 7001 242nd Avenue NE.

What are the annual taxes for 7001 242nd Avenue NE?

Annual taxes for this single-family home are estimated at $1,270.

How does 7001 242nd Avenue NE compare to other single-family homes in Union Hill-Novelty Hill?

This single-family home is listed 35% below the average price for single-family homes in Union Hill-Novelty Hill and has been on the market for 37 less days than the typical home in this area.

What is the square footage on this single-family home?

According to the MLS, this listing is 3,040 sqft.

7001 242nd Avenue NE is a 4-bedroom, 3-bath single-family home for sale in Redmond WA 98053. On Prevu for 6 days at $1,299,000. This property features 3,040 square feet of living space, located in Union Hill-Novelty Hill. The median listing price for single-family homes in this area is $1,495,000. Nearby schools include Alcott Elem Elementary School, Evergreen Middle, and Eastlake High. Property amenities include pets allowed, parking, and washer/dryer. View other single-family home listings in King County.

Based on information from NWMLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.