Exceptional Newcastle development opportunity on a rare twenty-two thousand five hundred square feet (approximate) lot. Ideal for builders, investors, or homeowners seeking expansion potential. Property offers outstanding possibilities for short-platting, multi-unit development, accessory dwelling units and detached accessory dwelling units, or creating a multi-generational compound. Existing two-story home sits toward the back of the lot, providing natural separation for future structures and maximizing land-use flexibility. Home features nearly two thousand seven hundred sixty square feet with a chef’s kitchen equipped with stainless refrigerator, Dacor, and Wolf appliances, warm cedar accents, Pergo flooring, fireplace, and an oversized two plus car garage with recreational vehicle-height door. Large deck overlooks the expansive grounds. Level topography, utilities on site, and a highly walkable location near shopping, cafes, library, trails, and transit make this an exceptional canvas for redevelopment or long-term investment. Opportunities like this are increasingly rare in Newcastle—bring your vision and unlock the full potential of this premier property. Seller is Washington State Real Estate Broker.