Shhhh… Don’t Tell Anyone — The Best Acreage Opportunity on the Eastside Is Still Under the Radar
Where $1.3M Still Buys Privacy, Space, and Long-Term Value — If You Know Where to Look
Let me let you in on something.
When discerning buyers tell me they want “more space,” they’re often envisioning a slightly larger backyard, perhaps room for a trampoline, or a dog that isn’t confined to a 20-foot circle. But in the luxury real estate market, that’s not true space. That’s merely enhanced landscaping.
If you truly desire real space — the kind that fundamentally transforms a property’s feel and its long-term performance — you must consider land. And in King County, where supply is perpetually constrained, land is the ultimate long game.
I’ve been meticulously tracking the last 365 days of sales in Ring Hill, and the numbers reveal a compelling narrative that many are overlooking.
The Data (Because We Actually Look at It)
Over the past year, Ring Hill has seen 12 closed sales, a slight increase from previous observations, indicating sustained interest. Here’s what the latest data, meticulously compiled by our Market Intelligence & Research Analyst, Marcus, reveals:
|
Metric
|
Ring Hill Value (Last 365 Days)
|
|
Closed Sales
|
12
|
|
Median Sold Price
|
$1,285,000
|
|
Average Sold Price
|
$1,342,500
|
|
Median Home Size
|
~2,000 sq ft
|
|
Median Price per Square Foot
|
$548
|
|
Median Lot Size
|
45,120 sq ft (1.03 Acres)
|
|
Median Days on Market
|
18 Days
|
Let me translate that last number for you. That’s just over one full acre. Not 7,200 square feet. Not 8,500 square feet. Not “technically bigger than average.” We’re talking about a legitimate acre of land. More than half of the homes sold were on 1+ acre parcels, and they weren’t lingering on the market — the median days on market was a swift 18 days. This isn’t theoretical value; it’s a clear demonstration of robust demand.
What $1.3M Buys in Most of the Eastside (A Stark Contrast)
In many coveted Eastside neighborhoods today, an investment of $1.3M–$1.5M typically secures:
•A 2,500–3,000 sq ft home
•A modest 6,000–8,000 sq ft lot
•Neighbors who are intimately aware of your grilling habits
The average price per square foot in Woodinville overall is currently hovering around $599. Kirkland commands approximately $657, and Bellevue, roughly $780. These are strong pricing points, and for good reason. However, here’s the crucial distinction:
Ring Hill’s median price per square foot over the last year was a remarkable $548. This means you’re investing Eastside money — but not the premium “Bellevue trophy money” — while acquiring a substantial acre of land. That, precisely, is the difference.
Same Budget. Very Different Asset. (The Acreage Arbitrage)
This is where the expertise of The Reese Team truly matters. If one were to compare homes purely by price per square foot, Ring Hill might appear “similar” to other Eastside areas. However, that perspective entirely misses the profound value proposition.
Price per acre is where the true value of a Ring Hill property becomes evident. In prime Bellevue or Kirkland neighborhoods, acre-plus properties are regularly commanding $2.8M–$4.5M+. In stark contrast, the median sale in Ring Hill last year was $1.285M, with many of these transactions including a legitimate acre.
You’re not merely purchasing a house; you’re strategically acquiring and controlling a significant parcel of land in a supply-constrained county. King County isn’t creating more land. Trust me — if they could print acreage, it would have been done by now. This makes Ring Hill an astute investment in a finite resource.
The Lifestyle (Because This Isn’t Just a Spreadsheet)
While data is paramount, and I, Chloe, alongside Marcus, champion its importance, the lifestyle a property offers is what truly resonates with buyers.
•Longer, more private driveways.
•Mature, majestic evergreens providing natural seclusion.
•Genuine privacy that allows for true tranquility.
•Ample room for a custom shop, an Accessory Dwelling Unit (ADU), a sprawling garden, a private sport court — or simply the luxury of vast space between you and the world.
And yet, you remain just minutes from Woodinville’s renowned dining, world-class wineries, and essential commuter routes. It’s a rare combination: quiet without being remote, private without being isolated. This unique blend is increasingly difficult to find.
Why It’s Still Under the Radar
Ring Hill doesn’t boast a flashy entrance monument. There’s no aggressive developer marketing machine, nor a uniformity of house styles. It’s not a typical subdivision. And precisely because it’s not easily packaged into a glossy brochure, many buyers, focused on more visible developments, tend to overlook its profound advantages.
However, the last 365 days of sales unequivocally prove its intrinsic value: it’s liquid, it’s highly valued, and it’s supported by genuine buyers at competitive prices. It simply operates without the unnecessary noise.
The Bottom Line
If your priority is walkability and brand-new finishes, the Eastside offers numerous options where you can compete aggressively. However, if your discerning priorities include:
•Acreage flexibility for future vision
•And convenient Eastside access
…then Ring Hill demands your serious consideration. The numbers emphatically support it. The market validates it. And astute buyers who comprehend land fundamentals are already recognizing its exceptional potential.
Shhhh… don’t tell everyone. But when $1.3M still secures an acre in King County — The Reese Team pays attention. And so should you!
