Rare opportunity to build on a 50' x 115' (approximately 5,750 SF) hillside lot on Magnolia's eastern slope. Approximately 35-40 feet of elevation change supports the multilevel design approach found in neighboring view homes, with garage access at street level and upper living areas oriented toward potential views of Elliott Bay, the Ship Canal, Ballard and the Cascade Mountains. Conceptual studies illustrating one possible design approach and potential upper-level views are available; plans are conceptual and have not been approved or permitted.Quiet residential setting with convenient access to Downtown Seattle, South Lake Union, the Expedia campus, Interbay and Ballard. Near Lawton Elementary, Lawton Park, Magnolia Village, and connections to the Ship Canal and Elliott Bay trails.Prior site and topographic materials and a 2016 geotechnical report are available for preliminary review. Utilities are available in the street.NR zoning offers an opportunity for a distinctive custom residence or other potential development. Buyer to independently verify zoning, allowable unit count, development feasibility, utilities, views and all site conditions.Seller is a licensed real estate broker in the State of Washington.