$349,950
Est. $1,938/moPrice reduced $50,000 from the original $399,950 asking price
12149 Des Moines Memorial Drive S, Seattle, WA 98168
• Listed Feb 4, 2026•212 days active · 212 cumulative
Listing Broker: WPI Real Estate Services, Inc.; Tina Lee; 425-263-1888; tina@wpirealestate.com
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Listing Broker: WPI Real Estate Services, Inc.; Tina Lee; 425-263-1888; tina@wpirealestate.com
About this home
Rare opportunity to acquire a 7-unit townhome development site. This property features 21,246 sq. ft. of cleared land with conditional approval, ready for development. The lot has been previously cleared with an existing access way, reducing pre-construction work and allowing for a quicker build. Located in a vibrant Burien community, the site offers easy access to Seattle, Sea-Tac Airport, and major transportation routes, making it highly attractive for modern townhome development. Perfect for builders or investors looking to capitalize on the strong demand for multi-family housing, this site combines location, readiness and investment potential. Priced for a quick sale, opportunities like this are rare in the Seattle metro area. Don’t miss your chance to develop high quality townhomes in a growing market!
Listed by Tina Lee • WPI Real Estate Services, Inc.
Listing updated: September 17, 2026 at 11:40am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2476887
Around this home
How much should you offer?
12149 Des Moines Memorial Drive S, Seattle, WA 98168
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Multi-Family
Schools
Ratings via SchoolDigger- Hilltop ElementaryPublic · Grades PK-5 · 0.5 mi · State rank 1,059 of 1,1381/10
- Glacier Middle SchoolPublic · Grades 6-8 · 1.2 mi · State rank 509 of 5141/10
- Innovation Heights AcademyPublic · Grades 9-12 · 0.6 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 0.49 acres
- Lot square feet
- 21,246 sq ft
- Lot number
- 25
- Block
- 6
Zoning & use
- Zoning description
- See Remarks
- Zoning jurisdiction
- City
- Possible use
- See Remarks
Utilities
- Utilities
- Electricity Available, Natural Gas Available
- Electricity
- Available
- Gas
- Available
- Water
- Available
- Sewer
- Available
Road & access
- Road information
- Dirt
Surveys & reports
- Sketch submitted
- No
Water & irrigation
- Waterfront
- No
- Irrigation water rights
- No
Taxes & assessment
- Annual taxes
- $3,246
- Tax year
- 2025
- Senior exemption
- No
- Financing
- Cash, See Remarks
- Seller disclosure
- Not Provided
- Preliminary title ordered
- Yes
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 12149 Des Moines Memorial Drive S
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Sep 17, 2026Price reducedNWMLS via MLS Grid · #2476887$349,950
- Feb 4, 2026ListedNWMLS via MLS Grid · #2476887$399,950
- Jul 27, 2022Recorded saleKing County recorder · Warranty deed$500,000
- Mar 23, 2021Recorded saleKing County recorder · Warranty deed$400,000
- Dec 26, 2012Recorded saleKing County recorder · Special warranty deed$70,000
Down payment assistance
7 programs may be available to provide you with up to $110,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$2,296 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: WPI Real Estate Services, Inc.; Tina Lee; 425-263-1888; tina@wpirealestate.com
Market pulse
Seattle is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 63 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 21, 2026 at 6:17 AM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
