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Significant price reduction for a prompt sale. Seller is seeking a clean offer with no feasibility period and no extended closing timeline. Rare and compelling development opportunity with substantial land value. Per preliminary feasibility, the site may support 9 single-family homes, 20 cottages, or 26 townhomes. Preliminary feasibility package available upon request. Buyer to verify all information and development potential to their own satisfaction Property currently includes 2 existing single-family homes: a 3,070 sq ft main residence built in 1944 with 4 bedrooms, 2.5 baths, 2 fireplaces, 500 sq ft basement, forced air heat, open porch, and attached 580 sq ft garage; and a second home built in 1989 with 1,120 sq ft, 2 bedrooms, 1 bath, basement, electric baseboard heat, and attached 1,400 sq ft garage. Public utilities are available. Both homes are in average condition. Ideal for builders, developers, or investors looking for a property with multiple potential exit strategies. Buyer to complete all due diligence regarding feasibility, zoning, density, utilities, permits, and entitlement requirements.
Listed by Teri Chanturiya • Armada Homes Real Estate LLC
Listing updated: August 11, 2026 at 06:51am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2499131
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Aug 2026
Lake Washington School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
