About this home

Rare development or custom project opportunity on a prime 6,000 sq. ft. level corner lot with alley access, directly adjacent to Magnolia’s 534-acre Discovery Park. Tucked on a quiet, tree-lined street just steps from local grocery stores, dining, and transit lines, this versatile property offers immediate charm and long-term potential. Marketed primarily for its value-in-land, a pre-completed development feasibility study is available, outlining a 4-unit townhouse concept featuring spacious floor plans over 2,000 sq. ft. each with dedicated one-car garages. Attached site plan, survey, PAR, arborist report, and WAC documentation are available upon request to accelerate your due diligence. The existing 2-bedroom, 1-bath classic bungalow presents a sunny, fully fenced backyard with fruit trees and garden space—ideal as a rental during permitting, a candidate for a full renovation with a DADU, or a clean slate for complete redevelopment. Whether you are an investor, builder, or creative homeowner, this exceptional location provides the perfect balance of serene natural surroundings and seamless access in the heart of Magnolia.

Around this home

Property details

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Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.

Seattle School District

• Lawton Elementary School

  Public · Grades K-5 · State rank 83 of 1,160
  10/10
• Mc Clure Mid

  Public · Grades Middle
  —
• Ballard High School

  Public · Grades 9-12 · State rank 45 of 438
  8/10

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.

Source: 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

A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.

Market pulse

Seattle is a seller's market.

Inventory is low and competition is high. Sellers have more negotiating power.

• Offer insight: Well-priced homes draw multiple offers; others sell close to asking.

• List to sale price: The average home sells very close to list price.

• Time on market: The average home goes pending in around 26 days.

Market data from MLS GRID / NWMLS · Updated Sep 2026