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Listed by:Windermere R.E. Shoreline • J.C. Gagnaire
$2,495,000
Est. payment /mo
0.9 Acres Lot
Active
7915 240th ST SW Edmonds, WA 98026
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Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Lake Ballinger
MLS Listing ID 2564895
Style 40 - Res-Less thn 1 Ac
Annual Tax Amount $7,826
Lot Size 0.900 Acres
Property Sub-Type Land
Property Description
Exceptional opportunity in Edmonds offering nearly one private, wooded acre with mature trees, an existing two story home, and compelling development possibilities. LDR-M zoning supports a range of housing types, including detached homes, townhomes, cottage housing, ADUs, duplexes, triplexes, and fourplexes, with development possibilities of up to sixteen homes. The existing home offers flexibility for continued residential use, while the lower level provides an opportunity for additional living space or future rental income with further improvements. A similar sized lot adjacent to the property was recently developed, demonstrating the variety of residential development occurring in the immediate area. All utilities, including water, sewer, and electricity, are on site. Generous dimensions with approximately 127 feet of frontage and 310 feet of depth provide flexibility for a variety of site plans. Ideally positioned near the King and Snohomish County line with quick access to Highway 99 and I 5. Close to schools, shopping, dining, multiple golf courses, the Interurban Trail, Mathay Ballinger Park, and Lake Ballinger. A rare combination of privacy, existing residential use, income possibilities, and long term development opportunity. Buyer to verify all development potential, zoning, feasibility, rental use, and intended use.
Location
State WA
County Snohomish
Area 730 - Southwest Snohomish
Interior
Fireplace false
Exterior
Utilities Available Electricity Connected, Natural Gas Available
View Y/N Yes
View Territorial
Building
Lot Description Paved, Secluded
Sewer On Property
Water On Property
Schools
School District Mukilteo
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
"Three Trees" icon indicates a listing provided courtesy of NWMLS.