DEVELOPER’S DREAM Prime 16,500 sq. ft. corner lot in Mountlake Terrace offering three potential building parcels, each eligible for two residences under the city’s newly adopted development ordinance. The property has already been surveyed, with a Geotechnical Evaluation and two preliminary site designs available—illustrating flexible three-parcel configurations. An existing 4-bedroom, 2-bath, 1,866 sq. ft. home sits on the property and could be revitalized while pursuing subdivision or redevelopment. Whether you’re looking to build multiple new homes, phase your project, or leverage the corner lot visibility, this property delivers exceptional potential and value in one of the region’s now most development-forward cities.
Active
Listed by:
Barry Andersen,
Windermere Real Estate Co.
$895,000
23902 48th Avenue W, Mountlake Terrace, WA 98043
4beds
1,866sqft
Est.:
Single Family Residence
Built in 1951
0.38 Acres Lot
$840,400 Zestimate®
$480/sqft
$-- HOA
What's special
Corner lot
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