Rare 4.8-acre Development Opportunity + an existing home! Owned by the same family since the 1950s, this prime 4.8-acre property is ready for its next chapter. Zoned R1 (allowing up to 10 units per acre) This offers incredible potential for developers, investors, or those seeking a private retreat. A 2-bedroom, 1-bath, 2,363 sq. ft. vintage bungalow (built in 1924) sits on the property, full of character and awaiting restoration. Live in it while planning your vision, renting it out, or starting fresh. The land is cleared, level, and primed for development, with city water and sewer easily accessible from the street. Nestled in a highly desirable neighborhood surrounded by upscale homes, this is a rare investment opportunity in a rapidly growing area. Conveniently located near shopping, dining, parks, and more, this is your chance to secure a versatile property with endless possibilities. Don’t miss out, call today for details! THIS IS AN ESTATE
Closed
$500,000
8919 N Cedar Rd, Spokane, WA 99208
3beds
1baths
--sqft
Single Family Residence
Built in 1924
4.83 Acres Lot
$501,300 Zestimate®
$--/sqft
$2,106 Estimated rent
Home value
$501,300
$471,000 - $536,000
$2,106/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 22, 2025 at 01:41pm
Listed by:
Lorrie Burnworth 509-844-8240,
eXp Realty, LLC
Source: SMLS,MLS#: 202515323
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
First floor
- Level: First
- Area: 2011 Square Feet
Other
- Level: Second
Heating
- Electric, Baseboard
Features
- Basement: Partial,Unfinished
- Number of fireplaces: 2
- Fireplace features: Insert, Wood Burning
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage Door Opener
- Garage spaces: 2
Features
- Levels: One and One Half
Lot
- Size: 4.83 Acres
- Features: Level, Open Lot, Oversized Lot, Surveyed
Details
- Parcel number: 26241.0019
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Composition
Condition
- New construction: No
- Year built: 1924
Community & neighborhood
Location
- Region: Spokane
Other
Other facts
- Listing terms: Conventional,Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/20/2025 | Sold | $500,000-16.5% |
Source:  SMLS #202515323 | ||
| 7/31/2025 | Pending sale | $599,000 |
Source: SMLS #202515323 | ||
| 7/15/2025 | Price change | $599,000-7.8% |
Source: SMLS #202515323 | ||
| 7/1/2025 | Price change | $650,000-10.3% |
Source: SMLS #202515323 | ||
| 6/2/2025 | Price change | $725,000-3.3% |
Source: SMLS #202515323 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,738 +26.3% | $485,180 +14.7% |
| 2023 | $3,751 -5% | $422,880 -3.9% |
| 2022 | $3,947 +9.1% | $440,020 +21% |
Find assessor info on the county website
Neighborhood: Five Mile-Prairie
Nearby schools
GreatSchools rating
- 7/10Prairie View Elementary SchoolGrades: K-5Distance: 0.8 mi
- 7/10Highland Middle SchoolGrades: 6-8Distance: 1.2 mi
- 8/10Mead Senior High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Prairie View
- Middle: Highland
- High: Mead
- District: Mead
Source: SMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$501,300
2% more+ $10,026
With Zillow Showcase(estimated)
$511,326