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. The 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.
Listing Provided Courtesy of Barry Andersen, Windermere Real Estate Co.
General Information
NWM2441246
Land
5
DOM
0.38 acres
0
Residen
Snohomish
Terrace Park Sc
Alderwood Mid
Mountlake Terra
Land
Land
Listing Provided Courtesy of Barry Andersen, Windermere Real Estate Co.
Krishna Realty data last checked: Nov 25, 2025 11:31 | Listing last modified Oct 15, 2025 22:27,
Source:
Download our Mobile app
Residence Information
0
40 - Res-Less thn 1 Ac
Features and Utilities
Available
Available
Financial
6000
Cash Out, See Remarks
10-10-2025
Comparable Information
5
5
Cash Out, See Remarks
$895,000
$895,000
Oct 15, 2025 22:27
Schools
Elementary : Terrace Park ScN/ARatings Middle : Alderwood Mid N/ARatings High : Mountlake TerraN/ARatings
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. The 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.
