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JRJeff ReynoldsCompass · Seattle

Listed by Teri Chanturiya, Armada Homes Real Estate LLC

6
Bedrooms
1
Bathrooms
4,120
Square feet
$485
Per sq ft
Single Family Residence
Type
1944
Year built
111,513 sq ft
Lot
71
Days on market

About this property

Significant price reduction for a prompt sale. Seller is seeking a clean offer with no feasibility period and no extended closing timeline. Rare and compelling development opportunity with substantial land value. Per preliminary feasibility, the site may support 9 single-family homes, 20 cottages, or 26 townhomes. Preliminary feasibility package available upon request. Buyer to verify all information and development potential to their own satisfaction Property currently includes 2 existing single-family homes: a 3,070 sq ft main residence built in 1944 with 4 bedrooms, 2.5 baths, 2 fireplaces, 500 sq ft basement, forced air heat, open porch, and attached 580 sq ft garage; and a second home built in 1989 with 1,120 sq ft, 2 bedrooms, 1 bath, basement, electric baseboard heat, and attached 1,400 sq ft garage. Public utilities are available. Both homes are in average condition. Ideal for builders, developers, or investors looking for a property with multiple potential exit strategies. Buyer to complete all due diligence regarding feasibility, zoning, density, utilities, permits, and entitlement requirements.

Location & commute

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Directions

Property details

Listing details

Listing number
#2499125
Listed
March 30, 2026
Days on market
71
Price per sq ft
$485
Original list price
$2,700,000

Unit & building

Unit levels
Multi/Split

Parking

Parking
Attached GarageRV Parking
Covered spaces
6
Total spaces
6

Construction

Year built
1944
Style
15 - Multi Level
Structure
House
Roof
Composition

Heating & cooling

Heating
Baseboard
Cooling
None
Energy source
Electric

Lot

Lot features
PavedSecludedValue In Land
Lot size
111,513 sq ft

Terms

Terms offered
CashConventionalFHARehab LoanState BondUSDA LoanVA Loan

Utilities

Water
Public
Sewer
Available

Schools

District
Lake Washington
Elementary
Muir Elem
Middle
Kamiakin Middle
High
Juanita High

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Multi/Split
  • Attached Garage
  • RV Parking
  • House
  • Composition
  • Baseboard
  • None
  • Electric
  • Paved
  • Secluded
  • Value In Land
  • Cash

Listing history

  1. Listed

    $2,700,000

    March 30, 2026

  2. Current price

    $2,000,000

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$11,646

Principal & interest
$10,113
Property tax (est.)
$1,533

Assumes $400,000 down (20%), a $1,600,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 11:01 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.