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JRJeff ReynoldsCompass · Seattle

Listed by Faramarz Ghoddoussi, Realty One Group Enterprise

3,553
Square feet
$2,955
Per sq ft
Multi Family
Type
1949
Year built
49,679 sq ft
Lot
67
Days on market

About this property

This 1.13-acre development site in the heart of City of Woodinville is fully entitled and approved for 161 units, allowing you to skip years of permitting - with the heavy lifting already done. The development site spans across five contiguous lots consisting of a strong multifamily submarket demand drivers with high desirable community in the city. Woodinville is consistently ranked as Washington’s best place to live, offering a wealthy resident base and easy access to major employers like Microsoft, SpaceX, and the Bothell University of Washington and biotech hub. With a massive shortage of housing in the area and quick access to I-405, this project is perfectly positioned to meet the high demand for luxury living. This is a rare, high-reward opportunity to enter a top-tier market with all the heavy lifting already finished.

Location & commute

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Directions

Property details

Listing details

Listing number
#2519748
Listed
May 7, 2026
Days on market
67
Price per sq ft
$2,955

Unit & building

Stories in building
7

Parking

Covered spaces
230
Total spaces
230

Views

View
Territorial

Construction

Year built
1949
Style
56 - 10+ Units
Structure
Multi Family
Roof
See Remarks

Heating & cooling

Heating
See Remarks
Cooling
See Remarks
Energy source
ElectricNatural Gas

Lot

Lot features
Corner LotPavedValue In Land
Lot size
49,679 sq ft

Terms

Terms offered
Cash

Utilities

Water
Woodinville Water District
Sewer
Woodinville Water District
Power
Puget Sound Energy

Schools

District
Northshore
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

What stands out to you?

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  • Territorial
  • Multi Family
  • See Remarks
  • Electric
  • Natural Gas
  • Corner Lot
  • Paved
  • Value In Land
  • Cash

Listing history

  1. Listed

    $10,500,000

    May 7, 2026

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

$61,144

Principal & interest
$53,094
Property tax (est.)
$8,050

Assumes $2,100,000 down (20%), a $8,400,000 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 11:15 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.