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JRJeff ReynoldsCompass · Seattle

2816 SW Dakota Street, Seattle, WA 98126

Listed by Vincent Mason, HomeSmart Real Estate Assoc

Active95 days on market

Originally $950,000

Reduced $75,000 · 8%

$875,000

2816 SW Dakota Street, Seattle, WA 98126

Seattle, WA, 98126

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Jeff Reynolds · Managing Broker, Compass

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Land
Type
7,650 sq ft
Lot
95
Days on market

About this property

Prime Development Opportunity – LR1 (M) Zoning | Value in Land Attention builders, investors, and developers—exceptional opportunity in West Seattle! This ~7,650 sq ft lot is zoned LR1 (M), offering strong potential for townhouse-style development or multiple-unit construction (buyer to verify). The existing structure is a complete teardown and is being sold strictly as-is. The true value is in the land and the favorable zoning, making this an ideal site for your next project. Located in a desirable and rapidly evolving area, the property is surrounded by residential growth and new construction. Convenient access to major commuter routes, local amenities, and West Seattle hotspots enhances long-term value and marketability. Whether you’re looking to develop now or hold as a strategic investment, this is a rare opportunity to capitalize on LR1 zoning in a high-demand Seattle location. Bring your plans and vision—opportunities like this are becoming increasingly scarce!

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2526266
Listed
May 7, 2026
Days on market
95
Original list price
$950,000

Construction

Style
42 - Multi-Family
Structure
None

Lot

Lot size
7,650 sq ft

Terms

Terms offered
Cash

Utilities

Utilities
Electricity ConnectedNatural Gas Available
Water
AvailableOn Property
Sewer
AvailableOn Property

Schools

District
Seattle

Listing history

  1. Listed

    $950,000

    May 7, 2026

  2. Current price

    $875,000

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

$5,095

Principal & interest
$4,424
Property tax (est.)
$671

Assumes $175,000 down (20%), a $700,000 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 August 11, 2026 at 7:15 AM 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.