About this property

Rare offering! The seller strongly prefers to sell this parcel together with the adjacent property (MLS #2551036), creating a combined 33,098 sq. ft. development opportunity in the highly desirable University Place School District. The neighboring property features a 4,520 sq. ft. mid-century fixer with good bones, an in-ground pool (currently not operational), and sits on a 24,326 sq. ft. double lot, offering exceptional potential for redevelopment, renovation, or the creation of a private estate. Located in the established Rolling Hills Estates neighborhood, this property offers a peaceful, private setting on a quiet street with no HOA, just minutes from shopping, dining, parks, and everyday conveniences. Based on preliminary discussions with consultants, buyers may choose to renovate the existing residence and pursue a Boundary Line Adjustment (BLA) which MAY enable buyer to build for two additional homes of approximately 3,200+ sq. ft. each. Alternatively, the combined properties MAY offer the potential for a larger redevelopment of up to six homes. Buyer to verify all development potential, buildability, subdivision feasibility, utility availability, permitting, and all information to their own satisfaction. June 2026 appraisal available upon request. Estate sale. Property is sold as-is with no warranties or representations by the seller or listing brokers.