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23902 48th Avenue W Mountlake Terrace WA 98043

$ 895,000

4 | 2 | 1866 Sq Feet Send Me Updates On This Property

Listed By: Windermere Real Estate Co.

Listing ID

#2442373

Property Type

Single Family Residence

County

Snohomish

Neighborhood

Mountlake Terrace

Year Built

1951

Days on website

Description

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. An 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.

Location

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Financial Information

List Price: $ 895000

Taxes: $ 6000

Property Features

MLSAreaMajor: 730 - Southwest Snohomish

City: Mountlake Terrace

Subdivision Name: Mountlake Terrace

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Direct link: https://www.searchproperties.eastsiderealestate.org/listings/direct/8629c02073dd43a230969afb16f6dd6f

Listed By: Windermere Real Estate Co. 206-524-1100

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Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID.

IDX information is provided exclusively for consumers' personal non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.

Based on information submitted to the MLS GRID as of Thursday, November 6, 2025 4:07 AM.

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. Properties displayed may be listed or sold by various participants in the MLS.

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