New ListingExceptional opportunity in Edmonds offering nearly one private, wooded acre with mature trees, an existing two story home, and compelling development possibilities. LDR-M zoning supports a range of housing types, including detached homes, townhomes, cottage housing, ADUs, duplexes, triplexes, and fourplexes, with development possibilities of up to sixteen homes. The existing home offers flexibility for continued residential use, while the lower level provides an opportunity for additional living space or future rental income with further improvements. A similar sized lot adjacent to the property was recently developed, demonstrating the variety of residential development occurring in the immediate area. All utilities, including water, sewer, and electricity, are on site. Generous dimensions with approximately 127 feet of frontage and 310 feet of depth provide flexibility for a variety of site plans. Ideally positioned near the King and Snohomish County line with quick access to Highway 99 and I 5. Close to schools, shopping, dining, multiple golf courses, the Interurban Trail, Mathay Ballinger Park, and Lake Ballinger. A rare combination of privacy, existing residential use, income possibilities, and long term development opportunity. Buyer to verify all development potential, zoning, feasibility, rental use, and intended use.
| MLS # | 2593932 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 5 |
| Listing Provided By | Windermere R.E. Shoreline | J.C. Gagnaire |
| Zoning | LDR-M |
|---|---|
| Acreage | 0.90 |
| Property View | Yes |
| Property | 7826 |
|---|
| State | WA |
|---|---|
| County | Snohomish |
| City | Edmonds |
| Zip Code | 98026 |
| Area | 730 Southwest Snohomish |
| Community Name | Lake Ballinger |
| Listing VS Median (in Lake Ballinger) | |
Price: $2,250,000 low | high Med: $865,000 On site: 5 low | high Med: 62 | |
| State | WA |
|---|---|
| County | Snohomish |
| City | Edmonds |
| Zip Code | 98026 |
| Area | 730 Southwest Snohomish |
| Community Name | Lake Ballinger |
| Listing VS Median (in Lake Ballinger) | |
Price: $2,250,000 low | high Med: $865,000 On site: 5 low | high Med: 62 | |
![]() | $2,250,0007915 240th StreetEdmonds, WA 98026 |
![]() | $1,995,0007903 240th StreetEdmonds, WA 98026 |
![]() | $2,369,0007905 240th StreetEdmonds, WA 98026 |