12631 Ruggs Lake Road, Everett, WA 98208
Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by: edwin g. tian
Office: green path real estate
MLS#:2581868
Source:NWMLS
12631 Ruggs Lake Road,Everett, WA 98208
$950,000
- 4 Beds
- 3 Baths
- 2,335 sq. ft.
- Single family
- First Look
Price summary
- Price:$950,000
- Price per sq. ft.:$406.85
About this home
Prime Investment & Development Opportunity in South Everett's Ruggs Lake Community! Rare 1.23-acre (53,579 SF) lot zoned LDMR, allowing 1 unit per 4,000 SF — with rezone potential to MR (1 unit per 2,000 SF), doubling density for townhome or multi-unit development. Based on current zoning, an estimated 10–16 units may be buildable on this lot (buyer to verify with Snohomish County Planning Department). This is a rare opportunity to secure a sizable, flexible parcel in a well-established neighborhood with strong rental demand and limited comparable inventory. Spacious 4-bed, 2.5-bath home (2,335 SF), sold as-is, currently vacant with rental potential of approximately $3,000/mo, offering holding income while permitting and entitlements are finalized. Sewer available in street, simplifying future development costs. Tucked on a quiet dead-end road with community access to Ruggs Lake, the property offers a peaceful setting while remaining minutes from Mill Creek Town Center, shopping, dining, and major employers. With Snohomish County's continued population growth and rising demand for multi-family housing, this property offers a compelling blend of immediate utility and long-term development upside. Ideal for developers pursuing a multi-unit build-out, or investors seeking a buy-and-hold asset with significant appreciation potential. Buyer and buyer's agent to independently verify zoning, unit count, and development feasibility with Snohomish County....
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Home facts
- Year built:1973
- Subdivision & Development:Riverside
- Listing ID #:2581868
- Updated:October 24, 2026 at 03:58 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:1
- Flooring:Carpet, Ceramic Tile Floor, Hardwood
- Kitchen Description:Microwave, Refrigerator
- Bedroom Description:Lower Level Bedrooms : 1, Upper Level Bedrooms : 3
- Living area:2,335 sq. ft.
Heating and cooling
- Heating:Heat Pump
Structure and exterior
- Roof:Composition
- Year built:1973
- Building area:2,335 sq. ft.
- Lot area:1.23 Acres
- Lot Features:Dead-end Street, Open Space, Paved
- Architectural Style:Traditional
- Construction Materials:Wood Exterior Finish
- Exterior Features:Deck, Fenced-Partially, Patio
- Foundation Description:None
- Levels:Multi/Split
Schools
- High school:Cascade High
- Middle school:Eisenhower Mid
- Elementary school:Penny Creek Elem
Utilities
- Water:Public
- Sewer:Available, Septic Tank
Finances and disclosures
- Price:$950,000
- Price per sq. ft.:$406.85
- Tax amount:$7,602 (2026)
Features and amenities
- Appliances:Refrigerator
- Amenities:Cable TV, Ceiling Fan(s), Water Heater
Parking
- Total parking spaces:2
- Parking description:Attached Garage, RV Parking
- Garage:Yes
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