23902 W 48th Avenue #5, Mountlake Terrace, WA 98043

Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by:barry andersen
Office:windermere real estate co.
MLS#:2441246
Source:NWMLS
23902 W 48th Avenue #5,Mountlake Terrace, WA 98043
$895,000
  • 0.38 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$895,000

About this home

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. The 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.

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Home facts

  • Listing ID #:2441246
  • Updated:October 10, 2025 at 06:53 PM

Structure and exterior

  • Lot area:0.38 Acres

Schools

  • High school:Mountlake Terrace Hi
  • Middle school:Alderwood Mid
  • Elementary school:Terrace Park Sch

Utilities

  • Water:Available
  • Sewer:Available

Finances and disclosures

  • Price:$895,000
  • Tax amount:$6,000 (2025)
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