23902 48th Avenue W, Mountlake Terrace, WA 98043

Local realty services provided by:Better Homes and Gardens Real Estate Macy & Co.
Listed by:barry andersen
Office:windermere real estate co.
MLS#:2442373
Source:NWMLS
23902 48th Avenue W,Mountlake Terrace, WA 98043
$895,000
  • 5 Beds
  • 2 Baths
  • 1,866 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$895,000
  • Price per sq. ft.:$479.64

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. 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.

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Home facts

  • Year built:1951
  • Listing ID #:2442373
  • Updated:October 10, 2025 at 06:53 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,866 sq. ft.

Heating and cooling

  • Heating:Hot Water Recirc Pump, Radiators

Structure and exterior

  • Roof:Composition
  • Year built:1951
  • Building area:1,866 sq. ft.
  • Lot area:0.38 Acres

Utilities

  • Water:Public
  • Sewer:Available, Sewer Connected

Finances and disclosures

  • Price:$895,000
  • Price per sq. ft.:$479.64
  • Tax amount:$6,000 (2025)
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