All homes

$2,495,000

7915 240th Street

Edmonds, WA 98026

Active
Territorial view

Beds

Baths

Sq Ft

Lot

0.90 ac

Year built

Type

Land

Days listed

30

MLS #

2564895

About this home

Exceptional 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.

Property details

View
Territorial
Lot
Paved, Secluded
Water source
On Property
Sewer
On Property
Utilities
Electricity Connected, Natural Gas Available

Costs

Annual taxes
$7,826 (2026)

Estimate your monthly payment

$13,268/mo

Principal & interest
$12,616
Property taxes
$652
Loan amount $1,996,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Edmonds, WA 98026

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere R.E. Shoreline— J.C. Gagnaire.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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