This 1.13-acre development site in the heart of City of Woodinville is fully entitled and approved for 161 units, allowing you to skip years of permitting - with the heavy lifting already done. The development site spans across five contiguous lots consisting of a strong multifamily submarket demand drivers with high desirable community in the city. Woodinville is consistently ranked as Washington’s best place to live, offering a wealthy resident base and easy access to major employers like Microsoft, SpaceX, and the Bothell University of Washington and biotech hub. With a massive shortage of housing in the area and quick access to I-405, this project is perfectly positioned to meet the high demand for luxury living. This is a rare, high-reward opportunity to enter a top-tier market with all the heavy lifting already finished.
Active
Listed by: Realty One Group Enterprise • Far Ghoddoussi
$10,500,000
12461 NE Woodinville Drive, Woodinville, WA 98072
--beds
--baths
3,553sqft
Multi Family
Built in 1949
-- sqft lot
$-- Zestimate®
$2,955/sqft
$-- HOA
What's special
- 118 days
- 112
- 3
Zillow last checked:
Listing updated:
Listed by:
Far Ghoddoussi,
Realty One Group Enterprise
Source: NWMLS as distributed by MLS GRID,MLS#: 2519748
Facts & features
Interior
Heating
- See Remarks, Electric, Natural Gas
Cooling
- Has cooling: Yes
Features
- Has fireplace: No
Interior area
- Total structure area: 3,553
- Total interior livable area: 3,553 sqft
Property
Parking
- Total spaces: 230
- Parking features: Garage
- Garage spaces: 3
- Covered spaces: 230
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 1.14 Acres
- Features: Corner Lot, Paved, Value In Land
Details
- Parcel number: 9518100070
- Zoning description: Commercial,Multi-Family,Office,Residential,Retail,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subtype: Multi Family
Materials
- See Remarks
- Roof: See Remarks
Condition
- Year built: 1949
- Major remodel year: 1949
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: Woodinville Water District
- Water: Public, Company: Woodinville Water District
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Subdivision: Downtown Woodinville
Location
- Region: Woodinville
Financial & listing details
- Price per square foot: $2,955/sqft
- Annual tax amount: $37,000
- Date on market: 5/6/2026
- Cumulative days on market: 120 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/7/2026 | Listed for sale | $10,500,000$2,955/sqft |
Source:  NWMLS as distributed by MLS GRID #2519748 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Valley Industrial
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