Exceptional development opportunity in Edmonds. Nearly one acre with LDR-M zoning supporting detached homes, townhomes, cottage housing, ADUs, duplexes, triplexes, and fourplexes. Subdividable and capable of yielding four building lots. Zoning may allow up to sixteen homes (buyer to verify). A similar sized lot adjacent to this site was recently developed, highlighting the feasibility of new construction in this 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 versatility for multiple 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 Park. Existing home on site. Primary value is in the land. Property sold as is. Buyer to verify all development potential, zoning, feasibility, and intended use.
Active
Listed by: Windermere R.E. Shoreline • JC Gagnaire
$2,495,000
7915 240th Street SW, Edmonds, WA 98026
--beds
--baths
0.9Acres
Unimproved Land
Built in ----
0.9 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Nearly one acre
- 6 days |
- 53 |
- 1 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
JC Gagnaire,
Windermere R.E. Shoreline
Source: NWMLS as distributed by MLS GRID,MLS#: 2564895
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.9 Acres
- Features: Paved, Secluded
- Topography: See Remarks
- Residential vegetation: See Remarks
Details
- Parcel number: 00452000400700
- Zoning: LDR-M
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: Available
- Sewer: On Property
- Water: On Property
- Utilities for property: Electricity Connected, Natural Gas Available
Community & HOA
Community
- Subdivision: Lake Ballinger
Location
- Region: Edmonds
Financial & listing details
- Tax assessed value: $894,700
- Annual tax amount: $7,826
- Date on market: 8/5/2026
- Cumulative days on market: 8 days
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$3,113/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Listed for sale | $2,495,000+292.9% |
Source:  NWMLS as distributed by MLS GRID #2564895 Report a problem | ||
| 9/13/2009 | Listing removed | $635,000 |
Source: Keller Williams Realty - Bothell #29043440 Report a problem | ||
| 4/4/2009 | Listed for sale | $635,000 |
Source: Keller Williams Realty - Bothell #29043440 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,301 +2.9% | $894,700 +3.2% |
| 2023 | $6,121 +0% | $867,300 -3.5% |
| 2022 | $6,120 -12.2% | $898,600 +6.7% |
| 2021 | $6,974 +7.6% | $842,300 +6.8% |
| 2020 | $6,480 -10.3% | $788,500 +1.4% |
| 2019 | $7,220 | $777,400 +55.5% |
| 2018 | -- | $500,000 +15.5% |
| 2017 | $4,961 +60.6% | $433,000 +32% |
| 2016 | $3,088 | $328,000 +15.9% |
| 2015 | $3,088 +66.9% | $283,000 +76.9% |
| 2013 | $1,851 | $160,000 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2002 | -- | -- |
| 2001 | $2,411 -1.2% | $190,400 |
| 2000 | $2,440 | $190,400 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 98026
Nearby schools
GreatSchools rating
- 6/10Westgate Elementary SchoolGrades: K-6Distance: 1.5 mi
- 4/10College Place Middle SchoolGrades: 7-8Distance: 2 mi
- 6/10Edmonds Woodway High SchoolGrades: 9-12Distance: 1.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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