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.
Active
Listed by: Windermere R.E. Shoreline • JC Gagnaire
$2,495,000
7915 240th Street SW, Edmonds, WA 98026
2beds
3,241sqft
Single Family Residence
Built in 1955
0.9 Acres Lot
$-- Zestimate®
$770/sqft
$-- HOA
What's special
- --
- on Zillow
- 126
- views
- 2
- saves
Zillow last checked:
Listing updated:
Listed by:
JC Gagnaire,
Windermere R.E. Shoreline
Source: NWMLS as distributed by MLS GRID,MLS#: 2572651
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Lower
Heating
- Fireplace, See Remarks, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Refrigerator(s), Washer(s)
Features
- Flooring: Vinyl, Carpet
- Basement: Daylight
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 3,241
- Total interior livable area: 3,241 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Attached Garage
- Has attached garage: Yes
- Covered spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Fireplace
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.9 Acres
- Features: Paved, Secluded, Fenced-Fully
- Topography: Partial Slope
- Residential vegetation: Wooded
Details
- Parcel number: 00452000400700
- Zoning: LDR-M
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subtype: Single Family Residence
Materials
- Brick, Wood Products
- Foundation: Block
- Roof: Composition
Condition
- Year built: 1955
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Lake Ballinger
Location
- Region: Edmonds
Financial & listing details
- Price per square foot: $770/sqft
- Tax assessed value: $982,000
- Annual tax amount: $7,826
- Date on market: 8/21/2026
- Listing terms: See Remarks
- Inclusions: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Listed for sale | $2,495,000+292.9%$770/sqft |
Source:  NWMLS as distributed by MLS GRID #2564895 Report a problem | ||
| 9/13/2009 | Listing removed | $635,000$196/sqft |
Source: Keller Williams Realty - Bothell #29043440 Report a problem | ||
| 4/4/2009 | Listed for sale | $635,000$196/sqft |
Source: Keller Williams Realty - Bothell #29043440 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,826 +24.2% | $982,000 +9.8% |
| 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
Est. payment
Payment breakdown
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Neighborhood: 98026
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