7917 240th St SW, Edmonds, WA 98026

For sale is almost an acre in Edmonds, WA where you can have a new home, or build up to 16 homes under City ordinance. There is one existing '50's-era duplex home presently on the property, with the upper unit refurbished in 2016. Build in another location on the property, or demo and build in situ. This was a holly tree plantation before the existing home. Owner has carefully tended all trees on the property, which are up to 80 years old. The property is within 1/4 mile of a bus stop and thus under Edmonds Ordinance 16.20 (edmonds.municipal.codes/ECDC/16.20) one can build up to 16 units on this tract, 4 units/8,000sqft, which leaves a partial lot that can be divided amongst the units as preferred. Buyer is responsible for all due diligence. The next-door neighbor has built 4 homes on his same-sized lot which are on the market for $2.4m each. (7901-13 240th St SW) Units 1 and 4 there have sold.