23902 W 48th Avenue, Mountlake Terrace, WA 98043 (MLS # 2441246)
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Listing provided courtesy of Northwest MLS; Windermere Real Estate Co.
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DEVELOPER'S DREAM Prime 16,500 sq. ft. corner lot in Mountlake Terrace offering three potential building parcels, each eligible for two residences under the city's newly adopted development ordinance. The property has already been surveyed, with a Geotechnical Evaluation and two preliminary site designs available"”illustrating flexible three-parcel configurations. The existing 4-bedroom, 2-bath, 1,866 sq. ft. home sits on the property and could be revitalized while pursuing subdivision or redevelopment. Whether you're looking to build multiple new homes, phase your project, or leverage the corner lot visibility, this property delivers exceptional potential and value in one of the region's now most development-forward cities.
| LAST UPDATED | 10/10/2025 | TRACT | Mountlake Terrace |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Mountlake Terrace |
| COUNTY | Snohomish | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| Elementary School | Terrace Park Sch |
|---|---|
| Jr. High School | Alderwood Mid |
| High School | Mountlake Terrace Hi |
| ADDITIONAL DETAILS | |
| AREA | 730 - Southwest Snohomish |
|---|---|
| HEAT | None |
| LOT | 0.38 acre(s) |
| LOT DESCRIPTION | Corner Lot, Curbs, Paved |
| MLS STATUS | Active |
| STYLE | 40 - Res-Less thn 1 Ac |
| SUBDIVISION | Mountlake Terrace |
| TAXES | 6000 |
| UTILITIES | Electricity Connected, Natural Gas Available, Sewer Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| ZONING | Residential |
| SATELLITE VIEW |
| / | |
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/10/25 5:13 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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