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12461 NE Woodinville Drive, Woodinville, WA, 98072

--beds
--baths
3,553sqft
$10,500,000
$2,955price/sqft
$61,596/moest. monthly cost
$2,463,840/yrincome needed

About This Home

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.

Getting Around

71
WalkingVery Walkable
0
TransitVery Limited Transit
49
BikeSomewhat Bikeable

Schools

5/10
8/10
10/10
Inglemoor High SchoolGrades 9-122.5 mi

Construction

Condition

  • Year built: 1949

Materials

  • Roof: See Remarks
  • Construction materials: See Remarks

Notable Dates

  • Major remodel year: 1949

Type & Style

  • Home type: MultiFamily
  • Architectural style: 10+ Units
  • Property subType: Multi Family

Interior

Heating

  • Heating features: See Remarks,Electric,Natural Gas

Interior Area

  • Total structure area: 3,553
  • Total interior livable area: 3,553 sqft

Property

Details

  • Parcel number: 9518100070
  • Zoning description: Commercial,Multi-Family,Office,Residential,Retail,Jurisdiction: City
  • Special condition: Standard

Features

  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 1.14 Acres
  • Features: Corner Lot,Paved,Value In Land

Parking

  • Total spaces: 230
  • Parking features: Garage
  • Attached garage spaces: 3
  • Covered spaces: 230