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16214 Larch Way 1.59 Acres of Residential Land Offered at $7,491,880 CAD in Lynnwood, WA 98087
Investment Highlights
- Fully Entitled Development Site in Lynnwood
- Planned Upscale Living Features
- Prime Connectivity
- Prime Transit-Oriented Location
- Comprehensive Amenity Package
- Strong Market Positioning & Townhome Sales
Executive Summary
Introducing Larch Way Townhomes at 16202, 16208, 16210, & 16214 Larch Way in Lynnwood, WA! This fully entitled development site offers a rare opportunity for 37 premium townhomes overlooking Martha Lake. The proposed units, averaging 1,847 square feet each, boast lakefront views and modern amenities tailored for contemporary living. With spacious floor plans, sleek finishes, and convenient features like electric car charging stations and smart-home technology, Larch Way Townhomes are designed to appeal to both rental and ownership markets, offering superior value compared to Seattle properties. Located in a transit-oriented suburban market near the Ash Way Park & Ride, Alderwood Mall, and Mill Creek Town Center, this development is poised to meet the increasing demand for well-connected communities with scenic surroundings and abundant amenities. Don't miss this unique investment opportunity!
- Larch Way features 37 proposed townhomes averaging 1,847 square feet near the future light rail station at Ash Way Park & Ride on the I-5 corridor, offering direct connectivity to Downtown Seattle.
- Preliminary plat and site plan approvals were issued in June 2025, providing a clear path to construction on this high-density residential-zoned property.
- The proposed units have larger, more efficient floorplans than typical Seattle townhomes with quartz countertops, stainless steel appliances, tiled walk-in showers, and contemporary finishes throughout.
- Amenities will include two-car side-by-side garages with integrated electric vehicle charging stations, flexible work-from-home spaces, smart home features including video doorbells, fenced-in ground-floor patios with decks offering panoramic Martha Lake views, and direct pedestrian access to Martha Lake Beach Park for recreational activities.
- The development benefits from proximity to the upcoming Ash Way light rail station at 164th St, providing regional transit connectivity; Martha Lake Beach Park sits directly across from the site offering recreational amenities from families, and Mill Creek Town Center's retail hub is less than a minute drive away.
- As buyers prioritize affordability and lifestyle over urban density, developers are following demand north of King County towards more transit-accessible communities.
- Recent comparable sales of similar-sized, quality townhouses in the area are achieving prices above $860,000.
- Larch Way features 37 proposed townhomes averaging 1,847 square feet near the future light rail station at Ash Way Park & Ride on the I-5 corridor, offering direct connectivity to Downtown Seattle.
- Preliminary plat and site plan approvals were issued in June 2025, providing a clear path to construction on this high-density residential-zoned property.
- The proposed units have larger, more efficient floorplans than typical Seattle townhomes with quartz countertops, stainless steel appliances, tiled walk-in showers, and contemporary finishes throughout.
- Amenities will include two-car side-by-side garages with integrated electric vehicle charging stations, flexible work-from-home spaces, smart home features including video doorbells, fenced-in ground-floor patios with decks offering panoramic Martha Lake views, and direct pedestrian access to Martha Lake Beach Park for recreational activities.
- The development benefits from proximity to the upcoming Ash Way light rail station at 164th St, providing regional transit connectivity; Martha Lake Beach Park sits directly across from the site offering recreational amenities from families, and Mill Creek Town Center's retail hub is less than a minute drive away.
- As buyers prioritize affordability and lifestyle over urban density, developers are following demand north of King County towards more transit-accessible communities.
- Recent comparable sales of similar-sized, quality townhouses in the area are achieving prices above $860,000.
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Property Facts
| Price | $7,491,880 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.59 AC |
| Property Type | Land | ||
| Zoning | MR | ||
| Price | $7,491,880 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.59 AC |
| Zoning | MR |
1 Lot Available
Lot
| Price | $7,491,880 CAD | Lot Size | 1.59 AC |
| Price Per AC | $4,711,874.10 CAD |
| Price | $7,491,880 CAD |
| Price Per AC | $4,711,874.10 CAD |
| Lot Size | 1.59 AC |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 003737-003-009-02 | Improvements Assessment | $0 CAD |
| Land Assessment | $999,789 CAD | Total Assessment | $999,789 CAD |
Property Taxes
Parcel Number
003737-003-009-02
Land Assessment
$999,789 CAD
Improvements Assessment
$0 CAD
Total Assessment
$999,789 CAD
Contacts
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Chad Blenz -
Mitchell Belcher -
Steven Chattin -
Jay Timpani -
Brandon Lawler -
Berkadia
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16214 Larch Way
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