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825 99th Ave SE
Lake Stevens, WA 98258
8.38 Acres Residential Development Land · Land For Sale
·
8.38 AC
Executive Summary
Prime 8.38-acre residential development site in the highly desirable Lake
Stevens submarket. Zoned R8–12, the property supports a range of mediumdensity
housing products including townhomes, duplexes, 3 plexs, 4 plexs,
cottage homes, and single-family development. Positioned in a supplyconstrained
market with strong population growth, this site offers developers
an opportunity to deliver needed housing.
PROPERTY HIGHLIGHTS
FOR SALE 8.38 ACRES RESIDENTIAL DEVELOPMENT LAND
Strong residential demand and rapid population growth. Family-friendly community with excellent schools and local amenities.
Easy access to Highway 9 and Highway 2 for commuting to Everett, Marysville, and the greater Seattle area.
Proximity to shopping, dining, parks, and the beautiful Lake Stevens waterfront.
Stevens submarket. Zoned R8–12, the property supports a range of mediumdensity
housing products including townhomes, duplexes, 3 plexs, 4 plexs,
cottage homes, and single-family development. Positioned in a supplyconstrained
market with strong population growth, this site offers developers
an opportunity to deliver needed housing.
PROPERTY HIGHLIGHTS
FOR SALE 8.38 ACRES RESIDENTIAL DEVELOPMENT LAND
Strong residential demand and rapid population growth. Family-friendly community with excellent schools and local amenities.
Easy access to Highway 9 and Highway 2 for commuting to Everett, Marysville, and the greater Seattle area.
Proximity to shopping, dining, parks, and the beautiful Lake Stevens waterfront.
Property Facts
1 Lot Available
Lot
| Price | $1,446,879 CAD | Lot Size | 8.38 AC |
| Price Per AC | $172,658.59 CAD |
| Price | $1,446,879 CAD |
| Price Per AC | $172,658.59 CAD |
| Lot Size | 8.38 AC |
8.38 Acres approx 40% yield.
Description
INVESTMENT HIGHLIGHTS •Zoned R8–12 – flexible residential density •Ideal for SFR's, 2-4 Plexes, Cottage Home clusters. •High-demand, low-inventory submarket •Strong absorption for new construction •In Lake Stevens, close to retail, and schools. DEVELOPMENT YIELD (Conceptual) R8–12 zoning suggests approximately 8–12 dwelling units per acre. Based on 8.38 acres at 40% potential yield ranges:Low Density (8 du/ac): ~27 units High Density (12 du/ac): ~40 units Final yield subject to setbacks, critical areas, access, and engineering.
Property Taxes
| Parcel Number | 004934-016-001-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,088,693 CAD | Total Assessment | $1,088,693 CAD |
Property Taxes
Parcel Number
004934-016-001-00
Land Assessment
$1,088,693 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,088,693 CAD
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