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Listed by: Edwin G. Tian (425) 829-6399 | Green Path Real Estate (206) 909-1044
$950,000
Monthly Est:$4,728
4 Beds
3 Baths1 full bath
2,335sqft
12631 Ruggs Lake Rd, Everett, WA 98208
$950,000
$4,728/moEst:
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Single Family Residence
Built in 1973
$-- HOA
1.23 acres lot
$407/sq.ft
Description
Prime Investment & Development Opportunity in South Everett's Ruggs Lake Community! Rare 1.23-acre (53,579 SF) lot zoned LDMR, allowing 1 unit per 4,000 SF — with rezone potential to MR (1 unit per 2,000 SF), doubling density for townhome or multi-unit development. Based on current zoning, an estimated 10–16 units may be buildable on this lot (buyer to verify with Snohomish County Planning Department). This is a rare opportunity to secure a sizable, flexible parcel in a well-established neighborhood with strong rental demand and limited comparable inventory. Spacious 4-bed, 2.5-bath home (2,335 SF), sold as-is, currently vacant with rental potential of approximately $3,000/mo, offering holding income while permitting and entitlements are finalized. Sewer available in street, simplifying future development costs. Tucked on a quiet dead-end road with community access to Ruggs Lake, the property offers a peaceful setting while remaining minutes from Mill Creek Town Center, shopping, dining, and major employers. With Snohomish County's continued population growth and rising demand for multi-family housing, this property offers a compelling blend of immediate utility and long-term development upside. Ideal for developers pursuing a multi-unit build-out, or investors seeking a buy-and-hold asset with significant appreciation potential. Buyer and buyer's agent to independently verify zoning, unit count, and development feasibility with Snohomish County.
- Houzeo last checked: 2 minutes ago
- Listing updated: October 24, 2026 at 11:47 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2581868
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1973
HOA Fees
-
Finished Area
2,335 sqft
Lot Size
1.23 acres lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2581868
MLS Status
Active
Days on Market
3
Cumulative Days on Market
2
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 3
Family Room
Level: Lower
Bedroom
Level: Lower
Bathroom Three Quarter
Level: Lower
Interior
Flooring
Ceramic Tile, Hardwood, Carpet
Heating
Heat Pump
Sewer
Available, Septic Tank
Interior Features
Bath Off Primary, Ceiling Fan(s), Dining Room, Fireplace, Water Heater
Cooling
Heat Pump
Exterior Features
Wood
Appliances
Microwave, Refrigerator, Stove(s)/range(s)
Construction
Year Built
Year Built: 1973
Home type
Single Family Residence
Roof
Composition
Architectural Style
Traditional
Foundation Details
Poured Concrete
Property Condition
Average
Construction Materials
Wood
Utilities & Energy
Basement
None
Security Features
Partially Fenced
Parking Features
Attached Garage, Rv Parking
Water Source
Public
Other Features
Subdivision Name
Riverside
Lot Features
Dead End Street, Open Space, Paved
Vegetation
Fruit Trees, Garden Space
Price History
| Date | Event | Price |
|---|---|---|
10/24/2026 Source: | Listed for Sale | $950,000 +46.15% $407/sqft |
03/15/2018 Source: | Sold | $650,000 $278/sqft |
Getting Around 12631 Ruggs Lake Rd
Bike Score®
Somewhat Bikeable
42/100
Walk Score®
Car-Dependent
18/100
Data provided by Redfin
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 27, 2026, 03:46AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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