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Street View
Listed by: Kimberly Shaeffer (206) 475-6500 , Andy Sather (206) 234-4897 | John L. Scott, Inc. (206) 527-0700
$799,000
Monthly Est:$3,977
3 Beds
1 Bath1 full bath
1,100sqft
5507 240th Street SW, Mountlake Terrace, WA 98043
$799,000
$3,977/moEst:
Get Pre-Approved
Single Family Residence
Built in 1950
$-- HOA
7,841 sqft lot
$726/sq.ft
Description
Exceptional redevelopment opportunity in the heart of Mountlake Terrace. This 7,800+ SF corner property is located just blocks from the Mountlake Terrace Link light rail station and downtown, with desirable BC/D zoning offering significant long-term potential. The property is currently improved with an existing residence and occupied by a long-standing month-to-month tenant, providing income while a buyer evaluates future plans. An excellent opportunity for a developer, investor, or owner looking to secure a strategically located property in one of Mountlake Terrace's evolving transit-oriented areas. Buyer to verify zoning, development potential, permitted uses, and all information to buyer's satisfaction. Please do not disturb tenant or walk the property without prior permission.
- Houzeo last checked: 12 hours ago
- Listing updated: September 30, 2026 at 8:05 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2572307
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1950
HOA Fees
-
Finished Area
1,100 sqft
Lot Size
7,841 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2572307
MLS Status
Active
Days on Market
45
Cumulative Days on Market
44
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathroom: 1
Dining Room
Level: Main
Family Room
Level: Main
Kitchen Without Eating Space
Level: Main
Living Room
Level: Main
Bedroom
Level: Main
Bedroom
Level: Main
Bedroom
Level: Main
Bathroom Full
Level: Main
Interior
Flooring
Vinyl Plank
Exterior Features
Cement/concrete
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1950
Home type
Single Family Residence
Roof
Metal, Torch Down
Construction Materials
Cement
Utilities & Energy
Parking Features
Driveway, Attached Garage
Basement
None
Water Source
Public
Other Features
Lot Features
Corner Lot, Paved
Subdivision Name
Mountlake Terrace
Price History
| Date | Event | Price |
|---|---|---|
08/19/2026 Source: | Listed for Sale | $799,000 $726/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. 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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