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Joshua Fant

jfant@northpacificproperties.com +1(206) 781-0186

Listed by:Green Path Real Estate • Edwin G. Tian

$ 950,000

Est. payment -/mo

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12631 Ruggs Lake RD Everett, WA 98208

4 Beds

2.5 Baths

2,335 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,335 sqft

Price per Sqft $406

Subdivision Riverside

MLS Listing ID 2581868

Style 14 - Split Entry

Bedrooms 4

Full Baths 1

Year Built 1973

Annual Tax Amount $7,601

Lot Size 1.230 Acres

Property Sub-Type Single Family Residence

Property 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.

Location

State WA

County Snohomish

Area 740 - Everett/Mukilteo

Rooms

Basement None

Interior

Interior Features Bath Off Primary, Ceiling Fan(s), Dining Room, Fireplace, Water Heater

Flooring Ceramic Tile, Hardwood, Carpet

Fireplaces Number 2

Fireplace true

Appliance Microwave, Refrigerator, Stove(s)/Range(s)

Exterior

Exterior Feature Wood

Amenities Available Cable TV, Deck, Fenced-Partially, Patio, RV Parking

View Y/N No

Roof Type Composition

Garage Yes

Building

Lot Description Dead End Street, Open Space, Paved

Story Multi/Split

Sewer Available, Septic Tank

Water Public

Architectural Style Traditional

New Construction No

Schools

Elementary Schools Penny Creek Elem

Middle Schools Eisenhower Mid

High Schools Cascade High

School District Everett

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

Joshua Fant

CEO License ID: 86147

+1(206) 781-0186

Joshua Fant

12631 Ruggs Lake RD Everett, WA 98208

Key Details

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Rooms

Interior

Exterior

Building

Schools

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12631 Ruggs Lake RD