$950,000
 $5,100 est/mo Sourced by Back At You

12631 Ruggs Lake Road,Everett, WA 98208

Everett, WA 98208

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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), 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 or investors 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.

Details

MLS #2581868
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusPending
Year1973
Days On Site18
Listing Provided ByGreen Path Real Estate | Edwin G. Tian

Features

Bed(s)4
Bath(s) 3 Total
SQ Feet2,335
Garage2
Acreage1.23

Taxes

Property7601

Area Information

StateWA
CountySnohomish
CityEverett
Zip Code98208
Area740 Everett | Mukilteo
Community NameRiverside
School DistrictCascade High
Elementary SchoolPenny Creek Elem
High SchoolCascade High
Listing VS Median (in Riverside)
Price:
$950,000
low | high
Med:
$510,000
96.315789473684% of Average
sqft:
2,335
low | high
Med:
1,000
100% of Average
$ / sqft:
$407
low | high
Med:
$510
24.647368421053% of Average
On site:
18
low | high
Med:
32
56.25% of Average
Sourced by Back At You

Market Activity 98208

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Learn More About This Property

StateWA
CountySnohomish
CityEverett
Zip Code98208
Area740 Everett | Mukilteo
Community NameRiverside
School DistrictCascade High
Elementary SchoolPenny Creek Elem
High SchoolCascade High
Listing VS Median (in Riverside)
Price:
$950,000
low | high
Med:
$510,000
96.315789473684% of Average
sqft:
2,335
low | high
Med:
1,000
100% of Average
$ / sqft:
$407
low | high
Med:
$510
24.647368421053% of Average
On site:
18
low | high
Med:
32
56.25% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $712K - $1.187M
sqft: 1,500 - 2,500
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13413 32nd Drive
Mill Creek, WA 98012
13413 32nd Drive Property Photo 1
$845,000
13413 32nd Drive
Mill Creek, WA 98012
Listing Updated: October 31, 2026 at 8:55:02 AM PDT