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23902 48th Avenue W, Mountlake Terrace WA 98043
23902 48th Avenue W, Mountlake Terrace WA 98043
23902 48th Avenue W, Mountlake Terrace WA 98043
23902 48th Avenue W, Mountlake Terrace WA 98043
23902 48th Avenue W, Mountlake Terrace WA 98043
Washington>Mountlake Terrace>Gateway

23902 48th Avenue WMountlake Terrace, WA 98043

For Sale

$870,000

Smart Buyer Rebate $8,700

DEVELOPER’S DREAM Prime 16,500 sq. ft. corner lot in Mountlake Terrace offering three potential building parcels, each eligible for two residences under the city’s newly adopted development ordinance. The property has already been surveyed, with a Geotechnical Evaluation and two preliminary site designs available—illustrating flexible three-parcel configurations. An existing 4-bedroom, 2-bath, 1,866 sq. ft. home sits on the property and could be revitalized while pursuing subdivision or redevelopment. Whether you’re looking to build multiple new homes, phase your project, or leverage the corner lot visibility, this property delivers exceptional potential and value in one of the region’s now most development-forward cities.

Listed by Barry Andersen

·

Windermere Real Estate Co.

Last updated December 01, 2025

·

Source: NWMLS #2442373

Listing Facts

  • TypeSingle-family
  • NeighborhoodGateway
  • Bedrooms4
  • Bathrooms2
  • Days on Prevu62
  • Taxes$6,000/year
  • Size1,866 sqft
  • Price per sqft$466

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

12/01/2025
Price Decreased
$870,000
10/10/2025
Listed by Windermere Real Estate Co.
$895,000

Property Details for 23902 48th Avenue W

Exterior

Construction

  • Roof: Composition
  • Structure Type: House
  • Year Built: 1951
  • Building Name: Hanburys N Race Tr
  • Construction Materials: Brick
  • Entry Location: Main
  • Exterior Features: Brick

Features

  • Direction Faces: East

Measurements

  • Building Area Total: 1,866
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.38
  • Lot Size Square Feet: 16,553
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 00463100000509
  • Tax Annual Amount: $6,000.00
  • Tax Year: 2025

Interior

Features

  • Appliances: See Remarks
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Hardwood, Laminate, Carpet
  • Interior Features: Ceiling Fan(s), Dining Room, Fireplace, Water Heater

Measurements

  • Living Area: 1,866

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 4
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4

Other

Location

  • Subdivision Name: Mountlake Terrace

Parking

Parking

  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Detached Garage
  • Parking Total: 1

Schools

High School

  • High School District: Edmonds

Utilities

Equipment

  • Has Heating: Yes
  • Sewer: Available, Sewer Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 4 bedrooms and 2 bathrooms in this single-family home at 23902 48th Avenue W.

Does this single-family home have parking?

Yes, there is 1 parking space available for 23902 48th Avenue W.

What are the annual taxes for 23902 48th Avenue W?

Annual taxes for this single-family home are estimated at $6,000.

How does 23902 48th Avenue W compare to other single-family homes in Gateway?

This single-family home is listed 9% above the average price for single-family homes in Gateway and has been on the market for 35 more days than the typical home in this area.

What building or home owners association is the single-family home part of?

This single-family home is in the Hanburys N Race Tr building.

What is the square footage on this single-family home?

According to the MLS, this listing is 1,866 sqft.

23902 48th Avenue W is a 4-bedroom, 2-bath single-family home for sale in Mountlake Terrace WA 98043. Listed on Prevu for 62 days at $870,000. This includes a recent price decrease of $25,000. This residence features 1,866 square feet of living space, located in Mountlake Terrace. The median listing price for single-family homes in this area is $795,000. Property amenities include pets allowed and parking. Browse more single-family home listings in Mountlake Terrace.

Based on information from NWMLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.