About this home

Builder Alert! Rare development opportunity in Lynnwood’s desirable Larch Way area. Set on a private 1.2+ acre parcel surrounded by mature evergreens and established landscaping, this exceptional property offers tremendous potential in one of Snohomish County’s fastest-growing corridors. Ideally located with convenient access to I-5, I-405, Alderwood Mall, dining, shopping, and Light Rail, the location combines privacy with everyday convenience. The expansive site features level topography, existing septic, utility connections, and a current 4,600 sq ft residence. Zoned R9600, the property may offer the potential for up to five homesites (buyer to verify all development possibilities). Whether you're a builder, developer, or investor seeking your next project, this is a rare opportunity to capitalize on a large parcel in a highly desirable and increasingly sought-after location.

Schools

Elementary

Hazelwood Elem

Middle

Alderwood Mid

High

Lynnwood High

Property details

View: Territorial
Lot: Paved
Water source: On Property
Sewer: Available
Utilities: Electricity Available, Natural Gas Available, Septic Design Installed

Costs

Annual taxes: $13,413 (2026)

Estimate your monthly payment

$14,695/mo

Principal & interest: $13,577
Property taxes: $1,118

Down payment (20%) $537,000 Interest rate (%) Loan term (years)

Loan amount $2,148,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Lynnwood, WA 98037

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere Real Estate GH LLC— Adam E. Cobb.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

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