Property Details
12461 NE Woodinville Drive
Woodinville, WA 98072
$10,500,000
Active
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Property Overview
This 1.13-acre development site in the heart of City of Woodinville is fully entitled and approved for 161 units, allowing you to skip years of permitting – with the heavy lifting already done. The development site spans across five contiguous lots consisting of a strong multifamily submarket demand drivers with high desirable community in the city. Woodinville is consistently ranked as Washington’s best place to live, offering a wealthy resident base and easy access to major employers like Microsoft, SpaceX, and the Bothell University of Washington and biotech hub. With a massive shortage of housing in the area and quick access to I-405, this project is perfectly positioned to meet the high demand for luxury living. This is a rare, high-reward opportunity to enter a top-tier market with all the heavy lifting already finished.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
King
Neighborhood
Downtown Woodinville
Listed
May 7, 2026
Financial Summary
Total Expenses
$37,000
Building & Use
Building Sq Ft
3,553
Leasable Area
122,592 sqft
Total Units
1
Zoning
Commercial,Multi-Family,Office,Residential,Retail
Possible Use
Commercial, Multi-Family, Office, Residential, Retail
Lot Size
1.14 acres
Year Built
1949
Exterior & Lot
Lot Size
1.14 sqft
Year Built
1949
Garage
3 spaces
Exterior Materials
See Remarks
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Paved, Value In Land
Exterior Features
See Remarks
Location
City
Woodinville
County
King
Coordinates
47.75385, -122.17226
Additional Information
Tax Year
2026
Annual Taxes
$37,000
Possession
Array
Based on information submitted to the MLS GRID as of May 7, 2026 11:15 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
