Ridgecrest Development
For Sale
$1,400,000
1564 NE Serpentine Place, Shoreline, WA 98155
Almost permit-ready project for four detached condominium homes.
Property Size1,930 SF
Lot Size0.59 Acres
Price / SF$725.39
Days on Market194
Property Features for 1564 NE Serpentine Place
General Information
Standard status
Active
Size
1,930 SF
Lot size
0.59 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$8,499
Amenities
Paved
Listing Agency:
JOHN L. SCOTT EVERETT
(425) 355-0200
Listed By:
CLINT SCHLOTFELDT
Source:
Corcoran
Added: Jan 27
Changed: Aug 8
Last Checked: Jul 15 at 10:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JOHN L. SCOTT EVERETT
Investment Insights
Based on property information with market context.
This property presents an opportunity for builders with an almost permit-ready project for a four-unit detached condominium development. The planned homes range from 3200 to 3650 square feet. Located in the heart of Ridgecrest, the site is less than a mile from the light rail. The project is currently vested under 2021 energy standards, requiring minimal offsite improvements. Access to the property is provided by an existing easement road to the east. An existing 1930 square foot home is located on the premises and is currently rented for $2995 per month. Additionally, there is a detached shop that is not part of the lease. The project's third review is complete, and final permits are anticipated soon.
Key Highlights
- Almost permit‑ready project for 4 detached condominium homes (3200‑3650 sq ft each).
- Vested under 2021 energy standards with minimal offsite improvements needed.
- Excellent location in the heart of Ridgecrest, less than a mile from light rail.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 98155, WA
35,948
Population
14,526
Households
2.5
Avg Household Size
41
Median Age
56%
College-Educated
95%
High-School Grad
7.5 sq mi
ZIP Area
4,793
Density / Sq Mi
$131,911
Median Household Income
$67,323
Median Earnings
$2,016
Median Rent
$758,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Almost permit-ready project for four detached condominium homes.
Where is this residential land & home lot located?
The property is located at 1564 NE Serpentine Place Shoreline, WA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Almost permit‑ready project for 4 detached condominium homes (3200‑3650 sq ft each).; Vested under 2021 energy standards with minimal offsite improvements needed.; Excellent location in the heart of Ridgecrest, less than a mile from light rail.
