Welcome to Whatcom | John L. Scott Bellingham
Property photo 1
Property photo 2

$950,000

Active

Listing provided by Julie Wilson, Windermere Mercer Island

3

Beds

2

Baths

1,890

Sq Ft

1

DOM

Ask Austin

About this property.

Madison Valley redevelopment opportunity offering multiple paths for value creation in a prime location surrounded by continued growth, investment, and strong neighborhood demand.For buyers not pursuing immediate ground-up development, the existing structure presents compelling potential. A thoughtful renovation and reconfiguration may create two separate residential units, offering an owner/user setup, income opportunity, or long-term hold while preserving future redevelopment options.For larger-scale redevelopment, the property is zoned NC2-75 (M1), allowing exciting mixed-use possibilities with heights up to 75 feet. Ideal for developers, assemblage buyers, investors, or those seeking long-term upside.Situated on an approx. 4,030 SF lot, the site may support a variety of concepts, including residential above ground-floor commercial or amenity space, subject to buyer verification, design review, and permitting. Preliminary planning suggests approximately 20,000–28,000 SF of gross buildable area and roughly 25–40 residential units, depending on design, unit mix, parking strategy, and commercial use.An exceptional opportunity in one of Seattle’s most sought-after neighborhoods with convenient access to retail, dining, transit, employment centers, and continued area growth. Buyer to verify zoning, unit count, rental potential, and redevelopment feasibility to their satisfaction.

Property details.

Property TypeResidential
Sub TypeSingle Family Residence
Year Built1906
Lot Acres0.09
List Price$950,000
MLS StatusActive

Features.

Interior

Dining RoomFireplace

Exterior

Wood

Heating

Forced Air

Cooling

None

Flooring

HardwoodVinyl

View

Territorial

Site Features

Deck

Agent information.

List AgentJulie Wilson
List OfficeWindermere Mercer Island
Austin Hudspeth

Austin Hudspeth

Licensed Broker · John L. Scott Real Estate

Schedule a Showing

Pick a day and time, and Austin will follow up to confirm.

By continuing, you consent to be contacted by Welcome to Whatcom and John L. Scott - Bellingham about this showing via call, text, or email.

Listed by: Julie Wilson, Windermere Mercer Island

Courtesy of Windermere Mercer Island

Source: NWMLS, MLS#: 2539377NWMLS

NWMLS

Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 06/13/2026, 12:00:41 PST. 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. Provided by NWMLS as distributed by MLS Grid.

IDX information is provided exclusively for consumers' personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.

Any use or search of data on this website, other than by a consumer looking to purchase real estate, is prohibited.