$10,500,000
Est. $53,260/mo12461 Ne Woodinville Drive, Woodinville, WA 98072
• Listed 2026-05-07•21 days on market
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About this home
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.
Listed by Faramarz Ghoddoussi • Realty One Group Enterprise
Listing updated: May 7, 2026 at 04:00pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2519748
Around this home
Schools
Ratings via SchoolDigger- School #1253911031Public · Grades K-5 · 5.0 mi · State rank 596 of 1,0004/10
- School #986865719Public · Grades 6-8 · 8.9 mi · State rank 562 of 1,0006/10
- School #1568840777Public · Grades 10-12 · 9.9 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.
Sold comparable homes
3 recent nearby sales, priced between $290K and $487K.
$487,000Last sold price
17201 127th Place Ne #101, Woodinville, WA 98072
$300,000Last sold price
14206 Ne 181st Place #l102, Woodinville, WA 98072
$290,000Last sold price
14002 Ne 181st Place #a102, Woodinville, WA 98072
Property details
Mortgage payment forecast
$63,760 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Lifestyle
7.1/10
Very Walkable
Most errands can be done on foot
4.9/10
Some bikeability
Minimal bike infrastructure
Provided by Walk Score
Ask about this home
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Market pulse
Woodinville is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 24 days.
Recent sales nearby
Within 1 mile · last 6 months$1,749,990 Sold
5 months ago
5 bd•2 ba•~2,949 sq ft•Single Family
16019 124th (lot 3) Avenue Ne, Woodinville, WA 98072
0%
Over list
—
Days on market
0.7 mi
Distance
$475,000 Sold
5 months ago
•Single Family
12455 Ne 173rd Place, Woodinville, WA 98072
5%
Under list
—
Days on market
0.1 mi
Distance
$1,193,000 Sold
5 months ago
4 bd•2.5 ba•~2,180 sq ft•Single Family
16760 128th Place Ne, Woodinville, WA 98072
0%
Over list
—
Days on market
0.3 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data via RentCast · Updated May 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of May 29, 2026 at 12:12 PM PDT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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HO
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