exclusively offered by berkadia seattle

Fully Entitled Development Site in Lynnwood

37 Premium Townhomes with Lakefront Views

16202, 16208, 16210, & 16214 Larch Way | Lynnwood, WA 98087

Highlights

37 

PROPOSED UNits

1,847 SF

Avg. Unit Size

$5,500,000

Price

68,481

Proposed NRSF

$148,649

Total Land Value per Unit

1.59 AC | 69,260 SF

Lot Size

investment highlights

Prime Transit-Oriented Location: Larch Way features 37 proposed townhomes averaging 1,847 square feet near the future light rail station at Ash Way Park & Ride on the I-5 corridor, offering direct connectivity to Downtown Seattle.

Entitlements Secured: Preliminary plat and site plan approvals were issued in June 2025, providing a clear path to construction on this high-density residential-zoned property.

Planned Upscale Living Features: The proposed units have larger, more efficient floorplans than typical Seattle townhomes with quartz countertops, stainless steel appliances, tiled walk-in showers, and contemporary finishes throughout.

Comprehensive Amenity Package: Amenities will include two-car side-by-side garages with integrated electric vehicle charging stations, flexible work-from-home spaces, smart home features including video doorbells, fenced-in ground-floor patios with decks offering panoramic Martha Lake views, and direct pedestrian access to Martha Lake Beach Park for recreational activities.

Prime Connectivity: The development benefits from proximity to the upcoming Ash Way light rail station at 164th St, providing regional transit connectivity, while Martha Lake Beach Park sits directly across from the site offering recreational amenities for families, and Mill Creek Town Center’s retail hub is less than a minute drive away.

Strong Market Positioning: As buyers prioritize affordability and lifestyle over urban density, developers are following demand north of King County towards more transit-accessible communities.

Strong Townhome Sales: Recent comparable sales of similar-sized, quality townhouses in the area are achieving prices above $860,000.

37 Premium Townhomes with Lakefront Views

contact us to learn more

primary contact
Mitchell Belcher

Managing Director
425.891.9594
[email protected]

INVESTMENT SALES
Steven Chattin

Managing Director
425.269.3826
[email protected]

Jay Timpani

Managing Director
206.999.3206
[email protected]

Chad Blenz

Senior Director
206.491.2008
[email protected]

Brandon Lawler

Senior Director
206.484.8114
[email protected]

mortgage banking
Robert Doxsee

Managing Director
425.777.0235
[email protected]

Michael Manolides

Senior Director
253.670.2143
[email protected]

Connor Lemley

Associate Director
206.455.1592
[email protected]

offices in bellevue & seattle

bellevue

411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
206.521.7220

seattle

601 Union Street
Suite 3720
Seattle, WA 98101
206.521.7220

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.  

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