Snohomish County, Edmonds, WA 98026
4 bd4 ba4,903 sfBuilt 1982
Gross spread$1,150,000
Description
OFF-MARKET · EDMONDS, WA | PICNIC POINT/WIND & TIDE DISCLOSURE: Do NOT contact the seller. Buyer to verify all information to their satisfaction. 4 BED · 4 BATH · 4,906 SF · 0.59 ACRE We're pleased to share a rare off-market opportunity in Wind & Tide, one of Picnic Point's most private Puget Sound view enclaves. This 1982 custom home has never been offered on the open market. It is situated on a private street, on a 0.59-acre double-frontage lot with a deeded share of the private community beach. Renovated view homes nearby have sold between $2.1M and $2.9M. The plan is a full luxury renovation and resale, with short-plat potential as a second exit. POTENTIAL FOR A DOUBLE LOT; REHAB THE HOUSE, BUILD ANOTHER HOME. SELL BOTH FOR MAX PROFITS. THE NUMBERS Purchase Price: $1,200,000 Est. ARV: $2,350,000 Rehab Calc.: $250,000 Projected Profit: $615,000 Earnest Money: $30,000 Closing Date: November 16th, 2026 Return on All-In Cost · Cash-on-Cash: 39.5% · 244% WHAT MAKES IT RARE 01. Deeded share of the private Wind & Tide community beach 02. 0.59-acre (25,700 sq ft) double-frontage lot on 128th St SW and Marine View Dr 03. Situated on a private street in a secluded, wooded Puget Sound view enclave, with no HOA dues 04. 4 bedrooms, each with a walk-in closet, and 3.75 baths across 4,906 finished sq ft 05. Extra main-floor room that works as a second primary suite, with its own bath and walkout patio 06. Vaulted ceilings, hardwood floors and two wood-burning fireplaces 07. 896 sq ft deck, attached garage and concrete tile roof 08. R-9600 zoning with potential short-plat upside (to be verified) 09. Public water and septic system 10. Mukilteo School District; walk or bike to Picnic Point Park's Sound beach Note: Water views from the home itself to be confirmed on site. COMPARABLE SALES 15718 72nd Ave W, Edmonds, WA 98026 – Sold – $2,752,950 – $638/SF 14131 67th Ave W, Edmonds, WA 98026 – Sold – $2,900,000 – $489/SF 6603 141st St SW, Edmonds, WA 98026 – Sold – $3,190,000 – $645/SF 6730 139th Pl SW, Edmonds, WA 98026 – Sold – $2,800,000 – $727/SF 13813 68th Ave W, Edmonds, WA 98026 – Sold – $2,100,000 – $410/SF 11812 Marine View Dr, Edmonds, WA 98026 – Active – $2,195,000 – $581/SF Subject at Target Exit – Renovated – $2,350,000 – $479/SF Interested in this opportunity? Let me know and I'll set up a walk-thru for interested buyers. CALL OR TEXT: [contact details hidden] Buyer to do their own independent due diligence. Property sold as is, where is. Opinion of value and projections are given as a courtesy and are estimates, not guarantees or an appraisal. Renderings are illustrative. Comparables from public listing sources, October 2026. Seller makes no guarantees or warranties, express or implied. Please do not contact the owner directly.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Property information
Interested in this property? Request information from our team.
This thread is with the VestorsHub team. Nobody on the supply side of this listing holds an account here.