Rare oppty to develop 2.88 acres across 2 parcels (sale includes 550 Edmonds Way). Curr zoning allows for 15 homes with master plan approval, 10 without, or rezone for more. Site eval letter on file from the DOT. Great loc 1 mi from dtwn Edmonds & ferry. Mostly lvl lots with util on site. Perfect spot for tucked away luxury community. Superb man-made waterfall & large pond offers possibilities. New const sales in area support $1.3M+ for 3-4K sf homes. Prime location for brand visibility.