Rare first-time development opportunity in the highly sought-after Bothell/Mill Creek corridor. Offering 10.25 acres across 5 tax parcels, this exceptional R-9600 residential-zoned land holding presents a premier opportunity for builders, developers, and long-term investors in a true A+ location directly on Highway 524 (Maltby Rd). With sewer and utilities available in the street, the site is ideally positioned for future residential development in one of the region’s strongest growth corridors. The property offers a beautiful park-like setting with mature timber, rolling privacy, a sports court, and a lower cottage. As an added bonus, the site includes a luxury rambler currently undergoing an extensive $1M+ remodel, 7000 sf with drawings and expansion plans already underway, offering interim use, resale upside, or potential builder model/home office flexibility. Located within the highly acclaimed Northshore School District and surrounded by strong residential demand, retail conveniences, shopping, dining, and everyday services, this is a rare chance to secure a large-scale residential land position in a supply-constrained submarket. The true value is in the land, location, zoning, and future development potential. A generational opportunity for the visionary builder or developer seeking scale in the Bothell/Mill Creek market.
Thrasher's Corner, located between Mill Creek and Canyon Park, is a suburban and commercial Bothell neighborhood with a busy retail corridor and wooded residential pockets. The neighborhood’s character concentrates around the Bothell Everett Highway and 164th St SE, where coffee counters, local eateries, and everyday services cluster in a steady hum of traffic. Low-rise plazas and practical mid-century subdivisions set an unfussy, lived-in architectural tone. McMenamins Anderson School adds a cultural anchor with a theater, gardens, and gathering spaces in a historic campus setting. North Creek Forest and the North Creek Trail thread in green relief for walks and bike rides. The pace feels functional and outdoorsy, shaped by arterials, creeks, and nearby trailheads.
Provided by Walk Score and Local Logic
Market insights
2620 Maltby Rd · $22,000,000
DAYS ON MARKET
163 days
The average home goes pending in 20 days.
SALE-TO-LIST
99.6%
Most homes are selling 0% below list price.
LIST PRICE
$22,000,000
Median list price in this area is $757,175. (97% lower than this home)
PRICE DROP
0 price drops
30% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Interior features
Ceiling fans
Dining room
Fireplaces (3) with gas and wood-burning options
French doors
High-tech cabling
Hot tub/Spa
Security system
Skylights
Vaulted ceilings
Bedrooms
Six bedrooms, all on the main level
Primary bedroom on the main level
Bathrooms
One full bathroom
Three three-quarter bathrooms
One half bathroom
Five bathrooms located on the main level (including full, three-quarter and half bathrooms)
Kitchen
Kitchen with eating space
Laundry & utility
Utility room on the main level
Flooring
Ceramic tile
Hardwood
Heating & cooling
Forced air heating
Heat pump
Central air conditioning
Exterior features
In-ground pool
Spa
Athletic court
Cabana/Gazebo
Patio
Outbuildings
Dog run
Gated entry
RV parking
Sprinkler system
Gas available to site
Open space and secluded setting
Paved areas
Brush, fruit trees, garden space, and wooded vegetation
Property has a view
Home design
Single-family residence
One-story design
Main-level entry
Built on lot
Parking
Attached garage
Covered parking for 3 vehicles
RV parking
Security
Security gate
Security system
Construction
Stone and wood exterior materials
Composition roof
Poured concrete foundation
House structure
Built on a 10.25-acre parcel
Utilities
Public water
Septic tank sewer
Natural gas energy source
Financial info
Listing is cash only
Other
Zoning: Bothell-R 9600
Electricity and solar
View estimated energy costs and solar savings for this home
The intent of residential zoning classifications (R 40,000, R 9,600, R 8,400, R 7,200, R 5,400d, R 5,400a, R 4,000, R 2,800, R-AC) is to provide locations for a range of densities and housing types to ensure a broad choice of attractive and affordable living accommodations to persons desiring to reside in Bothell. Residential zones may contain as outright permitted uses or conditional uses certain nonresidential uses which enhance the community including but not limited to schools, churches and parks.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
4 days above 86° expected this year, 9 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 9 days in 30 years
Provided by First Street
Historical weather
Bothell, WA • 98012
Average low and high temperatures (°F)
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77
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77
58
70
53
59
45
50
41
47
39
Jan
Feb
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Sun exposure
85/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Bothell. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.2 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2620 Maltby Rd
$16,874,614
$5.1M under list price of $22.0M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.3M to $2.2M.