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Landsverk Quality Homes (LQH) has purchased a nearly 1 acre piece of property on 240th Street Southwest near 46th Avenue West.. The sale price was $750,000 or about $18 per square foot of land, NextMLT reports.
The property at 4615 240th St. S.W. contains a three-bedroom, two-bath, 2,342-square-foot single-family home.
According to the NextMLT report, the zoning for the property is RS7200. RS7200 generally allows single-family detached homes on lots that are at least 7,200 square feet. A subdivision might result in five homes but another option for the property would be cottage housing. This would allow up to 11 homes. A third option would be a Planned Unit Development (PUD). PUDs allow flexibility in density and site features in exchange for open and other additional community benefits. Typically a property needs to be at least 1 acre for a PUD but there are some allowances for smaller sites.
LQH is headquartered in Mountlake Terrace and has several Town Center townhome projects in the works, NextMLT notes.
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