For sale Home

Listed Oct 27, 2026

$599,950 Est. $3,968/mo

8415 Madrona Lane

  • 3

    Beds

  • 2

    Baths

  • 1,855

    Sq ft

The story

Attention investors, flippers & builders! Full of prime potential on a shy 1/4 acre lot in a serene yet central neighborhood of Edmonds, opportunity abounds in this single-level fixer! Imagine the development possibilities for a lot of this size (zoned RS8) - bring your creativity & your tool belt to make your ideas a reality. The existing home (sold as-is) has great potential to be reimagined into something fresh & modern: a highly desirable single-level floor plan includes inviting living areas, hardwood floors, 3 bedrooms, 1.75 baths, a huge bonus room & a double-sided wood-burning fireplace for the living and family rooms. An attached 2-car garage plus a detached 1-car garage or shop space add additional flexibility. Established connections to all utilities (including gas) are already in place so the sky truly is the limit here! Opportunities like this don't come along often, especially in such a sought-after location for homeowners who want to live close to it all. Beloved downtown Edmonds, Lake Ballinger recreation, top-notch schools, light rail in Mountlake Terrace & all the modern conveniences are minutes away, adding extra value as southern Snohomish County continues to blossom & grow. Cash, hard money or rehab loans only.

Facts & features

Home type

Home

Year built

1968

Price per sq ft

$323

Included features

  • Fireplace

    1 fireplace

  • Heating

    Forced Air

  • Appliances

    Dishwasher, Disposal, Dryer, Refrigerator, Washer

  • Flooring

    Ceramic Tile, Hardwood, Vinyl

  • Roof

    Torch Down

  • Lot Information

    Paved

  • Exterior

    Wood

  • Water Source

    Public

  • Sewer

    Sewer Connected

Mortgage calculator

Estimated monthly payment

$3,968 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $3,193
  • Property tax $600
  • Insurance $175

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

SPIRE ONE Realty

Broker Name

SPIRE ONE Realty

Agent

Lauren GeRoy