Discover a rare opportunity to own 3.6 acres of stunning land in a private, gated community just an hour northwest of downtown Spokane. This build-ready lot features a brand new high-producing well, septic system, 400 amp power service, and an RV hookup with clean-out—perfect for living onsite while you build, with up to two years to complete your home. The designated building site captures breathtaking views and offers unmatched seclusion, with only a handful of full-time residents in the entire development. Lake Roosevelt—one of the region’s premier destinations for fishing, boating, and outdoor recreation—is located only ten minutes from the property. Within the community, enjoy a one-of-a-kind clubhouse designed by the visionary behind Bass Pro Shops, complete with a pool, tennis courts, and rustic mountain charm. Whether you're planning a weekend escape or a full-time residence, this property blends nature, comfort, and flexibility in one incredible package.
Listing Courtesy of Spokane MLS / Windermere Real Estate/City Group, LLC / Ben Olney
$140,000
Spokane Area Land
Active
1222 E Marietta Ave Spokane, WA 99207
Bed
0 Baths
sqft
MLS# 202516253
This shovel-ready lot offers a unique chance to develop multifamily housing with significant tax advantages. The property comes with a pre-approved 8-year Multi-Family Tax Exemption (MFTE), which begins on January 1st following the recording of the Certificate of Occupancy post-project completion. This exemption applies to the residential improvements, providing substantial savings. The site includes nearly completed four-plex plans, requiring only two minor updates per city requirements. While the MFTE requires a minimum of four units, developers have flexibility in configuration to meet this requirement. There are no income or rent restrictions, allowing for market-rate development. The City of Spokane is actively encouraging such developments and offers guidance to streamline the process. With a growing demand for multifamily housing, this property presents an ideal opportunity for investors to capitalize on Spokane's expanding housing market.
Listing Courtesy of Spokane MLS / Windermere Real Estate/City Group, LLC / Ben Olney