17275 SE Wax Rd

Covington, WA 98042
  • $525,000

    Price
  • 0

    Bed
  • 0

    Bath
  • 0

    SqFt

About the Listing 940 - 70433

Secure a rare footprint in the heart of Covington’s Downtown Master Plan area. This high-yield development site consists of two adjacent parcels totaling ~0.96 acres(41,265 sqft) , specifically positioned to benefit from the city's aggressive push for mid-rise, compact, and pedestrian-oriented housing. Optimal Zoning (MHO - Mixed Housing/Office)-Designed for high-density infill, the MHO zone supports a variety of housing types, including multi-family, townhomes, and cottage housing, as well as professional office space. The City of Covington is actively incentivizing redevelopment to meet its 2044 target of 4,310 new housing units. While a preliminary 14-unit townhome plan proposed, current state and local trends favor even higher density for projects near transit and commercial hubs. Level & Paved: Minimal site preparation is required compared to raw land, with paved access already in place. Proximity to Lakepointe Urban Village which is set to deliver tons of retail spaces and residential units. The site is also directly adjacent to Jenkins Creek Park, which is undergoing major 2025 improvements, including a new main entrance and parking on Wax Road, significantly increasing local walkability and neighborhood appeal. Tons of Potentials! Buyer to verify all information with City of Covington!

Listing Highlights

Status Pending
Days on Site 6
Property Type Vacant Land
MLS ® 2481170
Year Built
Total Square Footage 0
Lot/Acreage 0.96
County King
Neighborhood Covington
School District Kent

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
  • Appliances:
  • Air Cond:
  • Heating:
  • Fireplaces: 0
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water: In Street

Exterior Details

  • Lot Description: Paved,Creek,Brush,Garden/Fruit Trees
  • Garage Capacity: N/A
  • Roof:
  • Others:
  • Sewer: In Street

Financial Details

  • Tax Amount: $5,290
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 3622059194
  • Tax Year: 2025

Payment Calculator

Monthly Payment

  • in Principal and Interest
  • in Taxes
Years
% Down Payment
% Mortgage Rate

Questions About..

17275 SE Wax Rd Covington, WA 98042

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Never Miss A New Property

Get notified any time there's a new home on the market in this neighborhood!

Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.

Originating MLS: nwmls

|

home

Are you buying or selling a home?

Buying
Selling
Both
home

When are you planning on buying a new home?

1-3 Mo
3-6 Mo
6+ Mo
home

Are you pre-approved for a mortgage?

Yes
No
Using Cash
home

Would you like to schedule a consultation now?

Yes
No

When would you like us to call?

Thanks! We’ll give you a call as soon as possible.

home

When are you planning on selling your home?

1-3 Mo
3-6 Mo
6+ Mo

Would you like to schedule a consultation or see your home value?

Schedule Consultation
My Home Value

or another way