17275 SE WAX Road, Covington, WA 98042 (MLS # 2481170)

Listing provided courtesy of Northwest MLS; Skyline Properties, Inc.

PRICE	$525,000
BEDS	0
BATHS	0
HOME SIZE	n/a
LOT SIZE	41,626 sqft

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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!

LAST UPDATED	2/17/2026	TRACT	Covington
YEAR BUILT	0	COMMUNITY	Covington
COUNTY	King	STATUS	Active
PROPERTY TYPE(S)	Lot/Land/Acreage

SCHOOLS

Elementary School	Buyer To Verify
Jr. High School	Buyer To Verify
High School	Buyer To Verify

ADDITIONAL DETAILS
AREA	320 - Black Diamond/Maple Valley
HEAT	None
LOT	0.9556 acre(s)
LOT DESCRIPTION	Paved
MLS STATUS	Active
STYLE	42 - Multi-Family
SUBDIVISION	Covington
TAXES	5290
UTILITIES	Electricity Available, Natural Gas Available
VIEW	Yes
VIEW DESCRIPTION	Territorial
WATERFRONT	Yes
WATERFRONT DESCRIPTION	Creek, Waterfront

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2/17/26 10:12 AM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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