Existing Custom Mountain Home + Future Development Parcel
625 A/B Twisp-Winthrop Eastside Rd Winthrop, WA 98862
Investor Price: $799,000
This is a rare opportunity to acquire a unique two-parcel mountain property in the highly desirable Methow Valley.
The offering consists of 5.11 total acres with an existing custom mountain residence on one parcel and a separately buildable parcel featuring architectural plans available for a second custom residence.
Existing Residence Originally the historic Old Wagner Mill Electric Shop, this reclaimed building was relocated and transformed into a one-of-a-kind mountain home offering approximately 2,600 square feet of living space.
Features include:
• 3 Bedrooms
• 2 Bathrooms
• Open concept living room with expansive windows
• French doors leading to an elevated deck
• Bonus living space
• Shop and covered parking below
• Situated on approximately 2.01 private acres with panoramic Methow Valley views
Development Parcel The adjoining 3.10-acre parcel includes architectural plans available for a beautifully designed contemporary mountain residence featuring:
• Approximately 1,664 Square Feet
• 3 Bedrooms
• 2 Bathrooms
• Studio / Home Office
• Screened Porch
• Covered Carport
Utilities are available at the homesite, providing an exceptional opportunity for future development.
Multiple Exit Strategies
Exit Strategy 1 – Retail Resale Professionally stage, market, and list the existing compound. Projected MLS List Price: Approximately $1,250,000 Potential upside through improved presentation, targeted marketing, and exposure to Seattle, Bellevue, Spokane, and second-home buyers.
Exit Strategy 2 – Luxury Compound Development Construct the architect-designed residence on Parcel B while retaining the existing home. Illustrative underwriting: • Estimated construction cost: Approximately $380/SF • Estimated total development investment: Buyer to verify based on final plans, permitting, and contractor pricing. The completed property has the potential to create one of the area's most unique multi-residence offerings, appealing to luxury, multi-generational, and second-home buyers.
Exit Strategy 3 – Hold & Develop Enjoy or lease the existing residence while planning future construction on the second parcel, creating long-term appreciation potential.
Why This Opportunity Stands Out
✔ Existing custom residence
✔ Separate buildable tax parcel
✔ Architectural plans available
✔ Utilities available
✔ 5.11 total acres
✔ Historic mountain character
✔ Endless Methow Valley views
✔ Family compound potential
✔ Luxury second-home market
WHY THIS OPPORTUNITY STANDS OUT
Most investors see an existing mountain home.
We see multiple exit strategies and the opportunity to create one of the Methow Valley's most unique residential compounds.
This offering includes an existing custom mountain residence on one tax parcel together with a separately buildable 3.10-acre homesite featuring architectural plans available for a thoughtfully designed 1,664-square-foot custom residence.
Illustrative Investment Scenario
Investor Purchase Price: $799,000
Projected Retail List Price (Current Configuration): $1,250,000 Listed on MLS for $799,000
Potential Immediate Gross Spread: Approximately $350,000 before transaction costs and carrying expenses.
Value-Add Development Scenario
A developer may elect to construct the proposed residence on the second parcel, transforming the property into a two-residence luxury compound totaling approximately 4,264 square feet of finished living area across 5.11 acres.
Illustrative assumptions:
• Proposed construction: 1,664 SF @ approximately $380/SF
Based on the completed two-residence concept, buyers may identify the potential to create a premium legacy property that appeals to the luxury second-home, executive retreat, and multi-generational family markets.
Illustrative underwriting suggests a completed compound could support a resale analysis materially above the current acquisition basis, depending on final construction costs, market conditions, permitting, buyer demand, and resale strategy.
Multiple Exit Strategies
• Luxury compound development
• Long-term appreciation and future development
• Family compound or executive retreat
• Multi-generational ownership
This is more than a single home purchase—it's an opportunity to control a rare two-parcel mountain property with significant optionality in one of Washington's premier recreational destinations.
Buyers should conduct their own due diligence, construction budgeting, market analysis, permitting review, and resale underwriting before purchasing.
Professional photography, drone imagery, architectural renderings, floor plans, and supporting documentation are available upon request.
Brian 707-752-7979
More About This Property
Nearby Markets12 cities · 4 counties · 11 ZIP codes
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ARV $1,250,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $617,000.