Premium Poulsbo homesite or an investment for the future? It’s both!! Build one home today on this expansive shy 9-acre lot and subdivide or develop the rest of the property once it is annexed by Poulsbo. Property is zoned Residential Low (4-5 units/acre) and is in the Poulsbo UGA zone. A plat of about 15+ homes possible after open space, streets, and buffer zone requirements are met. This lot is LEVEL with good commercial timber standing. Sewer and water is available from Poulsbo after annexation and Slippery Pig Way (to north) currently has an annexation application under way. Annexation will increase the value of this parcel by about $250,000. Seller says she is "highly motivated" now so send her an offer that works for you.