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JRJeff ReynoldsCompass · Seattle

Listed by Jae Evans, Jae Evans Real Estate

Land
Type
111,250 sq ft
Lot
475
Days on market

About this property

With an existing commercial income producing property and residential home this opportunity offers flexibility to develop 1, 2 or 3 parcels or develop over time. 3 Parcels included. This prime waterfront development opportunity on Poulsbo’s scenic Liberty Bay offers a rare chance to create a premier residential community with potential commercial elements. Up to 46 units possible. Buyer to verify. The expansive property provides stunning views, direct water access, and a serene Pacific Northwest setting, making it ideal for luxury homes, townhouses, or a mixed-use neighborhood. Strategically located near Poulsbo’s charming downtown, the site allows for easy access to shopping, dining, and local amenities.

Location & commute

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Directions

Property details

Listing details

Listing number
#2349762
Listed
March 25, 2025
Days on market
475
Original list price
$1,500,000

Views

View
BayMountainsSoundTerritorial

Construction

Style
41 - Res-Over 1 Acre
Structure
None

Lot

Lot features
CurbsPavedSidewalk
Lot size
111,250 sq ft
Waterfront
Yes

Terms

Terms offered
CashConventional

Utilities

Utilities
Electricity ConnectedNatural Gas Available
Water
AvailableIn StreetOn Property
Sewer
In StreetOn Property

Schools

District
North Kitsap #400
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Bay
  • Mountains
  • Sound
  • Territorial
  • None
  • Curbs
  • Paved
  • Sidewalk
  • Cash
  • Conventional
  • Electricity Connected
  • Natural Gas Available

Listing history

  1. Listed

    $1,500,000

    March 25, 2025

  2. Current price

    $1,000,000

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$5,824

Principal & interest
$5,057
Property tax (est.)
$767

Assumes $200,000 down (20%), a $800,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 14, 2026 at 12:15 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.