About this home

A rare opportunity! An income-generating Winslow corner lot near the Waterfront Park, Yacht Club, Senior Center, restaurants, shopping and Seattle Ferries. This coveted low maintenance location is currently occupied as a Ground Lease for the USPS parking lot. In the meantime, enjoy your strategic land bank investment backed by a secure Federal lease paying out a 4.11% annual return (plus tax reimbursement) till May of 2032, while making use of your time with designs and local governance zoning permits over the next few years. Seller's sketch for 'possibly' a 4-story/16 unit apartment complex to include an additional 7 offsite parking spots, is available. (CORE/Town Centr/Madison Overlay on the COBI website).

Schools

Elementary

Buyer To Verify

Middle

Woodward Mid

High

Bainbridge Isl

Property details

Lot: Corner Lot
Water source: In Street
Sewer: In Street
Utilities: Electricity Available

Costs

Annual taxes: $5,936 (2026)

Estimate your monthly payment

$7,574/mo

Principal & interest: $7,079
Property taxes: $495

Down payment (20%) $280,000 Interest rate (%) Loan term (years)

Loan amount $1,120,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Bainbridge Island, WA 98110

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere RE Bainbridge— Jan Johnson.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.