240 Shannon Drive Se #Lot 7, Bainbridge Island, WA 98110

Bainbridge Island
Local realty services provided by:Knipe Realty ERA Powered
Listed by: jan johnson
Office: windermere re bainbridge
MLS#:2552635
Source:NWMLS
240 Shannon Drive Se #Lot 7,Bainbridge Island, WA 98110
$1,400,000
  • 0.18 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$1,400,000

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).

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Subdivision & Development:Bainbridge Island
  • Listing ID #:2552635
  • Updated:October 01, 2026 at 12:04 PM

Structure and exterior

  • Lot area:0.18 Acres
  • Lot Features:Corner

Schools

  • High school:Bainbridge Isl
  • Middle school:Woodward Mid
  • Elementary school:Buyer To Verify

Utilities

  • Water:In Street
  • Sewer:In Street

Finances and disclosures

  • Price:$1,400,000
  • Tax amount:$5,936 (2026)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 1, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

New listings near 240 Shannon Drive Se #Lot 7