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 to own a corner lot of .18 acres within prime downtown Winslow zoning. (CORE/Town Center/Madison Overlay). Strategic land banking with appreciation potential in this coveted location while local governance zoning decisions are made over the next few years. Currently occupied as an employee parking lot for the USPS, this 4.11% Annual return on your investment is backed by a secure 5+ year Ground Lease located adjacent existing above-ground multi-family housing and just up the street from the Waterfront Park.

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Home facts

  • Subdivision & Development:Bainbridge Island
  • Listing ID #:2552635
  • Updated:August 16, 2026 at 11:19 AM

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)
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