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

Bainbridge Island
Local realty services provided by:CENTURY 21 Tri-Cities
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:September 12, 2026 at 12:22 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)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 12, 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. NWMLS Member Broker: Vicki Monteagudo

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