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Listed by: Jan Johnson (206) 371-8792 | Windermere RE Bainbridge (206) 842-5626
$1,400,000
Monthly Est:$6,968
-- Bed
-- Bath
7,841sqft lot
240 Shannon Dr SE, Bainbridge Island, WA 98110
$1,400,000
$6,968/moEst:
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Land
Built in -
$-- HOA
7,841 sqft lot
$179/sq.ft
Description
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).
- Houzeo last checked: 12 hours ago
- Listing updated: September 30, 2026 at 10:49 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2552635
Property Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
--
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
7,841 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2552635
MLS Status
Active
Days on Market
80
Cumulative Days on Market
80
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
In Street
Utilities & Energy
Water Source
In Street
Utilities
Electricity Available
Other Features
Lot Features
Corner Lot
Subdivision Name
Bainbridge Island
Community Features
Boat Launch, Park
Price History
| Date | Event | Price |
|---|---|---|
07/14/2026 Source: | Listed for Sale | $1,400,000 +301.15% $0/sqft |
06/18/2009 Source: | Sold | $349,000 $0/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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