Island Homes with Rehab Loan Terms

Island Homes with Rehab Loan Terms

Welcome to Island County, located in the beautiful state of Washington, USA. Nestled in the heart of the Pacific Northwest, Island County offers a unique blend of natural beauty, vibrant communities, and a rich history. With its stunning landscapes, charming towns, and endless recreational opportunities, this county is an ideal place to call home.

When it comes to real estate in Island County, one feature that stands out is the availability of homes with rehab loan terms. If you're looking to purchase a property that requires some renovation or updates, these homes with rehab loan terms can be a great option. With a rehab loan, you can finance both the purchase of the property and the cost of renovations, all in one convenient loan.

Whether you're a first-time homebuyer or an experienced investor, homes with rehab loan terms provide a unique opportunity to customize a property to your liking. From updating kitchens and bathrooms to adding extra living space, these homes allow you to create your dream home while also increasing its value.

Island County is home to a variety of properties that qualify for rehab loans, ranging from charming historic homes in the town of Coupeville to waterfront cottages on Whidbey Island. Whatever your preferences and budget, there's a good chance you'll find a property that suits your needs.

If you're ready to embark on a real estate journey in Island County, consider exploring homes with rehab loan terms. With the right vision and financing, you can transform a house into your perfect home while enjoying all that this picturesque county has to offer.

Newest Island Homes with Rehab Loan Terms

$550,000
2 Beds ⋅ 1 Baths ⋅ 2572492 MLS ⋅ ACTIVE Status
Experience coastal living at its finest in this charming N. end Camano Island home boasting gorgeous, unobstructed views of Utsalady Bay. Situated in a vibrant beach community with no HOA, you are just steps away from one of three private community beaches, making crabbing and other water adventures effortless. This inviting 2-bedroom, 1-bathroom home features a classic floor plan filled with natural light. Step out onto the spacious front deck--the absolute best spot to unwind, take in spectacular evening sunsets, and chat with passing neighbors. Insude, the main level offers comfortable living spaces, while the unfinished lower level provides fantastic potential to create a spacious rec room, bunk room or workshop. A few updates will make this home shine! Outdoor living continues in the private backyard space, perfect for quiet relaxation or outdoor gatherings, along wtih garden space ready for your green thumb. Parking and storage are easy with a 1-car garage located off the alley, complemented by additional off-street parking. Whether you are seeking a serence full-time residence or the ultimate weekend getaway, this classic Utsalady gem offers and unmatched beachside lifestyle.

92 Utsalady Road, Camano Island

Listing courtesy of Bellmark Real Estate.

$545,000
3 Beds ⋅ 4 Baths ⋅ 2562324 MLS ⋅ ACTIVE Status
Welcome to this HUD home on 7.8 acres. Home has 2 master suites & 4 bathrooms. With your vision to make this home shine. Master suite on main level has large kitchen, bedroom, & bath. Main kitchen is expansive and open with eating area and dining room. Vaulted ceilings in living room and windows to let the light in. Master suite upstairs in open and spacious with own deck. Attached 2-car garage is large and space for work & storage. Detached 4-bay shop with 1,728 sq ft has power & wood stove.

2954 SE Camano Drive, Camano Island

Listing courtesy of KW North Sound.

$400,000
2565209 MLS ⋅ ACTIVE Status
Maybe it's the whales. Maybe it's the fishing. Maybe it's the fact that there's always something to do-or absolutely nothing to do. For more than 50 years, this cabin has been bringing families together. Parents slow down. Kids actually want to hang out. Teenagers who swore they were "bored" somehow end up staying outside until dark, looking for crabs, spotting seals, ringing the Whale Bell when an orca swims by, + laughing around the original iron fireplace w/s'mores in hand. Summer means lazy afternoons on the deck w/incredible views, evening bonfires, + sounds that make everyone stop talking for a minute. In the fall, grab your fishing rod + head down the shared beach stairs to one of Whidbey's legendary salmon beaches. Dig for clams, hunt for geoducks, or drop a crab pot. In the winter, launch your boat just down the road at Possession Point + watch for humpbacks + gray whales as you chase Dungeness crab. This isn't a fancy cabin, + that's what makes it so special. It's the kind of place where sandy feet are welcome, fishing gear lives in the shed, the outdoor shower gets plenty of use, + nobody cares if dinner is fresh salmon or hot dogs. Inside you'll find everything you need: a cozy bunk room, range, microwave, refrigerator, Airhead composting toilet, outdoor hot-water shower, + a separate gear shed ready for rods, crab pots, and adventure. Some families hand down photo albums. Others hand down a cabin. This one has spent five decades bringing people together.

8343 B Franklin Road, Clinton

Listing courtesy of Coldwell Banker 360 Team.

$355,000
3 Beds ⋅ 1 Baths ⋅ 2564476 MLS ⋅ ACTIVE Status
Escape to your own retreat with this charming 3-bed, 1-bath cabin. The perfect blend of rustic serenity and modern comfort. Tucked among evergreens and surrounded by fruit trees, this home feels worlds away yet offers highway access for effortless getaways or full-time living. Step inside to find warm wood interiors that capture the essence of a classic cabin, paired with thoughtful updates that bring modern convenience to your rustic escape. Imagine sipping your morning drink on the porch while birds sing overhead, or spending cozy evenings as the sun sets through the trees. Whether you’re seeking solitude or a peaceful weekend hideaway, this quintessential wooden cabin offers the best of both worlds — off-grid feel, on-grid ease.

27193 State Route 20, Oak Harbor

Listing courtesy of RE/MAX Gateway.

$475,000
2 Beds ⋅ 2 Baths ⋅ 2560588 MLS ⋅ ACTIVE Status
A rare opportunity—offered for the first time in over 60 years! This authentic 1960s cabin is full of nostalgia & potential. Bring your vision and restore the existing cabin, or start fresh and build the island retreat you've always imagined. Upper level of the cabin includes living room with vaulted ceiling, exposed beams & cozy fireplace. 3 finished rooms used as bedrooms, original vintage kitchen, closet storage & 3/4 bath. Lower level has Bedroom, living space, washer/dryer, bath and hobby/shop room. Situated on two lots in the desirable Rocky Point community on Camano Island—no ferry required! Plenty of space to expand, garden and more. Enjoy water views of the Sound and surrounding islands, along with breathtaking sunset skies. Private gated beach access, existing water and power plus an inspected 2-bedroom septic system provide an excellent foundation for your vision. A truly special chance to create lasting memories in one of Camano Island's most desirable waterfront communities. Looking for more room?? The adjacent lot is also available separately (MLS #2560584).

881 Rocky Point Drive, Camano Island

Listing courtesy of KW Everett.

$515,000
3 Beds ⋅ 2 Baths ⋅ 2547730 MLS ⋅ ACTIVE Status
Tucked away in a private setting on Whidbey Island, this 1,944 square foot home offers wonderful water views and a peaceful, island lifestyle just minutes from the shoreline. With 3 bedrooms and 3 bathrooms spread across a comfortable layout, there's plenty of room for guests or a home office setup. The additional basement area is perfect for a small hobby room or storage for holiday and gardening supplies. Step outside to an expansive water view deck, ideal for morning coffee, evening sunsets, or entertaining while taking in the scenery. A private patio offers an additional outdoor living space, perfect for quiet relaxation or al fresco dining away from it all. Set on nearly three-quarters of an acre, the lot offers space to spread out — room for gardens, outdoor entertaining, or simply enjoying the quiet that comes with island living. Mature trees and natural surroundings add to the sense of privacy, while the water views provide a daily reminder of why Whidbey Island is such a sought-after destination. Beach lovers will appreciate the easy access to Hastie Lake Beach, just a short trip away — perfect for morning walks, evening sunsets, or weekend beachcombing. Priced to reflect the opportunity for updates, this home is ready for a buyer with vision. With great bones, a functional layout, and an unbeatable setting, it's a rare chance to invest in a property with genuine long-term potential — whether as a primary residence, weekend getaway, or renovation project.

2452 Williams Road, Oak Harbor

Listing courtesy of COMPASS.

$450,000
2 Beds ⋅ 1 Baths ⋅ 2540300 MLS ⋅ ACTIVE Status
Remodelers delight is ready for your new fresh ideas in this 2 bedroom Pan Adobe log home in Rolling Hills. You'll love the privacy of this .51 acre lot surrounded by trees while enjoying a nice water view of Penn Cove. Features include, New wall to wall carpet, Newly installed 2 bedroom septic system, spacious living room with vaulted ceilings, cozy wood burning fireplace with ceiling fan. The kitchen is designed for small steps and includes refrigerator and electric range. The primary bedroom has a walk-in closet and is joined in the hall with a 3/4 bath and guest bedroom. Existing exterior features include, 2+ bay garage, attached workshop with kitchen, bath & propane fireplace that is just waiting for your finishing touches, plus a bonus detached 2 bay workshop. There is room to roam with mature landscaping and large deck with a peak a boo view of Penn Cove. You can also enjoy the Rolling Hills community recreation center, pool, sports field, boat dock and community beach. This property is ideal for a VA or FHA RE Hab Loan. It has so much potential, just needs you!

1731 Stephen Street, Oak Harbor

Listing courtesy of Acorn Properties, Inc.

$1,100,000
2 Beds ⋅ 2 Baths ⋅ 2540350 MLS ⋅ ACTIVE Status
Incredible Waterfront Opportunity on Useless Bay! Bring your vision and creativity to complete this charming cabin and make it your own. Nestled on a quiet dead-end street with stunning waterfront views, this unique property offers the perfect canvas for your dream island retreat. Major improvements have already been completed, including a new septic system, updated electrical and plumbing, and new Renewal by Andersen windows featuring a transferable lifetime warranty. The upper level offers two bedrooms, a den or home office, and a ¾ bathroom. The main floor features a spacious open-concept design with room for a kitchen, dining, and living area, along with an additional ¾ bathroom. Enjoy easy beach access just across the street and endless possibilities to create a personalized getaway in one of Whidbey Island's most serene and scenic locations. This is a rare opportunity to invest in waterfront living and finish a home exactly the way you've envisioned it.

2403 Sunlight Beach Road, Clinton

Listing courtesy of Windermere Bellevue Commons.

$395,000
2 Beds ⋅ 2 Baths ⋅ 2528711 MLS ⋅ ACTIVE Status
Welcome to island life and living at the lake! Tucked into a desirable lakeside community, this rambler is full of potential and ready for its next chapter. Set on a spacious lot (0.63 acre)with mature landscaping, this fixer opportunity offers the perfect canvas for investors or buyers looking to build sweat equity. The functional layout features generous living spaces and endless possibilities to reimagine and update to your style. Enjoy the charm and tranquility of lakeside living with nearby water access, clubhouse, park, fishing and community amenities just moments away. Whether you're dreaming of a modern renovation or a cozy retreat, this property is your chance to create something special in a beautiful location. RV/boat parking and room for the pets and toys! Opportunity knocks—bring your HGTV vision and make it your own!

1578 Poplar Lane, Camano Island

Listing courtesy of Best Choice Network LLC.

$399,000
3 Beds ⋅ 2 Baths ⋅ 2526742 MLS ⋅ ACTIVE Status
Professional pictures coming soon. Opportunity awaits at 351 Evergreen Park! This 3-bedroom, 2-bath manufactured home is full of potential and ready for someone to bring the vision to life. Remodeling has already begun, offering a head start for the next owner to continue the transformation and make it their own. With flexible living space, great potential, and room for creativity, this property is perfect for investors, flippers, or buyers looking to customize a home to fit their style. Bring your ideas and unlock the possibilities this property has to offer!

351 Evergreen Park Road, Camano Island

Listing courtesy of John L. Scott Mukilteo.

$494,000
3 Beds ⋅ 2 Baths ⋅ 2523403 MLS ⋅ ACTIVE Status
Price improvement! Here is your opportunity to own 4.98 acres in the wonderful Maple Glen Community which hasn't come up for sale in over 30 years! You may want to invest or live here and create trails for your ATV. The property is full of mature Alder, Cedar and Fir. There had been a road pushed through to the bottom of the property along the south edge before 1995. A 3 bed / 2 bath doublewide mobile home sits attached to the land. It is in good shape with a 7 year old metal roof. A newer Lopi pellet stove heats the entire home. No secondary heat source. Propane pipes are still there without the tanks. A new septic system will need to be installed. A Lincoln generator conveys w/home. Outside there is a greenhouse and a small shed for tools and lawnmowers. Best of all, is the approx. 24' by 48', 996 sf pole barn/shop/garage to store all of your tools with enough space for all of your projects! Attached to the side of it is a 192 sf carport for extra storage. A garden and orchard area is just downhill from the MH with Gravenstein apple trees and a Bosc pear tree. Start the garden of your dreams! A little TLC will give you a self-reliant homestead in no time!

5160 Blacktail Lane, Langley

Listing courtesy of Keller Williams Realty.

$279,000
3 Beds ⋅ 2 Baths ⋅ 2522869 MLS ⋅ ACTIVE Status
Great little 3 bedroom, 1.75 bath starter home or investment property located in the Sierra Community. This home is conveniently located between the historic waterfront town of Coupeville, and the City of Oak Harbor with all its amenities. Sierra Country Club amenities include a pool, playground and clubhouse. Community beach access available, or head to nearby Fort Ebey State Park to enjoy the beaches and trails.

760 El Pozo Street, Coupeville

Listing courtesy of First Carriage House Realty.

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