Madrona Homes with Rehab Loan Terms

Madrona Homes with Rehab Loan Terms

Welcome to the charming neighborhood of Madrona in Camano Island, Washington! Situated in Island County, this idyllic community offers a perfect blend of natural beauty and modern conveniences.

Madrona is a sought-after neighborhood known for its tranquil surroundings and close-knit community feel. Residents here enjoy stunning views of the Puget Sound and easy access to outdoor activities such as hiking, boating, and beachcombing. The neighborhood is also home to a variety of local shops, restaurants, and cafes, adding to its vibrant and welcoming atmosphere.

One of the standout features of Madrona is its homes with rehab loan terms. This means that prospective buyers have the opportunity to purchase a property in need of renovation and finance both the purchase price and the cost of renovations with a single loan. This option is perfect for those looking to customize their home to their exact specifications without having to pay for everything upfront.

Whether you're drawn to Madrona for its natural beauty, tight-knit community, or the opportunity to create your dream home, this neighborhood has something for everyone. Come and discover the unique charm of Madrona on beautiful Camano Island!

Newest Madrona Homes with Rehab Loan Terms

$700,000
4 Beds ⋅ 2 Baths ⋅ 2486459 MLS ⋅ ACTIVE Status
Investors and Builders: Prime Madrona location steps to neighborhood retail and transit. Surrounded by a mix of classic homes, newer townhomes, condos, and commercial amenities, this 6,545 SF NR3-zoned corner lot offers strong redevelopment and value-add potential in a proven growth pocket. Sold As-Is. Flexible options include renovation with ADU/DADU configuration, repairing the existing home, or exploration of multi-unit development under NR3 zoning. The 1,620 SF home is livable and currently occupied by a caretaker but ready for updating. Lower level with separate entry provides ADU potential. Detached garage and additional RV parking create further flexibility for future plans.Bus stop nearby with direct access to downtown Seattle. Buyers to verify development capacity. Ideal opportunity for builders, flippers, or long-term investors seeking upside in an established in-city neighborhood. Private showings available through lockbox appointment, afternoons preferred. See supplements for more information.

2903 E Union Street, Seattle

Listing courtesy of KW Greater Seattle.

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