Penn Cove Homes with VA Loan Terms

Penn Cove Homes with VA Loan Terms

Welcome to the charming neighborhood of Penn Cove, located in Oak Harbor, Washington. Nestled in Island County, this picturesque area is known for its stunning waterfront views, friendly community, and convenient access to local amenities.

Penn Cove is a sought-after neighborhood for homebuyers looking to settle in a peaceful and scenic location. With homes eligible for VA loan terms, military families and veterans will find excellent opportunities to own a property in this desirable area. The VA loan program offers benefits such as no down payment, competitive interest rates, and no private mortgage insurance requirements, making it an attractive option for those who have served in the military.

Residents of Penn Cove enjoy a relaxed coastal lifestyle with easy access to outdoor activities, including boating, fishing, and hiking. The neighborhood is also close to schools, shopping centers, and dining options, providing convenience and comfort for its residents.

If you are looking for a home in a welcoming community with VA loan terms available, Penn Cove in Oak Harbor is the perfect place to start your search. Experience the beauty and tranquility of this waterfront neighborhood while taking advantage of the benefits of VA loan terms. Find your dream home in Penn Cove and enjoy all that this charming neighborhood has to offer.

Newest Penn Cove Homes with VA Loan Terms

$1,295,000
6 Beds ⋅ 3 Baths ⋅ 2575479 MLS ⋅ ACTIVE Status
Set on nearly 3 private acres, this beautifully updated acreage estate offers refined living, flexible multigenerational accommodations, and exceptional equestrian potential. A landscaped approach leads to the welcoming covered porch and an open-concept main level designed for both everyday comfort and effortless entertaining. The living, dining, and kitchen areas flow seamlessly together, featuring high-end appliances and an expansive deck overlooking the beautifully landscaped grounds, raised garden beds, orchard, and Penn Cove views that invite you to gather, garden, dine, and unwind. The main-floor primary suite offers a peaceful retreat, while the upper level features two versatile bonus rooms currently used as bedrooms, plus a shared flex space ideal for a playroom, lounge, or study. The lower level provides a private second living space with living and kitchenette areas, full bath, two bedrooms, and direct backyard access—ideal for multigenerational living, guests, or potential rental use. Finished outbuilding currently configured as an art studio and separate shed offer abundant space for hobbies, storage, and creative pursuits. A substantial cleared and leveled portion of the property includes two existing shelters that provide an excellent foundation for future horse paddocks and an equestrian setup. A rare combination of privacy, luxury, versatility, acreage, and equestrian potential—just waiting to become your forever home.

1407 Arnold Road, Oak Harbor

Listing courtesy of Better Homes&Gardens McKenzie.

$585,000
3 Beds ⋅ 3 Baths ⋅ 2564680 MLS ⋅ ACTIVE Status
Move-in ready and packed with upgrades, this 3-bedroom home offers over 1,900 sq ft of living space just a short stroll from the Penn Cove boat launch. The beloved Blue Fox Drive-In is also just down the road! Enjoy peace of mind with a newer roof and a whole-house water softener and filtration system already in place. The fully finished daylight basement is an entertainer's dream, complete with a full bar, mini wine/beverage fridge, and both interior stair access and a separate private entrance, perfect for guests or potential multigenerational living. Upstairs, the primary suite impresses with a huge walk-in closet and full en suite bath. Fitness enthusiasts, take note: the garage has been transformed into a complete home gym featuring a Peloton bike, Peloton treadmill, pull-up bar, squat rack, and dumbbells, all included! Prefer a traditional garage or workshop? The space converts back easily. Step outside to a charming courtyard between the house and garage, complete with a fire pit, ideal for evening gatherings, plus a concrete patio out back for even more outdoor living space. Don't miss this rare combination of location, updates, and move-in-ready convenience!

854 Burroughs Avenue, Oak Harbor

Listing courtesy of eXp Realty.

$649,000
3 Beds ⋅ 3 Baths ⋅ 2539106 MLS ⋅ ACTIVE Status
Welcome to 1086 Landing Circle – Water View Living in The Charming Shores at Penn Cove. Nestled in a quiet cul-de-sac, this two-story home offers sweeping Penn Cove water views (watch the Orcas!) and an unbeatable location just steps from a private community beach. The first floor features a serene primary suite with a private ensuite bath, plus an additional bedroom, full bath, and garage access — a peaceful, single-level retreat. Upstairs is where this home shines: a light-filled living area wrapped in windows framing panoramic views of Penn Cove, a cozy gas fireplace, and an open kitchen with a spacious island. Two private balconies invite morning coffee or sunset watching over the water. A dedicated office, extra bedroom, and laundry room complete the upper level. A detailed floor plan is in the photo array. Outside, the fully fenced backyard is a gardener's dream — raised garden beds, a charming pergola sitting area, and mature landscaping. A storage shed and side-yard access add convenience, and a mobile generator is included for peace of mind during power outages. Beyond the home, enjoy exclusive access to a community path leading directly to a beautiful, private community beach — a prized amenity for waterfront-adjacent living. Watch local deer wander the neighborhood, launch a kayak, or unwind by the shoreline. With modern comfort, garden charm, and access to Penn Cove's natural beauty, this home is a must-see in one of Whidbey Island's best kept secret communities.

1086 Landing Circle, Oak Harbor

Listing courtesy of Windermere Whidbey Island.

$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.

$829,999
3 Beds ⋅ 3 Baths ⋅ 2525932 MLS ⋅ ACTIVE Status
Welcome to this thoughtfully updated home offering the perfect blend of comfort, style, and functionality. Featuring spacious living areas filled with natural light from the huge windows, this home boasts an open concept layout ideal for both everyday living and entertaining. The kitchen includes stylish and plentiful cabinet space, gorgeous quartz countertops and a large deck that capitalizes on the view. The primary suite provides a relaxing retreat with a private bath and its own view of the sound, while additional bedrooms offer flexibility for whatever your heart desires. Step outside to enjoy the hot tub and Steam Fayette Barrel Sauna on your deck while overlooking your expansive, flat yard. This house is ready to impress while giving you the opportunity to put your own stamp on it. Homes like this don't come along often!!

26987 State Route 20, Oak Harbor

Listing courtesy of COMPASS.

$419,950
3 Beds ⋅ 1 Baths ⋅ 2484439 MLS ⋅ ACTIVE Status
Discover peaceful cul-de-sac living at 1123 Forest Glen Road, a charming 1954-built rambler offering 3 cozy bedrooms and 1 bathroom across 1,160 sq ft on a generous third-acre lot. Savvy upgrades—from a metal roof and seamed deck to a modern heat pump, new carpet, and refreshed exterior—ensure turn-key comfort. Entertain or garden with ease thanks to space for RV/boat parking, garden boxes, shed, gazebo, and a scenic deck with partial Whidbey Island views. Not far from beach access, shopping, and NAS Whidbey, this home blends timeless appeal with sweet convenience.

1123 Forest Glen Road, Oak Harbor

Listing courtesy of Inspire Realty.

$715,000
4 Beds ⋅ 3 Baths ⋅ 2436825 MLS ⋅ ACTIVE Status
Discover modern comfort in this 2-story PNW Contemporary home featuring 2,220 sq ft, 4 spacious bedrooms, and 2.5 baths. The private primary suite offers a spa-like ensuite and walk-in closet, while the open-concept kitchen, dining, and living areas create a perfect flow for everyday living. 3 additional guest bedrooms, full bath, and bonus family room round out the upstairs area. A 3-car garage provides ample storage, and the second-floor laundry adds convenience. Nestled on a quiet half-acre lot with public utilities, this home is just minutes from Penn Cove, Whidbey Farm, and the classic drive-in—blending tranquility with local charm.

930 Cove View Circle, Oak Harbor

Listing courtesy of Keller Williams Western Realty.

$1,099,000
3 Beds ⋅ 3 Baths ⋅ 2428589 MLS ⋅ ACTIVE Status
HUGE PRICE IMPROVEMENT! An irresistible jewel of a home across the street from a sandy south-facing beach. 10-foot ceilings, high end appliances & finish work, along with 2 primary bedrooms, one on the main floor. The intimate floor plan accommodates a modern lifestyle, with room for many interests. The stylish color palette, impeccable quality, the light; this home is ready to move in and make it your own. Main floor primary features vaulted ceilings, en-suite, very spacious closet, drop down movie screen with a secret spot for the projector. Upstairs includes original primary and guest bedroom. Sweeping backyard with a beautiful established landscaped yard, stone patio, greenhouse, darling garden shed, raised beds and some amazing apple and Italian plum trees.

577 Scenic Heights Road, Oak Harbor

Listing courtesy of Century 21 North Homes Realty.

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