1510 40th Street, Bellingham, WA 98229

$2,299,000
3
BD
3
BA
2,326
SqFt

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Listing courtesy of Keller Williams Western Realty.

List Price
$2,299,000
Status
ACTIVE
MLS#
2571857
Price Change
▲ $1,000,000 1787275425
Days on Market
2
Bedrooms
3
Finished SqFt
2,326
Area Total SqFt
2326
Annual Tax Ammount
9083
Internet Provider
Xfinity
Lot Size (sq ft)
198,634
Fireplace
Yes
Sewer
Septic Tank

Property Description

A rare South Bellingham development opportunity! This 4.56-acre property offers exceptional potential for up to 60 residential units under Bellingham’s expanded middle-housing regulations. The elevated upper portion of the property—where the existing home is situated—provides potential views of Puget Sound & the San Juan Islands. The spacious 3-bedroom, 2.75-bath home features an open floor plan, dramatic vaulted ceilings throughout the common areas & bedrooms. Floor-to-ceiling windows that fill the interior with natural light. A mini-split provides efficient heating & cooling, while the freestanding wood stove offers secondary heat and inviting ambience. Additional features include a tankless water heater and flexible possibilities for continued residential use, phased development or a larger housing project. Located on Bellingham’s desirable south side, immediately adjacent to the prestigious Samish Crest Highlands neighborhood and convenient to Lake Padden’s trails, golf course, swimming, fishing, dog park, sports courts and other recreational amenities. The seller is willing to work with a buyer who wants to subdivide and purchase a portion of the property at an agreed upon reduced price for construction of one or more homes, w/the buyer responsible for subdivision and related costs. Buyer to verify development & unit potential, subdivision feasibility and all associated requirements with the City of Bellingham.

Additional Information

Community
Samish
Style
10 - 1 Story
Basement
None
Year Built
1964
Total Covered Parking
2
View
Bay, Islands, Ocean, Sea, See Remarks, Sound
Roof
Composition
Site Features
Cable TV, High Speed Internet, RV Parking
Tax Year
2026
School District
Bellingham
Elementary School
Happy Vly Elem
Middle School
Fairhaven Mid
High School
Sehome High
Potential Terms
Cash, Rehab Loan, See Remarks
Interior Features
Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, High Tech Cabling, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
Flooring
Concrete
Driving Directions
From the north exit 252 Samish Way. Go east up the hill (Elwood Ave). At the top take a right (south) on 40th St. Left on gravel driveway serving several homes. First branch on the right to subject.
Appliance
Dryer, Microwave, Stove(s)/Range(s), Washer
Appliances Included
Dryer(s), Microwave(s), Stove(s)/Range(s), Washer(s)
Water Heater Location
Laundry Room
Water Heater Type
Electric Tankless
Energy Source
Electric, Wood
Based on information submitted to the MLS GRID as of . 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.
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