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$799,000
3 Beds ⋅ 2 Baths ⋅ 2560051 MLS ⋅ ACTIVE Status
The Feasibility Study is ready for a Developer, or an Investor, who is looking in Bellingham’s highly desired South Hill Neighborhood, and have views of the Bay, Islands, and Mountains. A short walk away is the Fairhaven Historic District, downtown Bellingham, our Farmer’s Market, WWU, and access to Bellingham’s scenic 32-mile trail system. Each of the two existing mirror-image units offers a private entrance, one-bedroom, full bath, kitchen, and living room, making it equally suited for an owner-occupant looking to offset their mortgage, or an investor seeking steady, reliable rental returns. Currently, the two units produce $2,900 per month. The development study allows for two more units, which will increase the cash flow significantly! The demand for rentals here is consistent and strong — and the waterfront northwest lifestyle appeal, makes attracting quality tenants effortless. In summary, whether you're looking for a live-in investment, building a rental portfolio, or positioning for future redevelopment, this is a versatile asset in one of Bellingham's most sought-after corridors. With views, walkability, and land value all in one. Finding a South Hill, or Fairhaven property like this, is very rare. With climate change, rising temperatures in most southern states, the Pacific Northwest will continue to grow, why not make this property part of your portfolio! If you would like additional information and the development feasibility report, just ask your broker for one.

522 12th Street, Bellingham

Listing courtesy of Coldwell Banker Bain.

$335,000
2 Beds ⋅ 1 Baths ⋅ 2517733 MLS ⋅ ACTIVE Status
Private island living at its best on Eliza Island. This high bank, west-facing waterfront cabin is perfectly positioned to capture stunning sunset views over the San Juan Islands. Recently remodeled, this 2-bedroom, 1-bath retreat features an open-concept main living area with floor-to-ceiling windows, warm bamboo flooring, and a durable metal roof—bringing in natural light while complementing the coastal setting. Designed for easy, off-grid living, the property includes a storage shed for all your beach and outdoor gear, with nearby beach access just a short walk or golf cart ride away. Spend your days exploring the shoreline, paddleboarding, beachcombing, or hosting laid-back weekends, then unwind each evening with breathtaking sunsets from your own cabin. Eliza Island is a private island community just 8 miles from Bellingham, offering beach access points, tideland rights, a private airstrip (WA93), park areas, and a full-time caretaker. Primarily a vacation destination, this is a rare opportunity to own a peaceful Pacific Northwest getaway. Ideal for personal use or shared ownership with friends or loved ones.

48 Eliza Island, Bellingham

Listing courtesy of Windermere RE Whatcom, Inc..

$185,000
1 Beds ⋅ 1 Baths ⋅ 2502486 MLS ⋅ ACTIVE Status
Searching for a private island getaway? These charming, tiny cabins on Eliza Island offer a rare opportunity to own a peaceful retreat in the San Juan Islands region of Whatcom County. Designed for simple living, one cabin features a cozy living area, loft bedroom, and the other a full kitchen and bathroom with a shower—perfect for weekend escapes off the grid. Situated on a quiet interior lot just shy of one acre, the property is surrounded by mature trees with easy access to nearby beaches, shoreline walks, and island exploration. A 3-bedroom septic is already installed, creating flexibility to build an additional cabin up to 1,450 sq ft and expand into a multi-cabin retreat. This property is especially well-suited for shared ownership—consider partnering with friends or colleagues to create your own private retreat experience. In addition to the cabins, the property offers space to host—bring tents, gather around the fire, and create your own camping experience. Spend your days exploring the beaches, paddleboarding, beachcombing, and enjoying the simple fun of being surrounded by nature. It’s the kind of place where memories are made. While short-term rentals are not allowed on Eliza Island, co-ownership offers a smart and enjoyable way to maximize use and make island living more accessible. Located approximately 20 minutes from Bellingham by boat, plane, or with the walk-on water taxi access available for added convenience. No rentals allowed.

89 Eliza Island, Bellingham

Listing courtesy of Windermere RE Whatcom, Inc..

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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