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$2,800,000
2548704 MLS ACTIVE Status
Positioned along one of Whidbey Island’s most iconic waterfront corridors, this rare mixed-use investment opportunity offers over 60 feet of coveted commercial frontage in the heart of historic Coupeville. The meticulously restored seven-unit property includes four street-level commercial spaces and three licensed short-term rental units, creating diversified income potential in a highly sought-after destination market. Nearly every unit captures sweeping views of Penn Cove, with front-row access to the island’s marine wildlife, boating activity, and vibrant waterfront atmosphere.Extensive capital improvements have already been completed, including new pilings, siding, and major system upgrades, allowing investors to step into a stabilized asset with strong operational history and immediate cash flow. Offered with two parcels, the property also presents future upside through expansion, redevelopment potential, or continued optimization of rental income. Located minutes from Fort Ebey, the Coupeville–Port Townsend ferry, and convenient routes to Seattle, Bellevue, and Everett, this is a rare opportunity to acquire a legacy waterfront asset in one of the Pacific Northwest’s most desirable tourism-driven markets.

10 Front Street NW, Coupeville

Listing courtesy of COMPASS.

$1,695,000
4 Beds 3 Baths 2528039 MLS ACTIVE Status
Step into a rare piece of Whidbey Island history in the heart of downtown Coupeville. This beautifully preserved Italianate Victorian, originally built by John Gould in 1894, blends timeless character with thoughtfully elevated modern living. Set on 3 oversized lots, this iconic 4-bedroom, 3-bath residence blends timeless character with thoughtful updates that make everyday living feel elegantly elevated. Inside, you’ll find soaring ceilings, abundant natural light, and original detailing throughout. The unmistakable charm only a historic home can offer is paired with fresh interior paint, newer roof, high-end chef’s kitchen, updated electrical and plumbing, efficient heat pump for heating and cooling, and new carpet—all offering comfort and peace of mind. The stunningly updated bathrooms introduce a bold designer touch with luxurious finishes and a modern aesthetic that beautifully complements the home’s original soul. With generous living spaces, multiple bedrooms for guests, entertaining, or work-from-home flexibility, and expansive outdoor spaces rarely found in downtown Coupeville, this property is an entertainer’s dream with endless possibilities to garden, gather, relax, and enjoy the magic of coastal living. Located moments from Coupeville’s historic waterfront district, parks, restaurants, shops, and beaches, this is more than a home—it’s a legacy property and a once-in-a-generation opportunity to own one of Whidbey Island’s truly remarkable historic residences.

501 NE 9th Street, Coupeville

Listing courtesy of Windermere Whidbey Island.

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