Panorama Point lives up to its name, perched on a southeast-facing point with an exceptional connection to the surrounding waters & natural beauty of Orcas Island. Expansive windows & soaring ceilings in the great room capture stunning waterfront views & fill the home with natural light throughout the day, creating an inviting & uplifting living space. A beautiful stone fireplace with a wood-burning insert provides warmth & ambiance, making the great room an ideal place to gather on cozy island evenings while enjoying the ever-changing scenery beyond. Thoughtfully designed to embrace both privacy & setting, and completely renovated in 2000, the home sits on nearly five acres of peaceful waterfront property. As you wind down the drive through the wooded landscape, the property offers a wonderful sense of arrival and seclusion. The generous acreage & installed 5 BD septic system provide room to further enhance the property and create a truly remarkable island estate. The home features four bedrooms (one in the loft with dramatic views), two full bathrooms, a loft, and a den, offering comfortable accommodations for owners and guests alike. Whether enjoyed as a private retreat or shared with visitors, the home is perfectly suited to island living. With an active vacation rental permit and a long-standing history of strong rental income, Panorama Point presents a rare opportunity to own a beautiful waterfront home on Orcas Island that also serves as a proven investment property.
Active
Listed by: True North Realty • Mariah P. Dunning
Price cut: $189K (6/25)
$2,799,000
122 Lohman Lane, Orcas Island, WA 98245
4beds
1,881sqft
Single Family Residence
Built in 1969
4.57 Acres Lot
$-- Zestimate®
$1,488/sqft
$-- HOA
What's special
Stunning waterfront viewsWooded landscapeExpansive windowsSoutheast-facing point
- 112 days |
- 843 |
- 44 |
Zillow last checked:
Listing updated:
Listed by:
Mariah P. Dunning,
True North Realty,
George Edwin Beebe,
True North Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2492969
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Second
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Second
Bathroom full
- Level: Second
Bathroom full
- Level: Main
Den office
- Level: Second
Entry hall
- Level: Main
Great room
- Level: Main
Kitchen with eating space
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Wood
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, See Remarks, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s)
Features
- Bath Off Primary
- Flooring: Ceramic Tile, Hardwood, Carpet
- Windows: Dbl Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,881
- Total interior livable area: 1,881 sqft
Property
Parking
- Parking features: Driveway
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Bath Off Primary, Dbl Pane/Storm Window, Fireplace, Vaulted Ceiling(s)
- On waterfront: Yes
- Waterfront features: Medium Bank, Ocean Front, Saltwater, Sea, Sound
Lot
- Size: 4.57 Acres
Details
- Parcel number: 272650006000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 2 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Metal
Condition
- Year built: 1969
- Major remodel year: 2000
Utilities & green energy
- Electric: Company: OPALCO
- Sewer: Septic Tank
- Water: Individual Well
- Utilities for property: Rockisland
Community & HOA
Community
- Subdivision: Eastsound
Location
- Region: Eastsound
Financial & listing details
- Price per square foot: $1,488/sqft
- Tax assessed value: $3,849,140
- Annual tax amount: $25,918
- Date on market: 3/16/2026
- Cumulative days on market: 113 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), See Remarks, Stove(s)/Range(s), Washer(s)
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Price change | $2,799,000-6.3%$1,488/sqft |
Source:  NWMLS as distributed by MLS GRID #2492969 Report a problem | ||
| 3/17/2026 | Listed for sale | $2,988,000$1,589/sqft |
Source: NWMLS as distributed by MLS GRID #2492969 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $25,919 +22.3% | $3,849,140 +4.5% |
| 2024 | $21,185 +20.3% | $3,683,690 +11.3% |
| 2023 | $17,606 +13% | $3,310,250 +25.1% |
| 2022 | $15,584 | $2,646,770 |
| 2021 | -- | -- |
| 2020 | -- | -- |
| 2019 | -- | $1,152,160 +2.9% |
| 2018 | $8,610 | $1,119,990 +3.6% |
| 2017 | $8,610 -6.1% | $1,081,240 +1% |
| 2016 | $9,165 | $1,070,960 -0.6% |
| 2015 | $9,165 | $1,077,210 +6.6% |
| 2014 | $9,165 | $1,010,230 +6.7% |
| 2012 | $9,165 | $946,560 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $953,170 |
| 2007 | -- | $953,170 +43.5% |
| 2004 | -- | $664,440 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 98245
Nearby schools
GreatSchools rating
- 7/10Orcas Island Elementary SchoolGrades: K-5Distance: 2.1 mi
- 9/10Orcas Island Middle SchoolGrades: 6-8Distance: 2.1 mi
- 9/10Orcas Island High SchoolGrades: 9-12Distance: 2.1 mi
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- Washington
- San Juan County
- Eastsound
- 98245
- 122 Lohman Lane
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