Stunning 40.5-acre development and investment opportunity in highly sought-after Kingston. Formerly part of a larger 116-acre legacy holding, this exceptional property offers gently sloping topography, abundant sunlight, peaceful natural surroundings, and significant future potential. Zoned RR, the property presents an outstanding opportunity for a luxury estate, gated compound, equestrian retreat, vineyard concept, or potential future development play. Existing improvements include a 2-bedroom, 2-bath residence, expansive shop, and substantial covered equipment/RV storage. Residence is a fixer & being sold as-is and may serve well as an interim residence, rental, field office, or staging base during planning and development. Possible KPUD water availability adds additional long-term upside potential for investors and developers to explore. Prime North Kitsap location just minutes to Kingston ferries, golf, beaches, trails, Indianola, and area amenities. Property is contiguous to an additional available 40-acre parcel & another non-contiguous 35 acre parcel, creating the rare potential for a combined large-acreage assemblage. Additional acreage opportunities may also be available. Shown by appointment only.
Active
Listed by: The Agency Bainbridge Island • Per Sherwin
Price cut: $145.6K (8/4)
$1,350,403
12426 NE Philip Drive S, Kingston, WA 98346
3beds
2,146sqft
Single Family Residence
Built in 1981
40.5 Acres Lot
$1,315,300 Zestimate®
$629/sqft
$-- HOA
What's special
Expansive shopPeaceful natural surroundings
- 97 days |
- 362 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Per Sherwin,
The Agency Bainbridge Island
Source: NWMLS as distributed by MLS GRID,MLS#: 2524425
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bathroom full
- Level: Lower
Bathroom full
- Level: Main
Den office
- Level: Lower
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Lower
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Lower
Heating
- Fireplace, Heat Pump, Stove/Free Standing, Electric
Cooling
- Heat Pump
Appliances
- Included: Stove(s)/Range(s), Washer, Washer(s), Water Heater: Electric, Water Heater Location: Lower Level
Features
- Bath Off Primary, Ceiling Fan(s), Dining Room
- Flooring: Concrete, Hardwood, Vinyl
- Windows: Skylight(s)
- Basement: Daylight,Partially Finished
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Upper Level: 1, Fireplace
Interior area
- Total structure area: 2,146
- Total interior livable area: 2,146 sqft
Property
Parking
- Total spaces: 5
- Parking features: Driveway, RV Parking
- Uncovered spaces: 5
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Dining Room, Fireplace, Skylight(s), Vaulted Ceiling(s), Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Size: 40.5 Acres
- Dimensions: 1331 x 1227 x 1342 x 1323
- Features: Open Lot, Secluded, Value In Land, Outbuildings, RV Parking
- Topography: Equestrian,Partial Slope
- Residential vegetation: Brush, Fruit Trees, Garden Space, Pasture
Details
- Parcel number: 12260240012001
- Zoning: RR
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,2 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Fixer
- Year built: 1981
- Major remodel year: 1981
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Individual Well, Company: Private well
- Utilities for property: Century Link, Century Link
Green energy
- Energy efficient items: Double Wall
Community & HOA
Community
- Subdivision: President Point
Location
- Region: Kingston
Financial & listing details
- Price per square foot: $629/sqft
- Tax assessed value: $358,340
- Annual tax amount: $3,407
- Date on market: 5/15/2026
- Cumulative days on market: 99 days
- Listing terms: Conventional
- Inclusions: Stove(s)/Range(s), Washer(s)
Estimated market value
$1,315,300
$1.25M - $1.38M
$3,124/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Price change | $1,350,403-9.7%$629/sqft |
Source:  NWMLS as distributed by MLS GRID #2524425 Report a problem | ||
| 5/16/2026 | Listed for sale | $1,496,000$697/sqft |
Source: NWMLS as distributed by MLS GRID #2524425 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,266 +23.8% | $358,340 +21.6% |
| 2024 | $2,638 +4.7% | $294,770 +1.3% |
| 2023 | $2,520 -1.5% | $291,080 +0.1% |
| 2022 | $2,557 +16% | $290,880 +21.9% |
| 2021 | $2,205 -0.3% | $238,530 +9.4% |
| 2020 | $2,212 +3021.1% | $218,080 +3060.6% |
| 2019 | $71 -59% | $6,900 +2.8% |
| 2018 | $173 | $6,710 |
| 2017 | $173 +1.5% | $6,710 +5% |
| 2016 | $170 +0.8% | $6,390 +2.2% |
| 2015 | $169 | $6,250 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98346
Nearby schools
GreatSchools rating
- 6/10Richard Gordon Elementary SchoolGrades: PK-5Distance: 3.8 mi
- 3/10Kingston Middle SchoolGrades: 6-8Distance: 3.5 mi
- 9/10Kingston High SchoolGrades: 9-12Distance: 3.6 mi
- $3,495,0003 bd2 ba2.1k sqft12426 NE Phillip Dr S, Kingston, WA 98346For Sale
- $460,0003 bd2 ba1.6k sqft12100 NE Philip Pl, Kingston, WA 98346Sold
- $575,0003 bd3 ba1.7k sqft12034 NE Philip Pl, Kingston, WA 98346Sold
- $451,0003 bd2 ba1.2k sqft12395 NE Philip Dr, Kingston, WA 98346Sold
- $50,0000.39 acres21118 Howard Ave NE, Kingston, WA 98346Sold
- $265,0003 bd2 ba1.4k sqft12508 NE Phillip Dr, Kingston, WA 98346Sold
- $535,0003 bd2 ba1.5k sqft12450 NE Douglas Dr, Kingston, WA 98346Sold
- $1,145,00640.31 acres0 Kingston, Pt Gamble, WA 98364Lot/Land
A local agent can set up tours, give advice and negotiate with sellers.
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