A rare opportunity to own a corner lot of .18 acres within prime downtown Winslow zoning. (CORE/Town Center/Madison Overlay). Strategic land banking with appreciation potential in this coveted location while local governance zoning decisions are made over the next few years. Currently occupied as an employee parking lot for the USPS, this 4.11% Annual return on your investment is backed by a secure 5+ year Ground Lease located adjacent existing above-ground multi-family housing and just up the street from the Waterfront Park.
Active
Listed by: Windermere RE Bainbridge • Jan Johnson
$1,400,000
240 Shannon Drive SE, Bainbridge Island, WA 98110
--beds
--baths
7,840Square Feet
Unimproved Land
Built in ----
7,840 Square Feet Lot
$700,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 33 days |
- 283 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Jan Johnson,
Windermere RE Bainbridge
Source: NWMLS as distributed by MLS GRID,MLS#: 2552635
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 7,840 Square Feet
- Features: Corner Lot, Partially Cleared
- Topography: Level
Details
- Parcel number: 41140000070000
- Zoning: CORE-Madison Overlay
- Zoning description: Multi-Family,Residential,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Gas: Not Available
- Sewer: In Street
- Water: In Street, Jurisdiction: COBI
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: Boat Launch, Park
- Subdivision: Bainbridge Island
Location
- Region: Bainbridge Island
Financial & listing details
- Tax assessed value: $780,380
- Annual tax amount: $5,936
- Date on market: 7/12/2026
- Cumulative days on market: 35 days
- Road surface type: Paved
Estimated market value
$700,600
$539,000 - $883,000
$5,229/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listed for sale | $1,400,000+812.3% |
Source:  NWMLS as distributed by MLS GRID #2552635 Report a problem | ||
| 7/28/2021 | Sold | $153,460-56% |
Source: Public Record Report a problem | ||
| 6/17/2009 | Sold | $349,000+7.6% |
Source: NWMLS as distributed by MLS GRID #29059207 Report a problem | ||
| 4/8/2004 | Sold | $324,218+27.1% |
Source: Public Record Report a problem | ||
| 3/29/2000 | Sold | $255,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,256 +1.8% | $780,380 |
| 2024 | $6,147 +4.7% | $780,380 |
| 2023 | $5,872 -4.4% | $780,380 |
| 2022 | $6,142 -11% | $780,380 +4.5% |
| 2021 | $6,904 +2% | $746,600 +7% |
| 2020 | $6,771 +13.8% | $697,810 +13% |
| 2019 | $5,952 -2.3% | $617,290 +29.7% |
| 2018 | $6,092 | $475,780 |
| 2017 | $6,092 +21.7% | $475,780 +7.3% |
| 2016 | $5,007 +2.1% | $443,300 +14.5% |
| 2015 | $4,905 | $387,040 +10.1% |
| 2014 | $4,905 +16.4% | $351,480 +7% |
| 2013 | $4,215 +12.1% | $328,500 -1.3% |
| 2012 | $3,761 +7.2% | $332,680 |
| 2011 | $3,508 -3.4% | $332,680 -8.8% |
| 2010 | $3,631 +362958% | $364,920 -8.2% |
| 2009 | $1 -100% | $397,430 -7.2% |
| 2008 | $3,647 +4.1% | $428,080 +14.9% |
| 2007 | $3,505 | $372,650 +32.1% |
| 2005 | -- | $282,000 |
| 2002 | -- | $282,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 98110
Nearby schools
GreatSchools rating
- 9/10Ordway Elementary SchoolGrades: K-4Distance: 1.1 mi
- 9/10Woodward Middle SchoolGrades: 7-8Distance: 1.7 mi
- 10/10Bainbridge High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Middle: Woodward Mid
- High: Bainbridge Isl
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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