Escape to your own private retreat on a gated 6 acres just minutes from the Hood Canal Bridge. Thoughtfully updated & full of versatility, this exceptional property offers the perfect blend of comfort, privacy, & opportunity. At the heart of the home is a beautifully designed new kitchen addition, featuring quality finishes, abundant gathering space, & seamless flow into the dining area. New flooring enhances the fresh, modern feel throughout these living spaces. The luxurious primary suite is a true sanctuary, complete with a spacious bedroom, private sitting room or office, secluded deck, generous walk-in closet, & a spa-inspired en-suite bath with a walk-in steam shower. Lower level provides incredible flexibility, making it ideal for multigenerational living, guest quarters, a home-based business, or income-producing possibilities. This level features a large living area, bedroom, full bath, & kitchen, offering comfort & independence. Outside, the park-like grounds showcase mature landscaping, berries & established fruit trees, creating a peaceful setting that feels worlds away while remaining close to shopping, dining, recreation, & an easy commute via the Hood Canal Bridge. Rarely does a property offer this combination of privacy, space, modern updates, & endless potential. Whether you're seeking a tranquil homestead, a place to work from home, or room for extended living, this one-of-a-kind property delivers a lifestyle as flexible as it is inviting
Active
Listed by: Windermere R.E Port Ludlow • Sarah Lynn Perkins
Price cut: $45K (7/6)
$850,000
514 Bywater Way, Port Ludlow, WA 98365
4beds
3,456sqft
Single Family Residence
Built in 1993
6.04 Acres Lot
$818,500 Zestimate®
$246/sqft
$75/mo HOA
What's special
Mature landscapingSecluded deckLuxurious primary suiteSpa-inspired en-suite bathGenerous walk-in closetQuality finishesPark-like grounds
- 30 days |
- 767 |
- 36 |
Zillow last checked:
Listing updated:
Listed by:
Sarah Lynn Perkins,
Windermere R.E Port Ludlow
Source: NWMLS as distributed by MLS GRID,MLS#: 2535867
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Third
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Lower
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Third
Other
- Level: Lower
Den office
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Entry hall
- Level: Lower
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Lower
Heating
- Fireplace, Forced Air, Stove/Free Standing, Propane
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, See Remarks, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s), Water Heater: Electric, Water Heater Location: Lower level utility room
Features
- Bath Off Primary, Dining Room
- Flooring: Bamboo/Cork, Ceramic Tile, Carpet
- Windows: Dbl Pane/Storm Window
- Basement: Finished
- Number of fireplaces: 1
- Fireplace features: Gas, Upper Level: 1, Fireplace
Interior area
- Total structure area: 3,456
- Total interior livable area: 3,456 sqft
Property
Parking
- Parking features: Driveway, RV Parking
Features
- Levels: Multi/Split
- Entry location: Lower,Main
- Patio & porch: Second Kitchen, Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
- Has view: Yes
- View description: Territorial
Lot
- Size: 6.04 Acres
- Features: Corner Lot, Paved, Deck, Gated Entry, Outbuildings, Outdoor Fireplace, Propane, RV Parking
- Topography: Level,Partial Slope
- Residential vegetation: Brush, Fruit Trees, Garden Space, Wooded
Details
- Additional structures: ADU Beds: 1, ADU Baths: 1
- Parcel number: 821355034
- Zoning: Residential
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Multi Level
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Good
- Year built: 1993
- Major remodel year: 1993
Utilities & green energy
- Electric: Company: PUD
- Sewer: Septic Tank, Company: Septic
- Water: Public, Company: PUD
- Utilities for property: Starlink
Community & HOA
Community
- Features: CCRs, Gated
- Subdivision: Port Ludlow
HOA
- Services included: Road Maintenance
- HOA fee: $900 annually
Location
- Region: Port Ludlow
Financial & listing details
- Price per square foot: $246/sqft
- Tax assessed value: $636,178
- Annual tax amount: $5,635
- Date on market: 6/10/2026
- Cumulative days on market: 31 days
- Listing terms: Conventional
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), See Remarks, Stove(s)/Range(s), Washer(s)
Estimated market value
$818,500
$778,000 - $859,000
$4,414/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Price change | $850,000-5%$246/sqft |
Source:  NWMLS as distributed by MLS GRID #2535867 Report a problem | ||
| 6/11/2026 | Listed for sale | $895,000+159.4%$259/sqft |
Source: NWMLS as distributed by MLS GRID #2535867 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/1/2014 | Sold | $345,000-11.5%$100/sqft |
Source: NWMLS as distributed by MLS GRID #597259 Report a problem | ||
| 3/8/2014 | Price change | $389,900-10.8%$113/sqft |
Source: Owner Report a problem | ||
| 2/1/2014 | Listed for sale | $437,000+164.8%$126/sqft |
Source: Owner Report a problem | ||
| 7/1/2008 | Sold | $165,000$48/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,147 +25.8% | $636,178 +24.6% |
| 2023 | $4,092 -1.2% | $510,771 -3.7% |
| 2022 | $4,140 +9.8% | $530,660 +30.6% |
| 2021 | $3,771 -5.6% | $406,200 +8.8% |
| 2019 | $3,995 +5.1% | $373,371 +4.6% |
| 2018 | $3,801 +5.2% | $356,957 |
| 2017 | $3,611 -11.2% | $356,957 +8.7% |
| 2016 | $4,067 +11.3% | $328,287 +3.1% |
| 2015 | $3,655 +2.1% | $318,290 |
| 2014 | $3,581 | $318,290 +18.7% |
| 2013 | $3,581 +22% | $268,190 |
| 2010 | $2,935 | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 98365
Nearby schools
GreatSchools rating
- 5/10Chimacum Elementary SchoolGrades: 2-6Distance: 11.2 mi
- 5/10Chimacum High SchoolGrades: 7-12Distance: 11.2 mi
- NAChimacum Creek Primary SchoolGrades: PK-1Distance: 12.4 mi
- $175,0002.13 Acres0 Olympic Ridge Dr, Pt Ludlow, WA 98365Lot/Land
- $1,299,5003 bd5 ba4.7k sqft644 & 634 N Bywater Way, Pt Ludlow, WA 98365For Sale
- $1,199,0004 bd3 ba3.3k sqft124 Hoods View Ct, Port Ludlow, WA 98365For Sale
- $1,125,0003 bd4 ba3.5k sqft664 Olympic Ridge Dr, Port Ludlow, WA 98365Sold
- $764,0003 bd3 ba2.6k sqft160 Bywater Way, Port Ludlow, WA 98365Sold
- $1,279,0003 bd3 ba3.8k sqft713 Olympic Ridge Dr, Port Ludlow, WA 98365Sold
- $1,247,5003 bd3 ba3.9k sqft665 Olympic Ridge Dr, Port Ludlow, WA 98365Sold
- $1,170,0003 bd4 ba3.9k sqft582 Olympic Ridge Dr, Port Ludlow, WA 98365Sold
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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- Washington
- Jefferson County
- Port Ludlow
- 98365
- 514 Bywater Way
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