Listed by Windermere Real Estate Co.
$1,600,000
$275K PRICE DROP

10824 Vashon Hwy SW Vashon, WA 98070

Estimated payment $9,433/month

Total Views 4,781
3 Beds
5 Baths
3,576 Sq Ft
$447 Price per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • Wood Siding
  • Chautauqua Elementary School Rated A-
  • Baseboard Heating

About This Home

Vashon’s Only Commercial Waterfront Property Zoned NB, offers flexibility for mixed-use development; hospitality, retail +/or residential. This is a once-in-a-lifetime opportunity for a visionary entrepreneur to create a premier destination on Vashon Island. Just seconds from the ferry, this bustling property features a fully equipped commercial kitchen, bar/restaurant space w/permits, three apartments, parking for 6, & limitless potential. Envision a rooftop deck with breathtaking Pacific Northwest views, al fresco dining, exclusive events, craft cocktails, and boutique lodging. Perfectly positioned as the island’s hub for locals and visitors, this storied location awaits its next chapter, with the community eager for its revival.

Listing Agent

Kayse Gundram

Windermere Real Estate Co. License #125275 Listed on: 05/19/2025

Windermere Real Estate Co.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2378168

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,000

Year Built

  • Built in 1954

Lot Details

  • 6,586 Sq Ft Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 3,576 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Bathrooms

Parking

  • 6 Parking Spaces
  • Open Parking

Utilities

  • Baseboard Heating
  • Propane

Community Details

  • No Home Owners Association
  • Northend Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8887000260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,000

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1954
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 3576
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thank you for showing!
  • Special Features: None

Interior Features

  • Possible Use: Business, Commercial, Retail, See Remarks
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Hardwood, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Construction Type: Concrete, Wood
  • Exterior Features: Cement/Concrete, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Other – See Remarks
  • Heating Yn: Yes
  • WaterSewerGarbage: 9400

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 1600

Schools

  • Junior High Dist: Vashon Island

Lot Info

  • Parcel Number: 8887000260
  • Lot Size Acres: 0.1512
  • Lot Size Sq Ft: 6586
  • Zoning Description: Business,Commercial,Retail,See Remarks
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric, Propane

Rental Info

  • GrossRentMultiplier: 16.79
  • LeasedItems: None
  • TotalMonthlyIncome: 8000

Multi Family

  • Gross Scheduled Income: 111600
  • Net Operating Income: 79008
  • Number Of Units Total: 4
  • Electric Expense: 1000
  • Insurance Expense: 9591
  • Leasable Area: 3576
  • EnergySource: Electric,Propane
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 11000

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,074 $887,800 $217,300 $670,500
2023 $8,615 $737,000 $217,300 $519,700
2022 $8,516 $737,000 $214,000 $523,000
2021 $9,050 $694,900 $214,000 $480,900
2020 $8,222 $703,500 $214,000 $489,500
2018 $7,339 $592,600 $201,600 $391,000
2017 $6,438 $572,200 $192,000 $380,200
2016 $6,151 $530,500 $192,000 $338,500
2015 $6,270 $491,500 $192,000 $299,500
2014 -- $489,300 $192,000 $297,300
2013 -- $494,000 $192,000 $302,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2025 06/27/25 Price Changed $1,600,000 -14.7% $447 / Sq Ft
05/19/2025 05/19/25 For Sale $1,875,000 -- $524 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $313 None Listed On Document
Land Contract $1,000,000 None Available
Warranty Deed $435,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $965,000 Land Contract Argmt. Of Sale
Previous Owner $365,000 Seller Take Back
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2378168

Northwest Multiple Listing Service (NWMLS)

APN: 888700-0260