Listed by COMPASS
$5,800,000

291 Arbel Way Bellingham, WA 98229

Estimated payment $33,078/month

Total Views 8,816
0.91 Acre
$6,373,626 Price per Acre
39,640 Sq Ft Lot

Highlights

  • Views of a Sound
  • Home fronts a sound
  • Secluded Lot
  • Fairhaven Middle School Rated A-
  • Gated Community
  • Cul-De-Sac

About This Lot

Governors Point is a new enclave of 16 waterfront homes which will be designed by Omer Arbel. Just off Chuckanut Drive south of Bellingham, WA, the project sits on a pristine peninsula jutting into the Salish Sea. All homes will share a rigorous architectural language, which extends throughout the project, including private roads, gates, and other infrastructure. Buffered by a 100-acre nature reserve, the homes enjoy a grandfathered 75' saltwater setback and vistas overlooking the San Juan Islands. Each dwelling, on a +/- 1 acre lot, will be personalized by discerning buyers who appreciate ambitious design in intimate harmony with nature. San Juan Island lifestyle without the hassle of the ferry system.

Listing Agent

Derek Buse

COMPASS License #125708

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2302433

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,212

Lot Details

  • 0.91 Acre Lot
  • Home fronts a sound
  • Cul-De-Sac
  • Secluded Lot
  • Sloped Lot
  • Zoning described as RR5A

HOA Fees

  • $417 Monthly HOA Fees

Property Views

  • Views of a Sound
  • Bay
  • Territorial

Utilities

  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 3702264353080000

Community Details

Overview

  • Association fees include common area maintenance, road maintenance, security, snow removal
  • Governors Point Long Plat Condos
  • Chuckanut Subdivision
  • The community has rules related to covenants, conditions, and restrictions
  • Property is near a preserve or public land

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$4,212

Lot Details

0

HOA Fees

$417 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 40 - Res-Less thn 1 Ac
  • Buyer Agency Compensation: 2.5
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Governors Point Long Plat
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Brush,Evergreens,Heavily Forested
  • Restrictions: CC&R,NO Manufactured Homes,See Remarks
  • Special Features: None
  • Cumulative Days on Market: 194

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • View: Bay, Sound, Territorial
  • Lot Features: Adjacent to Public Land, Cul-De-Sac, Paved, Secluded
  • View: Yes
  • Waterfront Features: Bank-Medium, Saltwater, Sound
  • Waterfront: Yes
  • Structure Type: Unspecified
  • RoadInformation: Privately Maintained
  • RoadOnWhichSide: East
  • WaterJurisdiction: City of Bellingham
  • WaterAccess: Deeded Access,Tideland Rights

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Not Available
  • Water Source: Available, In Street
  • Security: SecurityGate, SecurityServices
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: No
  • Utilities: Common Area Maintenance, Electricity Available, Road Maintenance, Snow Removal
  • ElectricityStatus: In Street
  • GasStatus: Not Available
  • SepticDesignInstalled: false

Condo/Co-op/Association

  • Community Features: CCRs, Gated
  • Senior Community: No
  • Association Fee: 5000
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Area Maintenance, Road Maintenance, Security, Snow Removal
  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Bellingham
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3702264353080000
  • Topography: Sloped
  • Lot Size Acres: 0.91
  • Lot Size Sq Ft: 39640
  • Zoning Description: RR5A
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Record
  • ZoningJurisdiction: County
  • ZoningClass: Residential
  • LotNumber: 1
  • SlopeComment: Salish Sea

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4212

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2024 10/17/24 For Sale $5,800,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2302433

Northwest Multiple Listing Service (NWMLS)

Washington Whatcom County Bellingham 98229

291 Arbel Way, Bellingham, WA

Homes for Sale in Bellingham, WA

This home is located at 291 Arbel Way, Bellingham, WA 98229 and is currently priced at $5,800,000. 291 Arbel Way is a home located in Whatcom County with nearby schools including Happy Valley Elementary School, Fairhaven Middle School, and Sehome High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

Derek Buse
Listing Agent
Derek Buse
Section Image
COMPASS
(360) 873-5523