Listed by Realogics Sotheby's Int'l Rlty
$2,395,000

507 Race Rd Coupeville, WA 98239

Estimated payment $13,740/month

Total Views 76
3 Beds
2.5 Baths
2,606 Sq Ft
$919 Price per Sq Ft

Highlights

  • 770 Feet of Waterfront
  • Ocean View
  • Home fronts a creek
  • Coupeville Elementary School Rated A-
  • Spa
  • RV Access or Parking

About This Home

Experience 770 feet of waterfront surrounding a crystal-clear lagoon that is continuously replenished by the adjoining Saratoga Passage known for its deep-water boat traffic. Race Lagoon serves as a peaceful bird sanctuary for the White Pelican, herons, eagles, owls and more. Set on 2.4 PRIVATE, level acres, this extraordinary retreat offers breathtaking water views from nearly every room. Launch a kayak or paddleboard from your shoreline, paddle directly into the open waters of Saratoga Passage, and enjoy one of Whidbey Island's most desired waterfront settings. Inside, this extraordinary timber-framed home features soaring vaulted ceilings with dramatic exposed beams and walls of glass that frame the spectacular views while seamlessly connecting to a private courtyard. The main-level primary suite and great room open to an entertainer's dream, complete with a hot tub, outdoor kitchen, fire pit, and the sparkling lagoon with Mt Baker as your backdrop. Radiant-heated concrete floors and a gas fireplace provide year-round comfort. A proven luxury vacation rental, this property is one of Whidbey Island's most sought-after VRBO generating exceptional rental income thanks to its rare waterfront setting, privacy, resort-style amenities, and unforgettable guest experience.

Listing Agent

Alex Thomas

Realogics Sotheby's Int'l Rlty License #87486 Listed on: 07/05/2026

Realogics Sotheby's Int'l Rlty

Co-Listing Agent

Kristopher Lee

Realogics Sotheby's Int'l Rlty License #123722

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2549084

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,565

Year Built

  • Built in 2006

Lot Details

  • 2.44 Acre Lot
  • Home fronts a creek
  • 770 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • Home fronts a canal
  • Open Space
  • Level Lot
  • Garden
  • Property is in very good condition

Property Views

  • Ocean
  • Views of a Sound
  • Bay
  • Strait Views

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,606 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Gas Fireplace
  • French Doors
  • Dining Room
  • Loft

Kitchen

  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Wine Refrigerator

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathroom on Main Level
  • Spa Bath

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • RV Access or Parking

Outdoor Features

  • Spa
  • Deck
  • Patio

Utilities

  • High Efficiency Air Conditioning
  • Radiant Heating System
  • Propane
  • Water Heater
  • Septic Tank
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Built by Clifton View Homes
  • Race Lagoon Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number R231073463910

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,565

Year Built

Built in 2006

Lot Details

2.44 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 12 - 2 Story
  • Year Built: 2006
  • Inclusions: Dishwasher(s),Double Oven,Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Active
  • Prev Status: Active
  • Architectural Style: Contemporary
  • Unit Levels: Two
  • New Construction: No
  • Structure Type: House
  • CalculatedSquareFootage: 2606
  • SeniorExemption: false
  • NWM_ADUCount: 0
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Private Spa: Yes
  • Appliances: Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Concrete, Carpet
  • Interior Amenities: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Hot Tub/Spa, Loft, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wine/Beverage Refrigerator
  • Living Area: 2606
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • BathsFullMain: 1
  • SquareFootageFinished: 2606
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 2
  • AppliancesIncluded: Dishwasher(s),Double Oven,Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)

Exterior Features

  • Roof: Composition
  • View: Bay, Islands, Mountains, Ocean, See Remarks, Sound, Strait
  • Lot Features: Open Space, Paved
  • View: Yes
  • Waterfront Features: Bayfront, Canal Front, Creek, No Bank, Saltwater
  • Waterfront: Yes
  • Builder Name: Clifton View Homes
  • Construction Type: Cement Plank
  • Exterior Features: Cement Planked
  • Foundation Details: Slab
  • Property Condition: Very Good
  • WaterfrontFootage: Approx 770'
  • WaterAccess: Community Waterfront/Pvt Beach,Deeded Access

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, RV Parking
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Cooling: 90%+ High Efficiency, Central Air, Radiant
  • Cooling Y N: Yes
  • Heating: Radiant
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Race Lagoon
  • WaterHeaterType: Propane

Condo/Co-op/Association

  • Community Features: CCRs
  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: R231073463910
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 2.44
  • Lot Size Sq Ft: 106286
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet,Hot Tub/Spa,Patio,Propane,RV Parking
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric, Propane

Rental Info

  • ShortTermRentalYN: true

Tax Info

  • Year: 2026
  • Tax Annual Amount: 10565

Multi Family

  • EnergySource: Electric,Propane

MLS Schools

  • Elementary School: Buyer To Verify

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $10,538 $1,478,324 $750,000 $728,324
2024 $11,615 $1,489,594 $725,000 $764,594
2023 $11,615 $1,473,258 $700,000 $773,258
2022 $10,912 $1,281,085 $575,000 $706,085
2021 $9,062 $1,194,438 $575,000 $619,438
2020 $8,828 $1,049,848 $450,000 $599,848
2019 $8,127 $1,004,067 $500,000 $504,067
2018 $8,729 $897,250 $400,000 $497,250
2017 $8,101 $850,029 $350,000 $500,029
2016 $8,976 $855,585 $350,000 $505,585
2015 -- $911,140 $400,000 $511,140
2013 -- $891,816 $369,564 $522,252
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/05/2026 07/05/26 For Sale $2,395,000 +181.8% $919 / Sq Ft
02/11/2016 02/11/16 Sold $850,000 0.0% $326 / Sq Ft View Prior Sale
12/22/2015 12/22/15 Pending -- -- --
09/24/2015 09/24/15 Price Changed $850,000 -2.9% $326 / Sq Ft
08/18/2015 08/18/15 Price Changed $875,000 -1.7% $336 / Sq Ft
07/14/2015 07/14/15 For Sale $890,000 0.0% $342 / Sq Ft
06/15/2015 06/15/15 Pending -- -- --
05/22/2015 05/22/15 For Sale $890,000 -- $342 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $850,000 Premier Title Of Island Cnty
Warranty Deed $144,000 Chicago Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $680,000 New Conventional
Previous Owner $108,000 Purchase Money Mortgage
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2549084

Northwest Multiple Listing Service (NWMLS)

APN: R23107-346-3910

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