Listed by Coldwell Banker Best Homes, Bought with Bainbridge Homes Real Estate
$1,363,000
SOLD SEP 25, 2025

873 Olele Point Rd Port Ludlow, WA 98365

2 Beds
5 Baths
3,564 Sq Ft
0.61 Acres

Recently Sold

$382 Per Sq Ft

8% Below List Price

Highlights

  • Low Bank Waterfront Property
  • RV Access or Parking
  • Fireplace in Primary Bedroom
  • Views of a Sound
  • Two Primary Bedrooms
  • Deck

About This Home

As of September 2025

The pictures say it all! Waterfront living with sweeping views of Admiralty Inlet and the Cascade's including majestic Mt Baker. Take easy stairs down to your own shared cove. This home was custom designed for the lot with each room facing the water view - most feature deck or patio access. Main-level living with spacious rooms including the living room and the primary suite, both of which feature a wood-burning fireplace. The wrap around deck, with skylights, is partially covered. A bonus room with outside access offers a great space for a studio or an office. 3 garage bays. Lush grounds with room for an RV and/or a shop. Lower-level family room with a woodburning fireplace & wet bar. Located on a quiet street. Possible seller-financing.

Last Agent to Sell the Property

Karen Best

Coldwell Banker Best Homes License #9186 Listed on: 06/04/2025

Coldwell Banker Best Homes

Last Buyer's Agent

Kimberly Coletti

Bainbridge Homes Real Estate License #22033588

Bainbridge Homes Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2387662

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,741

Year Built

  • Built in 1994

Lot Details

  • 0.61 Acre Lot
  • Low Bank Waterfront Property
  • Waterfront
  • Street terminates at a dead end
  • East Facing Home
  • Level Lot
  • Garden

Parking

  • 3 Car Attached Garage
  • RV Access or Parking

Property Views

  • Views of a Sound
  • Bay
  • Mountain

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,564 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Skylights
  • 3 Fireplaces
  • Wood Burning Fireplace
  • French Doors
  • Dining Room
  • Storm Windows
  • Finished Basement

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Wine Refrigerator

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Additional Homes

  • Number of ADU Units: 0

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Shared Well
  • Septic Tank
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Oak Bay Subdivision

Listing and Financial Details

  • Legal Lot and Block 22 & 23 / 1028
  • Assessor Parcel Number 977400016

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,741

Year Built

Built in 1994

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1994
  • Inclusions: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Olele Point
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 3564
  • SeniorExemption: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 3
  • Basement: Finished
  • Appliances: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Second Primary Bedroom, Bath Off Primary, Double Pane/Storm Window, Dining Room, Fireplace, Fireplace (Primary Bedroom), French Doors, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Wine/Beverage Refrigerator
  • Living Area: 3564
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 1
  • BathsFullMain: 0
  • SquareFootageFinished: 3564
  • SquareFootageUnfinished: 0
  • BathsFullLower: 1
  • BathsFullUpper: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 2
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)

Exterior Features

  • Roof: Composition
  • View: Bay, Mountain(s), Sound
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront Features: Low Bank, Medium Bank, Saltwater
  • Waterfront: Yes
  • Construction Type: Wood
  • Direction Faces: East
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • BusLineNearby: false
  • WaterAccess: Deeded Access,Tideland Rights

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, RV Parking
  • Total Parking Spaces: 3

Utilities

  • Sewer: Septic Tank
  • Water Source: Shared Well
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump
  • Heating Yn: Yes
  • PowerCompany: JPUD
  • SewerCompany: Septic
  • WaterCompany: Well
  • CableConnected: Astound
  • InternetConnected: Astound

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Chimacum #49

Lot Info

  • Parcel Number: 977400016
  • Topography: Level,Partial Slope,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.61
  • Lot Size Sq Ft: 26572
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: County
  • LotNumber: 22 & 23

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2025
  • Tax Annual Amount: 8740.88

Multi Family

  • EnergySource: Electric,Wood

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2025
Closed on
Sep 23, 2025
Sold by
Cavalier Janine and Cavalier Gary
Bought by
Duncan Jeannie Lee
Seller's Agent
Karen Best
Coldwell Banker Best Homes
Buyer's Agent
Kimberly Coletti
Bainbridge Homes Real Estate
List Price
$1,489,000
Sold Price
$1,363,000
Premium/Discount to List
-$126,000
-8.46%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-61.85%
Original Mortgage
$1,090,400
Outstanding Balance
$1,090,400
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$159,361

Purchase Details

Closed on
May 21, 2021
Sold by
Cavalier Janine and Cavalier Janine Lynn
Bought by
Cavalier Janine and Cavalier Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,200
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2019
Sold by
Cavalier Janine Lynn and Estate Of Joseph R Levasseur
Bought by
Cavalier Janine Lynn

Purchase Details

Closed on
Jul 20, 2016
Sold by
Levasseur Joseph R and Estate Of Donna Le Vasseur
Bought by
Levasseur Living Trust Qtip Trust B

Purchase Details

Closed on
Apr 17, 2014
Sold by
Strauss Kathleen and Honan Thomas Robert
Bought by
Levasseur Joseph Reginald and Levasseur Donna L

Purchase Details

Closed on
Mar 3, 2014
Sold by
Lavasseur Joseph Reginald and Lavasseur Donna L
Bought by
Strauss Kathleen and Honan Thomas Robert

Purchase Details

Closed on
May 9, 2012
Sold by
Thomas Julie Ana
Bought by
Levasscor J R and Levasscor Donna L
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,363,000 Aegis Title
Interfamily Deed Transfer -- Jefferson Title Company
Interfamily Deed Transfer -- None Available
Personal Reps Deed $280 None Available
Interfamily Deed Transfer -- Jefferson Title Co Inc
Interfamily Deed Transfer -- Jefferson Title Co Inc
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,090,400 New Conventional
Previous Owner $391,200 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2025 09/25/25 Sold $1,363,000 -5.9% $382 / Sq Ft
08/24/2025 08/24/25 Pending -- -- --
08/04/2025 08/04/25 Price Changed $1,448,000 -2.8% $406 / Sq Ft
06/04/2025 06/04/25 For Sale $1,489,000 -- $418 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

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 $8,059 $1,089,836 $392,013 $697,823
2023 $8,059 $1,018,858 $351,375 $667,483
2022 $7,296 $983,518 $346,375 $637,143
2021 $7,159 $796,156 $296,750 $499,406
2020 $6,778 $735,423 $273,010 $462,413
2019 $6,546 $674,690 $249,270 $425,420
2018 $6,844 $656,193 $249,270 $406,923
2017 $6,675 $607,330 $237,400 $369,930
2016 $5,757 $607,330 $237,400 $369,930
2015 $5,680 $515,843 $232,400 $283,443
2014 -- $515,843 $232,400 $283,443
2013 -- $515,845 $232,400 $283,445
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2387662

Northwest Multiple Listing Service (NWMLS)

APN: 977400016