Set on nearly 5 private acres in the sought-after Lagoon Point area of Greenbank, this inviting Whidbey Island property offers a rare blend of space, versatility, and natural beauty. Surrounded by mature trees and open, usable land, the setting feels peaceful and secluded while still connecting you to the relaxed island lifestyle. The thoughtfully updated 2-bedroom, 1-bath main home is warm and welcoming, featuring a refreshed bathroom and improvements that enhance everyday comfort. Its updated, functional layout makes it easy to move right in, while still offering room to personalize over time. A detached studio with a ¾ bath expands the possibilities and is ideal for guests, multigenerational living, creative space, or potential rental income. Additional structures include a large detached garage and shop, covered storage areas, and multiple outbuildings that support hobbies, projects, and flexible island living. Outdoors, the property offers a beautiful balance of sunny clearings and established trees, along with a fenced garden area that invites you to grow, gather, and enjoy the land. Whether envisioned as a full-time residence, weekend retreat, or hobby property, this is a rare opportunity to enjoy acreage living in one of Whidbey’s most peaceful coastal settings.
Active
Listed by: Windermere RE/South Whidbey
Price cut: $14K (4/22)
$665,000
397 Lagoon Point Road, Greenbank, WA 98253
3beds
1,508sqft
Est.:
Single Family Residence
Built in 1967
4.85 Acres Lot
$654,000 Zestimate®
$441/sqft
$-- HOA
What's special
Multiple outbuildingsOpen usable landUpdated functional layoutRefreshed bathroomSurrounded by mature treesCovered storage areas
- 24 days |
- 1,499 |
- 97 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Dana Hezel,
Windermere RE/South Whidbey
Source: NWMLS as distributed by MLS GRID,MLS#: 2500517
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Primary bedroom
- Level: Main
Bathroom full
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, Ductless, Wall Furnace, Electric, Propane, Wood
Cooling
- Ductless
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s)
Features
- Flooring: Vinyl, Carpet
- Windows: Dbl Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,108
- Total interior livable area: 1,508 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached Carport, Detached Garage, RV Parking
- Has garage: Yes
- Has carport: Yes
- Covered spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Dbl Pane/Storm Window, Fireplace, Wired for Generator
- Has view: Yes
- View description: Territorial
Lot
- Size: 4.85 Acres
- Features: Cul-De-Sac, Paved, Value In Land, Fenced-Partially, High Speed Internet, Outbuildings, Patio, Propane, RV Parking, Shop
- Topography: Level
- Residential vegetation: Brush, Fruit Trees, Garden Space, Pasture, Wooded
Details
- Additional structures: ADU Beds: 1, ADU Baths: 1
- Parcel number: R230180355160
- Special conditions: Standard
- Other equipment: Wired for Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Cement/Concrete, Wood Siding
- Foundation: Poured Concrete, Slab
- Roof: Composition
Condition
- Very Good
- Year built: 1967
- Major remodel year: 1980
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank
- Water: Private, Company: Private Well
- Utilities for property: Whidbey Telecom
Community & HOA
Community
- Subdivision: Lagoon Point
Location
- Region: Greenbank
Financial & listing details
- Price per square foot: $441/sqft
- Tax assessed value: $534,139
- Annual tax amount: $3,913
- Date on market: 4/6/2026
- Cumulative days on market: 25 days
- Listing terms: Conventional,FHA,USDA Loan,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$654,000
$621,000 - $687,000
$2,966/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Price change | $665,000-2.1%$441/sqft |
Source:  NWMLS as distributed by MLS GRID #2500517 Report a problem | ||
| 4/7/2026 | Listed for sale | $679,000+35.1%$450/sqft |
Source: NWMLS as distributed by MLS GRID #2500517 Report a problem | ||
| 6/30/2021 | Sold | $502,500+2.8%$333/sqft |
Source: NWMLS as distributed by MLS GRID #1721824 Report a problem | ||
| 4/7/2021 | Pending sale | $489,000$324/sqft |
Source: NWMLS as distributed by MLS GRID #1721824 Report a problem | ||
| 3/23/2021 | Listed for sale | $489,000$324/sqft |
Source: NWMLS as distributed by MLS GRID #1721824 Report a problem | ||
| 3/10/2021 | Pending sale | $489,000$324/sqft |
Source: NWMLS as distributed by MLS GRID #1721824 Report a problem | ||
| 2/1/2021 | Listed for sale | $489,000$324/sqft |
Source: NWMLS as distributed by MLS GRID #1721824 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,822 -7.2% | $534,139 +3.3% |
| 2023 | $4,119 +16.2% | $516,827 +17.3% |
| 2022 | $3,543 -0.9% | $440,658 +14% |
| 2021 | $3,577 +9041.8% | $386,497 +15.8% |
| 2020 | $39 | $333,780 +0.4% |
| 2019 | -- | $332,499 +17.6% |
| 2018 | $39 | $282,793 +3.4% |
| 2017 | $39 | $273,379 +16.6% |
| 2016 | $39 -11.8% | $234,552 -4.5% |
| 2015 | $44 | $245,724 +4.8% |
| 2013 | -- | $234,479 |
| 2012 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | $317,383 +16.1% |
| 2008 | -- | $273,379 +3.9% |
| 2007 | -- | $263,010 +23.1% |
| 2006 | -- | $213,592 +23.7% |
| 2005 | -- | $172,626 |
Find assessor info on the county website
Monthly payment
Est. payment
$3,602/mo
Principal & interest
$3247
Property taxes
$355
More affordability tools
Climate risks
Neighborhood: 98253
Nearby schools
GreatSchools rating
- 6/10Coupeville Elementary SchoolGrades: PK-5Distance: 10 mi
- 7/10Coupeville Middle SchoolGrades: 6-8Distance: 9.7 mi
- 6/10Coupeville High SchoolGrades: 9-12Distance: 9.7 mi
Schools provided by the listing agent
- Elementary: Coupeville Elem
- Middle: Coupeville Mid
- High: Coupeville High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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.
- Washington
- Island County
- Greenbank
- 98253
- 397 Lagoon Point Road
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