Active · Residential

1510 40th Street , Bellingham, WA 98229

Bellingham, WA 98229

$2,299,000

3 bedrooms · 3 bathrooms · 2,326 sq ft

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Listing provided by Keller Williams Western Realty · MLS #2571857 · Active

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About this property

A rare South Bellingham development opportunity! This 4.56-acre property offers exceptional potential for up to 60 residential units under Bellingham’s expanded middle-housing regulations. The elevated upper portion of the property—where the existing home is situated—provides potential views of Puget Sound & the San Juan Islands. Value is in the land. The spacious 3-bedroom, 2.75-bath home features an open floor plan, dramatic vaulted ceilings throughout the common areas & bedrooms. Floor-to-ceiling windows that fill the interior with natural light. A mini-split provides efficient heating & cooling, while the freestanding wood stove offers secondary heat and inviting ambience. Additional features include a tankless water heater and flexible possibilities for continued residential use, phased development or a larger housing project. Located on Bellingham’s desirable south side, immediately adjacent to the prestigious Samish Crest Highlands neighborhood and convenient to Lake Padden’s trails, golf course, swimming, fishing, dog park, sports courts and other recreational amenities. The seller is willing to work with a buyer who wants to subdivide and purchase a portion of the property at an agreed upon reduced price for construction of one or more homes, w/the buyer responsible for subdivision and related costs. Buyer to verify development & unit potential, subdivision feasibility and all associated requirements with the City of Bellingham.

Property details

Property type: Single Family Residence
Year built: 1964
Lot size: 198,634 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $9,083 (2026)
Parking spaces: 10
School district: Bellingham

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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