$674,000
Est. $3,401/mo3 bd•2 ba•1,540 sq ft
1677 Penn Cove Road, Oak Harbor, WA 98277
• Listed 2026-03-23•24 days on market
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Based on information submitted to the MLS GRID as of May 15, 2026 at 08:58am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Bathed in warm southern light and perched above the shimmering waters of Penn Cove, this medium-bank waterfront home offers a front-row seat to everything that makes Whidbey Island magical. From sunrise over the Cascades to sunset behind the Olympics, the views alone are enough to spark the imagination—but it’s the potential within this diamond in the rough as-is Estate Sale which truly sets it apart. Overlooking the world-famous Penn Cove Mussel farm and the historic town of Coupeville, the property invites a buyer with vision to bring new life to a setting that already feels extraordinary. Eagles, whales (both Orca's & Grey's), and kingfishers glide or soar past as if performing just for you, while the neighborhood’s community beach, pier, boat ramp, and outdoor pool add to the lifestyle which comes with living inside the coveted rain shadow. The detached two-car garage with shop and loft offers room for projects, storage, or future expansion, and there’s ample space on the lot for your RV as well. Eligible for use as a vacation rental, the home presents an opportunity to create both personal enjoyment and long-term value. Close to shopping, dining, and the hospital, it balances convenience with the peaceful rhythm of waterfront living. For those ready to invest in potential and shape a home that reflects their style, this property offers the perfect canvas in one of Whidbey’s most beloved locations. Cash offers only due to condition of roofs and 3BR septic.
Listed by Clay Miller • Windermere Whidbey Island
Listing updated: May 15, 2026 at 08:58am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2494693
Open houses
No upcoming open houses scheduled for this property.
$479,000
-$195,000 under list price
Nearby comparable homes
RexMont uses 4 strongest recent nearby sales, priced between $460K and $690K.1 outlier sale was excluded from this snapshot.
Rental earnings
$1,425/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$460,000Last sold price
1171 Lisa Street, Oak Harbor, WA 98277
$690,000Last sold price
1090 Landing Circle, Oak Harbor, WA 98277
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
1677 Penn Cove Road, Oak Harbor, WA 98277
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$3,996 per month
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Oak Harbor is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 17 days.
$460,000 Sold
6 months ago
3 bd•2.5 ba•~1,313 sq ft•Single Family
1594 Douglas Street, Oak Harbor, WA 98277
4%
Under list
—
Days on market
0.3 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
Coupeville School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
