$550,000
Est. $2,775/mo427 Se Ely Street, Oak Harbor, WA 98277
• Listed 2026-03-26•52 days on market
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Based on information submitted to the MLS GRID as of April 17, 2026 at 01:29pm (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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Rare opportunity to acquire a shovel-ready townhouse development site in Oak Harbor, WA. Situated on over half an acre in a growing residential area, this project offers an exceptional chance to deliver much-needed housing in a highly desirable location. Ideally positioned near the naval base, downtown Oak Harbor, shopping, dining, and everyday services, the site provides strong appeal for future residents. The current owner has completed extensive pre-development work, including stormwater and civil engineering, architectural plans for 10 townhouse units with potential for 11, structural engineering, and city planning approval. Thoughtfully designed with an eco-conscious approach to the lot and topography, the project minimizes the need for significant dirt work, helping reduce both cost and development timeline. With key groundwork already in place, this offering allows developers to move forward with confidence and efficiency. Oak Harbor’s expanding community, steady housing demand, and convenient in-town setting make this a compelling investment opportunity. Don’t miss the chance to bring this well-positioned project to life.
Listed by Anthony Zapata • Keller Williams Western Realty
Listing updated: April 17, 2026 at 01:29pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2495105
Open houses
No upcoming open houses scheduled for this property.
$418,000
-$132,000 under list price
Nearby comparable homes
RexMont uses 2 strongest recent nearby sales, priced between $385K and $450K.3 outlier sales were excluded from this snapshot.
Rental earnings
$1,250/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$450,000Last sold price
16 Kennedy Lane, Oak Harbor, WA 98277
$385,000Last sold price
1658 Stephen Street, 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.
427 Se Ely Street, 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.
$2,973 per month
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Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Cary Anderson · Keller Williams Western Realty
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.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
