$365,000
Est. $1,840/mo2 bd•1 ba•960 sq ft
4880 Magellan Drive, Freeland, WA 98249
• Listed 2026-06-16•2 days on market
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Based on information submitted to the MLS GRID as of June 17, 2026 at 01:01pm (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Welcome to your own cozy retreat in the desirable Bush Point community, known for some of the best shoreline fishing on Whidbey Island. Enjoy stunning sunsets, shipping lane views, and vistas of Admiralty Inlet and the Olympic Mountains from this affordable water-view property Priced below assessed value! he existing 1970 double-wide manufactured home provides comfortable living, or the potential to build a two-story home designed to maximize the spectacular views. Just steps from the beach and public boat launch, it's the perfect spot for fishing, boating, beachcombing, and relaxed island living .Conveniently located just 7 minutes from downtown Freeland, you'll enjoy easy access to shopping, dining, and everyday amenities. Whether you're looking for a full-time residence, weekend getaway, or future dream-home site, this property offers exceptional potential in one of Whidbey Island's most sought-after west-side neighborhoods. Don't miss this rare opportunity to own your piece of island paradise!
Listed by Leanne Erickson • KW South Whidbey
Listing updated: June 17, 2026 at 01:01pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2540405
Open houses
Nearby open houses (4)
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Open Sat, Jun 20
Open Sat, Jun 20
Open Sat, Jun 20 +1$440,000
+$75,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $350K and $525K.
Rental earnings
$1,325/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$475,000Last sold price
1249 Long Drive, Freeland, WA 98249
$525,000Last sold price
5032 Eagle Ridge Drive, Freeland, WA 98249
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.
4880 Magellan Drive, Freeland, WA 98249
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.
$2,210 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
More homes in this area that match your range.
$525,000
538 Bush Point Road, Freeland, WA 98249
Michele A. Lussier · John L. Scott, Inc.
$425,000
1030 Timber Lane, Freeland, WA 98249
Tyler Fitzgerald · Coldwell Banker 360 Team
$475,000
4960 Harbor Hills Drive, Freeland, WA 98249
Dana MacInnis · John L. Scott Whidbey Island S
$499,950
2192 Nautilus Road, Freeland, WA 98249
Maria M Diaz · COMPASS
Freeland is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells for about 2% below list price.
Time on market: The average home goes pending in around 4 days.
$2,895,000 Sold
7 weeks ago
3 bd•2 ba
5006 Scurlock Road, Freeland, WA 98249
0%
Over list
—
Days on market
0.3 mi
Distance
$800,000 Sold
2 months ago
4 bd•1.5 ba•~1,560 sq ft•Single Family
4957 Scurlock Road, Freeland, WA 98249
11%
Under list
—
Days on market
0.2 mi
Distance
$805,000 Sold
5 months ago
3 bd•2 ba•~3,387 sq ft•Single Family
4946 Scurlock Road, Freeland, WA 98249
5%
Under list
—
Days on market
0.2 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
South Whidbey Island 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.
