$685,000
2 bd•1.5 ba•1,002 sq ft
203 Madrona Way NE #F-1, Bainbridge Island, WA 98110
• Listed Jun 24, 2026
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Listing Broker: Realogics Sotheby's Int'l Rlty; Laurel Powell; 206-842-0842
Buyer Broker: Realogics Sotheby's Int'l Rlty
About this home
Two units, one remarkable opportunity. Whether you envision a live+work setup, two income-producing short-term rentals, or your own private island getaway, this property delivers — and the HOA was specifically drafted to allow it. The ground floor studio features a private fenced area, kitchenette, laundry, and ¾ bath. Above, a stylish 1-bedroom spans two stories and includes heated bathroom floors, laundry, and a stunning great room with soaring ceilings, a wall of windows framing native Douglas Firs, and a modern kitchen with quartz counters, tiled backsplash, and cabinetry in a unique neutral palette. An oversized covered deck extends the living space and feels like a treehouse. Top-nailed pine and polished concrete floors bring urban loft vibes to the heart of charming, quiet Winslow. Both units have private exterior entries. A tree-lined trail just outside leads to Winslow’s dining, shopping, galleries, and entertainment, with paved bike lanes and sidewalks also connecting you to the ferry and town. Low HOA dues. Fiber internet, solar-ready, and ICF construction with a low-maintenance exterior keep this package smart and efficient. An affordable option without compromise on quality is rare on Bainbridge, rarer still with this kind of flexibility. Imagine the possibilities!
Listed by Laurel Powell • Realogics Sotheby's Int'l Rlty
Listing updated: August 30, 2026 at 04:04am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2543650
Around this home
Property details
Interior features
- Dbl Pane/Storm Window
- High Tech Cabling
- Vaulted Ceiling(s)
- Water Heater
Kitchen
- Dishwasher
- Disposal
- Dryer
- Microwave
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 2 bedrooms total
- 2 upstairs
Bathrooms
- 2 three-quarter bathrooms (shower, no tub)
Layout
- Townhouse
- 1,002 sq ft finished
Flooring
- Ceramic Tile
- Concrete
- Softwood
Heating & cooling
- 90%+ High Efficiency heating
- Ductless heating
- Heat Pump heating
- Radiant heating
- 90%+ High Efficiency cooling
- Ductless cooling
- Heat Pump cooling
Schools
Ratings via SchoolDiggerBainbridge Island School District
- Ordway ElementaryPublic · Grades K-4 · State rank 72 of 1,13810/10
- Buyer To VerifyPublic · Grades Middle—
- Bainbridge High SchoolPublic · Grades 9-12 · State rank 1 of 39610/10
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.
Townhome facts
As entered by the listing broker on Northwest MLS
Lot & site
- Lot dimensions
- 39.16 x 27.25
- Topography
- Level,Partial Slope
- Zoning jurisdiction
- City
- Faces
- North
- Bus route
- all
Systems
- Energy source
- Electric
- Power production
- Electric
- Water heater
- electric
- Water heater location
- studio closet
- Power company
- Puget Sound Energy
- Water company
- City of Bainbridge Isladn
- Sewer company
- City of Bainbridge Island
- Gas company
- N/A
- Garbage service
- through HOA (Bainbridge Disposal)
- Irrigation water rights
- No
- Internet connected
- Net 253
- Cable connected
- Xfinity
Green & certifications
- Energy-efficient features
- Insulated Concrete Form (ICF)
Rooms & extras
- Showers
- 2
New construction
- Builder
- Clark Construction
- Construction methods
- Insulated Concrete Form (ICF)
- Square footage source
- Builder
- Lot size source
- County
Manufactured home
- Land lease
- No
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Market pulse
Bainbridge Island 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 very close to list price.
Time on market: The average home goes pending in around 45 days.
Recent sales nearby
Within 1 mile · last 6 months$2,250,000 Sold
2 days ago
5 bd•4 ba•~4,337 sq ft•Single Family
8777 NE Winslow Grove Court, Bainbridge Island, WA 98110
0%
Over list
16
Days on market
0.7 mi
Distance
$2,200,000 Sold
6 days ago
2 bd•1.75 ba•~1,900 sq ft•Single Family
5854 Packard Lane NE, Bainbridge Island, WA 98110
4%
Under list
71
Days on market
0.8 mi
Distance
$1,400,000 Sold
1 week ago
3 bd•2.5 ba•~2,305 sq ft•Single Family
779 Village Circle NW, Bainbridge Island, WA 98110
4%
Over list
20
Days on market
0.5 mi
Distance
$1,200,000 Sold
2 weeks ago
4 bd•2.75 ba•~2,847 sq ft•Single Family
221 NW Gowen Place, Bainbridge Island, WA 98110
0%
Over list
—
Days on market
0.8 mi
Distance
$2,050,000 Sold
2 weeks ago
3 bd•2.75 ba•~2,224 sq ft•Single Family
6017 Rose Loop NE, Bainbridge Island, WA 98110
7%
Under list
70
Days on market
0.8 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 Oct 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of August 30, 2026 at 04:04am (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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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