$1,400,000
Est. $7,755/mo240 Shannon Drive SE, Bainbridge Island, WA 98110
• Listed Jul 13, 2026•98 days active · 98 cumulative
Listing Broker: Windermere RE Bainbridge; Jan Johnson; 206-371-8792; janj@windermere.com
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Listing Broker: Windermere RE Bainbridge; Jan Johnson; 206-371-8792; janj@windermere.com
About this home
A rare opportunity! An income-generating Winslow corner lot near the Waterfront Park, Yacht Club, Senior Center, restaurants, shopping and Seattle Ferries. This coveted low maintenance location is currently occupied as a Ground Lease for the USPS parking lot. In the meantime, enjoy your strategic land bank investment backed by a secure Federal lease paying out a 4.11% annual return (plus tax reimbursement) till May of 2032, while making use of your time with designs and local governance zoning permits over the next few years. Seller's sketch for 'possibly' a 4-story/16 unit apartment complex to include an additional 7 offsite parking spots, is available. (CORE/Town Centr/Madison Overlay on the COBI website).
Listed by Jan Johnson • Windermere RE Bainbridge
Listing updated: September 30, 2026 at 03:49pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2552635
Around this home
How much should you offer?
240 Shannon Drive SE, Bainbridge Island, WA 98110
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
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.
Property details
Layout
- Res-Less thn 1 Ac
Schools
Ratings via SchoolDiggerBainbridge Island School District
- Buyer To VerifyPublic · Grades Elementary—
- Woodward Middle SchoolPublic · Grades 7-8 · State rank 8 of 51410/10
- Bainbridge IslPublic · Grades High—
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.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 0.18 acres
- Lot square feet
- 7,841 sq ft
- Lot dimensions
- irregular
- Topography
- Level
- Lot number
- Lot 7
- Block
- Block 4
- Lot details
- Corner Lot
Zoning & use
- Zoning code
- CORE-Madison Overlay
- Zoning description
- Multi-Family,Residential
- Zoning jurisdiction
- City
- Possible use
- Multi-Family, Residential
- Improvements
- Driveway
Utilities
- Utilities
- Electricity Available
- Electricity
- In Street
- Gas
- Not Available
- Water
- In Street
- Water jurisdiction
- COBI
- Sewer
- In Street
Road & access
- Road surface
- Paved
- Road information
- Paved
- Road on which side
- North and West
Surveys & reports
- Survey
- MacLearnsbury Survey
- Public land survey
- Sec 26,Twp 25,Rng 2E
- Soil feasibility test
- No
- Sketch submitted
- Yes
Water & irrigation
- Waterfront
- No
- Irrigation water rights
- No
Taxes & assessment
- Annual taxes
- $5,936
- Tax year
- 2026
- Senior exemption
- No
- Financing
- Cash
- Seller disclosure
- Provided
- Preliminary title ordered
- Yes
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.
Sales & Tax Records for 240 Shannon Drive SE
NWMLS via MLS GridEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Jul 13, 2026ListedNWMLS via MLS Grid · #2552635$1,400,000
Mortgage payment forecast
$8,600 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Windermere RE Bainbridge; Jan Johnson; 206-371-8792; janj@windermere.com
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 52 days.
Recent sales nearby
Within 1 mile · last 6 months$1,499,990 Sold
0 days ago
3 bd•2.5 ba•~3,400 sq ft•Single Family
474 Glen Hollow Place SW, Bainbridge Island, WA 98110
0%
Over list
19
Days on market
0.3 mi
Distance
$1,725,000 Sold
5 days ago
3 bd•3.5 ba•~3,558 sq ft•Single Family
284 Wood Avenue SW, Bainbridge Island, WA 98110
4%
Under list
21
Days on market
0.2 mi
Distance
$2,250,000 Sold
1 week 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
0.9 mi
Distance
$2,200,000 Sold
2 weeks 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
0.5 mi
Distance
$1,400,000 Sold
2 weeks 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
0.7 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
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 19, 2026 at 8:02 PM PT (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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© 2026 Northwest Multiple Listing Service. All rights reserved.
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