$2,299,000
Est. $11,880/mo3 bd•2.75 ba•2,326 sq ft
1510 40th Street, Bellingham, WA 98229
• Listed 2026-08-20•7 days on market
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A rare South Bellingham development opportunity! This 4.56-acre property offers exceptional potential for up to 60 residential units under Bellingham’s expanded middle-housing regulations. The elevated upper portion of the property—where the existing home is situated—provides potential views of Puget Sound & the San Juan Islands. Value is in the land. The spacious 3-bedroom, 2.75-bath home features an open floor plan, dramatic vaulted ceilings throughout the common areas & bedrooms. Floor-to-ceiling windows that fill the interior with natural light. A mini-split provides efficient heating & cooling, while the freestanding wood stove offers secondary heat and inviting ambience. Additional features include a tankless water heater and flexible possibilities for continued residential use, phased development or a larger housing project. Located on Bellingham’s desirable south side, immediately adjacent to the prestigious Samish Crest Highlands neighborhood and convenient to Lake Padden’s trails, golf course, swimming, fishing, dog park, sports courts and other recreational amenities. The seller is willing to work with a buyer who wants to subdivide and purchase a portion of the property at an agreed upon reduced price for construction of one or more homes, w/the buyer responsible for subdivision and related costs. Buyer to verify development & unit potential, subdivision feasibility and all associated requirements with the City of Bellingham.
Listed by Dan Pittsenbarger • Keller Williams Western Realty
Listing updated: September 2, 2026 at 10:27am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2571857
Open houses
No upcoming open houses scheduled for this property.
1510 40th Street, Bellingham, WA 98229
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
Bellingham 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.
$13,212 per month
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Bellingham 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 1% below list price.
Time on market: The average home goes pending in around 12 days.
$1,248,000 Sold
5 weeks ago
3 bd•2.5 ba•~2,561 sq ft•Single Family
2600 42nd Street, Bellingham, WA 98229
4%
Under list
—
Days on market
0.7 mi
Distance
$1,364,000 Sold
3 months ago
3 bd•3 ba•~2,850 sq ft•Single Family
4224 Dumas Avenue, Bellingham, WA 98229
7%
Under list
—
Days on market
0.9 mi
Distance
$37,000 Sold
3 months ago
2 bd•1 ba•Single Family
2500 Samish Way #13, Bellingham, WA 98229
31%
Under list
—
Days on market
0.6 mi
Distance
$1,300,000 Sold
4 months ago
3 bd•2.25 ba•~3,145 sq ft•Single Family
1225 34th St, Bellingham, WA 98229
0%
Over list
—
Days on market
0.4 mi
Distance
$435,000 Sold
5 months ago
•Single Family
2254 Yew Street Road, Bellingham, WA 98229
2%
Over list
—
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 2, 2026 at 10:27am (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.
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