$5,700,000
Est. $31,324/mo267 Arbel Way, Bellingham, WA 98229
• Listed Oct 24, 2026•2 days active · 2 cumulative
Listing Broker: COMPASS; Derek Buse; 360-599-0379; derek.buse@compass.com
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Listing Broker: COMPASS; Derek Buse; 360-599-0379; derek.buse@compass.com
About this home
Governors Point is a new enclave of 16 waterfront homes which will be designed by Omer Arbel. Just off Chuckanut Drive south of Bellingham, WA, the project sits on a pristine peninsula jutting into the Salish Sea. All homes will share a rigorous architectural language, which extends throughout the project, including private roads, gates, and other infrastructure. Buffered by a 100-acre nature reserve, the homes enjoy a grandfathered 75' saltwater setback and vistas overlooking the San Juan Islands. Each dwelling, on a +/- 1 acre lot, will be personalized by discerning buyers who appreciate ambitious design in intimate harmony with nature. Property extends to the mean low tide mark allowing access and recreation on each property at Governors Point. San Juan Island lifestyle without the hassle of the ferry system.
Listed by Derek Buse • COMPASS
Listing updated: October 26, 2026 at 09:13am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2597407
Around this home
How much should you offer?
267 Arbel Way, Bellingham, WA 98229
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-Over 1 Acre
Schools
Ratings via SchoolDiggerBellingham School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · 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
- 1.4 acres
- Lot square feet
- 60,984 sq ft
- Topography
- Level,Sloped
- Lot number
- 7
- Lot details
- Adjacent to Public Land, Dead End Street, Paved, Secluded
Zoning & use
- Zoning code
- RR5A
- Zoning description
- Residential
- Zoning jurisdiction
- County
- Possible use
- Residential
- Restrictions
- CC&R,NO Manufactured Homes,See Remarks
Utilities
- Utilities
- Electricity Available, Snow Removal
- Electricity
- In Street
- Gas
- Not Available
- Water
- Available, In Street
- Water jurisdiction
- City of Bellingham
- Water access
- Beach Rights,Community Waterfront/Pvt Beach,Deeded Access
- Sewer
- Not Available
Road & access
- Road surface
- Paved
- Road responsibility
- Private Maintained Road
- Road information
- Access Easement,Paved,Privately Maintained
- Road on which side
- East
Surveys & reports
- Sketch submitted
- Yes
- Reports and documents completed
- CCRs,Geotech,Road Agreement,Wetland Delineation
Water & irrigation
- Waterfront
- Yes
- Irrigation water rights
- No
Taxes & assessment
- Annual taxes
- $28,842
- Tax year
- 2026
- Senior exemption
- No
- Financing
- Cash, Conventional
- 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.
Mortgage payment forecast
$35,570 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%.
Ask about this home
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Listing Broker: COMPASS; Derek Buse; 360-599-0379; derek.buse@compass.com
Market pulse
Bellingham is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 77 days.
Recent sales nearby
Within 1 mile · last 6 months$1,575,000 Sold
2 weeks ago
5 bd•3.25 ba•~3,673 sq ft•Single Family
532 Whitecap Road, Bellingham, WA 98229
7%
Under list
156
Days on market
0.6 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 26, 2026 at 6:03 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.
Some IDX listings have been excluded from this website.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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