Open House LogoIn-Person: 10/10 11:00 AM - 1:00 PM
$1,550,000
 $8,321 est/mo Sourced by Back At You

131 S Bay Way,Port Ludlow, WA 98365

Port Ludlow, WA 98365

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Description

IMAGINE what could be created here! Offered for the first time, this extraordinary Port Ludlow property encompasses approx. 2.6 acres across two parcels w/an impressive 160 ft of no-bank Oak Bay waterfront. Panoramic, unobstructed views stretch across to the Cascades, w/Mt. Baker rising to the NE-an ever-changing backdrop of boats, wildlife, sunrises & expansive PNW skies. The main home blends warmth & character w/thoughtful updates: remodeled kitchen w/marble countertops & custom oak cabinetry; hardwood flooring throughout & a partially finished L level offering flexibility. The property truly begins to reveal its possibilities w/features like the detached garage--complemented by an attached woodworking shop-an exceptional space for a craftsman or artist. In addition, there is a second garage (deemed the "Boathouse") which is designed w/tall bay doors to accommodate a boat or RV, w/substantial storage below AND a fully appointed one-bed, one-bath studio above (complete with its own private deck & spectacular views, the studio creates wonderful flexibility for guests, extended living or potential rental opportunity.) The adjoining second parcel adds another layer of privacy & breathing room, creating the feeling of a true compound. Few properties bring together this combination of acreage, accessible shoreline, commanding views, multiple structures & room to dream. Enjoy it. Refine it. Create your own legacy. Come for the water. Stay for the view. Imagine the possibilities!

Details

MLS #2556213
Listing TypeFor Sale
StyleHouse
Building NameOak Bay Waterfront Tracts
Sub-TypeResale
StatusActive
Year1978
Days On Site9
Listing Provided ByThe Agency - Port Townsend | Holley Carlson

Features

Bed(s)2
Bath(s) 4 Total
SQ Feet1,975
Garage5
Car PortYes
BasementY
Story(s)1
ZoningRR5
Acreage2.66
Water FrontYes
Property ViewYes

Taxes

Property11157

Area Information

StateWA
CountyJefferson
CityPort Ludlow
Zip Code98365
Area487 Oak Bay
Community NameOak Bay
School DistrictBuyer To Verify
Elementary SchoolBuyer To Verify
High SchoolBuyer To Verify
Listing VS Median (in Oak Bay)
Price:
$1,550,000
low | high
Med:
$1,275,000
67.741935483871% of Average
sqft:
1,975
low | high
Med:
2,306
33.240506329114% of Average
$ / sqft:
$785
low | high
Med:
$582
75.840091991143% of Average
On site:
9
low | high
Med:
56.5
15.929203539823% of Average
Sourced by Back At You

Market Activity 98365

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Based on information submitted to the MLS GRID as of October 7, 2026 at 5:25:01 AM PDT. 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.

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Learn More About This Property

Open House
In-Person
10/10 11:00 AM - 1:00 PM
StateWA
CountyJefferson
CityPort Ludlow
Zip Code98365
Area487 Oak Bay
Community NameOak Bay
School DistrictBuyer To Verify
Elementary SchoolBuyer To Verify
High SchoolBuyer To Verify
Listing VS Median (in Oak Bay)
Price:
$1,550,000
low | high
Med:
$1,275,000
67.741935483871% of Average
sqft:
1,975
low | high
Med:
2,306
33.240506329114% of Average
$ / sqft:
$785
low | high
Med:
$582
75.840091991143% of Average
On site:
9
low | high
Med:
56.5
15.929203539823% of Average
Sourced by Back At You
Listing Updated: October 5, 2026 at 2:22:01 PM PDT