For sale Home

Listed Sep 28, 2026

$1,550,000 Est. $10,252/mo

131 South Bay Way

  • 2

    Beds

  • 4

    Baths

  • 1,975

    Sq ft

The story

  • Waterfront
  • Basement

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!

Facts & features

Home type

Home

Year built

1978

Lot size

3 acres

Price per sq ft

$785

Included features

  • Fireplace

    1 fireplace

  • Basement

    Yes

  • Cooling

    Heat Pump

  • Heating

    Fireplace Insert, Heat Pump

  • Appliances

    Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer

  • Flooring

    Ceramic Tile, Hardwood

  • Roof

    Composition

  • Lot Information

    Dead End Street, Paved, Secluded, Value In Land

  • Exterior

    Wood, Wood Products

  • Water Source

    Individual Well

  • Sewer

    Septic Tank

  • View

    Mountain

Mortgage calculator

Estimated monthly payment

$10,252 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $8,250
  • Property tax $1,550
  • Insurance $452

Includes principal, interest, taxes & insurance.

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Listing Broker

The Agency - Port Townsend

Broker Name

The Agency - Port Townsend

Agent

Holley Carlson