For sale Home

Listed Aug 20, 2026

$2,299,000 Est. $15,206/mo

1510 40th Street

  • 3

    Beds

  • 3

    Baths

  • 2,326

    Sq ft

The story

  • Basement

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.

Facts & features

Home type

Home

Year built

1964

Lot size

5 acres

Price per sq ft

$988

Included features

  • Fireplace

    1 fireplace

  • Basement

    Yes

  • Cooling

    Ductless, Heat Pump, High Efficiency (Unspecified)

  • Heating

    Ductless, Heat Pump, High Efficiency (Unspecified), Stove/Free Standing, Wall Furnace

  • Appliances

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

  • Flooring

    Concrete

  • Roof

    Composition

  • Lot Information

    Value In Land

  • Exterior

    Wood

  • Water Source

    Public

  • Sewer

    Septic Tank

Mortgage calculator

Estimated monthly payment

$15,206 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $12,236
  • Property tax $2,299
  • Insurance $671

Includes principal, interest, taxes & insurance.

Tell us where you are in your search

Interested in this, or something like it?

Yes, this is it

Share your contact information and a local real estate professional will contact you by phone, text, or email to help with your search.

Step 1 of 4 · Contact

Not quite. Help me find the right one

Talk it through, or type it out. e.g. "3-bedroom home near Bellingham under $2,530,000."

By submitting, you agree to our Privacy Policy and Terms.

Listing Broker

Keller Williams Western Realty

Broker Name

Keller Williams Western Realty

Agent

Dan Pittsenbarger