For sale Home

Listed Aug 15, 2024

$5,950,000 Est. $39,354/mo

934 Mitchell Bay Road

  • 3

    Beds

  • 3

    Baths

  • 3,147

    Sq ft

The story

  • Waterfront
  • Basement

JUST REDUCED ANOTHER $1,000,000 to $5,950,000! One of the most lucrative financial opportunities of this real estate cycle! The original estimated market value of this historic estate was $10,950,000. The improvements alone would likely cost more than the current price to replace. Enjoy your own private, deep water marina with two 80’ slips on the outsides and a 66’ x 19’ slip on the inside. Room for your friend's yacht and other fun boats too! There’s a 3,100 sq ft, 3 bedroom home with beautiful views and a 5,000+ sq ft “shop” that’s built like a house, and could possibly be converted into one. It has a huge executive office upstairs. Large waterfront estates are rarely available in the San Juans, especially with protected, year-round moorage. This estate has 35+ private acres, 1,200’ of waterfront, including tidelands, and sits on one of the most protected bays in all the Islands! Great for kayaking, paddle boarding, sailing... The land is potentially dividable into 3 parcels. The location is ideal, just minutes by boat from Roche Harbor, Victoria, and numerous Canadian and American islands. Crabbing, oysters, clams, salmon fishing, shrimping, and whale watching are all nearby. There are also two orchards, a huge garden, a greenhouse, 4 good wells, and a ½ ac pond that is set up for fire protection. The septic system drainfield is large enough to convert the shop into a 5 bedroom home, or build a new 4 bedroom dream home nearby. This is an amazing deal!

Facts & features

Home type

Home

Year built

1989

Lot size

36 acres

Price per sq ft

$1,891

Included features

  • Fireplace

    1 fireplace

  • Basement

    Yes

  • Cooling

    Heat Pump

  • Heating

    Heat Pump

  • Appliances

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

  • Flooring

    Hardwood, Vinyl, Carpet

  • Roof

    Tile

  • Lot Information

    Paved, Secluded

  • Exterior

    Wood, Dock, Boat Slip

  • Water Source

    Individual Well

  • Sewer

    Septic Tank

  • View

    Mountain

Mortgage calculator

Estimated monthly payment

$39,354 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $31,668
  • Property tax $5,950
  • Insurance $1,735

Includes principal, interest, taxes & insurance.

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Listing Broker

Coldwell Banker San Juan Is.

Broker Name

Coldwell Banker San Juan Is.

Agent

Steven Buck