For Sale535d on market
291 Arbel Way
Bellingham, WA, 98229 • 98229 • Whatcom County
$5,800,000
0.91 acLot
Property DNA
Waterfront Property
Medium Bank, Saltwater, Sound
Scenic Views
Bay · Sound · Territorial
Res-Less thn 1 Ac Style
Res-Less thn 1 Ac architecture
Chuckanut
98229
This home is getting attention
Listed 535 days ago · 1,404 views · 31 saves
Market activity
Demand and pricing signals for this listing
1,404 views
People checking out this listing
31 saves
Buyers have saved this home
535 days on market
Established listing
Selling Soon Prediction
ModerateThis home ranks in the top 43% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Lot
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. San Juan Island lifestyle without the hassle of the ferry system.
Estimated monthly payment
Based on current rates
$36,846/month
Principal & Interest$28,696
Property Tax$5,800
Insurance$1,933
HOA$417
Down payment20% ($1,160,000)
3%50%
Est. 6.29% rate · 30yr fixed · $4,640,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land
StyleRes-Less thn 1 Ac
Systems
Water / SewerAvailable, In Street, Jurisdiction: City of Bellingham / Not Available
Parking & Outdoor
Lot0.91 Acres
Location & Tax
Neighborhood98229
ZoningRR5A
Annual tax$4,212
Parcel3702264353080000
Bathrooms & Fees
HOA$417/mo
Features & details
6 categories of property features
Exterior Features
Lot Features
Adjacent to Public Land
Cul-De-Sac
Paved
Secluded
Brush
Evergreens
Heavily Forested
Community
CCRs
Gated
Security
Security Service
Views
Bay
Sound
Territorial
Utilities
Electricity Available
Snow Removal
Gas
Not Available
Listing insights
Market data and value estimates
StatusFor Sale
Days on market535
Tax rate0.70%
On marketOct 16, 2024
PostedOct 17, 2024
MLS statusActive
MLS updatedDec 29, 2025
Tour days6
Views1,404
Favorites31
How are the schools in Bellingham?
3 schools rated nearby
Location
Bellingham, WA, 98229
Price history
1 event
DateEventPrice$/sqftSource
Oct 17, 2024Listed For Sale$5,800,000—NWMLS as distributed by MLS GRID
Listed For Sale$5,800,000
Oct 17, 2024•NWMLS as distributed by MLS GRID
Tax history
2 years of records
YearTax paidAssessed value
Apr 5, 2024$9,595$1,069,425
Apr 5, 2023$4,213$500,000
Nearby homes
Neighborhood details
Local context around this listing
Bellingham, WA • Whatcom County
Nearby neighborhoods
BarkleyBirchwoodHappy ValleyMarietta-AlderwoodMeridianPugetRooseveltSamish HillSehomeSudden Valley
Nearby cities
AcmeBellinghamBlaineCusterDemingFerndaleLyndenMaple Falls
Nearby zip codes
9822598226982279822898229
Based on information submitted to the MLS GRID as of 2026-04-05 13:00:07 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. [Click here for more information](/mls-disclaimers/#39)
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