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    231 Parfitt Way SW Bainbridge Island, WA 98110

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    For Sale
    $5,980,000

    Prime waterfront property with redevelopment potential and existing marina.

    Building Details

    Year built
    1901

    Source: THE AGENCY BAINBRIDGE ISLAND Agent MARK MIDDLETON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Redevelopment Site and Marina

    Located in the downtown Marina District of Winslow, this property includes a 0.69-acre redevelopment site and a 52-slip marina with Department of Natural Resources lease facilities. The property offers views of Puget Sound and the Seattle city skyline. Zoned CORE-mixed use, the site encourages residential uses, with office and retail also permitted. Potential uses include a private residence with a private dock and marina, a state-of-the-art office complex with a residential component, or a revitalized marina experience. The property is suitable for pubs, restaurants, retail properties, commercial land, and land development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pubs

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bainbridge Island
    County
    Kitsap
    State
    Washington
    Longitude
    -122.5229659
    Latitude
    47.6215073

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    FAQs

    What type of property is this?
    Pub - Prime waterfront property with redevelopment potential and existing marina.
    Where is this pub located?
    The property is located at 231 Parfitt Way SW Bainbridge Island, WA.
    What is the asking price?
    The asking price for this property is $5,980,000.
    What are key features of this property?
    This property features: - Prime low-bank waterfront property in Winslow's DT Marina District with Puget Sound and Seattle skyline views.; - Includes a .69 acre redevelopment site AND a 52-slip Marina with DNR lease facilities.; - CORE mixed-use zoning allows for residential, office, and retail uses.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    231 Parfitt Way SW Bainbridge Island, WA 98110
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