Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Cushman Ready-to-Enjoy Lot Title is generated by Realmo AI

    21 N Wigeon Pl S, Hoodsport, WA 98548

    View on Map
    Claim this Listing
    For Sale
    $155,000

    Secluded Lake Cushman lot with utilities and outbuilding.

    Type:Land
    Lot size:
    0.49 Acres
    Added:
    Jun 7, 2025
    Days on Market:
    359
    Last Refresh:
    Jan 20 at 10:07 am

    Property Features for 21 N Wigeon Pl S

    General Information

    Standard status
    Active
    Lot size
    0.49 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Matt Clark

    Listing agent Matt Clark

    Listing office M4 Real Estate Group

    Listing date Jun 7, 2025

    Source Exprealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of M4 Real Estate Group

    HighLights

    • Ready‑to‑enjoy lot with

    Overview

    This property features nearly half an acre of land located in Lake Cushman. The lot is equipped with water, power, and a 3-bedroom septic system. A finished, insulated outbuilding with a full bath is present on the property. The land is surrounded by evergreens, providing privacy. Recreational amenities include a firepit and a horseshoe pit. There is space for RVs and boats. The property, situated on the corner of a cul-de-sac, includes two driveway entrances. It is located within walking distance of Lake Standstill and offers views overlooking the dam. Lake Cushman amenities, such as parks, boat launches, a golf course, trails, and sport courts, are nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Real Estate Agency Hotel & Motel Bar & Pub Travel Agency Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoodsport
    County
    Mason
    State
    Washington
    Longitude
    -123.209
    Latitude
    47.4214

    Nearby Similar for Sale

    • $425,000

      Hoodsport Waterfront Commercial Land Parcel

      Unique waterfront commercial land with highway frontage and tideland rights.
      24050 N US Highway 101, Hoodsport, WA 98548
      View Details
    • $116,500

      Lake Cushman Recreational Land

      Recreational lot near Lake Cushman with utilities and outbuildings.
      531 North Kokanee Ridge Drive, Hoodsport, WA 98548
      View Details
    • $116,500

      Lake Cushman Recreational Land

      Recreational lot near Lake Cushman with utilities and outbuildings.
      531 N Kokanee Ridge Drive #173, Hoodsport, WA 98548
      View Details
    • $215,000

      Hood Canal Waterfront Lot

      Waterfront lot on Hood Canal with tideland rights.
      1 North Highway 101, Hoodsport, WA 98548
      View Details
    • $175,000

      Lake Cushman Recreational Getaway Lot

      Recreational lot with RV hook-ups near Lake Cushman amenities.
      20 Oxbow Place, Hoodsport, WA 98548
      View Details
    • $2,750,000

      Hood Canal Waterfront RV Park

      Rare RV park investment opportunity with multiple income streams.
      27001 N US Highway 101, Hoodsport, WA 98548
      View Details
    • $82,500

      Recreational Land Near Lake Kokanee

      Double lot near Lake Kokanee with RV setup and clearing.
      31 N Brook Lane, Hoodsport, WA 98548
      View Details
    • $165,000

      Lake Cushman RV Ready Land

      Level property with RV hookups near Lake Cushman and Kokanee.
      131 N Buckhorn Way #36, Hoodsport, Hoodsport, WA 98548
      View Details
    • $215,000

      Waterfront Lot on Hood Canal

      Waterfront lot with tideland rights near Hoodsport, Washington.
      1 N US Highway 101 #29, Hoodsport, WA 98548
      View Details
    • $699,950

      Income-Generating Inn Near Hood Canal

      Refreshed inn with rental rooms, RV hookups, near Olympic Park.
      27131 N US Highway 101, Hoodsport, WA 98548
      View Details
    • $79,900

      Oversized Lot in Mt. Rose

      Serene, oversized lot with natural beauty near Division 3 park.
      1001 N Potlatch Drive #81, Hoodsport, WA 98548
      View Details
    • $255,000

      Hood Canal View Acreage

      6.02-acre parcel with canal views, tideland rights, utilities.
      123 N Hwy 101, Hoodsport, WA 98548
      View Details

    FAQs

    What type of property is this?
    Recreation land - Secluded Lake Cushman lot with utilities and outbuilding.
    Where is this recreation land located?
    The property is located at 21 N Wigeon Pl S Hoodsport, WA.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: Ready‑to‑enjoy lot with
    (360) 329-2911
    We can help!
    Listing Contact
    Matt Clark
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    21 N Wigeon Pl S, Hoodsport, WA, 98548-9763
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!