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Property profile

7401 Cpe George Rd Port Townsend, WA 98368

OFF-MARKET
Other sports & entertainment properties
Property ID
US90-2013972
1.02 ac lot
Entity Owned 22-yr Hold Free & Clear

Property summary

AI-generated overview

The property is located along Discovery Bay near Port Townsend and is associated with the Reserve at Discovery Bay Golf Club, which includes an active public golf course known as Washington’s second oldest active public course and features rolling fairways, elevation changes, and course layout with multiple turns. The golf-course area includes views toward the Olympic Mountains. The property is also planned for 48 approved luxury residential lots arranged into five enclaves—The Ridge, The Woodlands, The Meadows, Lily Pond, and The Highlands—with each enclave characterized by differing site settings such as elevated views, pond-adjacent locations, forested privacy, and proximity to the golf course. Homesites are planned with allowance for an Additional Dwelling Unit (ADU), supporting configurations for multigenerational living, guest accommodations, or rental use. The site is positioned near Port Townsend and within commuting distance of Seattle, and is described as receiving less rainfall than the broader Pacific Northwest.

Property profile

Verified
Property type Other sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Lot 1.02 ac (44,431 SF)
Zoning code RR-5
APN 1311005
UPID US90-2013972

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2004
2 recorded transactions
2004
Price N/A
2004
$1.8M

Zoning & alternative use

RR-5 · Port Townsend, WA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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