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.
Active
Listed by: COMPASS
$5,800,000
291 Arbel Way, Bellingham, WA 98229
--beds
--baths
0.91Acres
Unimproved Land
Built in ----
0.91 Acres Lot
$-- Zestimate®
$--/sqft
$417/mo HOA
What's special
Pristine peninsula
- 534 days |
- 1,408 |
- 31 |
Zillow last checked: 7 hours ago
Listing updated: December 29, 2025 at 10:27am
Listed by:
Derek Buse,
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2302433
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Bay, Sound, Territorial
- Has water view: Yes
- Water view: Bay,Sound
- Waterfront features: Medium Bank, Saltwater, Sound
Lot
- Size: 0.91 Acres
- Features: Adjacent to Public Land, Cul-De-Sac, Paved, Secluded, Brush, Evergreens, Heavily Forested
- Topography: Sloped
Details
- Parcel number: 3702264353080000
- Zoning: RR5A
- Zoning description: Residential,Jurisdiction: County
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Gas: Not Available
- Sewer: Not Available
- Water: Available, In Street, Jurisdiction: City of Bellingham
- Utilities for property: Electricity Available, Snow Removal
Community & HOA
Community
- Features: CCRs, Gated
- Security: Security Service
- Subdivision: Chuckanut
HOA
- Services included: Common Area Maintenance, Road Maintenance, Security, Snow Removal
- HOA fee: $5,000 annually
Location
- Region: Bellingham
Financial & listing details
- Tax assessed value: $1,069,425
- Annual tax amount: $4,212
- Date on market: 10/16/2024
- Cumulative days on market: 535 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2024 | Listed for sale | $5,800,000 |
Source:  NWMLS as distributed by MLS GRID #2302433 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,595 +127.7% | $1,069,425 +113.9% |
| 2023 | $4,213 | $500,000 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 98229
Nearby schools
GreatSchools rating
- 5/10Happy Valley Elementary SchoolGrades: PK-5Distance: 3.9 mi
- 9/10Fairhaven Middle SchoolGrades: 6-8Distance: 3.2 mi
- 9/10Sehome High SchoolGrades: 9-12Distance: 4.3 mi
Local experts in 98229
- Washington
- Whatcom County
- Bellingham
- 98229
- 291 Arbel Way
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