1510 40th Street, Bellingham, WA 98229

Bellingham, WA 98229 · Bellingham
3 bd2.75 ba2,326 sqft4.56 ac lotBuilt 1964House
$2,299,000 $988 / sqft · Cumulative Days Active: 41 Estimate your monthly payment ↓
Contemporary, Bellingham Listing by Keller Williams Western Realty 1 / 36
Price / sqft$988
Lot4.56 acres
Year built1964
TypeHouse
HOANone
Cumulative Days Active41

About this home

A rare South Bellingham development opportunity! This 4.56-acre property offers exceptional potential for up to 60 residential units under Bellingham’s expanded middle-housing regulations. The elevated upper portion of the property—where the existing home is situated—provides potential views of Puget Sound & the San Juan Islands. Value is in the land. The spacious 3-bedroom, 2.75-bath home features an open floor plan, dramatic vaulted ceilings throughout the common areas & bedrooms. Floor-to-ceiling windows that fill the interior with natural light. A mini-split provides efficient heating & cooling, while the freestanding wood stove offers secondary heat and inviting ambience. Additional features include a tankless water heater and flexible possibilities for continued residential use, phased development or a larger housing project. Located on Bellingham’s desirable south side, immediately adjacent to the prestigious Samish Crest Highlands neighborhood and convenient to Lake Padden’s trails, golf course, swimming, fishing, dog park, sports courts and other recreational amenities. The seller is willing to work with a buyer who wants to subdivide and purchase a portion of the property at an agreed upon reduced price for construction of one or more homes, w/the buyer responsible for subdivision and related costs. Buyer to verify development & unit potential, subdivision feasibility and all associated requirements with the City of Bellingham.

NWMLS logoListing courtesy of the Northwest Multiple Listing Service (NWMLS).

Listed Aug 20, 2026MLS# 2571857

Facts & features

3Beds
2.75Baths
2,326 sqftLiving area
$988Price / sqft
1964Year built
4.56 acLot
Interior
Bedrooms3
Bathrooms2.75
Living area2,326 sqft
StoriesOne
FlooringConcrete
AppliancesDryer, Microwave, Stove(s)/Range(s), Washer
Building
TypeHouse
StyleContemporary
Year built1964
RoofComposition
FoundationPoured Concrete
Lot & exterior
Lot size4.56 acres (198,634 sqft)
ViewBay, Islands, Ocean, Sea, See Remarks, Sound
WaterfrontNo
Parking
ParkingDriveway, Attached Garage, RV Parking
Utilities
HeatingElectric, Wood
SewerSeptic Tank
WaterPublic
HOA & taxes
HOA duesNone
Property tax (2026)$9,083 / yr
Interior features
Bath Off PrimaryDbl Pane/Storm WindowDining RoomFireplaceHigh Tech CablingPantryVaulted Ceiling(s)Walk-In Closet(s)Water Heater
Exterior & lot
Wood

Monthly payment

Full calculator →

Payment estimate calculated by irenakolbert.com from the assumptions below — not part of the NWMLS listing data. A lender will confirm actual figures.

Loan term
Down payment$20%
Interest rate%
Est. total / month$12,49230-year fixed · 6.5%
P&I $11,625Taxes $757Insurance $110
Plus ~$68,970 closing costs (est. 3%), paid once at closing. Get pre-approval guidance →
Estimate only, using the down payment, interest rate, and loan term set above. The APR, which includes loan costs, may be higher than the rate. Includes estimated property tax (~0.95%), insurance (~$110/mo), and any HOA dues. Not an offer of credit — a lender will confirm actual terms.

Price history

DateEventPrice Aug 20, 2026Listed for sale $2,299,000

Tax history

YearAssessed valueProperty tax
Source: Whatcom County Assessor. Assessed value is not a market value.

Schools

Bellingham School District
ElementaryHappy Vly Elem
MiddleFairhaven Mid
HighSehome High
School assignments come from the listing data provided by NWMLS. They're based on address and can change — verify with the district before relying on them.
⬤ Street view ↗
Downtown Bellingham7 min
WWU6 min
St. Joseph Hospital9 min
Peace Arch border35 min

Drive times are straight-line estimates calculated by irenakolbert.com — not part of the NWMLS listing data.

Median list price$600k600 active listings
Cumulative Days Active74median, active listings
List price per sqft$392this home: $988
Homes for sale600in Bellingham

Area figures compiled by irenakolbert.com from current active NWMLS listings — not part of this listing's data.

This home's list price per square foot is about 152% above the median of current Bellingham listings. Irena can pull recent closed sales on this street before you write an offer.

Listing details

StatusActive
MLS #2571857
ListedAug 20, 2026
List price$2,299,000
Cumulative Days Active41
Property typeHouse
StyleContemporary
Listing brokerageKeller Williams Western Realty
SourceNWMLS as distributed by MLS GRID
Listing courtesy of Keller Williams Western Realty. Based on information submitted to the MLS GRID as of Oct 23, 2026, 12:52 PM (date and time MLS GRID Data was obtained). 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. Some IDX listings have been excluded from this website: listings located outside Whatcom and Skagit counties are not displayed.
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