NewWaterfront

267 Arbel Way, Bellingham, WA 98229

Bellingham, WA 98229 · Bellingham
— bd— ba— sqft1.4 ac lotBuilt Land
$5,700,000 — / sqft · Cumulative Days Active: 0 Estimate your monthly payment ↓
Land, Bellingham Listing by COMPASS 1 / 33
Price / sqft—
Lot1.4 acres
Year built—
TypeLand
HOA$5,000/mo
Cumulative Days Active0

About this home

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. Property extends to the mean low tide mark allowing access and recreation on each property at Governors Point. San Juan Island lifestyle without the hassle of the ferry system.

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

NewWaterfront
Listed Oct 24, 2026MLS# 2597407

Facts & features

1.4 acLot
Building
TypeLand
Lot & exterior
Lot size1.4 acres (60,984 sqft)
ViewBay, Islands, Mountains, Sea, Sound, Territorial
WaterfrontMedium Bank, Saltwater, Sea, Sound
ZoningResidential
Utilities
SewerNot Available
WaterAvailable, In Street
HOA & taxes
HOA dues$5,000 / mo
Property tax (2026)$28,842 / yr
Interior features
Exterior & lot

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$36,33630-year fixed · 6.5%
P&I $28,822Taxes $2,404Insurance $110HOA $5,000
Plus ~$171,000 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 Oct 24, 2026Listed for sale $5,700,000

Tax history

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

Schools

Bellingham School District
ElementaryBuyer To Verify
MiddleBuyer To Verify
HighBuyer To Verify
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 Bellingham12 min
WWU10 min
St. Joseph Hospital14 min
Peace Arch border38 min

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

Median list price$620k604 active listings
Cumulative Days Active74median, active listings
List price per sqft$391this home: —
Homes for sale604in Bellingham

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

Listing details

StatusActive
MLS #2597407
ListedOct 24, 2026
List price$5,700,000
Cumulative Days Active0
Property typeLand
Listing brokerageCOMPASS
SourceNWMLS as distributed by MLS GRID
Listing courtesy of COMPASS. Based on information submitted to the MLS GRID as of Oct 24, 2026, 7:52 AM (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.
$5,700,000Tour this home