This home's estimate is 10.7% higher than the average sale price ($656K) of 6 comparable homes.
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731 Olele Point Rd, Port Ludlow, WA 98365
About this home
STUNNING waterfront--View with a VISION--stunningly priced! Live here or bring your plans & build-on. Cottage is fully updated: new flooring, newly painted, new wall heaters, newer appliances, new windows. SPAAD approved! County has approved expansion of home footprint to 1440 sq ft on each of 2 floors. Septic system is upgraded to 4 BR, w/offsite drainfield. A great guesthouse with bedroom, kitchen, bath, & living room are here, too! Repair steps to beach, or beach access is just 2 lots away.

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Market trends in 98365, WA
Last updated September 2026
Buyer's Market
Seller's Market
Balanced market
- OPEN OCT 17, 12PM TO 2PM$598,5002 beds2.5 baths2,035 sq ft31 Sea Vista Pl, Port Ludlow, WA 98365Ruth Gribbin-Schmitt • Coldwell Banker Best Homes
- $760,0004 beds2.5 baths2,357 sq ft25 Evans, Port Ludlow, WA 98365Lindsey Montgomery • Windermere R.E. Port Townsend
- OPEN SUN, 11AM TO 1PM$1,228,0003 beds3 baths3,198 sq ft333 South Bay Ln, Port Ludlow, WA 98365Sheri Griffith • John L. Scott Port Ludlow
- $1,499,9993 beds3 baths3,031 sq ft3221 Teal Lake Rd, Port Ludlow, WA 98365Dennis Balduf • REally Properties Inc
- 3D WALKTHROUGH$1,199,9003 beds4 baths3,460 sq ft110 Groves Way, Port Ludlow, WA 98365James Shute • KW Greater Seattle
- $1,550,0002 beds3 baths1,975 sq ft131 S Bay Way, Port Ludlow, WA 98365Holley Carlson • The Agency - Port Townsend
- $615,0002 beds2 baths1,498 sq ft61 Clipper Ln, Port Ludlow, WA 98365Becky Belding • Windermere R.E. Port Ludlow
See all
Provided by Redfin
Sale history for 731 Olele Point Rd
$382/sq ft
$415/sq ft
$429/sq ft
$457/sq ft
$485/sq ft
$569/sq ft
$632/sq ft
Tax history for 731 Olele Point Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Covered Spaces: 2
- Parking Features: Detached Carport, Detached Garage
- Garage Spaces: 2
- Has Carport
- Has Garage
Interior
- Bedroom Information
- # of Bedrooms: 3
- # of Bedrooms Main: 3
- Bedrooms Possible: 4
- Bathroom Information
- # of Three Quarter Baths (Total): 2
- # of Three Quarter Baths (Main): 2
- Room 1 Information
- Room Type: Bathroom Three Quarter
- Room Level: Main
- Room 2 Information
- Room Type: Bathroom Three Quarter
- Room Level: Main
- Room 3 Information
- Room Type: Living Room
- Room Level: Main
- Room 4 Information
- Room Type: Bedroom
- Room Level: Main
- Room 5 Information
- Room Type: Bedroom
- Room Level: Main
- Room 6 Information
- Room Type: Entry Hall
- Room Level: Main
- Room 7 Information
- Room Type: Kitchen Without Eating Space
- Room Level: Main
- Room 8 Information
- Room Type: Bedroom
- Room Level: Main
- Room 9 Information
- Room Type: Kitchen Without Eating Space
- Room Level: Main
- Room 10 Information
- Room Type: Extra Fin Rm
- Room Level: Main
- Heating & Cooling
- Has Heating
- Has Cooling
- Interior Features
- Interior Features: Wall to Wall Carpet, Laminate
- Flooring: Laminate, Carpet
- Appliances Included: Dishwasher,Refrigerator
Exterior
- Building Information
- Building Information: Additional Dwelling,Built On Lot
- Roof: Metal
- Exterior Features
- Exterior Features: Wood
- Waterfront Information
- On Waterfront
- Waterfront Footage: 67'
- Property Information
- Energy Source: Electric
- Sq. Ft. Finished: 720
- Style Code: 10 - 1 Story
- Property Type: Residential
- Property Sub Type: Single Family Residence
- Property Condition: Good
- Has View
- Lot Information
- Zoning Jurisdiction: County
- Lot Features: Dead End Street, Paved
- Lot Size Units: Square Feet
- Lot Size Acres: 0
- Elevation Units: Feet
Financial
- Tax Information
- Tax Annual Amount: $2,855
- Tax Year: 2012
- Financial Information
- Listing Terms: Cash Out, Conventional
- Buyer Financing: Cash
Utilities
- Utility Information
- Water Source: Private
- Power Company: Puget Sound Energy
- Sewer: Septic Tank
Location
- Multi-Unit Information
- Furnished: Unfurnished
- School Information
- High School District: Chimacum #49
- Location Information
- Bus Line Nearby: true
- Directions: Oak Bay Road to Olele Point Road, to sign on waterside.
- Topography: Level
- Community Information
- Senior Exemption: false
Public facts
- Beds: 2
- Baths: 1.0
- Sq. Ft.: 1,528
- Stories: 1.0
- Lot Size: 0.45 acres
- Style: Single Family Residential
- Year Built: 1974
- Year Renovated: —
- County: Jefferson County
- APN: 977400003
Other
- Listing Information
- Mls Status: Sold
- Listing Date Information
- On Market Date: Saturday, September 1, 2012
- Green Information
- Power Production Type: Electric
- Home Information
- Living Area: 720
- Living Area Units: Square Feet
- Calculated Square Footage: 720
- MLS Square Footage Source: County
- Building Area Total: 720
- Building Area Units: Square Feet
- Foundation Details: Block
- Structure Type: House
- Levels: One
- Entry Location: Main
Around this home
Schools
Public 2-6 • Assigned • 5.1mi
Public 7-12 • Assigned • 5.1mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 83° expected this year, 15 days in 30 years
Minimal risk of severe winds over next 30 years
7 unhealthy days expected this year, 9 days in 30 years
Sun exposure
In this area, properties receive around 8.5 hours in June and 1.8 hours in December, placing it below the U.S. average for solar exposure.
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Nearby similar homes
New listings for sale in 98365
Home values near 731 Olele Point Rd
| Address | Redfin Estimate |
|---|---|
2 Beds | 2.5 Baths | 3268 Sq. Ft. | $1,594,347 |
3 Beds | 3.5 Baths | 4480 Sq. Ft. | $1,402,405 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 2 Baths | 2484 Sq. Ft. | $1,296,635 |
2 Beds | 2 Baths | 1496 Sq. Ft. | $1,124,264 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 3 Baths | 2715 Sq. Ft. | $2,715,309 |
2 Beds | 2 Baths | 1890 Sq. Ft. | $1,227,327 |
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