Opportunities like this rarely come along—and they speak to both vision and lifestyle. This 37-acre property on the Olympic Peninsula offers a compelling blend of investment upside and the kind of space buyers dream about owning. Perched above the Hood Canal, the land enjoys expansive southern views stretching across the Olympic Mountains—an ever-changing backdrop of water, sky, and peaks. Whether you’re imagining a private estate, a working farm or ranch, or a multi-generational retreat, the scale and setting here make it possible. For those thinking long-term, the zoning allows for one home per five acres—creating the potential for up to seven 5-acre parcels. Develop now, phase it over time, or simply hold as a legacy investment. With PUD water on site (system development fee per hookup) and power available, much of the heavy lifting is already in place. Currently enrolled in Designated Forest Land status, the property carries extremely low taxes—just $62 per year—making it as practical to hold. Despite the peaceful, rural feel, you’re just minutes from Port Ludlow, the Hood Canal Bridge, and Poulsbo, giving you easy access to amenities while preserving privacy and quiet. Whether you’re an investor looking for a site with multiple options or a buyer searching for a large, view parcel to call your own, this property delivers both. Contact your agent for a private showing. ALL visits must have listing agent approval - Adjacent parcel available. MLS 2523478
Property Details
- View
- Canal,Mountains,Territorial
- Lot Features
- Adjacent to Public Land, Dead End Street
- Lot Description
- Adjacent to Public Land, Dead End Street
- Acres
- 37.1999
- Square Feet
- 0.0
- Property Type
- Purchase
- Style
- 41 - Res-Over 1 Acre
- Sewer Information
- Not Available
- Utility Source
- Drilled Well, On Property, See Remarks, Shared Well
- Utility Features
- Electricity Connected
- Subdivision
- Teal Lake
- School District
- Chimacum #49
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- County
- Jefferson
- Region
- Port Ludlow
- Zoning
- RR 1 : 80
- Original List Price
- $660,000
- Days on Market (Cumulative)
- 87
- Taxes Annual
- $62
- HOA Fees
- 0.0
- MLS #
- 2523119
- Property Subtype
- Land
- Parcel Number
- 821343005
- MLS #
- 2523119
- Date Listed
- June 19, 2026
- Address
- 2 XXX Teal Lake Road
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2026-06-19T20:49:13Z. 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.
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Provided By
Listed by Jim Munn (#NWM78452)
Listing Office: Munn Bro's Hood Canal Prop Inc (#NWM2522)
