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$2,395,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 2,606 Sq. Ft.
  • Updated 1 day ago

Listed by Alex Thomas | Realogics Sotheby's Int'l Rlty | (206) 538-0730 and Kristopher Lee | Realogics Sotheby's Int'l Rlty | (206) 538-0730

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Experience 770 feet of waterfront surrounding a crystal-clear lagoon that is continuously replenished by the adjoining Saratoga Passage known for its deep-water boat traffic. Race Lagoon serves as a peaceful bird sanctuary for the White Pelican, herons, eagles, owls and more. Set on 2.4 PRIVATE, level acres, this extraordinary retreat offers breathtaking water views from nearly every room. Launch a kayak or paddleboard from your shoreline, paddle directly into the open waters of Saratoga Passage, and enjoy one of Whidbey Island's most desired waterfront settings. Inside, this extraordinary timber-framed home features soaring vaulted ceilings with dramatic exposed beams and walls of glass that frame the spectacular views while seamlessly connecting to a private courtyard. The main-level primary suite and great room open to an entertainer's dream, complete with a hot tub, outdoor kitchen, fire pit, and the sparkling lagoon with Mt Baker as your backdrop. Radiant-heated concrete floors and a gas fireplace provide year-round comfort. A proven luxury vacation rental, this property is one of Whidbey Island's most sought-after VRBO generating exceptional rental income thanks to its rare waterfront setting, privacy, resort-style amenities, and unforgettable guest experience.

Full Property Details for 507 Race Rd

General

  • Price: $2,395,000
  • Taxes: $10,565 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2549084
  • Updated: 7/5/2026
  • Added to Site: 6 day(s) ago

Rental Information

  • Short Term: Yes

Interior

  • Interior Features: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Hot Tub/Spa, Loft, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wine/Beverage Refrigerator
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Gas
  • Appliances: Dishwasher(s), Double Oven, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Flooring: Ceramic Tile, Concrete, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Upper - Full Baths: 1
  • Main Floor Baths: 2
  • Main - 1/2 Baths: 1

Bedrooms

  • Total Bedrooms: 3
  • Bedrooms Upper: 2
  • Bedrooms Main: 1

Additional Information

  • Amenities: Deck, High Speed Internet, Hot Tub/Spa, Patio, Propane, RV Parking
  • Spa: Yes

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Covered Spaces: 2
  • Parking Features: Attached Garage, RV Parking

Location

  • Area: 812 - Central Whidbey Island
  • County: Island
  • Subdivision: Race Lagoon
  • Driving Directions: From south Whidbey, take Hwy 525/20 to right on Race Road. Home is on the lagoon. From North Whidbey take Hwy 20 to left on Welcher, then right on Race Road.

School Information

  • High School District: Coupeville
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: 90%+ High Efficiency, Central Air, Radiant
  • Heating Type: Radiant
  • Water Heater: Propane

Utilities

  • Sewer: Septic Tank
  • Water: Community

Structural Information

  • Architectural Style: Contemporary
  • Structure Type: House
  • Builder: Clifton View Homes
  • Exterior Const.: Cement Planked
  • Basement Desc.: None
  • Foundation: Slab
  • Roof: Composition
  • Entry Location: Main
  • Square Feet: 2,606
  • Finished Total: 2,606 Sq. Ft.
  • Year Built: 2006
  • Property Condition: Very Good

Lot Features

  • Property View: Bay, Islands, Mountains, Ocean, See Remarks, Sound, Strait
  • Lot Size (Acres): 2.44
  • Lot Size (Sq. Ft.): 106,286
  • Lot Size Source: Public Records
  • Topography: Level
  • Lot Features: Open Space, Paved
  • Trees/Vegetation: Garden Space

Water Features

  • Water Front: Yes

Financial Considerations

  • Tax Amount: $10,565
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dishwasher(s), Double Oven, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Property ID: R231073463910

Listed by Alex Thomas | Realogics Sotheby's Int'l Rlty | (206) 538-0730 and Kristopher Lee | Realogics Sotheby's Int'l Rlty | (206) 538-0730

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NMLS#: 1598647

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Schools serving 507 Race Rd

School District:Coupeville School District
NameGradesDistance
Coupeville Elementary School
6 South Main Street, Coupeville, WA 98239
PK-54.2 mi
Coupeville Middle School
501 South Main Street, Coupeville, WA 98239
6-84 mi
Coupeville High School
501 South Main Street, Coupeville, WA 98239
9-124 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 507 Race Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/05/2026
Listed
$2,395,000
181.76%
MLS
1/27/2016
Sold
$850,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 507 Race Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,538
16%
$1,478,324
24%
2021
$9,062
-11%
$1,194,438
-7%
2023
$10,171
12%
$1,281,085
22%
2021
$9,062
3%
$1,049,848
5%
2020
$8,828
9%
$1,004,067
12%
2019
$8,127
-7%
$897,250
6%
2018
$8,729
8%
$850,029
-1%
2017
$8,101
-10%
$855,585
-6%
2016
$8,976
6%
$911,140
-1%
2015
$8,476
—
$916,696
3%
2014
$8,450
3%
$891,816
-2%
2013
$8,224
—
$911,186
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Alex Thomas | Realogics Sotheby's Int'l Rlty | (206) 538-0730 and Kristopher Lee | Realogics Sotheby's Int'l Rlty | (206) 538-0730

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507 Race Road, Coupeville, WA 98239 (MLS# 2549084) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 507 Race Road is currently listed for $2,395,000 and was received on July 05, 2026. Want to learn more about 507 Race Road? Do you have questions about finding other Single Family real estate for sale in Coupeville? You can browse all Coupeville real estate or contact a Coldwell Banker agent to request more information.

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