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2633 Ivy Street, Port Townsend, WA, 98368

4beds
3baths
2,486sqft
$720,000
$290price/sqft
$4,460/moest. monthly cost
$178,400/yrincome needed

About This Home

For the first time in 40 years, this exceptional one-acre property in the heart of Port Townsend is ready for its next chapter. Set within city limits yet feeling worlds away, the 4-bedroom home sits amid mature landscaping with sweeping, unobstructed views of the Olympic Mountains across a broad pastoral landscape that simply cannot be overstated. The well-designed floor plan features hardwood flooring, mini-split heat pump plus propane forced-air backup for year-round comfort, and an attached two-car garage with attached shop space and a third garage door to shop. Still need more space? A covered 12x40 RV pad connects to a tall, permitted 12x40 detached shop — together forming an impressive 24x40 structure ideal for serious hobbyists, contractors, or anyone with gear to protect and projects to pursue. A new roof adds immediate peace of mind. With a full acre inside city limits, there's more than enough room for both an ADU and more gardens — a rare opportunity to add value or multigenerational flexibility. Five minutes to downtown Port Townsend's shops, restaurants, and waterfront, yet quietly tucked away with room to breathe. Properties like this don't come along often - don’t let this one get away!

Getting Around

4
WalkingCar-Dependent
0
TransitVery Limited Transit
21
BikeSomewhat Bikeable

Schools

6/10
Salish Coast ElementaryGrades PK-51.1 mi
4/10
Blue Heron Middle SchoolGrades 6-81.7 mi
8/10
Port Townsend High SchoolGrades 9-122.1 mi

Construction

Condition

  • Year built: 1972

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Siding

Notable Dates

  • Major remodel year: 1972

Type & Style

  • Home type: SingleFamily
  • Architectural style: 1 Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Refrigerator(s),Washer(s),Water Heater: Propane,Water Heater Location: Laundry Room

Basement

  • Basement: None

Bathroom Full

  • Level: Main

Bathroom Three Quarter

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 3
  • Main level bedrooms: 4

Entry Hall

  • Level: Main

Family Room

  • Level: Main

Features

  • Bath Off Primary,Ceiling Fan(s),Dining Room
  • Window features: Dbl Pane/Storm Window,Skylight(s)
  • Flooring: Hardwood,Vinyl,Carpet

Heating & Cooling

  • Heating features: Forced Air,Heat Pump,Electric,Propane
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 2,486
  • Total interior livable area: 2,486 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Other

  • Level: Main

Utility Room

  • Level: Main

Property

Details

  • Parcel number: 001043024
  • Zoning: R-II
  • Zoning description: Jurisdiction: City
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Bath Off Primary,Ceiling Fan(s),Dbl Pane/Storm Window,Dining Room,Skylight(s),Walk-In Closet(s),Water Heater
  • Has view: Yes
  • View description: Mountain(s),Territorial
  • Topography of land: Level,Partial Slope
  • Residential vegetation: Fruit Trees,Garden Space

Lot

  • Lot size: 0.99 Acres
  • Features: Corner Lot,Dead End Street,Paved,Cable TV,Fenced-Partially,High Speed Internet,Outbuildings,Propane,RV Parking,Shop

Parking

  • Total spaces: 6
  • Parking features: Detached Carport,Driveway,Attached Garage,RV Parking
  • Has garage: Yes
  • Covered spaces: 3
  • Uncovered spaces: 3
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Earthquake
    EarthquakeModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Winter Weather
Earthquake
Ice Storm

FEMA Declared Disasters in Jefferson County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,640$43,680
Home Insurance *$143$1,716
Property Taxes $507$6,084
Electricity $170$2,040
Total$4,460$53,520
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$152,914/yr
40% on housing$133,800/yr
45% on housing$118,933/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.2%
12.2%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 3.0%
3.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$290This listing

vs Other Active Listings

Avg $/sqft

ZIP 98368$286
Jefferson County$280

vs Homes Sold Last Month

Median $/sqft

ZIP 98368
Jefferson County$360

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-04Price change$705,000
2026-06-12Listed for sale$720,000

For Sale by Agent

AgentJames Fox
BrokerageWindermere R.E. Port Townsend

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