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7251 Oak Bay Road, Pt Ludlow, WA, 98365

1beds
2baths
4,600sqft
$995,000
$216price/sqft
$6,103/moest. monthly cost
$244,120/yrincome needed

About This Home

Shy 8 acre once in a lifetime opportunity for the buyer looking for a home-based business opportunity or a magnificent artist's or craftsman's workshop with acreage! For the past 30 years this property has served as home and business for Kristine's Cabinets where the owners created masterful custom cabinet sets for the entire Olympic Peninsula. The property is their home as well as the Cabinet Shop and Showroom. The main structure totals 4600 sq ft. 2 story wood-frame building with luxurious but unconventional living space and Showroom and outdoor covered entertainment area as well as a full bath on the main level, and a 1/2 bathroom plus Shop Space below. In addition the offering also includes 2 separate large parcels w/ water & power!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

6/10
4/10
Chimacum High SchoolGrades 7-126.0 mi

Construction

Condition

  • Year built: 1977

Materials

  • Foundation: Block,Poured Concrete,Slab
  • Roof: Metal
  • Construction materials: Cement/Concrete,Wood Siding,Wood Products

Notable Dates

  • Major remodel year: 1977

Type & Style

  • Home type: SingleFamily
  • Architectural style: 1 Story w/Bsmnt.
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Daylight,Partially Finished,Bath/Stubbed

Bedrooms & Bathrooms

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

Features

  • Central Vacuum
  • Window features: Dbl Pane/Storm Window
  • Fireplace features: Gas

Heating & Cooling

  • Heating features: Forced Air,Heat Pump,Stove/Free Standing,Electric,Propane,Wood
  • Cooling features: Forced Air,Heat Pump

Interior Area

  • Total structure area: 4,600
  • Total interior livable area: 4,600 sqft

Property

Details

  • Parcel number: 978900109
  • Zoning description: Jurisdiction: County
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Built-In Vacuum,Dbl Pane/Storm Window,Vaulted Ceiling(s)
  • Has view: Yes
  • View description: Canal,Sound
  • Has water view: Yes
  • Water view: Canal,Sound
  • Topography of land: Partial Slope

Lot

  • Lot size: 7.90 Acres
  • Features: Corner Lot,Paved,Value In Land,Deck,Fenced-Fully,High Speed Internet,Outbuildings,Patio,Propane,RV Parking,Shop

Parking

  • Parking features: Driveway,Off Street,RV Parking

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

  • Earthquake
    EarthquakeRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Earthquake
Winter Weather
Coastal Flooding
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 $5,031$60,372
Home Insurance *$220$2,640
Property Taxes $538$6,456
Electricity $314$3,775
Total$6,103$73,236
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$209,245/yr
40% on housing$183,090/yr
45% on housing$162,746/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

$216This listing

vs Other Active Listings

Avg $/sqft

ZIP 98365$320
Jefferson County$281

vs Homes Sold Last Month

Median $/sqft

ZIP 98365
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)

No zestimate history available

Price History

DateEventPrice
2025-05-05Price change$995,000
2025-05-03Listed for sale$1,025,000
2025-04-21Pending sale$1,025,000
2024-12-19Listed for sale$1,025,000

For Sale by Agent

AgentBryan Diehl
BrokerageRE/MAX FIRST Inc Port Townsend

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