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470 Bonanza Drive, Lopez Island, WA, 98261

5beds
7baths
6,096sqft
$2,495,000
$409price/sqft
$14,879/moest. monthly cost
$595,160/yrincome needed

About This Home

Generational Living At It's Best with 2 houses on 440+ feet of waterfront with deep water dock share & private buoy + 2 additional separate tax parcels for future building. Everything you need for a family compound. The main home has vaulted ceilings with skylighted entry, clear fir trim, oak floors, tons of built-ins & storage, 2 woodstoves & flexible spaces. The kitchen overlooks the Great Room and boasts double ovens, separate Thermador cooktop, SubZero refrigerator, oak cabinets and walk-in pantry. The snooker table room with wood stove and deck door is as versatile as your imagination. Lower level spacious, ensuite primary bedroom incl separate closets with built-in dressers & office/exercise area. Extra 3/4 bath off the laundry room with exterior door to scrub down after a day on the boat. Both houses have view decks with enviable panoramas to wile away an afternoon. Second home (1044 sqft) built in 1982 has 2 bedrooms & 2 baths with wood stove, built-in dressers & laundry. Adjacent to the circle driveway is a detached 2 car garage with separate shop & wood storage carport. A very natural and private 17+ acres incl terraced waterfront, rocky outcrops, mature woods & sunny pasture. Close to Lopez Hill trails. Listed below assessed value.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
9
BikeSomewhat Bikeable

Schools

6/10
Lopez Elementary SchoolGrades K-62.0 mi
6/10
Lopez Middle High SchoolGrades 7-122.0 mi

Construction

Condition

  • Property condition: Good
  • Year built: 1984

Materials

  • Foundation: Poured Concrete,Slab
  • Roof: Tile
  • Construction materials: Wood Siding

Notable Dates

  • Major remodel year: 1984

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Double Oven,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Trash Compactor,Washer,Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Washer(s),Water Heater: electric,Water Heater Location: mechanical room

Basement

  • Has basement: Yes
  • Basement: Daylight,Finished

Bathroom Full

  • Level: Lower

Bathroom Full

  • Level: Split

Bathroom Three Quarter

  • Level: Lower

Bathroom Three Quarter

  • Level: Split

Bedroom

  • Level: Split

Bedroom

  • Level: Split

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 7
  • Full bathrooms: 4
  • 3/4 bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Bonus Room

  • Level: Main

Den Office

  • Level: Lower

Features

  • Bath Off Primary,Central Vacuum,Ceiling Fan(s),Pantry
  • Window features: Dbl Pane/Storm Window,Skylight(s)
  • Flooring: Ceramic Tile,Hardwood,Vinyl,Carpet

Great Room

  • Level: Main

Heating & Cooling

  • Heating features: Baseboard,Forced Air,Stove/Free Standing,Electric,Wood
  • Cooling features: None

Interior Area

  • Total structure area: 5,052
  • Total interior livable area: 6,096 sqft

Kitchen Without Eating Space

  • Level: Main

Kitchen Without Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Lower

Other

  • Level: Main

Utility Room

  • Level: Lower

Property

Details

  • Parcel number: 1531500001
  • Zoning description: Jurisdiction: County
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Bath Off Primary,Built-In Vacuum,Ceiling Fan(s),Dbl Pane/Storm Window,Pantry,Security System,Skylight(s),Vaulted Ceiling(s),Water Heater,Wet Bar
  • Has view: Yes
  • View description: Islands,See Remarks,Sound,Strait,Territorial
  • Has water view: Yes
  • Water view: Sound,Strait
  • On waterfront: Yes
  • Waterfront features: Medium Bank,Saltwater,Sound
  • Frontage length: Waterfront Ft: 446
  • Topography of land: Level,Partial Slope
  • Residential vegetation: Garden Space,Pasture,Wooded

Lot

  • Lot size: 17.61 Acres
  • Features: Dead End Street,Secluded,Deck,Dock,Moorage,Outbuildings

Parking

  • Total spaces: 2
  • Parking features: Driveway,Detached Garage,Off Street
  • Has garage: Yes
  • Covered spaces: 2

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
  • Coastal Flooding
    Coastal FloodingModerate
  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Winter Weather
Coastal Flooding
Earthquake
Inland Flooding

FEMA Declared Disasters in San Juan 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 $12,616$151,392
Home Insurance *$498$5,976
Property Taxes $1,349$16,188
Electricity $416$5,003
Total$14,879$178,548
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$510,137/yr
40% on housing$446,370/yr
45% on housing$396,773/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: 12.8%
12.8%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: -0.1%
-0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$409This listing

vs Other Active Listings

Avg $/sqft

ZIP 98261$437
San Juan County$451

vs Homes Sold Last Month

Median $/sqft

ZIP 98261
San Juan County$599

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
2026-05-19Listed for sale$2,495,000

For Sale by Agent

AgentDianne Pressenda
BrokerageWindermere RE/Lopez Island

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