Bainbridge Island Homes under $500,000

Bainbridge Island Homes under $500,000

Welcome to Bainbridge Island, a hidden gem nestled in the heart of Washington State's Kitsap County. Just a short ferry ride from Seattle, this enchanting island offers a perfect blend of natural beauty, vibrant community, and a rich cultural scene. With its lush forests, stunning waterfront views, and quaint downtown shops, Bainbridge Island is a haven for those seeking a serene yet engaging lifestyle.

For homebuyers seeking affordable options, Bainbridge Island has a selection of charming homes priced under $500,000. These properties provide an excellent opportunity to experience island living without breaking the bank. Imagine waking up to the sound of birds singing and the gentle rustle of leaves, all while being just minutes away from scenic parks, local markets, and the breathtaking Puget Sound.

Whether you’re a first-time homebuyer, a downsizer, or looking for a cozy retreat, there’s something for everyone in this thriving community. Homes in this price range often feature unique architectural styles, cozy interiors, and access to beautiful outdoor spaces, perfect for enjoying Bainbridge Island’s mild climate and stunning landscapes.

Bainbridge Island is also known for its strong sense of community, with numerous events and activities throughout the year, from art walks to farmers' markets. The island’s excellent schools and family-friendly atmosphere make it an ideal place to raise children or enjoy a peaceful retirement.

Discover the charm of Bainbridge Island today and explore the wonderful homes available under $500,000. Your dream home awaits in this idyllic Pacific Northwest paradise!

Newest Bainbridge Island Homes under $500,000

521 Madrona Way NE Unit #13, Bainbridge Island
$495,000
1 Beds ⋅ 1 Baths ⋅ 2597872 MLS ⋅ FIRST LOOK Status
Discover modern, energy-conscious living in the heart of Winslow at The Walk. Just moments from the Seattle ferry, shops, restaurants, waterfront, and farmers market, this end-unit home is the largest of the studios at The Walk, offering an inviting blend of space, convenience, and island lifestyle. An open, light-filled layout creates a comfortable and versatile living space, complemented by a contemporary kitchen with quartz countertops and stainless steel appliances. Dedicated parking adds everyday convenience, while a beautifully landscaped community courtyard and shared gardens offer a welcoming sense of connection. Enjoy low-maintenance living with the best of Winslow just moments from your doorstep. Taxes and HOA dues are TBD and will be confirmed upon receipt of the Public Offering Statement. Also offered for sale together with the upper-level 3-bedroom townhome (NWMLS #2597875) as a duplex, providing a unique opportunity for multigenerational living, investment, or rental income potential. See duplex listing NWMLS #2597925.

521 Madrona Way NE Unit #13, Bainbridge Island

Listing Broker: COMPASS; Dana Fitzpatrick; 206-488-8632; dana.fitzpatrick@compass.com

1574 NE Park View Drive Unit #6, Bainbridge Island
$398,000
2 Beds ⋅ 1 Baths ⋅ 2591002 MLS ⋅ ACTIVE Status
Exceptional, low-maintenance living in historic Fort Ward! This charming one-level condo features an airy, open-concept floor plan with vaulted ceilings, large picture windows, and an expansive breakfast bar kitchen. Effortless indoor-outdoor flow leads straight to a generous back deck designed for grilling and entertaining. Beyond the deck, the fully fenced yard offers a private retreat, and a dedicated storage shed for outdoor equipment. Boasting low HOA dues and strong rental/cash-flow appeal, it is just moments from waterfront parks, miles of forest trails, and easy ferry access.

1574 NE Park View Drive Unit #6, Bainbridge Island

Listing Broker: Coldwell Banker Bain; Carii Clawson; 206-861-6157; cariibainbridge@gmail.com

1574 NE Park View Dr Unit #5, Bainbridge Island
$410,000
2 Beds ⋅ 1 Baths ⋅ 2587219 MLS ⋅ ACTIVE Status
A piece of Bainbridge Island history, thoughtfully renewed for modern living. Originally built in 1942 as officers’ barracks, this single-level Fort Ward condominium was remodeled in 2023, pairing clean, contemporary finishes with hints of vintage charm. Vaulted ceilings and expansive windows bring light into the living spaces and frame views of the surrounding evergreens. Luxury vinyl plank flooring rests over the original fir floors. The updated kitchen features all-new cabinetry and appliances, generous counter space, and a blue tile backsplash. Two bedrooms and a refreshed bathroom with in-unit laundry offer everyday ease. Outside, a private fenced yard and patio create space to dine, garden, or unwind beneath the trees. A covered front porch shared with the neighboring unit and two uncovered parking spaces add convenience. Fort Ward Park’s trails, shoreline, and beaches are close by, with Lynwood Center, Winslow, and the Seattle ferry within easy reach.

1574 NE Park View Dr Unit #5, Bainbridge Island

Listing Broker: Windermere RE Bainbridge; Crystal Hill; 206-683-2805; crystal@chillhomesre.com

216 Madrona Way NE, Bainbridge Island
$418,000
2 Beds ⋅ 2 Baths ⋅ 2586518 MLS ⋅ ACTIVE Status
Welcome to easy island living in the heart of Winslow! Located within the welcoming Islander Residents Association cooperative, this beautifully maintained 2006 Marlette manufactured home offers a wonderful blend of comfort, warmth, and convenience. Southwest exposure fills the open-concept living spaces with natural light, creating an inviting flow from the thoughtfully designed kitchen to the living area and private outdoor patio. The charming kitchen features abundant cabinetry and generous workspace, while vaulted ceilings and skylights add to the home's airy, open feel. Step outside to enjoy your private patio and garden spaces - an inviting extension of the living area and a lovely spot to relax or entertain. The spacious primary ensuite features a soaking tub, complemented by a second bedroom, full bath, dedicated laundry area, and generous parking. Set within a peaceful 50-home cooperative community, this exceptional in-town location offers the opportunity to simplify and embrace island living. Enjoy coffee, shopping, dining, theatre, the ferry, and everyday amenities just minutes from home. Convenient, comfortable, and wonderfully connected - welcome home to Bainbridge Island!

216 Madrona Way NE, Bainbridge Island

Listing Broker: Windermere RE Bainbridge; Diane Sugden; 206-355-9179; dianesugden@windermere.com

1339 Wintergreen Lane NE, Bainbridge Island
$380,000
1 Beds ⋅ 2 Baths ⋅ 2581368 MLS ⋅ ACTIVE Status
Affordable Wintergreen Townhomes limited to purchase by low-income households (typically incomes range from $45,000 to $79,600 (80% AMI for a 2-person household). The affordable Wintergreen Townhome's base price of $380,000 is reduced to as low as $275,000 after eligible grants. These affordable townhomes are part of Housing Resources Bainbridge’s community land trust. Contact HRB for application details. Monthly payment affordability facilitated by property tax exemption, financing options with below market interest rates, down payment assistance subsidies and other grants available to buyers. Wintergreen is located in the heart of Bainbridge Island, walking distance to the Seattle ferry, shopping, schools, parks and local jobs.

1339 Wintergreen Lane NE, Bainbridge Island

Listing Broker: Coldwell Banker Bain; Karen M Bazar; 360-981-0098; karen.bazar@cbrealty.com

353 Wallace Way NE Unit #7, Bainbridge Island
$495,000
4 Beds ⋅ 2 Baths ⋅ 2576209 MLS ⋅ ACTIVE Status
Discover a deeply connected lifestyle in the highly coveted Winslow Cohousing village! This property is ideal for those who want to actively participate, truly know your neighbors, share skills, and collaborate to keep this vibrant community running and thriving. The pedestrian-only 5-acre property features an organic orchard and garden, a playground, and a 5,000 sq ft Common House with a commercial kitchen, dining room, and children's playroom. This unit is located in the wooded end of the Cohousing property, and features edible landscaping with mature fruit trees and berries. There are three beds up and a fourth downstairs that would work as a guest room or workspace. Light-filled office space off the living room looks out onto the backyard and wooded space. Bonus loft space over stairs offers extra storage or a crafting or reading nook. Appliances new and updated throughout. Updated kitchen with banquette seating. Most floors recently replaced with vinyl plank and cork. Please Note: This property is legally structured as a housing cooperative (Co-op style code 33). Monthly assessment dues cover property taxes and common area maintenance.

353 Wallace Way NE Unit #7, Bainbridge Island

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

300 High School Road NE Unit #406, Bainbridge Island
$478,000
2 Beds ⋅ 1 Baths ⋅ 2573435 MLS ⋅ ACTIVE Status
Location, location, location! This well-maintained 2-bedroom top floor corner unit with covered balcony boasts both southern and western exposure. Conveniently located near everything Bainbridge Island! A mile to the ferry, on commuter bus route, nearby shopping, public indoor pool, library, churches, schools, parks, museums, banks, entertainment, and medical facilities. The efficient layout, electric fireplace, two assigned parking spaces with storage units, gated garage, secure mail & elevator lobby, and woods behind make this a great place to live year-round, or, seasonally. Great guest rooms at the hotel next door! Detailed HOA info can be found on The Property Group website; select Association Management, scroll down and select Island Crossings. HOA Dues: $742.86/mo. Pets permitted, restrictions apply. One year residency prior to rental eligibility. Call your Broker today!

300 High School Road NE Unit #406, Bainbridge Island

Listing Broker: Windermere RE Bainbridge; Chris Miller; 206-842-5626; MrChrisMiller@Windermere.com

141 Parfitt Way SW Unit #M-10, Bainbridge Island
$87,000
2555612 MLS ⋅ ACTIVE Status
Discover Winslow Wharf Marina, Bainbridge Island’s premier destination for dockominium ownership. Tucked along the sheltered north side of Eagle Harbor, this well-maintained marina offers convenience and coastal charm. Slip M-10 is a 26-foot moorage opportunity, perfect for personal use or as an investment. The marina functions similarly to a condominium community, allowing you to own your slip while enjoying first-class amenities, including guest moorage, clean restrooms with showers, laundry facilities, high-speed WiFi, 30- and 50-amp power, designated parking, and an on-site chandlery. From here, it’s a short stroll to shops, restaurants, and the Bainbridge-Seattle ferry. Don't let this one slip away!

141 Parfitt Way SW Unit #M-10, Bainbridge Island

Listing Broker: Bainbridge Homes Real Estate; Terra Wright Knudsen; 425-879-6843; terra@bainbridgehomes.com

10395 NE Pine Way, Bainbridge Island
$500,000
3 Beds ⋅ 1 Baths ⋅ 2541229 MLS ⋅ ACTIVE Status
A lovely, serene lot to build your dream home! Over an acre of peace and quiet to work with. A large building site, nicely treed, with a lot of options. There is a lovely open space behind the existing house to start from scratch with your own design. A large yard in front of the house is waiting for your landscaping touch. Water and power are in place, so bring your plans and get started! The value is in the land, there is a huge shed in back of the lot, which is great covered storage. Just a short ride to the ferry, minutes to walking trails. A real opportunity awaits.

10395 NE Pine Way, Bainbridge Island

Listing Broker: KW Greater Seattle; Bonnie M. Upham; 206-353-5580; Bonnie@KendraToddGroup.com

141 Parfitt Way SW Unit ##A6, Bainbridge Island
$125,000
2536412 MLS ⋅ ACTIVE Status
Enjoy the benefits of owning your own moorage in a vibrant marina community, all within walking distance of restaurants, shops, Town & Country Market, Saturday & moonlight farmers markets, theatres, & parks in downtown Winslow, plus the ferry to downtown Seattle. Slip #A6 is 32 ft x 12.55 ft, ideally located a short walk from the secure entry gate, offering a convenient starboard tie. Amenities include remodeled shower facilities, laundry, WiFi, 30 & 50 amp hookups, water, pump out facilities, parking, on-site management, and even an on-site Chandlery. Provide a secure home for your boat, potentially live aboard, and have your piece of prime Winslow waterfront. Or purchase as an investment for rental income and potential appreciation.

141 Parfitt Way SW Unit ##A6, Bainbridge Island

Listing Broker: Realogics Sotheby's Int'l Rlty; Leah Applewhite; 206-387-0439; leah@leahapplewhite.com

1323 Wintergreen Lane NE, Bainbridge Island
$380,000
1 Beds ⋅ 2 Baths ⋅ 2504723 MLS ⋅ ACTIVE Status
Affordable Wintergreen Townhomes limited to purchase by low-income households (typically incomes range from $45,000 to $79,600 (80% AMI for a 2-person household). The affordable Wintergreen Townhome's base price of $380,000 is reduced to as low as $275,000 after eligible grants. These affordable townhomes are part of Housing Resources Bainbridge’s community land trust. Contact HRB for application details. Monthly payment affordability facilitated by property tax exemption, financing options with below market interest rates, down payment assistance subsidies and other grants available to buyers. Wintergreen is located in the heart of Bainbridge Island, walking distance to the Seattle ferry, shopping, schools, parks and local jobs.

1323 Wintergreen Lane NE, Bainbridge Island

Listing Broker: Coldwell Banker Bain; Karen M Bazar; 360-981-0098; karen.bazar@cbrealty.com

1319 Wintergreen Lane NE, Bainbridge Island
$380,000
1 Beds ⋅ 2 Baths ⋅ 2499930 MLS ⋅ ACTIVE Status
Affordable Wintergreen Townhomes limited to purchase by low-income households (typically incomes range from $45,000 to $79,600 (80% AMI for a 2-person household). The affordable Wintergreen Townhome's base price of $380,000 is reduced to as low as $275,000 after eligible grants. These affordable townhomes are part of Housing Resources Bainbridge’s community land trust. Contact HRB for application details. Monthly payment affordability facilitated by property tax exemption, financing options with below market interest rates, down payment assistance subsidies and other grants available to buyers. Wintergreen is located in the heart of Bainbridge Island, walking distance to the Seattle ferry, shopping, schools, parks and local jobs.

1319 Wintergreen Lane NE, Bainbridge Island

Listing Broker: Coldwell Banker Bain; Karen M Bazar; 360-981-0098; karen.bazar@cbrealty.com

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Based on information submitted to the MLS GRID as of . 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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