2 XXX Teal Lake Road, Port Ludlow, WA 98365

Property Description

Opportunities like this rarely come along—and they speak to both vision and lifestyle. This 37-acre property on the Olympic Peninsula offers a compelling blend of investment upside and the kind of space buyers dream about owning. Perched above the Hood Canal, the land enjoys expansive southern views stretching across the Olympic Mountains—an ever-changing backdrop of water, sky, and peaks. Whether you’re imagining a private estate, a working farm or ranch, or a multi-generational retreat, the scale and setting here make it possible. For those thinking long-term, the zoning allows for one home per five acres—creating the potential for up to seven 5-acre parcels. Develop now, phase it over time, or simply hold as a legacy investment. With PUD water on site (system development fee per hookup) and power available, much of the heavy lifting is already in place. Currently enrolled in Designated Forest Land status, the property carries extremely low taxes—just $62 per year—making it as practical to hold. Despite the peaceful, rural feel, you’re just minutes from Port Ludlow, the Hood Canal Bridge, and Poulsbo, giving you easy access to amenities while preserving privacy and quiet. Whether you’re an investor looking for a site with multiple options or a buyer searching for a large, view parcel to call your own, this property delivers both. Contact your agent for a private showing. ALL visits must have listing agent approval - Adjacent parcel available. MLS 2523478

Listing Status:

Active

Data Last Updated:

August 28, 2026 at 12:21AM

Listing Office:

Munn Bro's Hood Canal Prop Inc : 360-765-4500

Listing Agent:

Jim Munn : 360-765-4500

MLS ID:

2523119

Interior

• A/C: None
• Heating: None
• Fireplace: Fireplaces: 0

Exterior

• General: Corners FlaggedEvergreensHeavily ForestedORV TrailsPartially Cleared

Construction

• General: 41 - Res-Over 1 Acre

Location

• Road/Access: Gravel
• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Chimacum #49
• County: Jefferson

Lot

• Topography: LevelRollingSloped
• Zoning: 821343005
• View: CanalMountainsTerritorialView
• Restrictions: Manufactured Homes OKNo Restrictions

Utilities

• Utilities: Electricity ConnectedElectricity on Property
• Water: Drilled WellOn PropertySee RemarksShared Well
• Sewer: Not Available

Financial

• Source: nwmls