12426 NE Philip Drive S · Kingston, WA 98346
Source: NWMLS · The Agency Bainbridge Island · Per Sherwin #NWM2524425
About this home
Stunning 40.5-acre development and investment opportunity in highly sought-after Kingston. Formerly part of a larger 116-acre legacy holding, this exceptional property offers gently sloping topography, abundant sunlight, peaceful natural surroundings, and significant future potential. Zoned RR, the property presents an outstanding opportunity for a luxury estate, gated compound, equestrian retreat, vineyard concept, or potential future development play. Existing improvements include a 2-bedroom, 2-bath residence, expansive shop, and substantial covered equipment/RV storage. Residence is a fixer & being sold as-is and may serve well as an interim residence, rental, field office, or staging base during planning and development. Possible KPUD water availability adds additional long-term upside potential for investors and developers to explore. Prime North Kitsap location just minutes to Kingston ferries, golf, beaches, trails, Indianola, and area amenities. Property is contiguous to an additional available 40-acre parcel & another non-contiguous 35 acre parcel, creating the rare potential for a combined large-acreage assemblage. Additional acreage opportunities may also be available. Shown by appointment only.
Location
Basics
- Property type
- Single Family Residence
- Style
- Traditional
- Stories
- 2 stories
- Condition
- Fixer
- Year built
- 1981
- Lot size
- 1,764,180 sq ft (40.5 acres)
- County
- Kitsap
- MLS #
- NWM2524425
Interior
- Heating
- Heat Pump, Stove/Free Standing
- Cooling
- Heat Pump
- Flooring
- Concrete, Hardwood, Vinyl
- Appliances
- Stove(s)/Range(s), Washer
- Fireplace
- 1 · Wood Burning
- Interior features
- Bath Off Primary, Ceiling Fan(s), Dining Room, Fireplace, Skylight(s), Vaulted Ceiling(s), Water Heater
- Entry level
- Main
Exterior & lot
- Exterior features
- Wood
- Roof
- Composition
- Foundation
- Poured Concrete
- Lot features
- Open Space, Secluded, Value In Land
- Topography
- Equestrian,Partial Slope
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 5
- Parking features
- Driveway, RV Parking
Utilities
- Water
- Individual Well
- Sewer
- Septic Tank
- Power
- Electric
Community & fees
- Subdivision
- President Point
- Property tax
- $3,407 (2026)
Transaction
- Original list price
- $1,496,000 (9.7% price cut)
- Listed on
- May 16, 2026
- Days on market
- 127
- Price per sq ft
- $629
- Listing terms
- Conventional
- Possession
- Closing
More homes nearby
Schools
School district: North Kitsap #400
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Kingston High SchoolSchoolDigger 4 stars · Top 19% in WA
Listing provided courtesy of: The Agency Bainbridge Island
Listing agent: Per Sherwin.
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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-08-04.