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.
Listed by Per Sherwin
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The Agency Bainbridge Island
Last updated May 21, 2026
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Source: NWMLS #2524425
Listing Facts
TypeSingle-family
NeighborhoodIndianola
Bedrooms3
Bathrooms2
Days on Prevu31
Taxes$3,407/year
Size2,146 sqft
Price per sqft$697
Amenities
Washer/Dryer
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
05/16/2026
Listed by The Agency Bainbridge Island
$1,496,000
Property Details for 12426 NE Philip Drive S
Exterior
Construction
Property Condition: Fixer
Roof: Composition
Structure Type: House
Year Built: 1981
Architectural Style: Traditional
Construction Materials: Wood
Entry Location: Main
Exterior Features: Wood
Features
Direction Faces: South
View: Territorial
Measurements
Building Area Total: 2,146
Building Area Units: Square Feet
Lot Features: Open Space, Secluded, Value In Land
Lot Size Acres: 40.49
Lot Size Dimensions: 1,331,122,713,421,323
Lot Size Square Feet: 1,764,180
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 12260240012001
Tax Annual Amount: $3,407.00
Tax Year: 2026
Interior
Features
Appliances: Stove(s)/Range(s), Washer
Fireplace Features: Wood Burning
Fireplace: Yes
Fireplaces Total: 1
Flooring: Concrete, Hardwood, Vinyl
Interior Features: Bath Off Primary, Ceiling Fan(s), Dining Room, Fireplace, Skylight(s), Vaulted Ceiling(s), Water Heater
Measurements
Living Area: 2,146
Rooms
Basement: Daylight, Partially Finished
Bathrooms Full: 2
Bathrooms Total Integer: 2
Bedrooms Total: 3
Main Level Bathrooms: 1
Main Level Bedrooms: 2
Other
Environmental
Green Energy Efficient: Double Wall
Location
Subdivision Name: President Point
Parking
Parking
Parking Features: Driveway, RV Parking
Parking Total: 5
Schools
Elementary School
Elementary School: Buyer To Verify
High School
High School: Buyer To Verify
High School District: North Kitsap #400
Middle or Junior School
Middle Or Junior School: Buyer To Verify
Utilities
Equipment
Has Cooling: Yes
Has Heating: Yes
Sewer: Septic Tank
Water Source: Individual Well
Frequently Asked Questions
How many bedrooms and bathrooms does this single-family home have?
There are 3 bedrooms and 2 bathrooms in this single-family home at 12426 NE Philip Drive S.
What schools are nearby to 12426 NE Philip Drive S?
Nearby schools include the Buyer To Verify Elementary School, Buyer To Verify Middle School, and Buyer To Verify High School.
Does this single-family home have parking?
Yes, there are 5 parking spaces available for 12426 NE Philip Drive S.
What are the annual taxes for 12426 NE Philip Drive S?
Annual taxes for this single-family home are estimated at $3,407.
How does 12426 NE Philip Drive S compare to other single-family homes in Indianola?
This single-family home is listed 107% above the average price for single-family homes in Indianola and has been on the market for 4 less days than the typical home in this area.
What is the square footage on this single-family home?
According to the MLS, this listing is 2,146 sqft.
12426 NE Philip Drive S is a 3-bedroom, 2-bath single-family home for sale in Kingston WA 98346. On Prevu for 31 days at $1,496,000. This residence features 2,146 square feet of living space, located in Kitsap County. The median listing price for single-family homes in this area is $600,000. Nearby schools include Buyer To Verify Elementary School, Buyer To Verify Middle School, and Buyer To Verify High School. Property amenities include pets allowed, parking, and washer/dryer. View other single-family home listings in Kitsap County.
Based on information from NWMLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
