2 Teal Lake Road Port Ludlow, WA 98365

37 acres of investment grade property. This site can be your next adventure ! Located just over the Hood Canal onto the Olympic Peninsula is this development grade property. The zoning is 1:5 allowing the possibility for 7 - 5 acre home sites. PUD power and PUD water hookups available on site. Contact your Realtor for a private showing. SHOWN BY APPT ONLY.

View facing East with the Hood Canal Bridge at top left. Potential views of the Cascade Mtn range and the Hood Canal from several locations on the site.

View of the site facing SW into the Olympic Mtn range. Endless recreational opportunities just a few miles away.

Mount Rainier is shown in the distance. On a clear day the Cascade mtn range is in full view. Two county boat launches are just minutes away.

The adjacent 58 acres with access to this site are shown at the top of the photo. The 58 acres are also available for sale.

Entrance into the site at the NW corner.

Southerly views from many vantage points. With some clearing, create some view homesites with plenty of sunshine.

Entrance into the site Nice topography for several homes with water views.

West property line with Olympic Mtns in the distance.

With some clearing, you'll have many nice parcels or just keep the site for a long term investment.

Buffer around the PUD well site.

Established roadways.

All 4 corners of the property are all marked.

PUD well site within the parcel.
2 Teal Lake Road
Port Ludlow, WA 98365
$660,000
Land
0 Beds
0.00 Baths
0 SqFt
Active
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
Watch Virtual Tour #1Property Features
Community: Teal Lake
Res-Over 1 Acre
View:
View: Canal
View: Territorial
Corners Flagged
Evergreens
Heavily Forested
ORV Trails
Partially Cleared
Pool: Above Ground
2026 Taxes: $62.00
Listing #: 2523119
Lot Details
Lot Size: 37.20 acres
Adjacent to Public Land
Dead End Street
Topography: Level
Topography: Rolling
Topography: Sloped
Road Sides: NW
Road: Gravel
Road: Privately Maintained
Utilities
Electricity: On Property
Water: Drilled Well
Water: On Property
Water: See Remarks
Water: Shared Well
Gas: Not Available
Sewer: Not Available
Schools
District: Chimacum #49
Elem: Buyer To Verify
Middle: Buyer To Verify
High: Buyer To Verify
Call or Email:
Grace Wamwere
What's Near 2 Teal Lake Road Port Ludlow, WA 98365?

Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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