PROPERTIES FOR SALE

203 Madrona Way NE #F-1 Bainbridge Island, WA 98110

203 Madrona Way NE sits in the heart of Winslow but feels like a treehouse — a small, well-crafted community tucked among the trees. Unit F-1 is two separate units with independent entries: a ground-floor studio through the gate, and a 1-bedroom spread across the 2nd and 3rd floors above. Live in one, rent the other. Host guests, run a business, or operate two short-term rentals. That last option is rare on Bainbridge — made possible here by an HOA specifically written to allow it.
203 Madrona Way NE sits in the heart of Winslow but feels like a treehouse — a small, well-crafted community tucked among the trees. Unit F-1 is two separate units with independent entries: a ground-floor studio through the gate, and a 1-bedroom spread across the 2nd and 3rd floors above. Live in one, rent the other. Host guests, run a business, or operate two short-term rentals. That last option is rare on Bainbridge — made possible here by an HOA specifically written to allow it.
An exterior door on the 2nd floor opens into the 1-bedroom unit, which spans two levels in the building’s northwest corner.
An exterior door on the 2nd floor opens into the 1-bedroom unit, which spans two levels in the building’s northwest corner.
You’re greeted by a sweet entry with wide plank top-nailed pine floors. The bedroom is to the right, and the great room is up the stairs.
You’re greeted by a sweet entry with wide plank top-nailed pine floors. The bedroom is to the right, and the great room is up the stairs.
The third-floor great room is where the home opens up — vaulted ceilings, a wall of glass, and a canopy of Douglas Firs that feels both private and alive. Cook, gather, settle in.
The third-floor great room is where the home opens up — vaulted ceilings, a wall of glass, and a canopy of Douglas Firs that feels both private and alive. Cook, gather, settle in.
The neutral color palette of the kitchen juxtaposed against the warmth of the top-nailed pine floors is so unique…and just plain cool. Speaking of cool, note the ductless mini-split heat pump for efficient and effective cooling and heating.
The neutral color palette of the kitchen juxtaposed against the warmth of the top-nailed pine floors is so unique…and just plain cool. Speaking of cool, note the ductless mini-split heat pump for efficient and effective cooling and heating.
The kitchen offers ample storage and prep space given the petite footprint, and includes quality stainless steel appliances, including an induction cooktop.
The kitchen offers ample storage and prep space given the petite footprint, and includes quality stainless steel appliances, including an induction cooktop.
Gorgeous!
Gorgeous!
Great privacy is hard to find in such a convenient location!
Great privacy is hard to find in such a convenient location!
The generous covered deck expands the great room, providing space enough for both lounging and eating. The composite decking is low maintenance, comfortable to walk on, and easy to clean.
The generous covered deck expands the great room, providing space enough for both lounging and eating. The composite decking is low maintenance, comfortable to walk on, and easy to clean.
What a great place to hangout and commune with the trees.
What a great place to hangout and commune with the trees.
The bedroom is on the 2nd floor, and also enjoys the privacy and views provided by the trees.
The bedroom is on the 2nd floor, and also enjoys the privacy and views provided by the trees.
Off the bedroom, you’ll find a 3/4 bath with a large shower and heated tile floors.
Off the bedroom, you’ll find a 3/4 bath with a large shower and heated tile floors.
The window keeps this room cheerful.
The window keeps this room cheerful.
A combo washer/dryer allows for storage above and below, but a stacking set also fits here if preferred.
A combo washer/dryer allows for storage above and below, but a stacking set also fits here if preferred.
This property includes one dedicated parking space. The building also has a guest space, and you’ll find unmetered street parking along Madrona.
This property includes one dedicated parking space. The building also has a guest space, and you’ll find unmetered street parking along Madrona.
The entry to the studio’s sweet fenced yard is adjacent to a lovely tree-lined trail that leads directly to the Farmer’s Market, Bainbridge Performing Arts, and Madrone Lane’s outdoor dining and hangout area. All of Winslow lies beyond! The peace, privacy, and proximity are an unbeatable combination!
The entry to the studio’s sweet fenced yard is adjacent to a lovely tree-lined trail that leads directly to the Farmer’s Market, Bainbridge Performing Arts, and Madrone Lane’s outdoor dining and hangout area. All of Winslow lies beyond! The peace, privacy, and proximity are an unbeatable combination!
The studio’s fenced yard is completely private.
The studio’s fenced yard is completely private.
So pretty.
So pretty.
The smart floor plan allows space for a simple existence…a perfect vacation getaway, guest space, or work environment. The kitchenette is just out of the frame here.
The smart floor plan allows space for a simple existence…a perfect vacation getaway, guest space, or work environment. The kitchenette is just out of the frame here.
Just add a microwave and/or hot plate and the studio provides an easy way to prepare simple things or reheat tasty leftovers from your favorite Winslow eateries.
Just add a microwave and/or hot plate and the studio provides an easy way to prepare simple things or reheat tasty leftovers from your favorite Winslow eateries.
The laundry also provides extra storage for luggage or other items you don’t want in plain sight.
The laundry also provides extra storage for luggage or other items you don’t want in plain sight.
This smooth, flat, easy public trail leads directly to downtown Winslow and conveniently places you in the midst of the Saturday Farmer’s Market or steps from the latest offerings at Bainbridge Performing Arts. With all your daily needs so nearby, a car is optional.
This smooth, flat, easy public trail leads directly to downtown Winslow and conveniently places you in the midst of the Saturday Farmer’s Market or steps from the latest offerings at Bainbridge Performing Arts. With all your daily needs so nearby, a car is optional.
All this and so much more is just out the door!
All this and so much more is just out the door!
Winslow provides so many great options for dining al fresco!
Winslow provides so many great options for dining al fresco!
Don’t miss our Eagle Harbor Book Co., our beloved local independent bookseller!
Don’t miss our Eagle Harbor Book Co., our beloved local independent bookseller!
Wineries, galleries, record stores…there so much to explore!
Wineries, galleries, record stores…there so much to explore!
Madrona Lane is a great spot to mix, mingle, and people watch on a nice day.
Madrona Lane is a great spot to mix, mingle, and people watch on a nice day.
Mmmmmm…pizza! Chef Brendan has won many awards for the tasty foods at all his restaurants.
Mmmmmm…pizza! Chef Brendan has won many awards for the tasty foods at all his restaurants.
Our fabulous locally-owned grocery store is a true treasure, and just a short jaunt away from 203 Madrona Way. No car required!
Our fabulous locally-owned grocery store is a true treasure, and just a short jaunt away from 203 Madrona Way. No car required!
Wanting some “big city” time? Hop the ferry to Seattle and enjoy the gorgeous ride.
Wanting some “big city” time? Hop the ferry to Seattle and enjoy the gorgeous ride.
Life on Bainbridge Island is just slower, calmer, and more connected.
Life on Bainbridge Island is just slower, calmer, and more connected.
NWMLS Courtesy of Realogics Sotheby's Int'l Rlty
203 Madrona Way NE #F-1
Bainbridge Island, WA 98110
$685,000
Residential
2 Beds
1.50 Baths
1002 SqFt
Active
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Two units, one remarkable opportunity. Whether you envision a live+work setup, two income-producing short-term rentals, or your own private island getaway, this property delivers — and the HOA was specifically drafted to allow it. The ground floor studio features a private fenced area, kitchenette, laundry, and ¾ bath. Above, a stylish 1-bedroom spans two stories and includes heated bathroom floors, laundry, and a stunning great room with soaring ceilings, a wall of windows framing native Douglas Firs, and a modern kitchen with quartz counters, tiled backsplash, and cabinetry in a unique neutral palette. An oversized covered deck extends the living space and feels like a treehouse. Top-nailed pine and polished concrete floors bring urban loft vibes to the heart of charming, quiet Winslow. Both units have private exterior entries. A tree-lined trail just outside leads to Winslow’s dining, shopping, galleries, and entertainment, with paved bike lanes and sidewalks also connecting you to the ferry and town. Low HOA dues. Fiber internet, solar-ready, and ICF construction with a low-maintenance exterior keep this package smart and efficient. An affordable option without compromise on quality is rare on Bainbridge, rarer still with this kind of flexibility. Imagine the possibilities!
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Property Features

Community: Winslow
Townhouse
View: Territorial
Deck
Dog Run
Electric Car Charging
Fenced-Partially
High Speed Internet
Patio
Bus Line Nearby: Yes
Exterior: Cement/Concrete
Exterior: Metal/Vinyl
Exterior: See Remarks
Exterior: Wood
Roof: Composition
Parking: Driveway
Year Built: 2018
HOA Dues: $383
2026 Taxes: $5091.84
Buyer Broker Comp.: 2.5%
Listing #: 2543650

Lot Details

Lot Size: 0.02 acres
Lot Dimensions: 39.16 x 27.25
Adjacent to Public Land
Corner Lot
Curbs
Dead End Street
Paved
Sidewalk

Appliances That Stay

Dishwasher
Disposal
Dryer
Microwave
Refrigerator
Stove(s)/Range(s)
Washer

Interior

High Tech Cabling
Vaulted Ceiling(s)
Water Heater
Dbl Pane/Storm Window
Cooling: Ductless HP-Mini Split, 90%+ High Efficiency, Heat Pump
Heating: Ductless HP-Mini Split, 90%+ High Efficiency, Heat Pump, Radiant
Electric

Open Houses

Jun 25: 10:00 AM - 12:00 PM
Jun 27: 1:00 PM - 4:00 PM
Jun 28: 1:00 PM - 4:00 PM

Schools

District: Bainbridge Island
Elem: Ordway Elem
Middle: Buyer To Verify
High: Bainbridge Isl
Call or Email:
Grace Wamwere

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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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