Overview
Lagoon Point is an established waterfront and boating community on the western side of Central Whidbey Island. Properties use a Greenbank, Washington, mailing address and are located in unincorporated Island County.
The neighborhood is especially distinctive because it includes a man-made canal system connected to Admiralty Inlet. Certain waterfront homes have direct canal frontage and private docks, while other properties occupy elevated hillsides, wooded interior parcels, or locations near Lagoon Lake.
Lagoon Point real estate includes canal-front homes, Admiralty Inlet waterfront residences, bluff-top properties, water-view homes, older beach cottages, updated single-family residences, and undeveloped land. Views may include Admiralty Inlet, the Olympic Mountains, passing ships, marine wildlife, and coastal sunsets.
Lagoon Point is an organized community with recorded divisions, covenants, common properties, and an active Lagoon Point Community Association. The Lagoon Point Water District is a separate organization responsible for community water service within its designated area.
Community Character
Lagoon Point combines an established residential neighborhood with a strong boating and waterfront identity.
Community characteristics include:
Lagoon Point should not be treated as entirely uniform. Properties within different recorded divisions may be subject to different covenants, waterway charges, architectural requirements, access rights, and maintenance responsibilities.
Geographic Setting
Lagoon Point is located along the western shoreline of Whidbey Island, south of Greenbank’s central commercial area and north of Bush Point. The neighborhood fronts Admiralty Inlet and includes canals created from a former salt-marsh lagoon.
The community’s west-facing location can provide views of:
Elevated properties may have broad water and mountain views, while canal-front homes offer a closer relationship with boating activity. Views and water access should always be evaluated at the individual property.
Learn more about Central Whidbey Island living in the Lapis Homes Greenbank neighborhood guide.
Nearby Destinations
Transportation Access
Lagoon Point is reached from State Route 525 by Smugglers Cove Road and local neighborhood streets. Most errands require a vehicle.
Transportation considerations may include:
Lagoon Point is centrally located between the Clinton ferry and Coupeville, but it is not immediately adjacent to either. Buyers should test regular driving routes to employment, schools, healthcare, shopping, and ferry service.
Lagoon Point’s canals, shoreline, lake, bluffs, and low-lying parcels create several environmental and maintenance considerations.
Depending on the property, these may include:
A canal-front home may have different risks and responsibilities from an elevated view property. Buyers should review flood information, elevation, insurance, drainage, shoreline structures, and association records for the specific parcel.
Work involving docks, floats, bulkheads, dredging, shoreline stabilization, or other structures near the water may require association approval and government permits.
Lagoon Point Community Association
The Lagoon Point Community Association was created to manage and maintain common properties associated with the development. The association identifies approximately 443 member properties and maintains several community features.
Association-owned or managed property includes:
Access may require association-issued tags, parking credentials, or electronic gate cards. Use is subject to current rules and eligibility.
The Lagoon Point Water District is separate from the community association. Buyers should not assume that association dues include water service.
Association Dues and Waterway Charges
For the 2026–2027 fiscal year, the Lagoon Point Community Association lists annual dues of $365 for all lot owners. It also lists a $305 annual waterway-fund charge and a $40 annual operating fee for properties in Divisions 2, 3, and 4.
These figures may change in future budget years. Buyers should obtain the current resale information, budget, financial statements, meeting minutes, assessments, and property-specific account status before purchasing.
Boating and Water Recreation
Lagoon Point provides unusual boating opportunities for Whidbey Island real estate. Depending on the property and membership rights, recreation may include:
Canal depth, tides, currents, bridge clearance, vessel size, launch access, and waterway-maintenance conditions should be investigated before purchasing specifically for boating.
Not every Lagoon Point home has a private dock or direct canal access. Association boat-launch rights and private dock ownership are separate features.
Community Beaches
Lagoon Point includes association-owned beach areas and nearby county beach-access parcels. Use rights, parking, permitted activities, and access routes vary.
Buyers should confirm:
For additional information, read the Lapis Homes guide to tide rights and waterfront property in Washington.
Canal-Front Homes
Canal-front properties are among Lagoon Point’s most distinctive housing options. Certain homes include private docks or moorage immediately behind the residence.
A canal-front buyer should investigate:
A dock’s physical presence does not automatically establish that it is permitted, transferable, or suitable for a buyer’s intended vessel.
Bluff and Water-View Homes
Elevated Lagoon Point properties may offer expansive views of Admiralty Inlet and the Olympic Mountains.
Potential considerations include:
A water view does not necessarily include private beach rights, tidelands, or moorage.
Additional Home Types
Lagoon Point housing may also include:
Recorded covenants include architectural and use restrictions. The association currently identifies a 19-foot building-height restriction and requires architectural review for applicable construction plans. Buyers should confirm how current rules apply to the specific property before planning construction or an addition.
Utilities and Infrastructure
Property utilities may include:
Buyers should verify water availability, current charges, septic capacity, internet service, propane-tank ownership, road obligations, and association assessments.
Lifestyle and Ownership Considerations
Lagoon Point may appeal to buyers who value:
Practical considerations include association dues, waterway charges, water-district fees, septic maintenance, coastal weather, dock upkeep, boating limitations, flood exposure, and travel time to services.
Schools
Lagoon Point is generally associated with the Coupeville School District. Nearby public schools may include:
School assignments, transportation routes, enrollment policies, and programs should be confirmed for the individual address.
Cost of Ownership
Purchase prices and ongoing expenses may be influenced by:
Every property is unique, and buyers should carefully review all information that may affect its use, condition, value, and ownership costs. Depending on the property, this may include flood risk, insurance requirements, evacuation routes, zoning, land-use classifications, utilities, septic records, wells, access, drainage assessments, surveys, leases, and permits for homes, additions, or outbuildings. Buyers should complete appropriate due diligence and consult qualified professionals when needed.
Lapis Homes | Anacortes, WA Real Estate Agents | Home Search
Sellers can help create a smoother transaction by gathering relevant property records before listing. These may include surveys, well and septic documents, flood and elevation information, drainage assessments, utility records, leases, land-use documents, and permits for homes, additions, or outbuildings. Providing accurate and organized information can help buyers make informed decisions and may reduce delays during the transaction.
Home Valuation | Lapis Homes | Anacortes, WA Real Estate Agents
Working with an experienced real estate agent is important when navigating property-specific details. The Lapis Homes team includes a local real estate professional with more than 20 years of experience helping buyers and sellers identify important questions, understand the process, and move forward with greater confidence.
For knowledgeable local real estate guidance, contact Lapis Homes at (360) 997-1042 or [email protected].
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by the 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.
