GREAT DOWNTOWN OPERATING INN and RESTAURANT.. Incredible opportunity to own and operate a fine dining restaurant w/ a 3 room boutique hotel with separate detached 1 bedroom cottage in historic Coupeville. Inn at Penn Cove has 2 second level furnished rooms w/private baths, 1 furnished patio deck room with bath, and detached furnished 1 bedroom cottage with kitchen and bath. Operate restaurant, live in cottage, rent out 3 guest rooms for additional income. Property needs some tender loving care. Buyer to confirm w/City Planner and other municipals for potential to create binding condominium site plan for Historic Inn and Historic Doctor's cottage - a potential to create two separate sellable properties. SELLER WILL CONSIDER OWNER FINANCING!
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LAST UPDATED
|
8/3/2025
|
NEIGHBORHOOD
|
Coupeville
|
|
YEAR BUILT
|
1889
|
COMMUNITY
|
Coupeville
|
|
COUNTY
|
Island
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Single Family
|
|
|
| Elementary School |
Buyer To Verify |
| Jr. High School |
Buyer To Verify |
| High School |
Buyer To Verify |
|
Prior to Jun 22, '25
|
$985,000
|
|
Jun 22, '25 - Aug 3, '25 |
$850,000
|
| Aug 3, '25 - Today |
$825,000 |
| AIR |
None |
| APPLIANCES |
Dishwasher, Microwave, Refrigerator, Water Heater |
| AREA |
812 - Central Whidbey Island |
| BASEMENT |
None |
| CONSTRUCTION |
Wood Siding |
| HEAT |
Electric |
| INTERIOR |
Dining Room, Water Heater |
| LOT |
6098 sq ft |
| LOT DESCRIPTION |
Corner Lot |
| LOT DIMENSIONS |
50'x128' |
| MLS STATUS |
Active |
| PARKING |
None |
| STORIES |
2 |
| STYLE |
12 - 2 Story |
| SUBDIVISION |
Coupeville |
| TAXES |
6265 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/11/25 3:24 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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