Brian Wilson - 360.689.2466 | Jana Salmans - 360.509.9684

Miller Bay Estates

[Not a valid template]
Photos by Brian Wilson © 2010 & 2011

Miller Bay Estates is a neighborhood community East of Poulsbo comprised of 383 homes (as of 11/11/2011), though it is actually much closer to Indianola than Poulsbo. Most people in the area consider it a de facto part of Poulsbo, and because it does have a Poulsbo address, I’m including it in our Poulsbo neighborhood sections. The average year built for a home in Miller Bay Estates is 1988 and the Median Year built is 1990. About 73% of the homes here are 1-story ramblers (some with basements) and about 25% of the homes are Split-Foyer floor plans. The remainder are 1 1/2 story 2 story or multi-level.
The community has some nice amenities and the Home Owner Dues are quite nominal considering the benefits. There are several community parcels, a community park, swimming pool (open in the Summer), club house and they also have beach property on Miller Bay.

There are CCR’s for the community but they are reasonable and a unique aspect to the rules, is that a couple of subdivisions within Miller Bay Estates allows Manufactured Homes. There is no sewer infrastructure, so all homes here have Septic Systems but they all have PUD Water.

Here are some recent photos of the community & neighborhood including the community center, playground and community pool.

Following is a table showing the average and median living area and gross area for homes in Miller Bay Estates. The Gross area includes spaces such as garages, unfinished basements etc.

Home Sizes (Sq. Ft.)
Living Area (Avg.)1415 Sq. Ft.
Living Area (Median)1400 Sq. Ft.
Gross Area (Avg.)1749 Sq. Ft.
Gross Area (Median)1686 Sq. Ft.

Following is a table showing home values in Miller Bay Estates. We have included the average and median tax assessed valuations for 2011 and also the average and median Auto Valuation Model prices.

Home Values*
Tax Assessed Value (Avg.)$168,622
Tax Assessed Value (Median)$173,760
Auto Valuation Model (Avg.)$203,406
Auto Valuation Model (Median)$196,872

*It’s important to note that while both the Tax Assessed Valuations and the Auto Valuation Models can be instructive about home values, these numbers may not be keeping pace in real time with what is actually occurring in the market at any given time. The AVM, values are calculated more recently than the Tax Assessed Values, but they are based largely upon a statistical sample and do not reflect special individual home features, upgrades or undocumented unique characteristics. The true market value is dependent primarily upon the recent most comparable sales, and then appropriate adjustments made. The best way to obtain the current value of your home without paying for a full appraisal is to contact your Real Estate Broker and ask for a current CMA. If you don’t have a Broker you prefer, or one are currently working with, my partner Jana Salmans or myself would be very happy to assist you. Just give us a call or e-mail us, our contact information can be found at the top main menu and we will be happy to assist you.
Real Estate & Home Sales in Miller Bay Estates for 2010.
In 2010 there were 16 homes Sold in Miller Bay Estates. The average selling price was $179,073 and the median selling price was $181,613. The average Sq.Ft. for a home sold in this neighborhood in 2010 was 1342 Sq.Ft. and the Average Days on Market was 65.

The following table lists each home sold in the Miller Bay Estates area of Poulsbo in 2010:

Date of SaleAddressSqFt./Bdrm/BathStylePrice
1/21/201022235 Seavista NE1036/3/11-sty$195,000
2/17/201022195 Wavecrest Ave1071/3/1.751-sty$193,000
3/31/201022545 Sunridge Wy. N.1562/3/1.75$226,500
4/8/20108120 NE Seawind Ave1208/3/1.5 1-sty$189,000
4/16/201022526 NE Sunlight Pl1152/2/2Dbl-Wide$129,000
4/19/201022180 Sunridge Wy NE960/2/1.75Dbl-Wide$139,000
4/19/201022230 Seavista NE1417/3/2 1-sty$202,000
5/6/201022455 Miller Ln. NE1718/3/2.5 2-sty$217,000
5/24/201022100 Apollo Dr. NE676/2/1 1.5-sty$140,000
6/14/20108105 Beachwood Ave1152/3/1.75Dbl-Wide$65,000*
6/17/20107910 Beachwood Ave2105/4/2 1-sty$234,000 ‡
8/18/201022395 Wavecrest Ave1048/3/1.5 1-sty$169,000
10/21/201021840 Wavecrest Ave2336/3/3.25 2-sty$281,937 ‡
10/25/201022065 Sea Vista Dr. NE1434/3/1.75 1-sty$174,226 ‡
11/29/201022000 Wavecrest Ave1139/3/1.751-sty$172,500
12/20/20107555 Beachwood Ave 1456/2/2Split-lvl $133,000*

7910 Beachwood Ave & 22065 Sea Vista were Listed & Marketed by Jana & Brian
21840 Wavecrest Ave NE was Sold by Jana & Brian
* These were “distressed properties” being bank owned foreclosures
The average size for the 14 homes Sold in the Miller Bay Estates area of Poulsbo during 2011 was 1392 Sq.Ft.
Here are the updated Sales & Pricing details for the Real Estate Sold in 2011: The average Selling price during 2011 YTD was $163,256 and the Median Selling Price was $174,000. This data shows that prices for homes Sold here are about the same as they were in 2010!

Following is a detail report for all of the homes sold in 2011:

Date of SaleAddressSqFt./Bdrm/BathStylePrice
2/17/20117837 NE Harbor View Pl.2152/3/31-sty$250,000
2/24/20118245 NE Beachwood1004/3/11-sty$167,000
3/3/20117612 Sandy Wy.1054/3/2.52-sty$245,000
5/6/20117555 Beachwood Ave1456/3/1.75Split-Lvl$208,750
6/14/201122030 Apollo Dr. NE1020/3/1.51-sty$118,000*
6/16/20118240 NE Seawind Ave1020/3/1.51-sty$142,000 * ‡
7/01/201122469 Miller Ln. NE1154/3/1.52-sty$179,900
9/14/20117521 Beachwood Ct.1800/3/1.751-sty$176,000
10/17/201122300 Sunridge Wy NE1008/3/11-sty$140,050*
10/20/201122319 Martin Pl. NE1410/3/1.751-sty$182,000
10/20/20117719 NE Beachwood1528/3/1.752-sty$213,500
10/26/201122315 Sunridge Wy. NE1400/3/2Dbl-Wide$50,429*
11/17/201122270 Seavista Dr NE1111/3/1.751-sty$172,000
12/19/201122481 Sunridge Wy NE1764/3/2Dbl-Wide$40,960*

* These are “Distressed properties”, being Bank Owned foreclosures.
Listed & Marketed by Jana & Brian

Here are details about the 8 homes Sold in Miller Bay Estates for 2012 (through 10-7-2012):

Date of SaleAddressSqFt./Bdrm/BathStylePrice
1/11/20127773 NE Harbor View Dr1426/3/2Split$182,500
2/2/201222516 NE Sunlight Pl1560/3/21-sty$199,500
3/14/201222463 Miller Ln NE1204/3/11-sty$159,000
4/23/20127678 Lees Dr NE860/2/11-sty$83,100*
5/3/20127761 NE Harbor View Dr1338/3/1.52-sty$175,000
8/13/20127693 Beachwood Ave NE1552/3/2.52-sty$129,950*
8/15/201222225 NE Wavecrest Ave NE1048/3/1.51-sty$155,000
9/13/201222181 Wave Crest Ave NE1603/3/2.5Split$197,933§

* These are “Distressed properties”, being Bank Owned foreclosures.

§ This is also a “Distressed property”, specifically a Short Sale.

Here’s a map of the community:

View Miller Bay Estates in a larger map

Here is a map showing the outline locating the boundaries of the Miller Bay Estates subdivsions & showing all of the 66 Vacant Lots in Miller Bay Estates including those owned by the Miller Bay Yacht & Beach Club (HOA) and the PUD and Kitsap County Works Lots.

Please be aware that these lots are all currently owned and may or may not be available for sale. I am not advertising or promoting them in any way. This is just the current status of un-built lots within the Miller Bay Estates Subdivisions as of 11-23-2011. It should also be noted that some of these lots may be challenging to develop due to topography, soils, or other potential issues:

View Miller Bay Estates Vacl in a larger map

Map overlays for vacant lots and common area by Brian Wilson 2011

Jana Salmans, Managing Broker &
Brian Wilson, Broker
19723 10th Ave NE; Suite 200::Poulsbo, WA 98370