Edgewater Estates

JLL, as an exclusive advisor, is pleased to present the opportunity to acquire Edgewater Estates (the "Property"), a 4.75-acre manufactured housing community situated in Blaine, Washington. The offering consists of one contiguous parcel with 47 total sites, currently 89% occupied. Nestled in the scenic coastal region of Washington State, Birch Bay is a thriving community that presents a unique investment opportunity in the manufactured housing market, combining serene surroundings with strong demand for affordable, quality living options.

This asset has shown consistent occupancy stability and year-over-year rent growth. Future developers have the opportunity to take advantage of the existing zoning that permits condo or residential developments. A for-sale condo product would likely attract weekend visitors, summer residents, second-home buyers, retirees, and Bellingham commuters seeking more affordable housing options with over 430 ft. of private beach frontage.