why is land so cheap on anderson island
If you’ve been browsing real estate listings in western Washington, you might have noticed a pattern: land on Anderson Island is surprisingly inexpensive. Many curious buyers wonder—why is land so cheap on Anderson Island? To get a clear answer, let’s break down the main factors.
Location and Accessibility
Anderson Island sits in southern Puget Sound, only about a 20-minute ferry ride from Steilacoom. But that ferry runs on a fixed, somewhat limited schedule, especially compared to nearby cities with bridges or faster connections. Dependence on the ferry means planners and regular commuters face logistical hurdles every day. For some, the isolation is part of the appeal. For others, it’s a barrier. Property values generally reflect this—land that’s harder to access tends to be more affordable.
Limited Development
The island is mostly residential, with a mix of full- and part-time homeowners. Commercial infrastructure is minimal. There are a couple of general stores, a cafe, and a gas station. Essential services like hospitals, big-box stores, and job centers require a trip to the mainland. Utilities can also be less reliable, and undeveloped land might need costly preparations (septic systems, well drilling, power connections). All of this keeps both demand and prices in check.
Growth and Zoning Restrictions
Much of Anderson Island was subdivided decades ago in anticipation of large-scale development that never happened. As a result, there’s a surplus of vacant lots. Zoning and land use regulations still limit what can be built in certain areas, further dampening speculative buying. With so much available and not much pressure to build quickly, sellers tend to lower prices to attract interest.
Seasonal Variation
A good number of lots are owned by people who intended to build vacation homes but never followed through. Some buyers view island lots as long-term investments or affordable escapes, but the market often slows outside peak summer months. This low year-round demand also helps explain the cheap prices.
Pros and Cons of Buying Land Here
Pros
- Affordability: Few places in the Puget Sound region offer such low land prices.
- Natural beauty: The island is lush, quiet, and has waterfront views.
- Community: A slow pace and a friendly, close-knit feel appeal to some buyers.
Cons
- Access: Ferry dependence can be inconvenient or limit your plans in emergencies.
- Utilities: Preparing land for building may take extra time and money.
- Resale: Selling later may take longer, as demand is driven by buyers attracted to remote living.
Practical Tips
If you’re considering buying on Anderson Island, visit more than once—take the ferry at different times and talk to residents. Factor in ongoing ferry costs and building expenses. Double-check zoning and whether utilities reach your lot. Avoid assumptions—what’s true for mainland building may not apply.
In Summary
So, why is land so cheap on Anderson Island? The answer is a mix of access challenges, limited services, surplus supply, and slow demand. If you value seclusion, affordability, and don’t mind putting in extra effort, the island may be a fit. For buyers expecting brisk growth or easy city access, it’s smart to weigh the compromises before making a decision.
