Liberty Bay Waterfront Development Opportunity – Residential & Commercial Potential. With an existing commercial income producing property and residential home this opportunity offers flexibility to develop 1, 2 or 3 parcels or develop over time. This prime waterfront development opportunity on Poulsbo’s scenic Liberty Bay offers a rare chance to create a premier residential community with potential commercial elements. The expansive property provides stunning views, direct water access, and a serene Pacific Northwest setting, making it ideal for luxury homes, townhouses, or a mixed-use neighborhood. Strategically located near Poulsbo’s charming downtown, the site allows for easy access to shopping, dining, and local amenities while maintaining a private, natural feel. With zoning flexibil