Breathtaking views & development potential on an oversized lot perched atop coveted Alabama Hill neighborhood. Property offers STUNNING views of Bellingham Bay, city & Lake Whatcom. This 2,334+/- sf home features main floor living & daylight basement w/separate entrance and parking offering an excellent ADU potential. Property is located close to Bloedel, boat launch, walking trails & Barkley Village. Envision custom renovation by adding a third story to enhance sunrise & sunset vistas. Recent analysis by AVT Consulting outlines potential to keep the existing home & add up to 7 units with cluster bonus. Explore renovation or subdivision possibilities. Buyer to verify. Seller financing offered below market interest rate on a 3 year balloon.