The Serenity House, a 95-year-old home for developmentally disabled adults in Lynwood Center, closed its doors this week and will likely be demolished once its sold.

Its 17 residents have moved on to care facilities and group homes around Kitsap County. Only two residents found new homes on Bainbridge Island. Serenity’s residents ranged in age from 21 to 94.

Serenity’s operator, the Low Income Housing Institute, announced last year that it was losing money and would have to pull out. The Kitsap County Consolidated Housing Authority, which owns the 3.4-acre property, could no longer afford to subsidize Serenity’s operating costs, which amounted to about $16,000 a month.

Seattle-based LIHI began assisting Serenity’s residents in finding homes last year.

Many of the Serenity’s half-dozen employees had worked at the facility for over a decade.

The property’s list price is $1.95 million.

The bulk of the sale’s proceeds will help KCCHA reimburse the state $1.5 million for its assistance in purchasing the property years ago. Remaining proceeds will go to KCCHA and LIHI for costs related to operating the facility.

KCCHA abandoned plans to redevelop the property with a new assisted-living homes.

Built as a public school in 1914, the 11,000-square-foot Serenity House had fallen into disrepair.

“It’s in pretty poor shape,” KCCHA interim executive director Debbie Braughton said. “It’ll probably have to come down.”

The building also served as a sanitarium and, for the last 40 years, a group home for developmentally disabled adults and others in need of full-time care.

Sitting on a hillside across the street from the Lynwood Theatre on Lynwood Center Road, the Serenity House boasts panoramic views of Rich Passage.

Online real estate advertisements note the property’s views and redevelopment potential. The property is zoned for six residential units and commercial use along the road, according to advertisements.