10407 Evergreen Valley Road SE, Olympia, WA 98513
What's special
Imagine waking to horses outside your window, stepping directly from home into the barn, and ending the day riding under the arena lights. Welcome to Keystone Ranch on nearly 16 private gated acres in Olympia's Evergreen Valley, where equestrian living is at the heart of the property. The rare attached 9-stall barn offers 5 covered paddocks, 2 uncovered paddocks, 2 enclosed stalls, oversized tack room, hot/cold wash rack, LED lighting and space for additional stalls. Breezeway, gates throughout and frost-free water make turnout and ranch life easy. Ride year-round in the 106' x 60' lighted arena, train in the 60' lighted round pen, enjoy cross-country jumps and 12 fenced/cross-fenced productive pastures with 3 loafing sheds. Approx. 2,324' of creek frontage and trails offer room to ride and explore. No HOA or CCRs. The warm cabin-inspired home features a loft-style primary, 2 additional bedrooms, office, bonus room, granite kitchen, newer Bosch appliances, new flooring, fresh exterior paint, mini-splits, new furnace/heat pump, dual tankless water heaters and metal roofs. Shop, detached garage, 3 covered parking structures, RV power and fenced dog area. Potential ADU/subdivision—buyer to verify. Keystone Ranch is more than acreage with a barn—it's where horses, home and everyday life come together.
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Keystone Ranch
A place where country living, wide-open spaces, and everyday simplicity come together.
A welcoming living room filled with natural light and scenic views.
Kitchen with scenic views of Keystone Ranch.
Expansive ranch views from the comfort of the back deck.
A spacious primary retreat filled with warmth and natural light.
Enjoy the convenience of a private ensuite bathroom and walk-in closet.
Comfortable bedroom, updated bathroom and spacious laundry room.
Generously sized lower-level bedroom with room to relax
Comfortable second living space with seamless access to the attached barn.
Direct access from the home to the attached barn with 9, 12'x12' stalls..
Oversized 12'x24' tack room and five covered paddocks with direct access to the pastures designed for everyday horse care.
106' x 60' lighted arena and 60' round pen
Twelve thoughtfully designed pastures offering exceptional functionality and flexibility.
Additional outbuildings offer flexible storage for equipment and ranch needs.
Zillow last checked:
Listing updated:
Amy Plott,
Keller Williams South Sound
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Second
Other
- Level: Lower
Den office
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Living room
- Level: Lower
Utility room
- Level: Lower
Heating
- Fireplace, Ductless, Heat Pump, Stove/Free Standing, Electric, Propane
Cooling
- Ductless, Heat Pump
Appliances
- Included: Dishwasher, Disposal, Double Oven, Dryer, Microwave, Refrigerator, See Remarks, Stove(s)/Range(s), Tankless Water Heater, Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s), Water Heater: Tankless (2), Water Heater Location: Laundry & Exterior
Features
- Bath Off Primary, Ceiling Fan(s), Loft
- Flooring: Engineered Hardwood, Hardwood, Carpet
- Windows: Dbl Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: See Remarks, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,460
- Total interior livable area: 2,460 sqft
Video & virtual tour
Property
Parking
- Total spaces: 12
- Parking features: Detached Carport, Driveway, Detached Garage, RV Parking
- Has garage: Yes
- Has carport: Yes
- Covered spaces: 12
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Fireplace, Loft, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
- Has view: Yes
- View description: Territorial
- Waterfront features: Creek
- Frontage length: Waterfront Ft: 2324' +/-
Lot
- Size: 15.96 Acres
- Features: Secluded, Arena-Outdoor, Barn, Deck, Dog Run, Fenced-Fully, Gated Entry, Outbuildings, Propane, RV Parking, Shop, Stable
- Topography: Equestrian,Level
- Residential vegetation: Fruit Trees, Garden Space, Pasture
Details
- Parcel number: 09350003000
- Zoning: MGSA-Ag
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 2 Story
- Property subtype: Single Family Residence
Materials
- Wood Products
- Foundation: Poured Concrete, Slab
- Roof: Metal
Condition
- Year built: 1980
- Major remodel year: 1991
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Septic Tank, Company: Septic
- Water: Individual Well, Company: Individual Well
- Utilities for property: Dish Network, Centurylink
Community & HOA
Community
- Subdivision: Olympia
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $567/sqft
- Tax assessed value: $778,450
- Annual tax amount: $5,578
- Date on market: 7/30/2026
- Listing terms: Conventional,Farm Home Loan,VA Loan
- Inclusions: Dishwasher(s), Double Oven, Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), See Remarks, Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2026 | Price change | $1,395,000-6.7%$567/sqft |
Source:  NWMLS as distributed by MLS GRID #2556887 Report a problem | ||
| 8/17/2026 | Price change | $1,495,000-6.3%$608/sqft |
Source: NWMLS as distributed by MLS GRID #2556887 Report a problem | ||
| 7/30/2026 | Listed for sale | $1,595,500+112.8%$649/sqft |
Source: NWMLS as distributed by MLS GRID #2556887 Report a problem | ||
| 10/30/2020 | Sold | $749,900+142.3%$305/sqft |
Source: NWMLS as distributed by MLS GRID #1670190 Report a problem | ||
| 5/14/1999 | Sold | $309,500$126/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,578 +3.3% | $778,450 +6.3% |
| 2024 | $5,401 -17.3% | $732,400 +7.8% |
| 2023 | $6,530 +4.9% | $679,500 -0.3% |
| 2022 | $6,224 +30.7% | $681,600 +55.5% |
| 2021 | $4,761 +5% | $438,400 +22.3% |
| 2020 | $4,536 +30.5% | $358,600 +6.1% |
| 2019 | $3,475 -14.1% | $337,900 +4.8% |
| 2018 | $4,048 +11.7% | $322,490 +18% |
| 2017 | $3,624 | $273,250 +6.1% |
| 2016 | $3,624 | $257,550 -0.6% |
| 2014 | $3,624 | $259,190 |
| 2002 | -- | -- |
| 2001 | $1,348 -2% | $89,540 |
| 2000 | $1,376 | $89,540 |
Find assessor info on the county website
Monthly payment
Estimated market value
$1,332,300
$1.27M - $1.40M
$2,845/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.