Welcome to Reichel Farm - a rare offering in Thurston County. This 145+ gross acre property spans several parcels and is zoned RRR 1/5 (one dwelling unit per five acres) with incredible development potential! The land features Mount Rainier views from most of the property and frontage on multiple public roads. Predominantly flat, well-drained pastureland and currently in agricultural classification for low taxes. A completed critical areas study identifies roughly 134 net acres available after wetland, stream, and prairie buffers, supporting a preliminary lot yield in the low-to-mid 20s. Five legal lots of record already exist across the six parcels, existing private well and septic infrastructure, and a neighboring large-lot plat proceeding on individual well/septic systems all provide useful precedent for underwriting. Full due diligence package - title commitment, critical areas reports, and parcel-level detail available on request. For multi-home and working farm use: The same 1-per-5-acre zoning that supports subdivision also supports multiple residences on the property without platting a single lot. The existing farmhouse and barn anchor a working farmstead, with room across the acreage for additional homesites, pasture for livestock, and space for hay or crop production. Whether the plan is a phased development or a large-scale private compound with multiple homes, this property offers the acreage, zoning, and utility infrastructure to make it possible!
Active
Listed by: Homestead Home Group • Catherine Larrow
$2,850,000
12306 Bald Hill Road SE, Yelm, WA 98597
3beds
3,608sqft
Single Family Residence
Built in 1901
145.06 Acres Lot
$2,649,100 Zestimate®
$790/sqft
$-- HOA
What's special
Pasture for livestockPredominantly flat well-drained pastureland
- --
- on Zillow
- 209
- views
- 12
- saves
Zillow last checked:
Listing updated:
Listed by:
Catherine Larrow,
Homestead Home Group,
Nathan Graham,
Homestead Home Group
Source: NWMLS as distributed by MLS GRID,MLS#: 2565412
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Utility room
- Level: Main
Heating
- Radiant, Electric
Cooling
- None
Appliances
- Included: Water Heater: electric, Water Heater Location: utility area
Features
- Flooring: Softwood
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 3,608
- Total interior livable area: 3,608 sqft
Property
Parking
- Total spaces: 16
- Parking features: Detached Carport, Driveway
- Has carport: Yes
- Covered spaces: 8
- Uncovered spaces: 8
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Water Heater
- Has view: Yes
- View description: Mountain(s), Territorial
Lot
- Size: 145.06 Acres
- Features: Paved, Value In Land, Barn, Fenced-Fully, Gated Entry
- Topography: Equestrian,Level,Partial Slope
- Residential vegetation: Brush, Pasture
Details
- Parcel number: 09910008000
- Zoning: RRR1/5
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 2 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Metal
Condition
- Year built: 1901
- Major remodel year: 1901
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: septic
- Water: Individual Well, Company: well
Community & HOA
Community
- Subdivision: Bald Hills
Location
- Region: Yelm
Financial & listing details
- Price per square foot: $790/sqft
- Tax assessed value: $232,690
- Annual tax amount: $1,763
- Date on market: 8/18/2026
- Listing terms: Conventional,See Remarks
Estimated market value
$2,649,100
$2.49M - $2.81M
$2,512/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Listed for sale | $2,850,000$790/sqft |
Source:  NWMLS as distributed by MLS GRID #2565412 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,807 +0.4% | $232,690 +2.4% |
| 2024 | $1,800 -21% | $227,260 +1.5% |
| 2023 | $2,279 +8.4% | $223,950 +5.3% |
| 2022 | $2,102 +10.1% | $212,650 +30.3% |
| 2021 | $1,909 +19.4% | $163,250 +38.6% |
| 2020 | $1,599 +55.5% | $117,760 +30% |
| 2019 | $1,029 -16.4% | $90,550 +8.5% |
| 2018 | $1,230 +26% | $83,480 +14.1% |
| 2017 | $976 | $73,170 +6.1% |
| 2016 | $976 | $68,970 +13.7% |
| 2014 | $976 | $60,670 |
| 2002 | -- | -- |
| 2001 | $964 -0.9% | $65,530 |
| 2000 | $973 | $65,530 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 98597
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