Welcome to Reichel Farm - A rare working cattle operation in Thurston County: 145.06 gross acres, fully fenced, with prime pasture and strong hay potential. The property is anchored by a massive barn and outbuildings, an existing farmhouse, and a private well and septic system already in place. Predominantly flat, well-drained, and currently held under agricultural tax classification, with Mount Rainier views from most of the acreage and frontage on multiple public roads. For farmers and compound-living buyers: Zoned RRR 1/5 (one dwelling unit per five acres), the property supports multiple residences across the acreage without any subdivision required, ideal for buyers looking to move several households onto the same property. The existing farmhouse and barn provide a ready-made operational base, with room to build additional homes, expand grazing or hay ground, and keep the whole operation under one deed. Fencing, water, and septic infrastructure already support the working farm as-is.Development potential: The same acreage also carries development upside. A completed critical areas study identifies roughly 134 net acres available after wetland, stream, and prairie buffers, with a preliminary yield in the low-to-mid 20s in lots. Full due diligence materials available on request for buyers who want to evaluate that path alongside continued agricultural use.
Active
Listed by: Homestead Home Group • Catherine Larrow
$2,850,000
12306 Bald Hill Rd SE, Yelm, WA 98597
--beds
--baths
3,608sqft
Single Family Residence, Ranch
Built in 1901
145.06 Acres Lot
$-- Zestimate®
$790/sqft
$-- HOA
What's special
Existing farmhouseMassive barn and outbuildings
- --
- on Zillow
- 156
- views
- 11
- 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#: 2565417
Facts & features
Interior
Heating
- Radiant, Geothermal
Cooling
- None
Appliances
- Included: See Remarks
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 3,608
- Total interior livable area: 3,608 sqft
Property
Parking
- Total spaces: 16
- Covered spaces: 8
- Uncovered spaces: 8
Features
- Levels: Two
- Stories: 2
- Fencing: Perimeter
Lot
- Size: 145.06 Acres
- Features: Paved
- Topography: Level,Partial Slope
Details
- Additional structures: Storage, Workshop, Barn Features: Multiple Storage, Barn Type: Hay
- Parcel number: 09910006000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,2 Story
- Property subtype: Single Family Residence, Ranch
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Metal
Condition
- Year built: 1901
- Major remodel year: 1901
Utilities & green energy
- Sewer: Septic Tank
Community & HOA
Community
- Subdivision: Bald Hills
Location
- Region: Yelm
Financial & listing details
- Price per square foot: $790/sqft
- Tax assessed value: $23,600
- Annual tax amount: $1,763
- Date on market: 8/18/2026
- Listing terms: Conventional,Farm Home Loan,See Remarks
- Inclusions: Cattle, See Remarks
- Lease term: Month-to-Month
Estimated market value
Not available
Estimated sales range
Not available
$1,939/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Listed for sale | $2,850,000+3702.5%$790/sqft |
Source: | ||
| 3/4/2021 | Listing removed | -- |
Source: | ||
| 2/22/2021 | Listed for sale | $74,950$21/sqft |
Source: RE/MAX Northwest Realtors #1733131 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $199 +10.9% | $23,600 +15.7% |
| 2024 | $180 -39% | $20,400 -26.4% |
| 2023 | $295 +43.5% | $27,700 +46.6% |
| 2022 | $205 +15.1% | $18,900 +39% |
| 2021 | $178 -20.9% | $13,600 -16% |
| 2020 | $225 +49% | $16,200 +36.1% |
| 2019 | $151 -2.7% | $11,900 |
| 2018 | $156 +4.7% | $11,900 +22.1% |
| 2017 | $149 | $9,750 +8.3% |
| 2016 | $149 | $9,000 |
| 2014 | $149 -19.2% | $9,000 |
| 2007 | $184 -18.4% | -- |
| 2006 | $226 | -- |
| 2005 | -- | -- |
| 2002 | -- | -- |
| 2001 | $189 -1.1% | $11,800 |
| 2000 | $191 | $11,800 |
Find assessor info on the county website
Monthly payment
Est. payment






