Investor alert!!! This is an incredible investment opportunity to own a nearly 3 acre property in a prime location, just a couple minutes from Highway 16. The existing home on the property is a blank slate! While the partially finished bottom floor features 2 bedrooms, 1 bathroom, a fireplace and a functioning kitchen, the top floor is unfinished and ready to be transformed into the home of your dreams! Water and electricity run to the home already. The property is a beautiful, park-like setting with plenty of space for whatever your needs may be. The property has an existing individual well and septic tank. The driveway is in good shape and is gated for security. There are several open spaces on the property providing endless opportunities. There are multiple existing outbuildings on the property that could be revamped and used as shop space or storage. 1 car carport detached from the main home for covered parking. Ample flat RV parking and boat parking spaces. The serene property is quiet and feels secluded yet has easy access to Highway 16 for commuters and quick access to local amenities.
Active
Listed by: Engel & Volkers Chambers Bay • Carson Stewart
$350,000
12990 Shady Glen Avenue SE, Olalla, WA 98359
2beds
2,280sqft
Single Family Residence
Built in 1984
2.91 Acres Lot
$347,900 Zestimate®
$154/sqft
$-- HOA
What's special
Functioning kitchenMultiple existing outbuildingsQuiet and feels secludedSerene propertyPartially finished bottom floorGated for securityBeautiful park-like setting
- 13 hours |
- 639 |
- 69 |
Zillow last checked:
Listing updated:
Offers reviewed: Aug 31
Listed by:
Carson Stewart,
Engel & Volkers Chambers Bay,
Cindy K Stewart,
Engel & Volkers Chambers Bay
Source: NWMLS as distributed by MLS GRID,MLS#: 2573163
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
Primary bedroom
- Level: Lower
Bedroom
- Level: Lower
Bathroom three quarter
- Level: Lower
Dining room
- Level: Lower
Entry hall
- Level: Lower
Kitchen with eating space
- Level: Lower
Living room
- Level: Lower
Utility room
- Level: Lower
Heating
- Fireplace, Wall Furnace, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Refrigerator, Stove(s)/Range(s), Dishwasher(s), Refrigerator(s), Water Heater: Electric, Water Heater Location: Utility Room
Features
- Dining Room
- Flooring: Concrete
- Windows: Dbl Pane/Storm Window
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Lower Level: 1, Fireplace
Interior area
- Total structure area: 2,280
- Total interior livable area: 2,280 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached Carport, Driveway, RV Parking
- Has carport: Yes
- Covered spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: Lower
- Patio & porch: Dbl Pane/Storm Window, Dining Room, Fireplace, Water Heater
Lot
- Size: 2.91 Acres
- Features: Cable TV, Outbuildings, RV Parking, Shop
- Topography: Partial Slope
- Residential vegetation: Garden Space
Details
- Parcel number: 06220210322002
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 2 Story
- Property subtype: Single Family Residence
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1984
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank
- Water: Individual Well
Community & HOA
Community
- Subdivision: Olalla
Location
- Region: Olalla
Financial & listing details
- Price per square foot: $154/sqft
- Tax assessed value: $325,800
- Annual tax amount: $449
- Offers reviewed: 08/31/2026
- Date on market: 8/23/2026
- Cumulative days on market: 2 days
- Listing terms: Rehab Loan
- Inclusions: Dishwasher(s), Refrigerator(s), Stove(s)/Range(s)
Estimated market value
$347,900
$292,000 - $400,000
$1,666/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Listed for sale | $350,000+1650%$154/sqft |
Source:  NWMLS as distributed by MLS GRID #2573163 Report a problem | ||
| 7/1/1981 | Sold | $20,000$9/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $392 +1% | $325,800 |
| 2024 | $388 +2.3% | $325,800 |
| 2023 | $380 +5.2% | $325,800 |
| 2022 | $361 -12.3% | $325,800 +24.7% |
| 2021 | $412 -4.9% | $261,180 +11.8% |
| 2020 | $433 -42.7% | $233,590 +17.8% |
| 2019 | $756 -13% | $198,300 +16.8% |
| 2018 | $869 | $169,850 |
| 2017 | $869 +0.3% | $169,850 +9.8% |
| 2016 | $866 +64.1% | $154,630 +1.4% |
| 2015 | $528 -72.1% | $152,430 +63.3% |
| 2014 | $1,895 +2.8% | $93,330 |
| 2013 | $1,843 +381.4% | $93,330 -12.2% |
| 2012 | $383 -68.5% | $106,240 -2.5% |
| 2011 | $1,214 +1% | $109,010 -5.7% |
| 2010 | $1,202 +4.1% | $115,630 -9.2% |
| 2009 | $1,155 -0.3% | $127,310 -3.9% |
| 2008 | $1,158 +13.6% | $132,540 +27.6% |
| 2007 | $1,020 +18.1% | $103,890 +46% |
| 2005 | $863 | $71,170 +8.9% |
| 2002 | -- | $65,370 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98359
Nearby schools
GreatSchools rating
- 8/10Olalla Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 8/10John Sedgwick Junior High SchoolGrades: 6-8Distance: 6 mi
- 7/10South Kitsap High SchoolGrades: 9-12Distance: 7.6 mi
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