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  • Listed by: John L. Scott Lacey • Jake DeAtley
    $2,350,000

    16643 Canal Road SE, Yelm, WA 98597

    --beds
    --baths
    8.74Acres
    Unimproved Land
    Built in ----
    8.74 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Relatively flat
    Exceptional residential development opportunity within the City of Yelm. This ±8.74-acre property is zoned R-6 Medium Density Residential and offers excellent potential for a thoughtfully designed single-family subdivision. A professional conceptual site plan prepared by Patrick Harron & Associates demonstrates the feasibility of approximately 49 residential lots, providing developers with a potential layout. City allows for 20% density bonus under certain conditions. The property is currently vacant, undeveloped, and relatively flat, allowing for minimal land prep required. Conveniently located near existing residential growth, schools, parks/trails, shopping, and major commuter routes, the site is well positioned to meet continued housing demand in one of Thurston County's fastest-growing communities. Water and sewer infrastructure are available at the street (buyer to verify capacity and connection requirements). Annexation and zoning work have already been completed, allowing developers to focus on advancing project approvals. Conceptual site plan, supporting development information, and additional due diligence materials are available. Buyer to verify all development potential, density, utility capacity, permitting requirements, and intended use to their satisfaction.
    15 days
    |
    69
    |
    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jake DeAtley,

    John L. Scott Lacey

    Source: NWMLS as distributed by MLS GRID,MLS#: 2549015MLS Logo

      Facts & features

      Interior

      Features
      • Has fireplace: No
      Interior area
      • Total structure area: 0

      Property

      Lot
      • Size: 8.74 Acres
      • Features: Corner Lot, Open Lot, Paved, Brush
      • Topography: Level,See Remarks
      • Residential vegetation: See Remarks
      Details
      • Parcel number: 64300700100
      • Zoning: R-6
      • Zoning description: Residential,Jurisdiction: City
      • Special conditions: Standard

      Utilities & green energy

      • Electric: In Street
      • Gas: Not Available
      • Sewer: In Street
      • Water: In Street, Jurisdiction: City of Yelm
      • Utilities for property: Electricity Available

      Community & HOA

      Community
      • Subdivision: Yelm
      Location
      • Region: Yelm

      Financial & listing details

      • Annual tax amount: $2,703
      • Date on market: 7/5/2026
      • Cumulative days on market: 17 days
      • Listing terms: See Remarks
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/6/2026Listed for sale$2,350,000
        Source: NWMLS as distributed by MLS GRID #2549015 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 98597

        Getting around

        5 / 100
        Car-Dependent
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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