NEW PRICE! The One you have been waiting for! Seize this rare opportunity to own 100' of medium bank Eld Inlet waterfront with concrete bulkhead near Griffin School. This fully remodeled 4 bedroom + office, 4 bathroom waterfront estate is ideal for multi-generational living. The main floor features finished in place hardwoods throughout, a gourmet kitchen with gas range, butler's pantry and sweeping views of Eld Inlet. The main floor master suite provides a tranquil spot to escape the world-- your own spa-like bathroom, sitting area and private deck for morning coffee. Enjoy 2 more bedrooms on the main floor + 2 guest baths. Curbless showers and extra-wide hallways can accommodate guests of all mobility ranges! Downstairs is a fully self contained apartment with own washer/dryer. Outdoor kitchen ready for waterfront BBQs with pizza oven, full-size grill, gas burners, refrigerator and TV. Just minutes to Hwy 101. Park your boat in the detached 3 car garage with bonus room above. Garage pre-plumbed for bathroom. Award winning K-8 Griffin School. RV & boat parking. Ample parking pad for 12+ cars doubles as pickleball court with flush-mounted net holders in ground! 10 minutes to Olympia's Westside amenities. Your best summers are ahead at Madrona Beach!
Active
Listed by: Van Dorm Realty, Inc
Price cut: $100K (6/22)
$1,595,000
3440 Madrona Beach Road NW, Olympia, WA 98502
6beds
3,127sqft
Single Family Residence
Built in 1965
0.64 Acres Lot
$1,615,000 Zestimate®
$510/sqft
$-- HOA
What's special
Rv and boat parkingExtra-wide hallwaysMain floor master suiteSpa-like bathroomCurbless showers
- 24 days |
- 1,767 |
- 77 |
Zillow last checked:
Listing updated:
Listed by:
Allison Savin,
Van Dorm Realty, Inc
Source: NWMLS as distributed by MLS GRID,MLS#: 2531334
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 2
- 3/4 bathrooms: 3
- Main level bathrooms: 3
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Lower
Bathroom three quarter
- Level: Main
Bathroom three quarter
- Level: Main
Other
- Level: Lower
Bonus room
- Level: Lower
Den office
- Level: Lower
Dining room
- Level: Main
Entry hall
- Level: Main
Great room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Rec room
- Level: Garage
Utility room
- Level: Main
Heating
- Fireplace, Ductless, Wall Furnace, Electric, Propane
Cooling
- Ductless
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, See Remarks, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s), Water Heater: electric, Water Heater Location: downstairs storage room
Features
- Bath Off Primary, Ceiling Fan(s), Dining Room
- Flooring: Ceramic Tile, Hardwood, Carpet
- Windows: Dbl Pane/Storm Window
- Basement: Finished
- Number of fireplaces: 2
- Fireplace features: Gas, Lower Level: 1, Main Level: 1, Fireplace
Interior area
- Total structure area: 3,127
- Total interior livable area: 3,127 sqft
Video & virtual tour
Property
Parking
- Total spaces: 15
- Parking features: Driveway, RV Parking
- Covered spaces: 3
- Uncovered spaces: 12
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Second Kitchen, Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Walk-In Closet(s), Water Heater, Wine/Beverage Refrigerator
- Has view: Yes
- View description: Bay, Sound
- Has water view: Yes
- Water view: Bay,Sound
- Waterfront features: Medium Bank, Sound
- Frontage length: Waterfront Ft: 101
Lot
- Size: 0.64 Acres
- Features: Dead End Street, Paved, Cable TV, Electric Car Charging, High Speed Internet, Outbuildings, Patio, Propane, RV Parking, Sprinkler System
- Topography: Level,Sloped
Details
- Additional structures: ADU Beds: 2, ADU Baths: 1
- Parcel number: 60305100000
- Zoning description: Jurisdiction: County
- Special conditions: Standard
- Other equipment: Leased Equipment: propane tank
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1965
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Septic Tank, Company: Septic
- Water: Individual Well, Company: Individual Well
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Subdivision: Madrona Beach
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $510/sqft
- Tax assessed value: $1,389,300
- Annual tax amount: $10,914
- Date on market: 5/28/2026
- Cumulative days on market: 26 days
- Listing terms: Conventional,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Leased Equipment, Microwave(s), Refrigerator(s), See Remarks, Stove(s)/Range(s), Washer(s)
Estimated market value
$1,615,000
$1.53M - $1.70M
$4,526/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Price change | $1,595,000-5.9%$510/sqft |
Source:  NWMLS as distributed by MLS GRID #2531334 Report a problem | ||
| 5/30/2026 | Listed for sale | $1,695,000+208.2%$542/sqft |
Source: NWMLS as distributed by MLS GRID #2531334 Report a problem | ||
| 7/25/2022 | Sold | $550,000$176/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,824 +8.2% | $1,389,300 +5.2% |
| 2023 | $10,004 -0.4% | $1,320,900 +1.6% |
| 2022 | $10,045 +25.5% | $1,299,600 +45.9% |
| 2021 | $8,005 +22% | $890,900 +27.1% |
| 2020 | $6,563 +10.1% | $701,100 +11.4% |
| 2019 | $5,963 -10.9% | $629,100 +11.8% |
| 2018 | $6,689 +6.2% | $562,500 -0.4% |
| 2017 | $6,298 | $564,550 +0.9% |
| 2016 | $6,298 | $559,300 +4.6% |
| 2014 | $6,298 | $534,750 +10.4% |
| 2013 | -- | $484,250 |
| 2012 | $6,353 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $5,807 | -- |
| 2008 | -- | -- |
| 2007 | $5,707 -20.8% | -- |
| 2006 | $7,203 +63% | -- |
| 2005 | $4,419 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $3,980 +5.7% | $341,850 +8.9% |
| 2000 | $3,766 | $314,050 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
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Climate risks
Neighborhood: 98502
Nearby schools
GreatSchools rating
- 8/10Griffin SchoolGrades: PK-8Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Griffin Elem
- Middle: Griffin Mid School
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Washington
- Thurston County
- Olympia
- 98502
- 3440 Madrona Beach Road NW
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