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    • Listed by: RE/MAX Connect • Lisa Lageschulte
    Price cut: $75K (7/6)
    $1,675,000

    3534 Gravelly Beach Loop NW, Olympia, WA 98502

    2beds
    6,636sqft
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    Single Family Residence
    Built in 2002
    0.75 Acres Lot
    $1,630,000 Zestimate®
    $252/sqft
    $-- HOA

    What's special

    Private boat launchLarge picture windowsTraditional yet versatile floorplanBasement utility garageVaulted ceilingsNo-bank property
    Experience the ultimate waterfront lifestyle on Eld Inlet at Flapjack Point in the desirable Griffin School District and Steamboat Island Community. This rare no-bank property offers 180-degree views from one of Thurston County’s finest beaches, creating a true everyday retreat. This one-owner home features a traditional yet versatile floorplan with vaulted ceilings, large picture windows, and a spacious gourmet kitchen ideal for entertaining. Two primary suites, each with full baths and walk-in closets, plus multiple flexible spaces for an office, gym, studio, arts and crafts, or guest use. This home adapts to your lifestyle. New carpet & pad throughout the main home & efficiency studio above the detached shop, and fresh interior paint. The daylight basement includes a full kitchen, 3/4 bath, and additional living quarters. Enjoy mature, vibrant & colorful landscaping, a covered gazebo at the water’s edge, and endless opportunities to relax or host gatherings. A private boat launch, moorage buoy, with included tideland, complete this exceptional setting. Additional highlights include an attached 2-car garage, basement utility garage, detached 3-car shop, and a fully functional 1,000± sq ft studio apartment—perfect for guests or extended living. A rare opportunity to own a one-of-a-kind Pacific Northwest waterfront retreat. Come take a look and make your dreams become a reality.
    107 days
    |
    864
    |
    45
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa Lageschulte,

    RE/MAX Connect

    Source: NWMLS as distributed by MLS GRID,MLS#: 2503078MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 4
      • Full bathrooms: 2
      • 3/4 bathrooms: 1
      • 1/2 bathrooms: 1
      • Main level bathrooms: 2
      • Main level bedrooms: 1
      Bedroom
      • Level: Second
      Bathroom three quarter
      • Level: Lower
      Other
      • Level: Lower
      Other
      • Level: Main
      Bonus room
      • Level: Second
      Den office
      • Level: Second
      Dining room
      • Level: Main
      Entry hall
      • Level: Main
      Heating
      • Fireplace, 90%+ High Efficiency, Forced Air, Heat Pump, Recirculation Pump, Electric, Propane
      Cooling
      • 90%+ High Efficiency, Heat Pump
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s), Water Heater: Propane - recirculating, Water Heater Location: Main Garage
      Features
      • Bath Off Primary, Central Vacuum, Ceiling Fan(s), Dining Room, High Tech Cabling, Pantry
      • Flooring: Ceramic Tile, Hardwood, See Remarks, Vinyl, Carpet
      • Doors: French Doors
      • Windows: Dbl Pane/Storm Window, Skylight(s)
      • Basement: Daylight,Finished
      • Number of fireplaces: 1
      • Fireplace features: See Remarks, Main Level: 1, Fireplace
      Interior area
      • Total structure area: 6,636
      • Total interior livable area: 6,636 sqft

      Property

      Parking
      • Total spaces: 11
      • Parking features: Driveway, Attached Garage, Detached Garage, Off Street
      • Has attached garage: Yes
      • Covered spaces: 5
      • Uncovered spaces: 6
      Accessibility
      • Accessibility features: Accessible Approach with Ramp, Accessible Bath, Accessible Bedroom, Accessible Entrance
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: Main
      • Patio & porch: Second Kitchen, Second Primary Bedroom, Bath Off Primary, Built-In Vacuum, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, High Tech Cabling, Pantry, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wet Bar, Wired for Generator
      • Has view: Yes
      • View description: Bay, Sound, Territorial
      • Has water view: Yes
      • Water view: Bay,Sound
      • Waterfront features: Bayfront, No Bank, Saltwater, Sea, Sound
      • Frontage length: Waterfront Ft: 112'
      Lot
      • Size: 0.75 Acres
      • Features: Paved, Value In Land, Cabana/Gazebo, Cable TV, Deck, Green House, High Speed Internet, Moorage, Outbuildings, Patio, Propane, Shop, Sprinkler System
      • Topography: Level,Partial Slope,Steep Slope
      • Residential vegetation: Fruit Trees, Garden Space
      Details
      • Parcel number: 12929132000
      • Zoning: Residential
      • Zoning description: Jurisdiction: County
      • Special conditions: Standard
      • Other equipment: Leased Equipment: None, Wired for Generator

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cape Cod,2 Stories w/Bsmnt
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding
      • Foundation: Poured Concrete, Slab
      • Roof: Composition
      Condition
      • Very Good
      • Year built: 2002

      Utilities & green energy

      • Electric: Company: Puget Sound Energy
      • Sewer: Septic Tank, Company: Private On-Site Septic System
      • Water: Individual Well, Company: Private Individual Well
      • Utilities for property: Xfinity, Xfinity

      Community & HOA

      Community
      • Subdivision: Gravelly Beach
      Location
      • Region: Olympia

      Financial & listing details

      • Price per square foot: $252/sqft
      • Tax assessed value: $2,008,800
      • Annual tax amount: $15,607
      • Date on market: 4/5/2026
      • Cumulative days on market: 109 days
      • Listing terms: Conventional,VA Loan
      • Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Leased Equipment, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

        Estimated market value

        $1,630,000

        $1.55M - $1.71M

        $3,977/mo

        Price history

        DateEventPrice
        7/6/2026Price change$1,675,000-4.3%$252/sqft
        Source: NWMLS as distributed by MLS GRID #2503078 Report a problem
        6/5/2026Price change$1,750,000-5.4%$264/sqft
        Source: NWMLS as distributed by MLS GRID #2503078 Report a problem
        5/21/2026Price change$1,850,000-2%$279/sqft
        Source: NWMLS as distributed by MLS GRID #2503078 Report a problem
        4/23/2026Price change$1,888,000-5%$285/sqft
        Source: NWMLS as distributed by MLS GRID #2503078 Report a problem
        4/6/2026Listed for sale$1,988,000$300/sqft
        Source: NWMLS as distributed by MLS GRID #2503078 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$15,597 +10.1%$2,008,800 +7%
        2023$14,162 -10%$1,876,700 -8.2%
        2022$15,742 +14.5%$2,045,400 +32.8%
        2021$13,749 +25.2%$1,539,700 +30.2%
        2020$10,985 +9.5%$1,182,600 +11.5%
        2019$10,028 -8%$1,060,300 +11.1%
        2018$10,905 -1.4%$954,100 -10.3%
        2017$11,061 $1,063,750 +4.6%
        2016$11,061 $1,016,600 +7.5%
        2014$11,061 $945,250 +13.9%
        2013-- $829,850
        2012$10,902 --
        2011-- --
        2010-- --
        2009$12,533 +3.4%--
        2007$12,118 -21.1%--
        2006$15,362 +65%--
        2005$9,310 --
        2004-- --
        2002-- --
        2001$3,658 +0.6%$285,550 +4.4%
        2000$3,638 $273,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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

        Getting around

        0 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        28 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Griffin Elem
        • Middle: Griffin Mid School
        • High: Capital High

        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.

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