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    • Listed by: RE/MAX Connect • Lisa Lageschulte • 360-951-8870
    Bought with: COMPASS
    $1,525,000

    3534 Gravelly Beach Loop NW, Olympia, WA 98502

    2beds
    6,636sqft
    Single Family Residence
    Built in 2002
    0.75 Acres Lot
    $1,517,800 Zestimate®
    $230/sqft
    $3,358 Estimated rent

    Home value

    $1,517,800

    $1.44M - $1.59M

    $3,358/mo

    Zestimate® history
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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa Lageschulte 360-951-8870 L@lageschulte.net,

    RE/MAX Connect

    Bought with:

    Megan Zamberlin, 118188

    COMPASS

    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
    Primary bedroom
    • Level: Main
    Bedroom
    • Level: Second
    Bathroom full
    • Level: Second
    Bathroom full
    • Level: Main
    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
    Great room
    • Level: Main
    Kitchen with eating space
    • Level: Main
    Other
    • Level: Garage
    Utility room
    • 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: $230/sqft
    • Tax assessed value: $1,979,800
    • Annual tax amount: $15,607
    • Date on market: 4/6/2026
    • Listing terms: Conventional,VA Loan
    • Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Leased Equipment, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

    Price history

    DateEventPrice
    9/10/2026Sold$1,525,000-9%$230/sqft
    Source: NWMLS as distributed by MLS GRID #2503078 Report a problem
    8/7/2026Pending sale$1,675,000$252/sqft
    Source: NWMLS as distributed by MLS GRID #2503078 Report a problem
    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
    2025$15,607 +0.1%$1,979,800 -1.4%
    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

    Neighborhood: 98502

    Nearby homes

    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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    Estimated market value
    $1,517,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,517,800

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