Waterfront living reaches a new level at this extraordinary Budd Inlet property. Tucked away on 2.5 acres with 143 feet of shoreline, this one-of-a-kind estate offers a front-row seat to spectacular sunsets, ever-changing marine activity, and panoramic mountain vistas—all just minutes from downtown Olympia. Inside, the 4,033 sq ft residence blends comfort and functionality with generous living spaces, walls of glass, skylights, and a layout designed to keep the water in view. The main floor includes the owner's suite, featuring a fireplace, luxurious bath, and oversized wardrobe room. Two additional bedrooms, a recreation area, full bath, and private exterior access on the lower level create flexible living arrangements for guests or extended stays. Outdoor spaces were designed to be enjoyed year-round, with nearly 2,500 sq ft of decking, gathering areas, garden beds, fruit trees, a fire pit, and outdoor shower. Unique waterfront amenities include an extremely rare private dock and an impressive 1,200 sq ft boathouse, offering endless possibilities for entertaining, hobbies, storage, or simply enjoying life on the water. The home is fully wired for a generator, providing added peace of mind, and the upper portion of the property offers ample space for RV and boat parking. Watch bald eagles soar overhead, spot otters along the shoreline, and enjoy the serenity that comes with owning one of the area's most distinctive waterfront properties. No HOA.
Sold
Listed by: eXp Realty • Marcus Rothwell
Bought with: Realty One Group Bold
$1,795,000
427 38th Avenue NE, Olympia, WA 98506
3beds
4,033sqft
Single Family Residence
Built in 1997
2.5 Acres Lot
$1,782,500 Zestimate®
$445/sqft
$5,217 Estimated rent
Home value
$1,782,500
$1.69M - $1.87M
$5,217/mo
Zestimate® history
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List your homeWhat's special
Fruit treesSpectacular sunsetsPanoramic mountain vistasPrivate dockOversized wardrobe roomLuxurious bathGarden beds
Zillow last checked:
Listing updated:
Listed by:
Marcus Rothwell,
eXp Realty,
Elizabeth Foster,
eXp Realty
Bought with:
James Clerget, 134306
Realty One Group Bold
Source: NWMLS as distributed by MLS GRID,MLS#: 2542123
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Primary bedroom
- Level: Main
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Lower
Other
- Level: Main
Other
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Lower
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Rec room
- Level: Main
Utility room
- Level: Main
Heating
- Fireplace, 90%+ High Efficiency, Forced Air, Heat Pump, Electric, Propane
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Tankless Water Heater, Trash Compactor, Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s), Water Heater: Tankless
Features
- Bath Off Primary, Dining Room, Pantry
- Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
- Doors: French Doors
- Windows: Dbl Pane/Storm Window, Skylight(s)
- Basement: Daylight,Finished
- Number of fireplaces: 3
- Fireplace features: Gas, Main Level: 3, Fireplace
Interior area
- Total structure area: 4,033
- Total interior livable area: 4,033 sqft
Property
Parking
- Total spaces: 5
- Parking features: Attached Carport, Detached Garage, RV Parking
- Has garage: Yes
- Has carport: Yes
- Covered spaces: 3
- Uncovered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, Fireplace (Primary Bedroom), French Doors, Pantry, Security System, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wired for Generator
- Has view: Yes
- View description: Bay, Mountain(s), Sound
- Has water view: Yes
- Water view: Bay,Sound
- Waterfront features: Low Bank, Bayfront, Saltwater, Sound
Lot
- Size: 2.5 Acres
- Features: Dead End Street, Paved, Boat House, Cable TV, Deck, Dock, High Speed Internet, Moorage, Outbuildings, Patio, Propane, RV Parking
- Topography: Level,Partial Slope,Rolling
- Residential vegetation: Fruit Trees, Garden Space, Wooded
Details
- Parcel number: 52500600301
- Special conditions: Standard
- Other equipment: Wired for Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Poured Concrete
- Roof: Metal
Condition
- Year built: 1997
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Individual Well, Company: Individual Well
Community & HOA
Community
- Security: Security System
- Subdivision: Boston Harbor
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $445/sqft
- Tax assessed value: $2,556,200
- Annual tax amount: $26,809
- Date on market: 5/23/2026
- Cumulative days on market: 65 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Trash Compactor, Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Sold | $1,795,000$445/sqft |
Source:  NWMLS as distributed by MLS GRID #2542123 Report a problem | ||
| 6/27/2026 | Pending sale | $1,795,000$445/sqft |
Source: NWMLS as distributed by MLS GRID #2542123 Report a problem | ||
| 6/19/2026 | Listed for sale | $1,795,000+49.6%$445/sqft |
Source: eXp Realty #2542123 Report a problem | ||
| 7/1/2009 | Sold | $1,200,000-20%$298/sqft |
Source: NWMLS as distributed by MLS GRID #28171522 Report a problem | ||
| 12/21/2008 | Listing removed | $1,500,000$372/sqft |
Source: Postlets #28171522 Report a problem | ||
| 10/26/2008 | Listed for sale | $1,500,000$372/sqft |
Source: Postlets #28171522 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $27,554 +13.8% | $2,556,200 +8.1% |
| 2023 | $24,210 +16.4% | $2,363,800 +11% |
| 2022 | $20,805 +6.4% | $2,128,600 +24.6% |
| 2021 | $19,547 +11.6% | $1,708,800 +21.7% |
| 2020 | $17,518 +22.5% | $1,404,400 +6.4% |
| 2019 | $14,300 +0.6% | $1,320,100 +9.2% |
| 2018 | $14,215 +7.3% | $1,208,900 +5.9% |
| 2017 | $13,244 | $1,141,150 -0.3% |
| 2016 | $13,244 | $1,144,700 +14% |
| 2014 | $13,244 | $1,004,450 +1.5% |
| 2013 | -- | $989,350 |
| 2012 | $13,023 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $12,199 | -- |
| 2008 | -- | -- |
| 2007 | $13,178 -19.5% | -- |
| 2006 | $16,361 +56.3% | -- |
| 2005 | $10,466 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $9,675 -0.2% | $610,700 |
| 2000 | $9,694 | $610,700 |
Find assessor info on the county website
Neighborhood: 98506
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Nearby schools
GreatSchools rating
- 7/10Boston Harbor Elementary SchoolGrades: PK-5Distance: 3.5 mi
- 8/10Reeves Middle SchoolGrades: 6-8Distance: 1.5 mi
- 9/10Olympia High SchoolGrades: 9-12Distance: 4.8 mi
Schools provided by the listing agent
- Elementary: Boston Harbor Elem
- Middle: Reeves Mid
- High: Olympia 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
$1,782,500
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Estimated market value
$1,782,500
- Washington
- Thurston County
- Olympia
- 98506
- 427 38th Avenue NE
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