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  • Listed by: RE/MAX Exclusive • Brenda D Kelley
    Bought with: ZNonMember-Office-MLS
    $625,000

    516 1st Street, Steilacoom, WA 98388

    1beds
    1,188sqft
    Single Family Residence
    Built in 2010
    10,659 Square Feet Lot
    $624,500 Zestimate®
    $526/sqft
    $2,143 Estimated rent

    Home value

    $624,500

    $593,000 - $656,000

    $2,143/mo

    Zestimate® history
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    What's special

    Views of puget soundSoaring ceilingsRich wood accentsSurrounded by towering evergreensSpacious bedroom
    Once upon a time…you found the one. Tucked away on a rare 10,000+ sq. ft. Puget Sound view lot in the heart of Steilacoom, this enchanting storybook cabin captures the warmth, charm, and character that’s nearly impossible to find today. Surrounded by towering evergreens with views of Puget Sound, this one-of-a-kind retreat offers approximately 1,200 sq. ft. featuring soaring ceilings, rich wood accents, a spacious bedroom, and a generous loft where you’ll wake to water views. Beyond its undeniable charm lies extraordinary opportunity. Whether you envision embracing the cabin just as it is, expanding the existing home, building a detached garage with an ADU above, or creating a separate ADU for guests, income, or multigenerational living, the oversized lot offers the space to bring your vision to life (buyer to verify). The possibilities are as endless as your imagination. This isn’t simply a home—it’s a chance to create a legacy property in one of Washington’s most treasured waterfront communities. Just moments from Steilacoom’s waterfront and historic downtown, this magical retreat invites you to enjoy today while building something extraordinary for generations to come. Explore Historic Steilacoom's waterfront, beaches, parks shops, local restaurants and ferry to Anderson Island. It's more than a place to live-it's a place to slow down, make memories and create a lifestyle you have always dreamed of. 15-minute drive to JBLM and I-5. *Driveway belongs to neighbors*

    Zillow last checked:

    Listing updated:

    Listed by:

    Brenda D Kelley,

    RE/MAX Exclusive

    Bought with:

    Unrepresentd ZDefault

    ZNonMember-Office-MLS

    Source: NWMLS as distributed by MLS GRID,MLS#: 2545493MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Bedroom
    • Level: Main
    Bathroom full
    • Level: Main
    Bonus room
    • Level: Second
    Entry hall
    • Level: Main
    Great room
    • Level: Main
    Utility room
    • Level: Main
    Heating
    • Fireplace, Radiant, Electric, See Remarks
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Refrigerator(s), Washer(s), Water Heater Location: laundry
    Features
    • Loft
    • Flooring: Concrete
    • Basement: None
    • Number of fireplaces: 1
    • Fireplace features: Wood Burning, Main Level: 1, Fireplace
    Interior area
    • Total structure area: 1,188
    • Total interior livable area: 1,188 sqft

    Property

    Parking
    • Parking features: Off Street
    Features
    • Levels: One and One Half
    • Stories: 1
    • Entry location: Main
    • Patio & porch: Fireplace, Loft, Vaulted Ceiling(s)
    • Has view: Yes
    • View description: Sound
    • Has water view: Yes
    • Water view: Sound
    Lot
    • Size: 10,659 Square Feet
    • Topography: Level
    Details
    • Parcel number: 2990001434
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: 1 1/2 Story
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Very Good
    • Year built: 2010

    Utilities & green energy

    • Electric: Company: Town of Steilacoom
    • Sewer: Sewer Connected, Company: Town of Steilacoom
    • Water: Public, Company: Town of Steilacoom

    Community & HOA

    Community
    • Subdivision: Steilacoom
    Location
    • Region: Steilacoom

    Financial & listing details

    • Price per square foot: $526/sqft
    • Tax assessed value: $551,300
    • Annual tax amount: $4,650
    • Date on market: 6/29/2026
    • Listing terms: Conventional,FHA,VA Loan
    • Inclusions: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

    Price history

    DateEventPrice
    9/25/2026Sold$625,000-3.8%$526/sqft
    Source: NWMLS as distributed by MLS GRID #2545493 Report a problem
    8/16/2026Pending sale$650,000$547/sqft
    Source: NWMLS as distributed by MLS GRID #2545493 Report a problem
    6/29/2026Listed for sale$650,000$547/sqft
    Source: NWMLS as distributed by MLS GRID #2545493 Report a problem
    11/6/2025Listing removed$2,450$2/sqft
    Source: Zillow Rentals Report a problem
    10/20/2025Listed for rent$2,450+36.1%$2/sqft
    Source: Zillow Rentals Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    10/19/2017Listing removed$1,800$2/sqft
    Source: Owner Report a problem
    10/8/2017Listed for rent$1,800$2/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,650 +2.8%$551,300 +3.3%
    2024$4,525 +6.6%$533,600 +8.3%
    2023$4,247 -3.8%$492,600 -4.5%
    2022$4,412 +8.5%$515,800 +26.1%
    2021$4,065 +20.5%$409,200 +21.1%
    2019$3,373 -1.4%$337,900 +11.1%
    2018$3,420 +10.6%$304,100 +13.3%
    2017$3,092 +16.7%$268,500 +21.2%
    2016$2,650 $221,600 +7.5%
    2014$2,650 -0.9%$206,100 +6.6%
    2013$2,674 $193,400 +1.7%
    2012-- $190,200 -18.4%
    2011-- $233,000 +28.1%
    2009$2,544 -2.3%$181,900 -15%
    2008$2,602 +8%$213,900 -9.1%
    2007$2,410 $235,300
    Find assessor info on the county website

    Neighborhood: 98388

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $624,500
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $624,500