Magnificent 5.5-acre Oyster Bay waterfront parcel ready for your dream build! All the heavy lifting is complete, offering a rare opportunity to create your custom retreat in a quintessential Pacific Northwest setting. Enjoy exceptional privacy, abundant wildlife, and serene waterfront surroundings. Current owners have navigated the extensive permitting process, securing a Reasonable Use Exception and conditional septic approval--saving you significant time and uncertainty. A defined building envelope is in place for a 4-bedroom home, positioned to capture peaceful water views. Located in the desirable Griffin School District, this property combines natural beauty with convenience. Bring your plans and start building! Shown by appointment only. Please contact your broker to schedule a tour. No drive-bys or trespassing.
Active
Listed by: Century 21 Van Dorm Realty • Michael T. Smith
Price cut: $10K (8/13)
$400,000
5710 Oyster Bay Road NW, Olympia, WA 98502
--beds
--baths
5.5Acres
Unimproved Land
Built in ----
5.5 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Serene waterfront surroundingsExceptional privacyAbundant wildlife
- --
- on Zillow
- 467
- views
- 40
- saves
Zillow last checked:
Listing updated:
Listed by:
Michael T. Smith,
Century 21 Van Dorm Realty,
Karen Smith,
Century 21 Van Dorm Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2520257
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Bay, Sound
- Has water view: Yes
- Water view: Bay,Sound
- Waterfront features: Medium Bank, Bayfront, Creek, Saltwater
- Frontage length: Waterfront Ft: 200
Lot
- Size: 5.5 Acres
- Features: Brush, Corners Flagged, Evergreens, Partially Cleared, Stream/Creek
- Topography: Gullies,Sloped
Details
- Parcel number: 13928130500
- Zoning: RRR1/5
- Zoning description: Residential,Jurisdiction: County
- Special conditions: Standard
Utilities & green energy
- Electric: Available
- Gas: Not Available
- Sewer: Not Available, Septic Design Applied
- Water: Drilled Well, Private Well
- Utilities for property: Electricity Available, Septic Design Applied
Community & HOA
Community
- Subdivision: Oyster Bay
Location
- Region: Olympia
Financial & listing details
- Tax assessed value: $227,400
- Annual tax amount: $1,409
- Date on market: 5/7/2026
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Price change | $400,000-2.4% |
Source:  NWMLS as distributed by MLS GRID #2520257 Report a problem | ||
| 7/1/2026 | Price change | $410,000-6.8% |
Source: NWMLS as distributed by MLS GRID #2520257 Report a problem | ||
| 6/10/2026 | Price change | $440,000-2.2% |
Source: NWMLS as distributed by MLS GRID #2520257 Report a problem | ||
| 5/7/2026 | Listed for sale | $450,000+95.7% |
Source: NWMLS as distributed by MLS GRID #2520257 Report a problem | ||
| 5/27/2021 | Sold | $230,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,499 +7.5% | $227,400 +6.7% |
| 2024 | $1,395 +59.2% | $213,200 +57% |
| 2023 | $876 -12.6% | $135,800 -11.2% |
| 2022 | $1,003 -39% | $152,900 -29.8% |
| 2021 | $1,643 +5.6% | $217,700 +16.4% |
| 2020 | $1,557 -30.2% | $187,000 -34.3% |
| 2019 | $2,229 -6.9% | $284,500 +19% |
| 2018 | $2,395 +1.7% | $239,100 +42.2% |
| 2017 | $2,354 | $168,100 -28.3% |
| 2016 | $2,354 | $234,400 |
| 2014 | $2,354 -0.8% | $234,400 |
| 2007 | $2,374 -25.2% | -- |
| 2006 | $3,175 | -- |
| 2005 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,061 -3.6% | $81,500 |
| 2000 | $1,101 | $81,500 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 98502
Nearby schools
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.
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