TWO WATERFRONT HOMES WITH SWEEPING VIEWS FOR AN INVESTOR OR EXTENDED FAMILY TO GIVE THE PROPERTY SOME TLC! 159' of High Bank Totten Inlet waterfront! This Steamboat Peninsula property features two separate homes on one high-bank parcel at the end of a quiet road. The residences are positioned at a private distance from each other, with one located near Elizan Road and the second situated along the water. Both homes include huge entertaining decks designed to take advantage of the western exposure and sweeping views of Totten Inlet.The layout and privacy between the units provide significant Airbnb potential or a flexible setup for multi-generational living. An unfinished shop with DADU potential sits between the homes, and the property also includes a two-car carport and a garden shed. Both homes have functional interiors that would benefit from modernization, and the exteriors require repair. Please note that while the property offers water views, there is no direct water access. This is a "fixer" property available for cash purchase only, offering a straightforward opportunity to build equity through a renovation project. Buyers must be accompanied by licensed agents to visit the property.
103 days
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5,380
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454
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Zillow last checked:
Listing updated:
Listed by:
Nate Burgher,
Virgil Adams Real Estate, Inc.,
Spence Weigand,
Virgil Adams Real Estate, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2517513
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1
Main level bathrooms: 2
Main level bedrooms: 2
Primary bedroom
Level: Main
Bedroom
Level: Main
Bathroom full
Level: Main
Other
Level: Main
Den office
Level: Main
Entry hall
Level: Main
Kitchen without eating space
Level: Main
Living room
Level: Main
Heating
Fireplace, Baseboard, Electric, Propane
Cooling
Wall Unit(s)
Features
Bath Off Primary
Basement: Unfinished
Number of fireplaces: 1
Fireplace features: Main Level: 1, Fireplace
Interior area
Total structure area: 2,346
Total interior livable area: 2,346 sqft
Property
Parking
Total spaces: 4
Parking features: Detached Carport, Driveway, Off Street
Has carport: Yes
Covered spaces: 2
Uncovered spaces: 2
Features
Levels: Two
Stories: 2
Entry location: Main
Patio & porch: Bath Off Primary, Fireplace, Vaulted Ceiling(s)
Has view: Yes
View description: Sound, Territorial
Has water view: Yes
Water view: Sound
Waterfront features: High Bank, Bayfront, Saltwater, Sound
Frontage length: Waterfront Ft: 121
Lot
Size: 0.72 Acres
Features: Dead End Street, Secluded, Outbuildings, Propane
Topography: Partial Slope,Sloped
Residential vegetation: Brush, Wooded
Details
Parcel number: 45920003500
Zoning: RRR1/5
Zoning description: Jurisdiction: County
Special conditions: Standard
Construction
Type & style
Home type: SingleFamily
Architectural style: 2 Story
Property subtype: Single Family Residence
Materials
Wood Siding
Foundation: Poured Concrete, Slab
Roof: Composition
Condition
Fixer
Year built: 1974
Utilities & green energy
Electric: Company: PSE
Sewer: Septic Tank, Company: Septic
Water: Individual Well, Company: Individual Well
Community & HOA
Community
Subdivision: Steamboat Island
Location
Region: Olympia
Financial & listing details
Price per square foot: $168/sqft
Tax assessed value: $579,600
Annual tax amount: $4,651
Date on market: 5/4/2026
Cumulative days on market: 105 days
Listing terms: Conventional,Rehab Loan
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/17/2026
Price change
$395,000-20.2%$168/sqft
Source: NWMLS as distributed by MLS GRID #2517513Report a problem
6/17/2026
Price change
$495,000-10%$211/sqft
Source: NWMLS as distributed by MLS GRID #2517513Report a problem
5/5/2026
Listed for sale
$550,000+175.1%$234/sqft
Source: NWMLS as distributed by MLS GRID #2517513Report a problem
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.