First time on market since the Hoover administration! Ultra-rare large estate-sized and private waterfront parcel on desirable Johnson Point! Splendid views of Henderson Inlet and the Olympics, and approximately 500' of gorgeous gravelly beachfront plus ownership of the tidelands. Zoned 1 unit per 5 acres. There is definitely marketable timber but no timber cruise has been done. This is the perfect palette for your "statement" home!
Active
Listed by: Virgil Adams Real Estate, Inc.
$905,000
8031 Kerbaugh Road NE, Olympia, WA 98516
--beds
--baths
16.47Acres
Unimproved Land
Built in ----
16.47 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Private waterfront parcelOwnership of the tidelandsMarketable timber
- 1241 days |
- 212 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Spence Weigand,
Virgil Adams Real Estate, Inc.,
Nate Burgher,
Virgil Adams Real Estate, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2031845
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Bay, Mountain(s), Sound
- Has water view: Yes
- Water view: Bay,Sound
- Waterfront features: Medium Bank, Bayfront, Saltwater, Sound
- Frontage length: Waterfront Ft: 500' Henderson Inlet
Lot
- Size: 16.47 Acres
- Features: Dead End Street, Paved, Secluded, Comm. Grade Timber, Evergreens, Heavily Forested, Partially Cleared
- Topography: Level,Sloped
Details
- Parcel number: 11908410103
- Zoning: RRR 1/5
- Zoning description: Residential,Jurisdiction: County
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Gas: Not Available
- Sewer: Not Available
- Water: Well Needed
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: Johnson Point
Location
- Region: Olympia
Financial & listing details
- Tax assessed value: $906,900
- Annual tax amount: $7,021
- Date on market: 5/22/2023
- Cumulative days on market: 1130 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Listed for sale | $905,000 |
Source:  NWMLS as distributed by MLS GRID #2031845 Report a problem | ||
| 7/31/2025 | Pending sale | $905,000 |
Source: NWMLS as distributed by MLS GRID #2031845 Report a problem | ||
| 5/3/2025 | Listed for sale | $905,000 |
Source: NWMLS as distributed by MLS GRID #2031845 Report a problem | ||
| 4/10/2025 | Listing removed | $905,000 |
Source: NWMLS as distributed by MLS GRID #2031845 Report a problem | ||
| 4/13/2024 | Listed for sale | $905,000 |
Source: NWMLS as distributed by MLS GRID #2031845 Report a problem | ||
| 3/6/2024 | Pending sale | $905,000 |
Source: NWMLS as distributed by MLS GRID #2031845 Report a problem | ||
| 7/9/2023 | Price change | $905,000-8.6% |
Source: NWMLS as distributed by MLS GRID #NWM2031845 Report a problem | ||
| 1/31/2023 | Listed for sale | $990,000 |
Source: NWMLS as distributed by MLS GRID #2031845 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,885 +23.7% | $906,900 +8.2% |
| 2023 | $7,993 +27.6% | $838,000 +29.3% |
| 2022 | $6,264 -10.8% | $647,900 +6.7% |
| 2021 | $7,021 +18% | $607,300 +27.3% |
| 2020 | $5,949 +6.7% | $477,000 -23.7% |
| 2019 | $5,575 -15.8% | $625,200 +23.1% |
| 2018 | $6,619 +10.9% | $508,000 +17% |
| 2017 | $5,971 | $434,250 -7.6% |
| 2016 | $5,971 | $470,200 +4.2% |
| 2014 | $5,971 | $451,200 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 98516
Nearby schools
GreatSchools rating
- 8/10South Bay Elementary SchoolGrades: PK-5Distance: 4.3 mi
- 5/10Chinook Middle SchoolGrades: 6-8Distance: 6.5 mi
- 7/10North Thurston High SchoolGrades: 9-12Distance: 6.6 mi
Schools provided by the listing agent
- Elementary: South Bay Elem
- Middle: Chinook Mid
- High: North Thurston 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Washington
- Thurston County
- Olympia
- 98516
- 8031 Kerbaugh Road NE
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