Rare 8.78-acre waterfront opportunity in Olympia’s Henderson Inlet with western exposure—beautiful light and unforgettable sunsets. The property includes a 2BR/1.5BA 1940s home and an outstanding chance to renovate, restore, or reimagine. Value is in the land, privacy, and lifestyle. Enjoy nature, then walk down to the beach for bonfires and sunset evenings on the shoreline, all while staying close to town amenities and commuter routes. Tideland rights included (buyer to verify extent/transferability). Zoned RL 1/2 (max density: 1 DU per 2 acres). Buyer to verify development potential, feasibility, and future use. AS-IS.
Sold
Listed by: eXp Realty • Jessica Yi
Bought with: COMPASS
$1,100,000
8947 Buttonwood Ln NE, Olympia, WA 98516
2beds
1,087sqft
Single Family Residence
Built in 1942
8.78 Acres Lot
$1,100,400 Zestimate®
$1,012/sqft
$2,678 Estimated rent
Home value
$1,100,400
$1.03M - $1.18M
$2,678/mo
Zestimate® history
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$2,678/mo
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Zillow last checked:
Listing updated:
Listed by:
Jessica Yi,
eXp Realty
Bought with:
Christopher P Murphy, 111144
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2467232
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Level: Second
Bedroom
- Level: Main
Bathroom full
- Level: Main
Other
- Level: Second
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Lower
Heating
- Fireplace, Baseboard, Forced Air, Propane
Cooling
- None
Appliances
- Included: Dryer, Refrigerator, Stove(s)/Range(s), Washer, Dryer(s), Refrigerator(s), Washer(s), Water Heater: Propane, Water Heater Location: Basement
Features
- Flooring: Laminate, Carpet
- Basement: Unfinished
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,087
- Total interior livable area: 1,087 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached Carport, Driveway
- Has carport: Yes
- Covered spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Fireplace, Water Heater
- Has view: Yes
- View description: See Remarks, Sound, Territorial
- Has water view: Yes
- Water view: Sound
- Waterfront features: Medium Bank, Bulkhead, Saltwater, Sound
Lot
- Size: 8.78 Acres
- Features: Dead End Street, Patio, Shop
- Topography: Level,Partial Slope
- Residential vegetation: Brush, Fruit Trees, Garden Space, Wooded
Details
- Parcel number: 11905410000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 2 Story
- Property subtype: Single Family Residence
Materials
- Log, Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1942
Utilities & green energy
- Electric: Company: Propane
- Sewer: Septic Tank, Company: Septic
- Water: Individual Well, Company: Well
Community & HOA
Community
- Subdivision: Johnson Point
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $1,012/sqft
- Tax assessed value: $1,098,300
- Annual tax amount: $12,158
- Date on market: 3/18/2026
- Cumulative days on market: 43 days
- Listing terms: Conventional
- Inclusions: Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 3/30/2026 | Sold | $1,100,000-8.3%$1,012/sqft |
Source:  NWMLS as distributed by MLS GRID #2467232 Report a problem | ||
| 2/23/2026 | Pending sale | $1,200,000$1,104/sqft |
Source: eXp Realty #2467232 Report a problem | ||
| 2/21/2026 | Price change | $1,200,000-11.1%$1,104/sqft |
Source: NWMLS as distributed by MLS GRID #2467232 Report a problem | ||
| 1/12/2026 | Listed for sale | $1,350,000$1,242/sqft |
Source: NWMLS as distributed by MLS GRID #2467232 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/19/2015 | Listing removed | $1,400$1/sqft |
Source: Owner Report a problem | ||
| 10/19/2015 | Listed for rent | $1,400$1/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $12,158 +30.8% | $1,098,300 +15% |
| 2023 | $9,294 +20.3% | $954,900 +22.3% |
| 2022 | $7,728 +87.2% | $780,800 +8.2% |
| 2021 | $4,127 -4.7% | $721,500 +10.1% |
| 2020 | $4,330 +13.8% | $655,400 +0.5% |
| 2019 | $3,805 -0.5% | $651,900 +18% |
| 2018 | $3,824 -37.2% | $552,300 +14% |
| 2017 | $6,088 | $484,300 +3.4% |
| 2016 | $6,088 | $468,200 +4.5% |
| 2014 | $6,088 | $447,900 +0.7% |
| 2013 | -- | $444,800 |
| 2012 | $6,227 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $7,132 | -- |
| 2008 | -- | -- |
| 2007 | $7,293 -4.7% | -- |
| 2006 | $7,656 +44.6% | -- |
| 2005 | $5,296 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $4,789 -3.1% | $298,900 |
| 2000 | $4,942 | $298,900 |
Find assessor info on the county website
Neighborhood: 98516
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Nearby schools
GreatSchools rating
- 8/10South Bay Elementary SchoolGrades: PK-5Distance: 5.3 mi
- 5/10Chinook Middle SchoolGrades: 6-8Distance: 7.5 mi
- 7/10North Thurston High SchoolGrades: 9-12Distance: 7.5 mi
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Estimated market value
$1,100,400
Get a cash offer in 3 minutes
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Estimated market value
$1,100,400
- Washington
- Thurston County
- Olympia
- 98516
- 8947 Buttonwood Ln NE
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