Active · Residential

5508 South Bay Terrace Drive NE, Olympia, WA 98516

Olympia, WA 98516

$1,450,000

3 bedrooms · 3 bathrooms · 3,329 sq ft

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Listing provided by Realty One Group Bold · MLS #2572068 · Active

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About this property

Discover a rare 1.3-acre dual-parcel legacy estate in coveted South Bay Terrace. This 3,329-SF luxury home offers 160 feet of low-bank saltwater frontage and sweeping views across serene Henderson Inlet, up through Dana Passage. Invaluable, grandfathered assets include a floating boat dock, a private bulkhead, and fully owned tidelands—providing exceptional privacy. Ideally located near Boston Harbor and Woodard Bay Conservation Area, this sanctuary offers unrivaled access to Puget Sound’s most beautiful protected waters. Designed to frame the water from nearly every room, the home features a gourmet chef’s kitchen with granite countertops, hardwood finishes, a professional Viking range, and premium KitchenAid appliances. Expansive living areas are filled with natural light, while the daylight basement offers flexible space for multi-generational living, a home theater, and alfresco entertaining with direct access to the waterfront grounds. A brand-new architectural roof and professionally permitted Generac standby generator with a 240-gallon propane system provide lasting peace of mind-whatever the season. The finished garage features epoxy flooring with ample hobby-craft space. Fully landscaped grounds include new premium wood and wrought iron fencing, a vegetable garden, and a private orchard with mature apple, pear, and cherry trees. The children's area ensures fun for all. Only minutes from Olympia's dynamic urban core, this is truly an incomparable waterfront property.

Property details

Property type: Single Family Residence
Year built: 1968
Lot size: 56,628 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $10,563 (2026)
Parking spaces: 2
School district: North Thurston

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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