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$1,450,000

Active

5508 South Bay Terrace Drive NE, Olympia, WA 98516

3beds
3baths
3,329sq ft
1.3acre lot
1968built
Househome type

Listed Sep 3 · MLS #2572068

REPORTED FEATURES

Why you might love it

TAKE A CLOSER LOOK

Reasons to see it in person

  • Listed Sep 3
  • Feel the single-level layout in person
  • Explore the layout of the 56,628 sq ft lot

YOUR NEXT CHAPTER

Be ready when you find the one

  1. ✓Search
  2. 2Narrow
  3. 3Pre-approval
  4. 4Tour
  5. 5Offer

You’re taking a closer look. A licensed loan officer can help you prepare for the next step.

Talk with Enrique

Mortgage Lending Group · Company NMLS 1157983 · Enrique Pelayo Jr. NMLS 131435

THE FACTS

Home details

Interior

Bedrooms
3
Bathrooms
3
Interior area
3,329 sq ft
Levels
One
Flooring
Vinyl, Carpet
Appliances
Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer

Other features

Second KitchenBath Off PrimaryFireplacePantrySecurity SystemWater HeaterWine/Beverage RefrigeratorWired for Generator

Exterior & lot

Home type
House
Year built
1968
Lot size
56,628 sq ft
Exterior
Wood
View
Bay, Sound, Territorial

Parking

Parking spaces
2
Parking features
Driveway, Attached Garage, RV Parking

Systems

Heating
90%+ High Efficiency, Forced Air, Heat Pump
Cooling
Heat Pump
Water
Community
Sewer
Septic Tank

Taxes & HOA

Annual property tax
$10,563 (2026)
Monthly HOA
$0

FROM THE LISTING

About this home

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.

MLS SCHOOL INFORMATION

Schools

North Thurston School District

School assignments can change. Confirm with the district before you decide. No ratings or rankings are provided.

A FEW THINGS TO VERIFY

Before you fall too hard

Check internet providers on the FCC map ↗

Enter 5508 South Bay Terrace Drive NE, Olympia, WA 98516 to check reported service.

Built in 1968 · About 58 years old.