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Listing courtesy of NWMLS IDX Logo
5508 South Bay Terrace Drive NE
Olympia, WA 98516
FOR SALE · Active
$1,450,000
$436 / Sqft
3
Beds
3
Baths
3,329
Sqft
1.30
Acres
1968
Yr. Built
MLS# 2572068
Days Active: 49 · Includes prior listings · Data provided by the MLS.

Property Description

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.

Listing Broker: Realty One Group Bold; James Clerget; 360-789-1071; jtcnomad@sbcglobal.net

Property Highlights

Property Type
Residential
Property Sub Type
Single Family Residence
Bedrooms
3
Total Bathrooms
3
Living Area
3,329
Price / Sqft
$436
Acres
1.30
Year Built
1968
Condition
Good
Days Active
49

Location

Area
445 - Boston Harbor
City/Township
Olympia
Direction Faces
West
Waterfront
Yes
View
Bay, Sound, Territorial
Subdivision
Henderson Inlet
County
Thurston

Lake/Waterfront Information

Waterfront Features
Low Bank, Bayfront, Sound

Property Details

Price
$1,450,000
Condition
Good
Property Type
Residential
Property Sub Type
Single Family Residence

Building

Structure Type
House
Levels
One
Total Area
3,329 Sqft

Community

Local Schools

School District
North Thurston

Interior Features

Bedrooms and Bathrooms

Total Bathrooms
3
Bathrooms on Main Level
2
Full Bathrooms
2
3/4 Bathrooms
1
Bedrooms
3
Bedrooms on Main Level
3

Rooms and Basement

Basement Features
Daylight

Area and Spaces

Living Area
3,329

Appliances

Appliances
Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer

Interior Features

Interior Features
Second Kitchen, Bath Off Primary, Fireplace, Pantry, Security System, Water Heater, Wine/Beverage Refrigerator, Wired for Generator
Flooring
Vinyl, Carpet
Security Features
Partially Fenced, Security Gate, Security System
Fireplace Features
Gas

Heating and Cooling

Heating Features
90%+ High Efficiency, Forced Air, Heat Pump
Has Fireplace
Yes
Fireplaces
2

Building Details

Construction

Year Built
1968
Foundations
Poured Concrete

Materials

Construction Materials
Wood
Roof
Composition, See Remarks

Terms

Terms

Inclusions
Dishwasher(s), Double Oven, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Special Conditions
None
Special Terms
Cash, Conventional, FHA, VA Loan
Days Active
49

Taxes

Tax

Tax (Annual)
$10,563

Heating, Cooling & Utilities

Cooling Features
Heat Pump

Utilities

Sewer
Septic Tank
Water Source
Community

Green Energy

Power Production Type
Electric, Propane

Lot

Acres
1.30
Lot Size Area Sq Ft
56,628
Lot Features
Dead End Street, Paved, Secluded
Topography
Partial Slope, Terraces

Exterior Features

Exterior Features
Wood

Parking

Total Parking Spaces
2
Covered Spaces
2
Parking Features
Driveway, Attached Garage, RV Parking
Listing Data last updated 10/22/2026 12:40 pm
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Days Active: 49 days (includes prior listings) Data provided by the MLS.

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