Listing provided courtesy of eXp RealtyNWMLSas Distributed by MLSGrid- MLS# NWM2542123MLS Provider

427 38th Avenue NEOlympia, WA 98506

Single Family · 3 Beds · 1 Full Bath · 1 Half Bath · 1 Three Quarter Bath · 4,033 Sq. ft. | 2.50 Acres
$1,795,000 Pending Inspection

427 38th Avenue NE Overview

Visits:
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Waterfront living reaches a new level at this extraordinary Budd Inlet property. Tucked away on 2.5 acres with 143 feet of shoreline, this one-of-a-kind estate offers a front-row seat to spectacular sunsets, ever-changing marine activity, and panoramic mountain vistas—all just minutes from downtown Olympia. Inside, the 4,033 sq ft residence blends comfort and functionality with generous living spaces, walls of glass, skylights, and a layout designed to keep the water in view. The main floor includes the owner's suite, featuring a fireplace, luxurious bath, and oversized wardrobe room. Two additional bedrooms, a recreation area, full bath, and private exterior access on the lower level create flexible living arrangements for guests or extended stays. Outdoor spaces were designed to be enjoyed year-round, with nearly 2,500 sq ft of decking, gathering areas, garden beds, fruit trees, a fire pit, and outdoor shower. Unique waterfront amenities include an extremely rare private dock and an impressive 1,200 sq ft boathouse, offering endless possibilities for entertaining, hobbies, storage, or simply enjoying life on the water. The home is fully wired for a generator, providing added peace of mind, and the upper portion of the property offers ample space for RV and boat parking. Watch bald eagles soar overhead, spot otters along the shoreline, and enjoy the serenity that comes with owning one of the area's most distinctive waterfront properties. No HOA.

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427 38th Avenue NE Facts & Features

  • Type Single Family
  • Sq. ft. 4,033
  • Price/Sq.ft. $445
  • Lot 2.50 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Olympia
  • Elementary School: Boston Harbor Elem
  • Middle Or Junior School: Reeves Mid
  • High School: Olympia High

Building Information

  • New Construction: No
  • Year Built: 1997

Location/Region

  • Country: US
  • County Or Parish: Thurston
  • MLS Area Major: 445 - Boston Harbor
  • Subdivision Name: Boston Harbor

Rent/Lease Information

  • Land Lease: No

Tax Information

  • Tax Annual Amount: $26,809.00
  • Tax Year: 2026

General Information

  • Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Trash Compactor, Washer(s)
  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 52500600301
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Building Information

  • Building Information: Built On Lot

Parking Information

  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Three Quarter: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 3
  • Bedrooms Lower: 2
  • Bedrooms Possible: 3
  • Bedrooms Upper: 0

Building Interior

  • Appliances Included: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Trash Compactor, Washer(s)
  • Building Area Total: 4033
  • Building Area Units: Square Feet
  • Calculated Square Footage: 4033
  • Square Footage Finished: 4033
  • Square Footage Unfinished: 0

General Information

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Tankless Water Heater, Trash Compactor, Washer
  • Basement: Daylight, Finished
  • Cooling: Yes
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Fireplaces Total: 3
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Interior Features: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, Fireplace (Primary Bedroom), French Doors, Pantry, Security System, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wired for Generator
  • Levels: One
  • Living Area: 4033
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Power Production Type: Electric,Propane
  • Security Features: Security System

Exterior

Parking Information

  • Open Parking: No
  • Parking Features: Attached Carport, Detached Garage, RV Parking
  • Parking Total: 5
  • Parking Uncovered Total: 2

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Dead End Street, Paved
  • Lot Size Acres: 2.5
  • Lot Size Square Feet: 108900
  • Lot Size Units: Square Feet
  • Site Features: Boat House, Cable TV, Deck, Dock, High Speed Internet, Moorage, Outbuildings, Patio, Propane, RV Parking
  • Topography: Level, Partial Slope, Rolling
  • Vegetation: Fruit Trees,Garden Space,Wooded
  • Elevation Units: Feet
  • Water Source: Individual Well

Waterfront/View

  • Waterfront Features: Low Bank, Bayfront, Saltwater, Sound
  • Waterfront: Yes

Building Exterior/Construction

  • Attached Garage: No
  • Roof: Metal
  • Structure Type: House

General Information

  • Carport: Yes
  • Covered Spaces: 3
  • Exterior Features: Stucco
  • Sewer: Septic Tank

Room Information

Room: Bathroom Three Quarter

  • Level: Lower

Room: Bedroom

  • Level: Lower

Room: Bedroom

  • Level: Lower

Room: Family Room

  • Level: Lower

Room: Bathroom Full

  • Level: Main

Room: Bathroom Half

  • Level: Main

Room: Dining Room

  • Level: Main

Room: Entry Hall

  • Level: Main

Room: Extra Fin Room

  • Level: Main

Room: Kitchen With Eating Space

  • Level: Main

Room: Living Room

  • Level: Main

Room: Primary Bedroom

  • Level: Main

Room: Rec Room

  • Level: Main

Room: Utility Room

  • Level: Main

427 38th Avenue NE Neighborhood

Community

98506 (OLYMPIA) Demographics

47
Median Age
610
Population Density (per sq. mile)
56%
College Educated
$76,835
Estimated Median Income
5,668
Estimated Total Home Owners
2,775
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

427 38th Avenue NE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

427 38th Avenue NE Market Data

Based on the last 30 days in this zip code

$633,818
Average List Price
$290
Average Price per Square Foot
31
Properties Sold
76
Average Days on Market
87
Properties for Sale
Calculations provided by Reliance Network

427 38th Avenue NE History

Date Event Value Agent
6/26/2026Source: NWMLS Status Change
Pending Inspection
6/19/2026Source: NWMLS Added to Database
June 19, 2026