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Listed by: James Clerget (360) 789-1071 | Realty One Group Bold (360) 634-8600
$1,450,000
Monthly Est:$7,217
3 Beds
3 Baths2 full baths
3,329sqft
5508 S Bay Ter Dr NE, Olympia, WA 98516
$1,450,000
$7,217/moEst:
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Single Family Residence
Built in 1968
$-- HOA
1.3 acres lot
$436/sq.ft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: October 2, 2026 at 7:55 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2572068
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1968
HOA Fees
-
Finished Area
3,329 sqft
Lot Size
1.3 acres lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2572068
MLS Status
Active
Days on Market
29
Cumulative Days on Market
29
Open House
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Bathroom Full
Level: Main
Bathroom Full
Level: Main
Bathroom Three Quarter
Level: Lower
Bedroom
Level: Main
Bedroom
Level: Main
Primary Bedroom
Level: Main
Kitchen With Eating Space
Level: Main
Kitchen Without Eating Space
Level: Lower
Living Room
Level: Main
Utility Room
Level: Main
Extra Fin Room
Level: Lower
Extra Fin Room
Level: Lower
Extra Fin Room
Level: Lower
Rec Room
Level: Lower
Den/Office
Level: Lower
Interior
Exterior Features
Wood
Heating
90%+ High Efficiency, Forced Air, Heat Pump
Sewer
Septic Tank
Cooling
Heat Pump
Flooring
Vinyl, Carpet
Interior Features
Second Kitchen, Bath Off Primary, Fireplace, Pantry, Security System, Water Heater, Wine/beverage Refrigerator, Wired For Generator
Appliances
Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Stove(s)/range(s), Washer
Construction
Year Built
Year Built: 1968
Home type
Single Family Residence
Construction Materials
Wood
Foundation Details
Poured Concrete
Property Condition
Good
Roof
Composition, See Remarks
Utilities & Energy
Water Source
Community
Parking Features
Driveway, Attached Garage, Rv Parking
Basement
Daylight
Security Features
Partially Fenced, Security Gate, Security System
Fireplace Features
Gas
Other Features
Lot Features
Dead End Street, Paved, Secluded
Vegetation
Fruit Trees, Garden Space
Subdivision Name
Henderson Inlet
Price History
| Date | Event | Price |
|---|---|---|
09/03/2026 Source: | Listed for Sale | $1,450,000 $436/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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