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$2,000,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 1 Full Bath
  • 2 Partial Baths
  • 4,033 Sq. Ft.
  • Updated 1 day ago

Listed by Bo Foster | Signature Service RE Olympia | (360) 446-4646

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427 38th Avenue NE, Olympia, WAVideo Tour of 427 38th Avenue NE, Olympia, WA.
Rare Budd inlet salt waterfront home on 2.5 private acres perfectly located just 4 miles from downtown Olympia & all conveniences. This 4,033 sqft custom home offers a commanding unobstructed view of the Sound and the Olympics from every room. Starting with the grand port-coché entrance, the home exudes understated elegance: custom furniture designed specifically for this home, primary bedroom w/huge luxurious en suite spa-inspired bath w/elegant soaking tub and expansive glass-enclosed shower & most amazing grand closet, high ceilings with crown molding, 3 fireplaces, including one in the primary bedroom, skylights, walls of windows, it's bright & airy. The main level floor plan allows for one level living for occupants challenged by the stairs. Finished daylight basement features 2 spacious bedrooms, rec room, bath, its own entry and, of course, the view, could easily be converted to separate apartment or be used by friends & paying guests. 1200 sq ft iconic boathouse w/utilities is perfect for hosting grand soirees or intimate sunset dinners. It has even been used as a wedding venue. 3 decks totaling 2,496 sqft, fire pit, outside shower, diving closet, garden space, fruit trees, wired for hot tub, & so much more. With 143 ft of easy access low bank shore, this is one of the widest waterfront lots in the area and an opportunity to witness nature at its finest with regular visits from whales, eagles, and sea otters. No HOA. Offered significantly under assessed value.

Full Property Details for 427 38th Ave NE

General

  • Price: $2,000,000
  • Taxes: $26,809 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2499150
  • Updated: 4/13/2026
  • Added to Site: 1 day(s) ago

Interior

  • 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
  • Fireplace: Yes
  • Number of Fireplaces: 3
  • Fireplace(s): Gas
  • Appliances: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Trash Compactor, Washer(s)
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 1
  • Half Bathrooms: 1
  • Main Floor Baths: 2
  • Main - 1/2 Baths: 1
  • Lower - 3/4 Baths: 1

Bedrooms

  • Total Bedrooms: 3
  • Bedrooms Lower: 2
  • Bedrooms Main: 1

Additional Information

  • Amenities: Boat House, Cable TV, Deck, Dock, High Speed Internet, Moorage, Patio, Propane, RV Parking
  • Security/Safety: Security System

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Carports: Yes
  • Covered Spaces: 3
  • Uncovered Spaces: 2
  • Parking Features: Attached Carport, Attached Garage, RV Parking

Location

  • Area: 445 - Boston Harbor
  • County: Thurston
  • Subdivision: Boston Harbor
  • Building Name: Document 1026250
  • Driving Directions: I-5 on PLUM, becomes EAST BAY DR, becomes BOSTON HARBOR RD (approx. 4 miles); Left on 38th AVE NE; Lefton first paved driveway after garden
  • Direction Faces: West

School Information

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

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Heat Pump
  • Heating Type: 90%+ High Efficiency, Forced Air, Heat Pump
  • Water Heater: On demand

Utilities

  • Sewer: Septic Tank
  • Water: Shared Well

Structural Information

  • Structure Type: House
  • Exterior Const.: Stucco
  • Basement Desc.: Daylight, Finished
  • Foundation: Poured Concrete
  • Roof: Metal
  • Entry Location: Main
  • Square Feet: 4,033
  • Finished Total: 4,033 Sq. Ft.
  • Year Built: 1997
  • Property Condition: Very Good

Lot Features

  • Property View: Bay, Mountains, Sound
  • Lot Size (Acres): 2.5
  • Lot Size (Sq. Ft.): 108,900
  • Lot Size Source: Public Records
  • Lot Dimensions: 142 x 625 x 14 x 616
  • Topography: Level, Partial Slope, Rolling
  • Lot Features: Dead End Street, Paved
  • Trees/Vegetation: Fruit Trees, Garden Space

Water Features

  • Water Front: Yes

Financial Considerations

  • Tax Amount: $26,809
  • Tax Year: 2026
  • Terms: Cash, Conventional, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dishwasher(s), Dryer(s), Leased Equipment, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Trash Compactor, Washer(s)
  • Property ID: 52500600301
  • Lot Number: 3

Listed by Bo Foster | Signature Service RE Olympia | (360) 446-4646

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Schools serving 427 38th Ave NE

School District:Olympia School District
NameGradesDistance
Boston Harbor Elementary School
7300 Zangle Road Northeast, Olympia, WA 98506
K-53.6 mi
Olympia Regional Learning Academy B
2400 15th Avenue Southeast, Olympia, WA 98501
K-53.7 mi
Reeves Middle School
2200 Quince Street Northeast, Olympia, WA 98506
6-81.5 mi
Olympia High School
1302 North Street Southeast, Olympia, WA 98501
9-124.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 427 38th Ave NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/13/2026
Listed
$2,000,000
66.67%
MLS
6/26/2009
Sold
$1,200,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 427 38th Ave NE

Year
Property Taxes
Change
Tax Assessment
Change
2026
$121
-100%
$2,440,600
-5%
2025
$27,554
57%
$2,556,200
50%
2021
$17,518
-16%
$1,708,800
-20%
2023
$20,805
19%
$2,128,600
52%
2021
$17,518
4%
$1,404,400
6%
2020
$16,892
18%
$1,320,100
9%
2019
$14,300
1%
$1,208,900
10%
2018
$14,215
-1%
$1,098,000
-4%
2017
$14,338
-1%
$1,141,150
—
2016
$14,449
9%
$1,144,700
14%
2015
$13,244
1%
$1,004,450
2%
2014
$13,118
—
$989,350
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Bo Foster | Signature Service RE Olympia | (360) 446-4646

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427 38th Avenue NE, Olympia, WA 98506 (MLS# 2499150) is a Single Family property with 3 bedrooms, 1 full bathroom and 2 partial bathrooms. 427 38th Avenue NE is currently listed for $2,000,000 and was received on April 13, 2026. Want to learn more about 427 38th Avenue NE? Do you have questions about finding other Single Family real estate for sale in Olympia? You can browse all Olympia real estate or contact a Coldwell Banker agent to request more information.

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