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$1,795,000 Just Listed

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

Listed by Marcus Rothwell | eXp Realty | (888) 317-5197 and Elizabeth Foster | eXp Realty | (888) 317-5197

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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.

Full Property Details for 427 38th Ave NE

General

  • Price: $1,795,000
  • Taxes: $26,809 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2542123
  • Updated: 6/19/2026
  • Added to Site: 4 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, Outbuildings, Patio, Propane, RV Parking
  • Security/Safety: Security System

Parking

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

Location

  • Area: 445 - Boston Harbor
  • County: Thurston
  • Subdivision: Boston Harbor
  • 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

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: Tankless

Utilities

  • Sewer: Septic Tank
  • Water: Individual 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

Lot Features

  • Property View: Bay, Mountains, Sound
  • Lot Size (Acres): 2.5
  • Lot Size (Sq. Ft.): 108,900
  • Lot Size Source: Co Assessor
  • Topography: Level, Partial Slope, Rolling
  • Lot Features: Dead End Street, Paved
  • Trees/Vegetation: Fruit Trees, Garden Space, Wooded

Water Features

  • Water Front: Yes

Financial Considerations

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

Disclosures and Reports

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

Listed by Marcus Rothwell | eXp Realty | (888) 317-5197 and Elizabeth Foster | eXp Realty | (888) 317-5197

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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
6/19/2026
Listed
$1,795,000
49.58%
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
$26,764
-3%
$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 Marcus Rothwell | eXp Realty | (888) 317-5197 and Elizabeth Foster | eXp Realty | (888) 317-5197

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427 38th Avenue NE, Olympia, WA 98506 (MLS# 2542123) is a Single Family property with 3 bedrooms, 1 full bathroom and 2 partial bathrooms. 427 38th Avenue NE is currently listed for $1,795,000 and was received on June 19, 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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