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$650,000
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Property Description
Once upon a time...you found the one. Tucked away on a rare 10,000+ sq. ft. Puget Sound view lot in the heart of Steilacoom, this enchanting storybook cabin captures the warmth, charm, and character that's nearly impossible to find today. Surrounded by towering evergreens with views of Puget Sound, this one-of-a-kind retreat offers approximately 1,200 sq. ft. featuring soaring ceilings, rich wood accents, a spacious bedroom, and a generous loft where you'll wake to water views. Beyond its undeniable charm lies extraordinary opportunity. Whether you envision embracing the cabin just as it is, expanding the existing home, building a detached garage with an ADU above, or creating a separate ADU for guests, income, or multigenerational living, the oversized lot offers the space to bring your vision to life (buyer to verify). The possibilities are as endless as your imagination. This isn't simply a home-it's a chance to create a legacy property in one of Washington's most treasured waterfront communities. Just moments from Steilacoom's waterfront and historic downtown, this magical retreat invites you to enjoy today while building something extraordinary for generations to come. Spend your days exploring Historic Steilacoom's waterfront, beaches, parks shops, local restaurants and ferry to Anderson Island. It's more than a place to live-it's a place to slow down, make memories and create a lifestyle you have always dreamed of. 15-minute drive to JBLM and I-5.
Full Property Details
Full Property Details for 516 1st St
General
- Price: $650,000
- Taxes: $4,650 (2026)
- Status: Active
- Type: Single Family
- Source: NWMLS
- MLS ID: 2545493
- Updated: 6/29/2026
- Added to Site: 17 day(s) ago
Interior
- Interior Features: Fireplace, Loft, Vaulted Ceiling(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Wood Burning
- Appliances: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Flooring: Concrete
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main Floor Baths: 1
Bedrooms
- Total Bedrooms: 1
- Bedrooms Main: 1
Parking
- Parking Features: Off Street
Location
- Area: 43 - Steilacoom
- County: Pierce
- Subdivision: Steilacoom
- Building Name: Chapmans Part
- Driving Directions: Union Ave, west on Gove, property at end of street.
School Information
- High School District: Steilacoom Historica
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiant
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: House
- Exterior Const.: Wood
- Basement Desc.: None
- Foundation: Poured Concrete
- Roof: Composition
- Entry Location: Main
- Square Feet: 1,188
- Finished Total: 1,188 Sq. Ft.
- Year Built: 2010
- Property Condition: Very Good
Lot Features
- Property View: Sound
- Lot Size (Acres): 0.2447
- Lot Size (Sq. Ft.): 10,658
- Lot Size Source: Co Assesssor
- Topography: Level
Financial Considerations
- Tax Amount: $4,650
- Tax Year: 2026
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: None
- Inclusions: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Property ID: 2990001434
- Lot Number: 4
Listed by Brenda D Kelley | RE/MAX Exclusive | (253) 857-3366
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Schools
Schools serving 516 1st St
School District:Steilacoom Historical School District
| Name | Grades | Distance |
|---|---|---|
Saltars Point Elementary School 908 3rd Street, Steilacoom, WA 98388 | 4-5 | 0.2 mi |
Cherrydale Elementary School 1201 Galloway Street, Steilacoom, WA 98388 | K-3 | 1.1 mi |
Pioneer Middle School, DuPont, WA 1750 Bob's Hollow Ln, DuPont, WA 98327 | 6-8 | 4.9 mi |
Steilacoom High School 54 Sentinel Drive, Steilacoom, WA 98388 | 9-12 | 1.8 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 516 1st St
Date
Details
Price
Change
Source
6/25/2026
Listed
$650,000
—
MLS
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
Tax History for 516 1st St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,525
7%
$551,300
12%
2024
$4,247
-4%
$492,600
-4%
2023
$4,412
9%
$515,800
26%
2022
$4,065
2%
$409,200
11%
2021
$3,988
5%
$369,700
9%
2020
$3,805
11%
$337,900
11%
2018
$3,420
—
$304,100
13%
2018
$3,420
11%
$268,500
9%
2017
$3,092
12%
$247,200
12%
2016
$2,770
5%
$221,600
8%
2015
$2,650
—
$206,100
7%
2014
$2,654
—
$193,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 516 1st St
516 1st Street, Steilacoom, WA 98388 (MLS# 2545493) is a Single Family property with 1 bedroom and 1 full bathroom. 516 1st Street is currently listed for $650,000 and was received on June 27, 2026. Want to learn more about 516 1st Street? Do you have questions about finding other Single Family real estate for sale in Steilacoom? You can browse all Steilacoom real estate or contact a Coldwell Banker agent to request more information.

