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$2,599,999 Just Listed
Property Description
Unique and one-of-a-kind custom home situated on 40 acres of incredible privacy. Designed as one structure but feels like 2 homes; multi-generational living at its ultimate layout. 2 KITCHENS on main floor with living spaces on each side; each side of the home also has a PRIMARY SUITE ON THE MAIN floor; then upstairs you have a total of 6 Bedrooms ( 3 on each side); all w/ attached baths; Every bedroom is a suite. Additional rec space on the upper level on each side gives both sides a bonus room space w/ attached baths as well. The massive concrete basement allows for extensive storage and hobby spaces. Massive concrete and brick construction means it's highly efficient w/ radiant heat, backup forced-air systems, and high-velocity AIR CONDITIONING. Tons of storage. Outdoors, you have multiple outbuildings for storage; a water cistern for irrigation; fruit trees, garden spaces, and your own PRIVATE ATV trail system. Cost savings are found with the private well, 2 septic systems, and double-thick exterior walls. You will fall in love with the entrance to your own oasis here; unmatched in privacy and design, with easy access to Yelm, Roy, JBLM, and Hwy 507. This is truly unique in the market and provides the ultimate legacy home.
Full Property Details
Full Property Details for 17232 148th Ave SE
General
- Price: $2,599,999
- Taxes: $16,290 (2026)
- Status: Active
- Type: Single Family
- Source: NWMLS
- MLS ID: 2531620
- Updated: 5/31/2026
- Added to Site: 5 day(s) ago
Interior
- Interior Features: Second Kitchen, Second Primary Bedroom, Bath Off Primary, Dbl Pane/Storm Window, Dining Room, French Doors, Jetted Tub, Pantry, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
- Appliances: Dishwasher(s), Garbage Disposal, Refrigerator(s), Trash Compactor
- Flooring: Ceramic Tile, Concrete, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 12
- Full Bathrooms: 10
- Half Bathrooms: 2
- Upper - Full Baths: 8
- Main Floor Baths: 4
- Main - 1/2 Baths: 2
Bedrooms
- Total Bedrooms: 9
- Bedrooms Upper: 6
- Bedrooms Main: 3
Additional Information
- Amenities: Cable TV, Deck, Fenced-Partially, Gated Entry, High Speed Internet, Irrigation, Outbuildings, Patio, Propane, RV Parking
- Security/Safety: Partially Fenced, Security Gate
Parking
- Garage: Yes
- Attached garage: Yes
- Covered Spaces: 6
- Uncovered Spaces: 99
- Parking Features: Driveway, Attached Garage, Off Street, RV Parking
Location
- Area: 453 - Yelm/Rainier
- County: Thurston
- Subdivision: Yelm
- Driving Directions: Take Yelm Ave to Bald Hill Rd. - R on Vail Rd, L on 148th. At the end of 148th there is a Y go to L. Unlock Gate and use driveway to home.
School Information
- High School District: Yelm
- Elementary School: Prairie Elem
- Middle School: Ridgeline Mid
- High School: Yelm High12
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Forced Air, Heat Pump
- Heating Type: Radiant
- Water Heater: Tankless Propane
Utilities
- Sewer: Septic Tank
- Water: Individual Well
Structural Information
- Architectural Style: Traditional
- Structure Type: House
- Exterior Const.: Brick
- Basement Desc.: Roughed In, Unfinished
- Foundation: Poured Concrete
- Roof: Composition
- Entry Location: Main
- Square Feet: 16,175
- Finished Total: 11,547 Sq. Ft.
- Unfinished Total: 4,628 Sq. Ft.
- Year Built: 2005
- Property Condition: Very Good
Lot Features
- Property View: Territorial
- Lot Size (Acres): 39.9999
- Lot Size (Sq. Ft.): 1,742,400
- Lot Size Source: Realist
- Topography: Level
- Lot Features: Dead End Street, Secluded
- Trees/Vegetation: Garden Space, Wooded
Financial Considerations
- Tax Amount: $16,290
- Tax Year: 2026
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: None
- Inclusions: Dishwasher(s), Garbage Disposal, Refrigerator(s), Trash Compactor
- Property ID: 22617110101
Listed by Michael Morrison | Morrison House Sotheby's Intl | (253) 581-5100
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Schools
Schools serving 17232 148th Ave SE
School District:Yelm Community Schools
| Name | Grades | Distance |
|---|---|---|
Yelm Prairie Elementary School 16535 110th Avenue Southeast, Yelm, WA 98597 | K-5 | 3.7 mi |
Ridgeline Middle School 10605 Carter Street Southeast, Yelm, WA 98597 | 6-8 | 4.6 mi |
Yelm High School 12 1315 West Yelm Avenue, Yelm, WA 98597 | 9-12 | 5.8 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 17232 148th Ave SE
Date
Details
Price
Change
Source
5/29/2026
Listed
$2,599,999
72.98%
MLS
6/14/2023
Sold
$1,503,089
—
Public Record
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 17232 148th Ave SE
Year
Property Taxes
Change
Tax Assessment
Change
2026
$104
-99%
$2,300,600
15%
2025
$14,511
-47%
$2,000,300
-3%
2021
$27,328
15%
$2,065,900
-21%
2023
$23,856
-13%
$2,605,700
17%
2021
$27,328
12%
$2,225,900
15%
2020
$24,321
19%
$1,928,900
-1%
2019
$20,399
-15%
$1,947,900
8%
2018
$23,965
2%
$1,809,700
-1%
2017
$23,496
6%
$1,835,450
11%
2016
$22,181
13%
$1,649,750
14%
2015
$19,695
51%
$1,442,400
56%
2014
$13,049
—
$926,450
—
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 17232 148th Ave SE
17232 148th Avenue SE, Yelm, WA 98597 (MLS# 2531620) is a Single Family property with 9 bedrooms, 10 full bathrooms and 2 partial bathrooms. 17232 148th Avenue SE is currently listed for $2,599,999 and was received on May 29, 2026. Want to learn more about 17232 148th Avenue SE? Do you have questions about finding other Single Family real estate for sale in Yelm? You can browse all Yelm real estate or contact a Coldwell Banker agent to request more information.
