5508 South Bay Terrace Drive Ne, Olympia, WA 98516

Olympia
Local realty services provided by:Knipe Realty ERA Powered
Listed by: james clerget
Office: realty one group bold
MLS#:2572068
Source:NWMLS
5508 South Bay Terrace Drive Ne,Olympia, WA 98516
$1,450,000
Virtual Tour
  • 3 Beds
  • 3 Baths
  • 3,329 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$1,450,000
  • Price per sq. ft.:$435.57

About this home

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...

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Home facts

  • Year built:1968
  • Subdivision & Development:Henderson Inlet
  • Listing ID #:2572068
  • Updated:October 28, 2026 at 12:01 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Full bathrooms:2
  • Flooring:Carpet, Vinyl Floor
  • Kitchen Description:Dishwasher, Double Oven, Microwave, Refrigerator
  • Bedroom Description:Main Level Bedrooms : 3
  • Basement Description:Daylight
  • Living area:3,329 sq. ft.

Heating and cooling

  • Heating:90%+ High Efficiency, Forced Air, Heat Pump

Structure and exterior

  • Roof:Composition
  • Year built:1968
  • Building area:3,329 sq. ft.
  • Lot area:1.3 Acres
  • Lot Features:Dead-end Street, Paved, Secluded
  • Construction Materials:Wood Exterior Finish
  • Exterior Features:Deck, Dock, Fenced-Partially, Patio
  • Foundation Description:Daylight
  • Levels:1 Story

Utilities

  • Water:Community
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$1,450,000
  • Price per sq. ft.:$435.57
  • Tax amount:$10,563 (2026)

Features and amenities

  • Appliances:Dishwasher, Refrigerator, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Dock, Gated Entry, Pantry, Propane, Security System, Water Heater, Wired for Generator

Parking

  • Total parking spaces:2
  • Parking description:Attached Garage, Driveway, RV Parking
  • Garage:Yes
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 28, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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