Just Listed
Address
5508 South Bay Terrace Drive Ne, Olympia, WA
Price
$ 1,450,000
Property Attributes
- ID#2572068
- TypeSingle Family
- CountyTHURSTON
- CityOlympia
- AreaBoston Harbor
- NeighborhoodHenderson Inlet
- Zip98516
- Style1 Story w/Bsmnt.
- Year Built1968
- Taxes$ 10563
- Price$ 1,450,000
- Bedrooms3
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage3329
- Lot Size1.3 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
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, a private bulkhead, and sweeping views across serene Henderson Inlet, up through Dana Passage. 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, or alfresco entertaining with direct access to the waterfront grounds. The finished garage features epoxy flooring with ample hobby-craft space. Fully landscaped grounds include new premium wood and wrought iron fencing, a vegetable garden, and a private orchard with mature apple, pear, and cherry trees. The children's area ensures fun for all. Rare, grandfathered assets include a floating boat dock and fully owned tidelands—providing exceptional privacy. A brand-new architectural roof and professionally permitted Generac standby generator with a 240-gallon propane system provide lasting peace of mind-whatever the season. Only minutes from Olympia's dynamic urban core, this is truly an incomparable waterfront property.
| Price History | |
|---|---|
| 9/3/2026 | Listed $1,450,000 |
General Features
| Living Area | 3329 |
|---|---|
| Sewer | Septic Tank |
| Heating | 90%+ High Efficiency,Forced Air,Heat Pump |
| Cooling | Heat Pump |
| Possession | Closing |
| Roof | Composition,See Remarks |
| Appliances | Dishwasher,Double Oven,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer |
| Security Features | Partially Fenced,Security Gate,Security System |
| Year Built | 1968 |
| View | Bay,Sound,Territorial |
| Topography | Partial Slope,Terraces |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2026 |
| Waterfront Features | Low Bank,Bayfront,Sound |
| County | Thurston |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | Yes |
| Subdivision Name | Henderson Inlet |
| Facing Direction | West |
| Garage Y/N | Yes |
| Full Baths | 2 |
| Special Listing Conditions | None |
| Status | Active |
| Directions | GPS shows location: From I-5,exit to North on Sleater Kinney,right on 54th Ave SE into South Bay Terrace community. Road bends left to South Bay Terrace Drive. Home on waterside/right. |
| City | Olympia |
| Senior Community Y/N | No |
| High School District | North Thurston |
| MLS Area | 445 - Boston Harbor |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 56628 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional,FHA,VA Loan |
| Land Lease Y/N | No |
| Tax Annual Amount | 10563 |
| Property Condition | Good |
| Public Remarks | 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,a private bulkhead,and sweeping views across |
| Virtual Tour | https://listings.imageartsphoto.com/videos/01a0630e-3e40-70af-ba18-dc82326fc9fe |
| Structure Type | House |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Water Company | South Bay Community |
| Property Style | 16 - 1 Story w/Bsmnt. |
| NWM_ShowMapLink | Yes |
Interior Features
| Interior Amenities | Second Kitchen,Bath Off Primary,Fireplace,Pantry,Security System,Water Heater,Wine/Beverage Refrigerator,Wired for Generator |
|---|---|
| Basement | Daylight |
| Flooring | Vinyl,Carpet |
| Total Fireplaces | 2 |
| Fireplace Features | Gas |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| 3/4 Baths | 1 |
| Total Bedrooms | 3 |
| Main Level Bedrooms | 3 |
| Total Baths | 3 |
| Bedrooms Possible | 3 |
| Water Heater Type | Electric |
| Water Heater Location | Basement storage |
| Fireplaces Main | 1 |
| Fireplaces Lower | 1 |
| Power Production Type | Electric,Propane |
| Baths Three Quarter Lower | 1 |
| Baths Full Main | 2 |
| Bathrooms | 2.75 |
Exterior Features
| Exterior Amenities | Wood |
|---|---|
| Vegetation | Fruit Trees,Garden Space |
| Parking Features | Driveway,Attached Garage,RV Parking |
| Lot Features | Dead End Street,Paved,Secluded |
| Water Source | Community |
| Total Parking | 2 |
| Inclusions | Dishwasher(s),Double Oven,Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s) |
| Foundation Details | Poured Concrete |
| Building Area Total | 3329 |
| Lot Size Acres | 1.3 |
| Waterfront Y/N | Yes |
| Covered Spaces | 2 |
| Irrigation Water Rights Y/N | No |
| Waterfront Footage | 160 |
| Site Features | Deck,Dock,Fenced-Partially,Gated Entry,Outbuildings,Outdoor Fireplace,Patio,Propane,RV Parking |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 98516
Price
Taxes
Year Built
