427 38th Avenue NE, Olympia, WA 98506

$1,795,000
3
BD
3
BA
4,033
SqFt

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Listing courtesy of eXp Realty.

List Price
$1,795,000
Status
PENDING
MLS#
2542123
Days on Market
77
Bedrooms
3
Finished SqFt
4,033
Area Total SqFt
4033
Annual Tax Ammount
26809
Lot Size (sq ft)
108,900
Fireplace
Yes
Sewer
Septic Tank

Property Description

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.

Additional Information

Community
Boston Harbor
Style
16 - 1 Story w/Bsmnt.
Basement
Daylight, Finished
Year Built
1997
Total Covered Parking
3
Waterfront
Yes
Waterfront Description
Low Bank, Bayfront, Saltwater, Sound
View
Bay, Mountains, Sound
Roof
Metal
Site Features
Boat House, Cable TV, Deck, Dock, High Speed Internet, Moorage, Outbuildings, Patio, Propane, RV Parking
Tax Year
2026
School District
Olympia
Elementary School
Boston Harbor Elem
Middle School
Reeves Mid
High School
Olympia High
Potential Terms
Cash, Conventional, FHA, VA Loan
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
Flooring
Ceramic Tile, Hardwood, Vinyl, Carpet
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
Appliance
Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Tankless Water Heater, Trash Compactor, Washer
Appliances Included
Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Trash Compactor, Washer(s)
Water Heater Type
Tankless
Energy Source
Electric, Propane
Based on information submitted to the MLS GRID as of . 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.
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