$1,795,000
427 38th Avenue NE, Olympia, WA 98506
3 Beds
2.25 Baths
4,033 Sq Ft
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MLS #2542123 / Listing provided by NWMLS & eXp Realty. & eXp Realty

$1,795,000

427 38th Avenue NE
Olympia, WA 98506

Active 18 hours ago
3
Beds
2.25
Baths
4,033
Sq Ft
$445
Per Sq Ft
1997
Year Built

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.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Total Bedrooms: 3
  • Main Level Bedrooms: 1
  • Lower Level Bedrooms: 2
  • Upper Level Bedrooms: 0
  • Possible Bedrooms: 3

Bathrooms

  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Three-quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Full Bathrooms in Garage: 0
  • Half Bathrooms in Garage: 0
  • Three-quarter Bathrooms in Garage: 0

Fireplaces

  • Total Fireplaces: 3
  • Main Level Fireplaces: 3

Water Heater

  • Water Heater Type: Tankless

Heating & Cooling

  • Heating: Yes
  • Cooling: Yes
Exterior Features

Parking

  • Garage: Yes
  • Garage Attached: No
  • Parking Features: Attached Carport, Detached Garage, RV Parking
  • Parking Total: 5
  • Total Uncovered Parking Spaces: 2

Structure

  • Roof: Metal
  • Exterior Features: Stucco
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Dead End Street, Paved
  • Acres: 2.5
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Olympia
  • High School: Olympia High
  • Middle School: Reeves Mid
  • Elementary School: Boston Harbor Elem

Lot Details

  • Lot Features: Dead End Street, Paved
  • Acres: 2.5
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric, Propane
  • Power Company: PSE

Water, Sewer, and Garbage

  • Sewer Company: Septic
  • Sewer: Septic Tank
  • Water Company: Individual Well
  • Water Source: Individual Well
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