5508 South Bay Terrace Drive NE, Olympia, WA 98516 (MLS # 2572068)

Listing provided courtesy of Northwest MLS; Realty One Group Bold

Price $1,450,000
Status Active
Beds 3
Baths 2.75 Baths
Home size 3,329 sqft
Lot Size 1.30 ac
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.
Property Type(s): Single Family
Last Updated 9/3/2026 Tract Henderson Inlet
Year Built 1968 Community Henderson Inlet
County Thurston

Additional Details

AIR Heat Pump
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Double Oven, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer, Water Heater
AREA 445 - Boston Harbor
BASEMENT Daylight, Yes
CONSTRUCTION Wood Siding
EXTERIOR Garden
FIREPLACE Yes
GARAGE Attached Garage, Yes
HEAT Electric, Forced Air, Heat Pump, Propane
INTERIOR Bath Off Primary, Fireplace, Pantry, Second Kitchen, Security System, Water Heater, Wine/Beverage Refrigerator, Wired for Generator
LOT 1.3 acre(s)
LOT DESCRIPTION Dead End Street, Paved, Secluded
MLS STATUS Active
PARKING Driveway, Attached, RV Access/Parking
SEWER Septic Tank
STORIES 1
STYLE 16 - 1 Story w/Bsmnt.
SUBDIVISION Henderson Inlet
TAXES 10563
VIEW Yes
VIEW DESCRIPTION Bay, Sound, Territorial
WATERFRONT Yes
WATERFRONT DESCRIPTION Waterfront

Location

 

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 9/6/26 7:21 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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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