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JRJeff ReynoldsCompass · Seattle

Listed by Jim Bennett, RE/MAX Parkside Affiliates

Land
Type
1,742,400 sq ft
Lot
455
Days on market

About this property

Wonderful 40-acre parcel just off Steamboat Island Road. Current zoning is RRR 1/5, this property offers multiple prime building sites to choose from. A Wetland Reconnaissance has already been completed by Land Services Northwest. Whether you’re looking for a private setting to build your dream home or considering a large lot subdivision, this is a must-see. The parcel features a mix of timber and open ground, providing versatile options for development. Ideally located just minutes from downtown Olympia, yet offering privacy and tranquility. This is the WEST parcel, adjoining an additional 40-acre. Purchase both parcels together to create a rare, expansive private estate in this highly desirable area. Seller will be providing a 60 foot easement over parcel XX Gravelly Beach Loop NW, parcel # 12930110100 Buyer to install it's own road and utilities.

Location & commute

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Directions

Property details

Listing details

Listing number
#2433603
Listed
September 16, 2025
Days on market
455 (includes a prior listing period)

Views

View
Territorial

Construction

Style
41 - Res-Over 1 Acre
Structure
None

Lot

Lot features
PavedSecluded
Lot size
1,742,400 sq ft

Terms

Terms offered
CashConventional

Utilities

Utilities
Electricity Available
Water
Well Needed
Sewer
Not Available

Schools

District
Griffin
Elementary
Griffin Elem
Middle
Griffin Mid School
High
Capital High

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Territorial
  • None
  • Paved
  • Secluded
  • Cash
  • Conventional
  • Electricity Available
  • Well Needed
  • Not Available

Listing history

  1. Listed

    $650,000

    September 16, 2025

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$3,785

Principal & interest
$3,287
Property tax (est.)
$498

Assumes $130,000 down (20%), a $520,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 13, 2026 at 10:45 PM PDT. 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.