Skip to content
JRJeff ReynoldsCompass · Seattle

Listed by Rick W. Seddon, John L. Scott, Inc.

Land
Type
189,652 sq ft
Lot
42
Days on market

About this property

Exceptional 4.3-acre development opportunity in the heart of Yelm! Offered with a 23-lot preliminary plat and engineering already completed, this property presents a rare chance for builders and developers to accelerate their timeline and capitalize on the area's continued growth and strong housing demand. Utilities are in the street, helping streamline the development process and reduce upfront infrastructure hurdles. The property includes an existing home, providing the flexibility to generate rental income while final approvals are secured and development plans move forward. Whether you're looking to build out the project immediately or hold as an investment, the existing residence offers valuable interim cash flow. With much of the preliminary planning work already completed, this is an exceptional chance to capitalize on the continued demand for new housing in Thurston County. Conveniently located with access to schools, shopping, and major commuter routes, the project is well-positioned for future success. Opportunities with substantial pre-development work already in place are becoming increasingly scarce—secure this 23-lot project and bring your vision to life in one of Thurston County's fastest-growing communities.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2531310
Listed
June 1, 2026
Days on market
42

Construction

Style
41 - Res-Over 1 Acre
Structure
None

Lot

Lot size
189,652 sq ft

Terms

Terms offered
CashConventional

Utilities

Utilities
Electricity AvailableNatural Gas AvailableSeptic Design Installed
Water
In StreetPrivate Well
Sewer
In Street

Schools

District
Yelm

What stands out to you?

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

  • None
  • Cash
  • Conventional
  • Electricity Available
  • Natural Gas Available
  • Septic Design Installed
  • In Street
  • Private Well

Listing history

  1. Listed

    $1,800,000

    June 1, 2026

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

$10,482

Principal & interest
$9,102
Property tax (est.)
$1,380

Assumes $360,000 down (20%), a $1,440,000 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 14, 2026 at 12:15 AM 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.