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JRJeff ReynoldsCompass · Seattle

12306 Bald Hill Road SE, Yelm, WA 98597

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Active

Listed by Cat Larrow, Homestead Home Group

Active0 days on market

$2,850,000

$790 per sq ft

12306 Bald Hill Road SE, Yelm, WA 98597

Yelm, WA, 98597

Beds
3
Baths
2
Sq ft
3,608
Built
1901
Parking
Detached Carport, Driveway
Ask Jeff

Tour this home

Jeff Reynolds · Managing Broker, Compass

Start with a focused 15-minute call, then tour with a clear due-diligence plan.

3
Bedrooms
2
Bathrooms
3,608
Square feet
$790
Per sq ft
Single Family Residence
Type
1901
Year built
6,318,814 sq ft
Lot
0
Days on market

About this property

Welcome to Reichel Farm - a rare offering in Thurston County. This 145+ gross acre property spans several parcels and is zoned RRR 1/5 (one dwelling unit per five acres) with incredible development potential! The land features Mount Rainier views from most of the property and frontage on multiple public roads. Predominantly flat, well-drained pastureland and currently in agricultural classification for low taxes. A completed critical areas study identifies roughly 134 net acres available after wetland, stream, and prairie buffers, supporting a preliminary lot yield in the low-to-mid 20s. Five legal lots of record already exist across the six parcels, existing private well and septic infrastructure, and a neighboring large-lot plat proceeding on individual well/septic systems all provide useful precedent for underwriting. Full due diligence package - title commitment, critical areas reports, and parcel-level detail available on request. For multi-home and working farm use: The same 1-per-5-acre zoning that supports subdivision also supports multiple residences on the property without platting a single lot. The existing farmhouse and barn anchor a working farmstead, with room across the acreage for additional homesites, pasture for livestock, and space for hay or crop production. Whether the plan is a phased development or a large-scale private compound with multiple homes, this property offers the acreage, zoning, and utility infrastructure to make it possible!

Location & commute

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

Directions

Property details

Listing details

Listing number
#2565412
Listed
August 17, 2026
Days on market
0
Price per sq ft
$790

Unit & building

Unit levels
Two

Parking

Parking
Detached CarportDriveway
Covered spaces
8
Total spaces
16

Views

View
MountainsTerritorial

Construction

Year built
1901
Style
12 - 2 Story
Structure
House
Roof
Metal

Heating & cooling

Heating
Radiant
Cooling
None
Energy source
Electric

Interior features

Features
Water Heater

Flooring

Flooring
Softwood

Lot

Lot features
PavedValue In Land
Lot size
6,318,814 sq ft

Terms

Terms offered
CashConventionalSee Remarks

Utilities

Water
well
Sewer
septic
Power
PSE

Schools

District
Yelm
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

Listing history

  1. Listed

    $2,850,000

    August 17, 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

$16,596

Principal & interest
$14,411
Property tax (est.)
$2,185

Assumes $570,000 down (20%), a $2,280,000 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 August 18, 2026 at 12:45 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.