12306 Bald Hill Road SE, Yelm, WA 98597
Listed by Cat Larrow, Homestead Home Group
$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
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.
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
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.
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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.