12306 Bald Hill Rd SE, Yelm, WA 98597
Listed by Cat Larrow, Homestead Home Group
$2,850,000
$790 per sq ft
12306 Bald Hill Rd SE, Yelm, WA 98597
Yelm, WA, 98597
- Baths
- 0
- Sq ft
- 3,608
- Built
- 1901
- Parking
- 16 spaces
Tour this home
Jeff Reynolds · Managing Broker, Compass
Start with a focused 15-minute call, then tour with a clear due-diligence plan.
- 0
- Bathrooms
- 3,608
- Square feet
- $790
- Per sq ft
- Farm & Ranch
- Type
- 1901
- Year built
- 6,318,814 sq ft
- Lot
- 0
- Days on market
About this property
Welcome to Reichel Farm - A rare working cattle operation in Thurston County: 145.06 gross acres, fully fenced, with prime pasture and strong hay potential. The property is anchored by a massive barn and outbuildings, an existing farmhouse, and a private well and septic system already in place. Predominantly flat, well-drained, and currently held under agricultural tax classification, with Mount Rainier views from most of the acreage and frontage on multiple public roads. For farmers and compound-living buyers: Zoned RRR 1/5 (one dwelling unit per five acres), the property supports multiple residences across the acreage without any subdivision required, ideal for buyers looking to move several households onto the same property. The existing farmhouse and barn provide a ready-made operational base, with room to build additional homes, expand grazing or hay ground, and keep the whole operation under one deed. Fencing, water, and septic infrastructure already support the working farm as-is.Development potential: The same acreage also carries development upside. A completed critical areas study identifies roughly 134 net acres available after wetland, stream, and prairie buffers, with a preliminary yield in the low-to-mid 20s in lots. Full due diligence materials available on request for buyers who want to evaluate that path alongside continued agricultural use.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2565417
- Listed
- August 17, 2026
- Days on market
- 0
- Price per sq ft
- $790
Unit & building
- Unit levels
- Two
Parking
- Covered spaces
- 8
- Total spaces
- 16
Construction
- Year built
- 1901
- Style
- 12 - 2 Story
- Structure
- House
- Roof
- Metal
Heating & cooling
- Heating
- Radiant
- Cooling
- None
- Energy source
- Geothermal
Appliances
- Appliances
- See Remarks
Lot
- Lot features
- Paved
- Lot size
- 6,318,814 sq ft
Terms
- Terms offered
- CashConventionalFarm Home LoanSee Remarks
Utilities
- Sewer
- Septic Tank
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.