427 38th Avenue NE, Olympia, WA 98506

• 3 beds |
• 3 baths |
• 4,033 sqft

Property Description

Waterfront living reaches a new level at this extraordinary Budd Inlet property. Tucked away on 2.5 acres with 143 feet of shoreline, this one-of-a-kind estate offers a front-row seat to spectacular sunsets, ever-changing marine activity, and panoramic mountain vistas—all just minutes from downtown Olympia. Inside, the 4,033 sq ft residence blends comfort and functionality with generous living spaces, walls of glass, skylights, and a layout designed to keep the water in view. The main floor includes the owner's suite, featuring a fireplace, luxurious bath, and oversized wardrobe room. Two additional bedrooms, a recreation area, full bath, and private exterior access on the lower level create flexible living arrangements for guests or extended stays. Outdoor spaces were designed to be enjoyed year-round, with nearly 2,500 sq ft of decking, gathering areas, garden beds, fruit trees, a fire pit, and outdoor shower. Unique waterfront amenities include an extremely rare private dock and an impressive 1,200 sq ft boathouse, offering endless possibilities for entertaining, hobbies, storage, or simply enjoying life on the water. The home is fully wired for a generator, providing added peace of mind, and the upper portion of the property offers ample space for RV and boat parking. Watch bald eagles soar overhead, spot otters along the shoreline, and enjoy the serenity that comes with owning one of the area's most distinctive waterfront properties. No HOA.

Listing Status:

Pending

Data Last Updated:

July 6, 2026 at 4:19AM

Listing Office:

eXp Realty : 888-317-5197

Listing Agent:

Marcus Rothwell : 888-317-5197

MLS ID:

2542123

Interior

• General: Bath Off PrimaryDbl Pane/Storm WindowDining RoomFireplaceFireplace (Primary Bedroom)French DoorsPantrySecurity SystemSkylight(s)Vaulted Ceiling(s)Walk-In Closet(s)Water HeaterWired for Generator
• Appliances: DishwasherDryerMicrowaveRefrigeratorStove(s)/Range(s)Tankless Water HeaterTrash CompactorWasher
• Basement: DaylightFinished
• Flooring: Ceramic TileHardwoodVinylCarpet
• A/C: Heat Pump
• Heating: 90%+ High EfficiencyForced AirHeat Pump
• Fireplace: GasFireplaceFireplaces: 3

Exterior

• General: Stucco
• Parking: Attached CarportDetached GarageRV ParkingParking spaces: 5

Construction

• Roofing: Metal
• General: OnePoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Olympia
• County: Thurston

Lot

• Topography: LevelPartial SlopeRolling
• Zoning: 52500600301
• View: BayMountainsSoundView

Utilities

• Water: Individual Well
• Sewer: Septic Tank

Financial

• Source: nwmls