427 38th Avenue NE, Olympia, WA 98506

• 3 beds |
• 3 baths |
• 4,033 sqft

Property Description

Rare Budd inlet salt waterfront home on 2.5 private acres perfectly located just 4 miles from downtown Olympia & all conveniences. This 4,033 sqft custom home offers a commanding unobstructed view of the Sound and the Olympics from every room. Starting with the grand port-cochè entrance, the home exudes understated elegance: custom furniture designed specifically for this home, primary bedroom w/huge luxurious en suite spa-inspired bath w/elegant soaking tub and expansive glass-enclosed shower & most amazing grand closet, high ceilings with crown molding, 3 fireplaces, including one in the primary bedroom, skylights, walls of windows, it's bright & airy. The main level floor plan allows for one level living for occupants challenged by the stairs. Finished daylight basement features 2 spacious bedrooms, rec room, bath, its own entry and, of course, the view, could easily be converted to separate apartment or be used by friends & paying guests. 1200 sq ft iconic boathouse w/utilities is perfect for hosting grand soirees or intimate sunset dinners. It has even been used as a wedding venue. 3 decks totaling 2,496 sqft, fire pit, outside shower, diving closet, garden space, fruit trees, wired for hot tub, & so much more. With 143 ft of easy access low bank shore, this is one of the widest waterfront lots in the area and an opportunity to witness nature at its finest with regular visits from whales, eagles, and sea otters. No HOA. Offered significantly under assessed value.

Listing Status:

Active

Data Last Updated:

May 21, 2026 at 3:19AM

Listing Office:

Signature Service RE Olympia : 360-446-4646

Listing Agent:

Bo Foster : 360-446-4646

MLS ID:

2499150

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
• Style: Contemporary
• Parking: Attached CarportAttached 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
• Waterfront: 143

Utilities

• Water: Shared Well
• Sewer: Septic Tank

Financial

• Source: nwmls