5508 South Bay Terrace Drive NE, Olympia, WA 98516

• 3 beds |
• 3 baths |
• 3,329 sqft

Property Description

Discover a rare 1.3-acre dual-parcel legacy estate in coveted South Bay Terrace. This 3,329-SF luxury home offers ~160 feet of low-bank saltwater frontage, a private bulkhead, and sweeping views across serene Henderson Inlet, up through Dana Passage. Ideally located near Boston Harbor and Woodard Bay Conservation Area, this sanctuary offers unrivaled access to Puget Sound’s most beautiful protected waters. Designed to frame the water from nearly every room, the home features a gourmet chef’s kitchen with granite countertops, hardwood finishes, a professional Viking range, and premium KitchenAid appliances. Expansive living areas are filled with natural light, while the daylight basement offers flexible space for multi-generational living, a home theater, or alfresco entertaining with direct access to the waterfront grounds. The finished garage features epoxy flooring with ample hobby-craft space. Fully landscaped grounds include new premium wood and wrought iron fencing, a vegetable garden, and a private orchard with mature apple, pear, and cherry trees. The children's area ensures fun for all. Rare, grandfathered assets include a floating boat dock and fully owned tidelands—providing exceptional privacy. A brand-new architectural roof and professionally permitted Generac standby generator with a 240-gallon propane system provide lasting peace of mind-whatever the season. Only minutes from Olympia's dynamic urban core, this is truly an incomparable waterfront property.

Listing Status:

Active

Data Last Updated:

September 5, 2026 at 7:19AM

Listing Office:

Realty One Group Bold : 360-634-8600

Listing Agent:

James Clerget : 360-634-8600

MLS ID:

2572068

Interior

• General: Second KitchenBath Off PrimaryFireplacePantrySecurity SystemWater HeaterWine/Beverage RefrigeratorWired for Generator
• Appliances: DishwasherDouble OvenDryerMicrowaveRefrigeratorStove(s)/Range(s)Washer
• Basement: Daylight
• Flooring: VinylCarpet
• A/C: Heat Pump
• Heating: 90%+ High EfficiencyForced AirHeat Pump
• Fireplace: GasFireplaceFireplaces: 2

Exterior

• General: Wood
• Parking: DrivewayAttached GarageRV ParkingParking spaces: 2

Construction

• Roofing: CompositionSee Remarks
• General: OnePoured Concrete

Location

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

Lot

• Topography: Partial SlopeTerraces
• Zoning: 75400000400
• View: BaySoundTerritorialView
• Waterfront: 160

Utilities

• Water: Community
• Sewer: Septic Tank

Financial

• Source: nwmls