MLS: #NWM2572068, Listed By: James Clerget, Realty One Group Bold, Source:NWMLS - Northwest Multiple Listing Service
5508 South Bay Terrace Drive
Olympia, WA 98516
3
Bed
3
Bath
3,329Sqft
1.30Acres(Lot)
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 direc
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedroom: 3Bathroom Information
Total Baths: 3 Full Baths: 2Interior Features
Second Kitchen, Bath Off Primary, Fireplace, Pantry, Security System, Water Heater, Wine/Beverage Refrigerator, Wired for Generator Roof: Composition, See Remarks Appliances: Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), WasherRoofing Information
Composition, See Remarks -
Flooring Information
Flooring: Vinyl, Carpet Construction Materials: Wood -
Heating & Cooling
Heating: 90%+ High Efficiency, Forced Air, Heat Pump Has Heating: Yes Cooling: Heat Pump Has Cooling: Yes Water front: 1 WaterSource: Community
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Building Information
Year Built: 1968 -
Exterior Features
Wood Construction Materials: Wood Foundation Details: Poured Concrete
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Lot Information
Lot Description: Dead End Street, Paved, Secluded Lot Square Feet: 56628 Lot Acres: 1.3Property Information
Property Type: Residential Sub Type: Single Family Residence Structure Type: House
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Listing Price Information
Original List Price:$1450000
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Tax Information
Annual Tax: $10563 Tax Year: 2026 Parcel Number: 75400000400
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Virtual Tour
Parking Information
Total Parking: 2 Driveway, Attached Garage, RV ParkingGarage Information
Has Garage: Yes
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Utility Information
Sewer: Septic Tank Water Source: Community -
Location Information
Subdivision: Henderson Inlet City: Olympia Direction: GPS shows location: From I-5, exit to North on Sleater Kinney, right on 54th Ave SE into South Bay Terrace community. Road bends left to South Bay Terrace Drive. Home on waterside/right.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4702 Luhr Road, Olympia, WA, 98516 | $1,695,000 | 3 | 3 | 3,312 | 1.82 Acres |
| 4430 John Luhr Road, Olympia, WA, 98516 | $769,900 | 3 | 3 | 3,152 | 0.53 Acre |
| 5325 Illahee Lane, Olympia, WA, 98516 | $1,565,000 | 4 | 4 | 3,524 | 2.15 Acres |
| 4646 Twisted Tree Lane, Olympia, WA, 98516 | $1,249,000 | 5 | 4 | 3,165 | 6.92 Acres |
| 5246 Yearley Drive, Olympia, WA, 98516 | $375,000 | 2 | 2 | 972 | 0.12 Acre |
| 5047 Carole Drive, Olympia, WA, 98516 | $515,000 | 2 | 2 | 1,440 | 0.14 Acre |
| 5047 Marian Drive, Olympia, WA, 98516 | $415,000 | 3 | 2 | 1,050 | 0.13 Acre |
| 5006 Marian Drive, Olympia, WA, 98516 | $420,000 | 2 | 1 | 1,292 | 0.21 Acre |
| 4830 Beverly Drive, Olympia, WA, 98516 | $494,950 | 2 | 2 | 1,956 | 0.18 Acre |
| 4804 Beverly Drive, Olympia, WA, 98516 | $584,900 | 3 | 3 | 1,802 | 0.60 Acre |
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ByOwner last updated this listing 09/05/2026 @ 06:20
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