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MLS: #NWM2433603, Listed By: Jim Bennett, RE/MAX Parkside Affiliates, Source:NWMLS - Northwest Multiple Listing Service

0 X Gravelly Beach Loop

Olympia, WA 98502
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Acres40.00

Acres(Lot)

Wonderful 40-acre parcel just off Steamboat Island Road. Current zoning is RRR 1/5, this property offers multiple prime building sites to choose from. A Wetland Reconnaissance has already been completed by Land Services Northwest. Whether you’re looking for a private setting to build your dream home or considering a large lot subdivision, this is a must-see. The parcel features a mix of timber and open ground, providing versatile options for development. Ideally located just minutes from downtown Olympia, yet offering privacy and tranquility. This is the WEST parcel, adjoining an additional 40-acre and 60.8-acre parcel to the East. Purchase all three parcels together to create a rare, expansive private estate in this highly desirable area.

Detail Ic Property Details

Property Type : Land

Price : $650,000

AD Id : 67034601

MLS Id : NWM2433603

Lot Size : 40.00 Acres(Lot)

County : Thurston

Subdivision: Rainbow Lakes Estates Sec I

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Feature Features

  • Water Source

    WaterSource: Well Needed

  • Lot Information

    Lot Description: Paved, Secluded Lot Square Feet: 1742400 Lot Acres: 39.9999

    Property Information

    Property Type: Land Sub Type: Land Structure Type: Unspecified

  • Listing Price Information

    Original List Price:$650000

  • Tax Information

    Annual Tax: $57 Tax Year: 2025 Parcel Number: 12930110000

  • School Information

    Elementary School: Griffin Elem Junior High School: Griffin Mid School Senior High School: Capital High
  • Utility Information

    Electricity Available Sewer: Not Available Water Source: Well Needed
  • Location Information

    Subdivision: Steamboat Island City: Olympia Direction: From Olympia go to Hwy 101 driving Northwest, take exit at Steamboat Island Road, right on Gravelly Beach Road, right onto Gravelly Beach Loop NW to property on the left.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
9524 Maple Beach Lane, Olympia, WA, 98502 $315,000 -- -- -- 0.81 Acre(Lot)
2201 Westwind Dr Nw, Olympia, WA, 98502 $59,900 -- -- -- 0.28 Acre(Lot)
2418 Crestridge Drive, Olympia, WA, 98502 $49,000 -- -- -- 0.21 Acre(Lot)
9821 Mariner Drive, Olympia, WA, 98502 $33,000 -- -- -- 0.25 Acre(Lot)
9810 Channel Drive, Olympia, WA, 98502 $59,950 -- -- -- 0.19 Acre(Lot)
1730 Island Drive, Olympia, WA, 98502 $149,900 -- -- -- 0.25 Acre(Lot)
8721 Salty Drive, Olympia, WA, 98502 $500,000 -- -- -- 9.87 Acres(Lot)
8511 Schirm Road, Olympia, WA, 98502 $395,000 -- -- -- 6.61 Acres(Lot)
8505 Schirm Road, Olympia, WA, 98502 $385,000 -- -- -- 5.02 Acres(Lot)
8600 Steamboat Island R.., Olympia, WA, 98502 $270,000 -- -- -- 8.65 Acres(Lot)
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ByOwner last updated this listing 06/10/2026 @ 06:20

MLS: NWMLS #2433603 LISTED BY: Jim Bennett, RE/MAX Parkside Affiliates 360-754-7090 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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