427 38th Avenue NE, Olympia, WA 98506 (MLS # 2499150)

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Listing provided courtesy of Northwest MLS; Signature Service RE Olympia

PRICE $2,000,000 dsIDX morgage calculator
BEDS 3
BATHS 2.25
HOME SIZE 4,033 sqft
LOT SIZE 2.50 ac

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.

LAST UPDATED 4/13/2026 TRACT Boston Harbor
YEAR BUILT 1997 COMMUNITY Boston Harbor
COUNTY Thurston STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Boston Harbor Elem
Jr. High School Reeves Mid
High School Olympia High


ADDITIONAL DETAILS
AIR Heat Pump
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Microwave, Refrigerator, Tankless Water Heater, Trash Compactor, Washer, Water Heater
AREA 445 - Boston Harbor
BASEMENT Daylight, Finished, Yes
CONSTRUCTION Stucco
EXTERIOR Garden
FIREPLACE Yes
GARAGE Attached Garage, Yes
HEAT Electric, Forced Air, Heat Pump, Propane
INTERIOR Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, Fireplace (Primary Bedroom), French Doors, Pantry, Security System, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wired for Generator
LOT 2.5 acre(s)
LOT DESCRIPTION Dead End Street, Paved
LOT DIMENSIONS 142x625x14x616
MLS STATUS Active
PARKING Attached Carport, Attached, RV Access/Parking
SEWER Septic Tank
STORIES 1
STYLE 16 - 1 Story w/Bsmnt.
SUBDIVISION Boston Harbor
TAXES 26809
UTILITIES Cable Available
VIEW Yes
VIEW DESCRIPTION Bay, Mountain(s), Sound
WATER Shared Well
WATERFRONT Yes
WATERFRONT DESCRIPTION Waterfront
MORTGAGE CALCULATOR
   

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/14/26 12:37 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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