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427 38th Avenue Ne, 
Olympia, WA 98506

$1,975,000


3

Beds


3

Baths


4,033

Sq Ft


Single Family

Active

Listed by

Bo Foster

Signature Service Re Olympia

Last updated:

May 20, 2026, 11:11 AM

MLS#

2499150

Source:

NWMLS

About This Home

427 38th Avenue Ne

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.

Home Facts

Single Family

3 Baths

3 Bedrooms

Built in 1997

Price Summary

1,975,000

$489 per Sq. Ft.

MLS #:

2499150

Last Updated:

May 20, 2026, 11:11 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

1

Interior

Living Area:

4,033 Sq. Ft.


Structure

Structure

Building Area:

4,033 Sq. Ft.

Year Built:

1997


Lot

Lot Size (Sq. Ft):

108,900


Finances & Disclosures

Finances

Price:

$1,975,000

Price per Sq. Ft:

$489 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 20, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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Contact an Agent

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If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.