About this home

Magnificent 5.5-acre Oyster Bay waterfront parcel ready for your dream build! All the heavy lifting is complete, offering a rare opportunity to create your custom retreat in a quintessential Pacific Northwest setting. Enjoy exceptional privacy, abundant wildlife, and serene waterfront surroundings. Current owners have navigated the extensive permitting process, securing a Reasonable Use Exception and conditional septic approval--saving you significant time and uncertainty. A defined building envelope is in place for a 4-bedroom home, positioned to capture peaceful water views. Located in the desirable Griffin School District, this property combines natural beauty with convenience. Bring your plans and start building! Shown by appointment only. Please contact your broker to schedule a tour. No drive-bys or trespassing.

Schools

Elementary

Griffin Elem

Middle

Griffin Mid School

High

Buyer To Verify

Property details

View: Bay, Sound
Water source: Drilled Well, Private Well
Sewer: Not Available
Utilities: Electricity Available, Septic Design Applied

Costs

Annual taxes: $1,409 (2025)

Estimate your monthly payment

$2,140/mo

Principal & interest: $2,023
Property taxes: $117

Down payment (20%) $80,000 Interest rate (%) Loan term (years)

Loan amount $320,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Olympia, WA 98502

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Century 21 Van Dorm Realty— Michael T. Smith.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.