About 5508 South Bay Terrace Drive Ne
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 direct access to the waterfront grounds. The finished garage features epoxy flooring with ample hobby-craft space. Fully landscaped grounds include new premium wood and wrought iron fencing, a vegetable garden, and a private orchard with mature apple, pear, and cherry trees. The children's area ensures fun for all. Rare, grandfathered assets include a floating boat dock and fully owned tidelands—providing exceptional privacy. A brand-new architectural roof and professionally permitted Generac standby generator with a 240-gallon propane system provide lasting peace of mind-whatever the season. Only minutes from Olympia's dynamic urban core, this is truly an incomparable waterfront property.
Features of 5508 South Bay Terrace Drive Ne
| MLS® # | 2572068 |
|---|---|
| Price | $1,450,000 |
| Bedrooms | 3 |
| Bathrooms | 2.75 |
| Full Baths | 2 |
| Square Footage | 3,329 |
| Acres | 1.30 |
| Year Built | 1968 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 5508 South Bay Terrace Drive Ne |
|---|---|
| Area | 445 - Boston Harbor |
| Subdivision | Henderson Inlet |
| City | Olympia |
| County | Thurston |
| State | WA |
| Zip Code | 98516 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | Driveway, Attached Garage, RV Parking |
| View | Bay, Sound, Territorial |
| Is Waterfront | Yes |
| Waterfront | Low Bank, Bayfront, Sound |
Interior
| Interior Features | Second Kitchen, Bath Off Primary, Fireplace, Pantry, Security System, Water Heater, Wine/Beverage Refrigerator, Wired for Generator |
|---|---|
| Appliances | Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer |
| Heating | 90%+ High Efficiency, Forced Air, Heat Pump |
| Cooling | Heat Pump |
| Fireplace | Yes |
| # of Fireplaces | 2 |
| Fireplaces | Gas |
Exterior
| Exterior Features | Wood |
|---|---|
| Lot Description | Dead End Street, Paved, Secluded |
| Foundation | Poured Concrete |
School Information
| District | North Thurston |
|---|
Additional Information
| Date Listed | September 3rd, 2026 |
|---|---|
| Days on Market | 1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Realty One Group Bold |
|---|