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    • Listed by: Coldwell Banker Bain
    $1,395,000

    18222 SE Wax Road, Covington, WA 98042

    5beds
    1,950sqft
    : 
    Single Family Residence
    Built in 1990
    8.16 Acres Lot
    $1,395,500 Zestimate®
    $715/sqft
    $-- HOA

    What's special

    Discover a rare opportunity in Covington—8.6 acres of fully fenced and cross-fenced, level pasture offering privacy, flexibility, and rental income potential. A long, private driveway—recently paved with asphalt (a $70K investment)—extends over a quarter mile, creating an impressive and serene approach to the property. Along the way, you’ll cross gently flowing Jenkins Creek, a picturesque low-bank stream that is not located within a flood zone. The 1,950 square foot home features 3 bedrooms and 2 full bathrooms, providing comfortable everyday living surrounded by natural beauty, with the added luxury of a fully functional sauna for relaxation and wellness. A standout feature of this property is the expansive 4,000 square foot shop, offering parking for 10+ vehicles, abundant storage, and an overhead loft. The structure also presents exceptional flexibility for multi-generational living or income potential, with two large bedrooms and two bathrooms already in place—ideal for extended living or possible rental use. The level pastureland offers additional opportunity, whether for livestock, recreation, or leasing for supplemental income. This unique property combines usable acreage, functional outbuildings, and income-producing potential, for rental of two bedrooms complete with their own bathrooms, and pasture rental—all in a peaceful Covington setting.
    5 days
    |
    704
    |
    46
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    William Albright,

    Coldwell Banker Bain

    Source: NWMLS as distributed by MLS GRID,MLS#: 2503186MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      • Main level bathrooms: 1
      • Main level bedrooms: 2
      Primary bedroom
      • Level: Second
      Bedroom
      • Level: Second
      Bedroom
      • Level: Second
      Bedroom
      • Level: Main
      Bedroom
      • Level: Main
      Bathroom full
      • Level: Main
      Bathroom full
      • Level: Second
      Bathroom full
      • Level: Garage
      Bathroom full
      • Level: Garage
      Entry hall
      • Level: Main
      Family room
      • Level: Main
      Kitchen with eating space
      • Level: Main
      Living room
      • Level: Main
      Utility room
      • Level: Main
      Heating
      • Heat Pump, High Efficiency (Unspecified), Electric
      Cooling
      • Heat Pump
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s)
      Features
      • Sauna
      • Flooring: Hardwood, Laminate
      • Windows: Skylight(s)
      • Has fireplace: No
      • Fireplace features: Electric, Gas, Wood Burning
      Interior area
      • Total structure area: 1,950
      • Total interior livable area: 1,950 sqft

      Property

      Parking
      • Total spaces: 10
      • Parking features: Attached Garage, Detached Garage, RV Parking
      • Has attached garage: Yes
      • Covered spaces: 10
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: Main
      • Patio & porch: Sauna, Security System, Skylight(s)
      • Has view: Yes
      • View description: River, Territorial
      • Has water view: Yes
      • Water view: River
      • Waterfront features: Low Bank, Creek, No Bank
      Lot
      • Size: 8.16 Acres
      • Features: Cable TV, Fenced-Fully, Gated Entry, High Speed Internet, Outbuildings, Patio, RV Parking, Shop
      • Topography: Level,Partial Slope
      • Residential vegetation: Fruit Trees, Garden Space, Pasture
      Details
      • Parcel number: 1922069129
      • Zoning description: Jurisdiction: County
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: 2 Story
      • Property subtype: Single Family Residence
      Materials
      • Cement Planked, Cement Plank
      • Foundation: Poured Concrete
      • Roof: Composition
      Condition
      • Very Good
      • Year built: 1990
      • Major remodel year: 1990

      Utilities & green energy

      • Sewer: None
      • Water: Individual Well, Private

      Community & HOA

      Community
      • Security: Security System
      • Subdivision: Covington
      Location
      • Region: Covington

      Financial & listing details

      • Price per square foot: $715/sqft
      • Tax assessed value: $1,219,000
      • Annual tax amount: $12,913
      • Date on market: 4/9/2026
      • Cumulative days on market: 9 days
      • Listing terms: Conventional,FHA,See Remarks,VA Loan
      • Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
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        Estimated market value

        $1,395,500

        $1.33M - $1.47M

        $3,391/mo

        Price history

        DateEventPrice
        4/13/2026Listed for sale$1,395,000+26.8%$715/sqft
        Source: NWMLS as distributed by MLS GRID #2503186 Report a problem
        2/18/2022Sold$1,100,000+10%$564/sqft
        Source: NWMLS as distributed by MLS GRID #1878976 Report a problem
        1/31/2022Pending sale$1,000,000$513/sqft
        Source: NWMLS as distributed by MLS GRID #1878976 Report a problem
        1/31/2022Listed for sale$1,000,000$513/sqft
        Source: NWMLS as distributed by MLS GRID #1878976 Report a problem
        1/23/2022Pending sale$1,000,000$513/sqft
        Source: NWMLS as distributed by MLS GRID #1878976 Report a problem
        1/20/2022Listed for sale$1,000,000-27.3%$513/sqft
        Source: NWMLS as distributed by MLS GRID #1878976 Report a problem
        11/21/2017Listing removed$1,375,000$705/sqft
        Source: Teambuilder KW #1217496 Report a problem
        11/10/2017Pending sale$1,375,000$705/sqft
        Source: Teambuilder KW #1217496 Report a problem
        11/5/2016Price change$1,375,000-23.6%$705/sqft
        Source: Caliber Real Estate #1014653 Report a problem
        9/20/2016Pending sale$1,800,000$923/sqft
        Source: Caliber Real Estate #1014653 Report a problem
        9/13/2016Price change$1,800,000-14.3%$923/sqft
        Source: Caliber Real Estate #1014653 Report a problem
        8/16/2016Listed for sale$2,100,000+881.3%$1,077/sqft
        Source: Caliber Real Estate #1014653 Report a problem
        10/7/2011Sold$214,000-6.6%$110/sqft
        Source: NWMLS as distributed by MLS GRID #243557 Report a problem
        9/28/2011Pending sale$229,000$117/sqft
        Source: Windermere Real Estate/East, Inc. #243557 Report a problem
        9/15/2011Price change$229,000-9.8%$117/sqft
        Source: Windermere Real Estate/East, Inc. #243557 Report a problem
        9/9/2011Listed for sale$254,000$130/sqft
        Source: Windermere Real Estate/East, Inc. #243557 Report a problem
        8/15/2011Pending sale$254,000$130/sqft
        Source: Windermere Real Estate/East, Inc. #243557 Report a problem
        7/20/2011Price change$254,000-9%$130/sqft
        Source: Windermere Real Estate/East, Inc. #243557 Report a problem
        7/2/2011Listed for sale$279,000+91.1%$143/sqft
        Source: Windermere Real Estate/East, Inc. #243557 Report a problem
        6/8/2011Sold$146,000-91.4%$75/sqft
        Source: Public Record Report a problem
        10/6/2005Sold$1,700,000+771.8%$872/sqft
        Source: Public Record Report a problem
        9/9/1997Sold$195,000$100/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$11,712 +6.4%$1,219,000 +11.9%
        2023$11,008 -7.9%$1,089,000 -9.4%
        2022$11,949 +3%$1,202,000 +17.2%
        2021$11,598 +21.8%$1,026,000 +29.1%
        2020$9,520 +5.7%$795,000 +6%
        2019$9,008 +13.8%$750,000 +5.9%
        2018$7,917 +0.3%$708,000 +11.5%
        2017$7,897 +15.3%$635,000 +9.7%
        2016$6,847 $579,000 +9.5%
        2015$6,847 $529,000 +6.4%
        2014$6,847 $497,000 +20%
        2013$6,847 $414,000 +7.5%
        2012-- $385,000 -6.3%
        2011-- $411,000 -14%
        2010-- $478,000
        2009-- $478,000 +20.1%
        2007-- $398,000 +14.7%
        2006-- $347,000 +5.2%
        2005-- $330,000 +8.2%
        2001$4,389 +2.6%$305,000 +6.6%
        2000$4,276 $286,000

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $7,764/mo
        Principal & interest
        $6811
        Property taxes
        $953
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          Climate risks

          Neighborhood: 98042

          Getting around

          6 / 100
          Car-Dependent
          22 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Crestwood Elem
          • Middle: Mattson Middle
          • High: Kentwood High

          Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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