Active

Listed by:

Spence Weigand,

Virgil Adams Real Estate, Inc.,

Nate Burgher,

Virgil Adams Real Estate, Inc.

$905,000

8031 Kerbaugh Road NE, Olympia, WA 98516

--beds

--baths

16.47Acres

Unimproved Land

Built in ----

16.47 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Private waterfront parcelOwnership of the tidelandsMarketable timber

First time on market since the Hoover administration! Ultra-rare large estate-sized and private waterfront parcel on desirable Johnson Point! Splendid views of Henderson Inlet and the Olympics, and approximately 500' of gorgeous gravelly beachfront plus ownership of the tidelands. Zoned 1 unit per 5 acres. There is definitely marketable timber but no timber cruise has been done. This is the perfect palette for your "statement" home!

1119 days

455

19

Facts & features

Interior

Features

Has fireplace: No

Interior area

Total structure area: 0

Property

Features

Has view: Yes
View description: Bay, Mountain(s), Sound
Has water view: Yes
Water view: Bay,Sound
Waterfront features: Medium Bank, Bayfront, Saltwater, Sound
Frontage length: Waterfront Ft: 500' Henderson Inlet

Lot

Size: 16.47 Acres
Features: Dead End Street, Paved, Secluded, Comm. Grade Timber, Evergreens, Heavily Forested, Partially Cleared
Topography: Level,Sloped

Details

Parcel number: 11908410103
Zoning: RRR 1/5
Zoning description: Residential,Jurisdiction: County
Special conditions: Standard

Utilities & green energy

Electric: In Street
Gas: Not Available
Sewer: Not Available
Water: Well Needed
Utilities for property: Electricity Available

Community & HOA

Community

Subdivision: Johnson Point

Location

Region: Olympia

Financial & listing details

Tax assessed value: $906,900
Annual tax amount: $7,021
Date on market: 5/22/2023
Cumulative days on market: 1007 days
Listing terms: Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/19/2025	Listed for sale	$905,000
Source: NWMLS #2031845 Report a problem
7/31/2025	Pending sale	$905,000
Source: NWMLS #2031845 Report a problem
5/3/2025	Listed for sale	$905,000
Source: NWMLS #2031845 Report a problem
4/10/2025	Listing removed	$905,000
Source: NWMLS #2031845 Report a problem
4/13/2024	Listed for sale	$905,000
Source: NWMLS #2031845 Report a problem
3/6/2024	Pending sale	$905,000
Source: NWMLS #2031845 Report a problem
7/9/2023	Price change	$905,000-8.6%
Source: NWMLS #NWM2031845 Report a problem
1/31/2023	Listed for sale	$990,000
Source: NWMLS #2031845 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$9,885 +23.7%	$906,900 +8.2%
2023	$7,993 +27.6%	$838,000 +29.3%
2022	$6,264 -10.8%	$647,900 +6.7%
2021	$7,021 +18%	$607,300 +27.3%
2020	$5,949 +6.7%	$477,000 -23.7%
2019	$5,575 -15.8%	$625,200 +23.1%
2018	$6,619 +10.9%	$508,000 +17%
2017	$5,971	$434,250 -7.6%
2016	$5,971	$470,200 +4.2%
2014	$5,971	$451,200

Find assessor info on the county website

BuyAbility℠ payment

Estimated monthly payment

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