For Sale1162d on market

8031 Kerbaugh Road NE

Olympia, WA, 98516 • 98516 • Thurston County

$905,000

16.5 acLot

Property DNA

4 highlights

Waterfront Property

Medium Bank, Bayfront, Saltwater, Sound

Scenic Views

Bay · Sound

Res-Over 1 Acre Style

Res-Over 1 Acre architecture

Johnson Point

98516

This home is getting attention

Listed 1162 days ago · 382 views · 16 saves

Market activity

Demand and pricing signals for this listing

382 views

People checking out this listing

16 saves

Buyers have saved this home

1162 days on market

Established listing

About this home

Lot

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!

Standout features identified

Our analysis highlights private waterfront parcel, ownership of the tidelands, and marketable timber as key attractions of this home.

Estimated monthly payment

Based on current rates

$5,632/month

Principal & Interest$4,425

Property Tax$905

Insurance$302

Down payment20% ($181,000)

3%50%

Est. 6.18% rate · 30yr fixed · $724,000 loan

Full calculator →

At a glance

Key facts and listing details

Property

Home typeLot

Sub-typeUnimproved Land

StyleRes-Over 1 Acre

Systems

Water / SewerWell Needed / Not Available

Parking & Outdoor

Lot16.47 Acres

Location & Tax

Neighborhood98516

ZoningRRR 1/5

Annual tax$7,021

Parcel11908410103

Features & details

4 categories of property features

Exterior Features

Lot Features

Dead End Street

Paved

Secluded

Comm. Grade Timber

Evergreens

Heavily Forested

Partially Cleared

Views

Bay

Sound

Utilities

Electricity Available

Gas

Not Available

Listing insights

Market data and value estimates

StatusFor Sale

Days on market1162

Tax rate0.81%

On marketMay 23, 2023

PostedJan 31, 2023

MLS statusActive

MLS updatedFeb 16, 2026

Tour days6

Favorites16

How are the schools in Olympia?

3 schools rated nearby

South Bay Elementary School

Primary • Public • PK-5

4.3 mi

Chinook Middle School

Middle • Public • 6-8

6.5 mi

North Thurston High School

High • Public • 9-12

6.6 mi

Location

Olympia, WA, 98516

Expand map

Price history

8 events

DateEventPrice$/sqftSource

Sep 19, 2025Listed For Sale$905,000—NWMLS as distributed by MLS GRID

Jul 31, 2025Pending Sale$905,000—NWMLS as distributed by MLS GRID

May 3, 2025Listed For Sale$905,000—NWMLS as distributed by MLS GRID

Apr 10, 2025Listing Removed$905,000—NWMLS as distributed by MLS GRID

Apr 13, 2024Listed For Sale$905,000—NWMLS as distributed by MLS GRID

Mar 6, 2024Pending Sale$905,000—NWMLS as distributed by MLS GRID

Jul 9, 2023Price Change$905,000—NWMLS as distributed by MLS GRID

Jan 31, 2023Listed For Sale$990,000—NWMLS as distributed by MLS GRID

Listed For Sale$905,000

Sep 19, 2025•NWMLS as distributed by MLS GRID

Pending Sale$905,000

Jul 31, 2025•NWMLS as distributed by MLS GRID

Listed For Sale$905,000

May 3, 2025•NWMLS as distributed by MLS GRID

Listing Removed$905,000

Apr 10, 2025•NWMLS as distributed by MLS GRID

Listed For Sale$905,000

Apr 13, 2024•NWMLS as distributed by MLS GRID

Pending Sale$905,000

Mar 6, 2024•NWMLS as distributed by MLS GRID

Price Change$905,000

Jul 9, 2023•NWMLS as distributed by MLS GRID

Listed For Sale$990,000

Jan 31, 2023•NWMLS as distributed by MLS GRID

Tax history

10 years of records

YearTax paidAssessed value

Apr 7, 2024$9,885$906,900

Apr 7, 2023$7,993$838,000

Apr 7, 2022$6,264$647,900

Apr 7, 2021$7,021$607,300

Apr 7, 2020$5,949$477,000

Apr 7, 2019$5,575$625,200

Apr 7, 2018$6,619$508,000

Apr 7, 2017$5,971$434,250

Apr 7, 2016$5,971$470,200

Apr 7, 2014$5,971$451,200

Nearby homes

Recently Sold

$599,900

7913 Kerbaugh Rd NE, Olympia, WA

For Sale

$695,000

4 bd3 ba1,820 sqft

8131 Kerbaugh Rd NE, Olympia, WA

Recently Sold

$2,300,000

4 bd5 ba5,264 sqft

8137 Kerbaugh Rd NE, Olympia, WA

Recently Sold

$932,000

4 bd3 ba3,549 sqft

7844 Kerbaugh Rd NE, Olympia, WA

Recently Sold

$2,200,000

4 bd4 ba4,592 sqft

8241 Kerbaugh Rd NE, Olympia, WA

Recently Sold

$632,500

3 bd2 ba2,095 sqft

7813 Johnson Point Rd NE, Olympia, WA

Recently Sold

$270,000

4808 83rd Ct NE, Olympia, WA

Recently Sold

$780,000

3 bd2 ba2,430 sqft

4910 83rd Ct NE, Olympia, WA

Neighborhood details

Local context around this listing

Olympia, WA • Thurston County

Nearby cities

BucodaCentraliaLaceyNisqually Indian CommunityOlympiaRainierRochesterTenino

Nearby zip codes

9832798503985099851398516

Similar homes

For Sale

$500,000

8721 Salty Drive NW, Olympia, WA

0 XXX Gravelly Beach Loop NW, Olympia, WA

For Sale

$799,000

0 XXX Gravelly Beach Loop NW, Olympia, WA

0 XX Gravelly Beach Loop NW, Olympia, WA

For Sale

$550,000

0 XX Gravelly Beach Loop NW, Olympia, WA

For Sale

$940,800

10 XX E Shetland Road, Shelton, WA

For Sale

$510,000

0 E Cottonwood Drive #40, Shelton, WA

3093 SE Kamilche Point Road, Shelton, WA

For Sale

$695,000

3093 SE Kamilche Point Road, Shelton, WA

For Sale

$468,000

0 E Wheelwright Street, Allyn, WA

For Sale

$989,000

916 73rd Avenue SE, Tumwater, WA

For Sale

$1,100,000

1515 Middle Street SE, Olympia, WA

For Sale

$1,150,000

7740 Prine Drive SW, Tumwater, WA

5415 53rd Street W, University Place, WA

For Sale

$1,200,000

5415 53rd Street W, University Place, WA

For Sale

$825,000

5012 Rural Road SW, Olympia, WA

For Sale

$699,900

7835 S Tacoma Way, Tacoma, WA

8106 Spurgeon Creek Road SE, Olympia, WA

For Sale

$950,000

3 bd2 ba2,164 sqft

8106 Spurgeon Creek Road SE, Olympia, WA

For Sale

$1,243,000

3601 48th Avenue Ct NW, Gig Harbor, WA

For Sale

$999,950

6940 Littlerock Road SW, Tumwater, WA

2411 Tumwater Boulevard SW, Tumwater, WA

For Sale

$1,100,000

2411 Tumwater Boulevard SW, Tumwater, WA

For Sale

$599,000

140 E Sullivan Street, Allyn, WA

For Sale

$500,000

5836 S Mason Avenue, Lakewood, WA

For Sale

$499,950

4232 S 34th Street, Tacoma, WA

Tour This Home

Pick a date

Preferred time

Apr 7, 2026

High demand — 382 people viewed this listing. Tours fill up fast.

No obligation · Same-day confirmation · Takes 30 seconds

Need a different time? Request custom scheduling

Have a Question?

Get details on this property, the neighborhood, or the buying process.

Ask About This Property

We typically respond within a few hours

Download property brochure

Photos, details & neighborhood info in one PDF

Get brochure

Free · No sign-up required

Get pre-approved

Know your budget & strengthen your offer

Check eligibility

Value estimates

Live

30yr rate est.6.18%

Affordability$5,409/mo

Accepted financing

Conventional

Own a home nearby?

See what it's worth in today's market

Get estimate

Based on information submitted to the MLS GRID as of 2026-04-07 04:43:30 PDT. 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. [Click here for more information](/mls-disclaimers/#39)

Schedule Tour Ask

No obligation · Same-day response