427 38th Avenue NE

Olympia, WA 98506

  • 3 Bed

  • 1.5 Bath

  • 4033 SqFt

  • 1 DOM

  • Built: 1997

  • Status: Active

$2,000,000

X

427 38th Avenue NE

Olympia 98506

$2000000

  • 3 Bed

  • 1.5 Bath

  • 4033 SqFt

  • 1 DOM

  • Built: 1997

  • Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

Rare Budd inlet salt waterfront home on 2.5 private acres perfectly located just 4 miles from downtown Olympia & all conveniences. This 4,033 sqft custom home offers a commanding unobstructed view of the Sound and the Olympics from every room. Starting with the grand port-cochè entrance, the home exudes understated elegance: custom furniture designed specifically for this home, primary bedroom w/huge luxurious en suite spa-inspired bath w/elegant soaking tub and expansive glass-enclosed shower & most amazing grand closet, high ceilings with crown molding, 3 fireplaces, including one in the primary bedroom, skylights, walls of windows, it's bright & airy. The main level floor plan allows for one level living for occupants challenged by the stairs. Finished daylight basement features 2 spacious bedrooms, rec room, bath, its own entry and, of course, the view, could easily be converted to separate apartment or be used by friends & paying guests. 1200 sq ft iconic boathouse w/utilities is perfect for hosting grand soirees or intimate sunset dinners. It has even been used as a wedding venue. 3 decks totaling 2,496 sqft, fire pit, outside shower, diving closet, garden space, fruit trees, wired for hot tub, & so much more. With 143 ft of easy access low bank shore, this is one of the widest waterfront lots in the area and an opportunity to witness nature at its finest with regular visits from whales, eagles, and sea otters. No HOA. Offered significantly under assessed value.

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Residence Information

  • 4033

  • 3/Gas

  • 3

  • 1

  • 1

  • 1.5

  • Metal

  • 16 - 1 Story w/Bsmnt.

  • 1997

  • Daylight, Finished

  • Daylight, Finished

  • Poured Concrete

Features and Utilities

  • Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Tankless Water Heater, Trash Compacto

  • Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, Fireplace (Primary Bedroom), French

  • Stucco

  • Shared Well

  • Septic Tank

Financial

  • 26809

  • Cash, Conventional, VA Loan

  • 04-13-2026

Comparable Information

  • 1

  • 1

  • Cash, Conventional, VA Loan

  • $2,000,000

  • $2,000,000

  • Apr 14, 2026 12:01

Schools

Elementary : Boston Harbor E N/A Ratings
Middle : Reeves Mid N/A Ratings
High : Olympia High N/A Ratings

Map

Listing courtesy of Signature Service RE Olympia.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: Apr 14, 2026 12:45 | Listing last modified Apr 14, 2026 12:01. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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