12990 Shady Glen Avenue SE · Olalla, WA 98359
Source: NWMLS · Engel & Volkers Chambers Bay · Carson Stewart #NWM2573163
About this home
Investor alert!!! This is an incredible investment opportunity to own a nearly 3 acre property in a prime location, just a couple minutes from Highway 16. The existing home on the property is a blank slate! While the partially finished bottom floor features 2 bedrooms, 1 bathroom, a fireplace and a functioning kitchen, the top floor is unfinished and ready to be transformed into the home of your dreams! Water and electricity run to the home already. The property is a beautiful, park-like setting with plenty of space for whatever your needs may be. The property has an existing individual well and septic tank. The driveway is in good shape and is gated for security. There are several open spaces on the property providing endless opportunities. There are multiple existing outbuildings on the property that could be revamped and used as shop space or storage. 1 car carport detached from the main home for covered parking. Ample flat RV parking and boat parking spaces. The serene property is quiet and feels secluded yet has easy access to Highway 16 for commuters and quick access to local amenities.
Location
Basics
- Property type
- Single Family Residence
- Style
- 2 Story
- Stories
- 2 stories
- Year built
- 1984
- Building area
- 2,280 sq ft
- Lot size
- 126,760 sq ft (2.91 acres)
- County
- Kitsap
- MLS #
- NWM2573163
Interior
- Heating
- Wall Furnace
- Cooling
- None
- Flooring
- Concrete
- Appliances
- Dishwasher, Refrigerator, Stove(s)/Range(s)
- Fireplace
- 1 · Wood Burning
- Interior features
- Dbl Pane/Storm Window, Dining Room, Fireplace, Water Heater
- Entry level
- Lower
Exterior & lot
- Exterior features
- Wood Products
- Roof
- Composition
- Foundation
- Poured Concrete
- Topography
- Partial Slope
- Waterfront
- No
Parking
- Parking spaces
- 1
- Carport
- Yes
- Covered spaces
- 1
- Parking features
- Detached Carport, Driveway, RV Parking
Utilities
- Water
- Individual Well
- Sewer
- Septic Tank
- Power
- Electric
Community & fees
- Subdivision
- Olalla
- Property tax
- $449 (2026)
Transaction
- Listed on
- Aug 24, 2026
- Days on market
- 7
- Listing terms
- Cash, Rehab Loan
- Possession
- Closing
More homes nearby
Schools
School district: South Kitsap
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- South Kitsap High SchoolSchoolDigger 3 stars · Top 36% in WA

Listing provided courtesy of: Engel & Volkers Chambers Bay
Listing agent: Carson Stewart.
Based on information submitted to the MLS GRID as of —. 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-01.