4940 78th Avenue NW · Olympia, WA 98502
Source: NWMLS · Morrison House Sotheby's Intl · Christina Keller #NWM2552545
About this home
Exceptional opportunity to own a 3-bedroom (2-bedroom septic), 4.5-bath, 4,262 sq. ft. waterfront retreat with 100 feet of low-tide beach frontage and nearly 180-degree panoramic views of Puget Sound, the Olympic Mountains and abundant marine wildlife. Thoughtfully designed to maximize the breathtaking scenery, this home offers the perfect blend of luxury and comfort. At the heart of the home is a spacious gourmet kitchen featuring a professional 6-burner range, dual dishwashers, extensive cabinetry, generous prep space and an eat-in dining area—all overlooking the water. Expansive living spaces flow seamlessly to view decks and patios, creating effortless indoor-outdoor living. The waterfront primary suite features a private balcony and a newly remodeled, spa-inspired en suite. Two additional bedrooms with remodeled bathrooms provide flexibility for guests or a home office. The daylight lower level includes a spacious flex room with patio access, while the third-floor bonus room offers its own private balcony with spectacular water views. Enjoy minimal stairs to the shoreline for kayaking, paddleboarding and beachcombing. An attached 2-car garage plus 3 additional lower-level garage bays provide exceptional space for vehicles, boats and recreational equipment. Combining panoramic views, peaceful privacy, versatile living spaces and outstanding waterfront amenities, this is a rare opportunity to experience the very best of Puget Sound waterfront living.
Location
Basics
- Property type
- Single Family Residence
- Style
- 2 Stories w/Bsmnt
- Stories
- 2 stories
- Condition
- Good
- Year built
- 1993
- Lot size
- 91,040 sq ft (2.09 acres)
- County
- Thurston
- MLS #
- NWM2552545
Interior
- Heating
- High Efficiency (Unspecified)
- Cooling
- None
- Flooring
- Ceramic Tile, Stone, Vinyl Plank
- Appliances
- Dishwasher, Double Oven, Microwave, Refrigerator, Stove(s)/Range(s)
- Fireplace
- 5 · Gas, Wood Burning
- Interior features
- Second Kitchen, Second Primary Bedroom, Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Fireplace (Primary Bedroom), French Doors, Sauna, Security System, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wet Bar, Wine/Beverage Refrigerator
- Entry level
- Main
Exterior & lot
- Exterior features
- Stucco
- Roof
- Tile
- Foundation
- Poured Concrete
- Lot features
- Dirt Road, Drought Resistant Landscape, Secluded
- Topography
- Level,Partial Slope
- View
- Sound
- Waterfront
- Yes
Parking
- Parking spaces
- 9
- Garage
- Yes (attached)
- Covered spaces
- 5
- Parking features
- Attached Garage, RV Parking
Utilities
- Water
- Shared Well
- Sewer
- Septic Tank
- Power
- Electric, Oil, Propane
Community & fees
- Subdivision
- Steamboat Island
- Property tax
- $10,242 (2026)
Transaction
- Original list price
- $1,450,000 (3.8% price cut)
- Listed on
- Jul 10, 2026
- Days on market
- 72
- Price per sq ft
- $327
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2024-07-23
- Sold$985,000
Schools
School district: Griffin
- Elementary
- Griffin Elem
- Middle
- Griffin Mid School
- High
- Capital High SchoolSchoolDigger 4 stars · Top 26% in WA

Listing provided courtesy of: Morrison House Sotheby's Intl
Listing agent: Christina Keller.
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 2026-09-08.