Rockhood
$1,450,000List price
3 bed · 3 bath · 3,329 sq ft
Active

5508 South Bay Terrace Drive NE · Olympia, WA 98516

Source: NWMLS · Realty One Group Bold · James Clerget #NWM2572068

About this home

Discover a rare 1.3-acre dual-parcel legacy estate in coveted South Bay Terrace. This 3,329-SF luxury home offers ~160 feet of low-bank saltwater frontage, a private bulkhead, and sweeping views across serene Henderson Inlet, up through Dana Passage. Ideally located near Boston Harbor and Woodard Bay Conservation Area, this sanctuary offers unrivaled access to Puget Sound’s most beautiful protected waters. Designed to frame the water from nearly every room, the home features a gourmet chef’s kitchen with granite countertops, hardwood finishes, a professional Viking range, and premium KitchenAid appliances. Expansive living areas are filled with natural light, while the daylight basement offers flexible space for multi-generational living, a home theater, or alfresco entertaining with direct access to the waterfront grounds. The finished garage features epoxy flooring with ample hobby-craft space. Fully landscaped grounds include new premium wood and wrought iron fencing, a vegetable garden, and a private orchard with mature apple, pear, and cherry trees. The children's area ensures fun for all. Rare, grandfathered assets include a floating boat dock and fully owned tidelands—providing exceptional privacy. A brand-new architectural roof and professionally permitted Generac standby generator with a 240-gallon propane system provide lasting peace of mind-whatever the season. Only minutes from Olympia's dynamic urban core, this is truly an incomparable waterfront property.

Location

Basics

Property type
Single Family Residence
Style
1 Story w/Bsmnt.
Stories
1 story
Condition
Good
Year built
1968
Lot size
56,628 sq ft (1.3 acres)
County
Thurston
MLS #
NWM2572068

Interior

Heating
90%+ High Efficiency, Forced Air, Heat Pump
Cooling
Heat Pump
Flooring
Vinyl, Carpet
Appliances
Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer
Fireplace
2 · Gas
Interior features
Second Kitchen, Bath Off Primary, Fireplace, Pantry, Security System, Water Heater, Wine/Beverage Refrigerator, Wired for Generator

Exterior & lot

Exterior features
Wood
Roof
Composition, See Remarks
Foundation
Poured Concrete
Lot features
Dead End Street, Paved, Secluded
Topography
Partial Slope,Terraces
View
Bay, Sound, Territorial
Waterfront
Yes

Parking

Parking spaces
2
Garage
Yes (attached)
Covered spaces
2
Parking features
Driveway, Attached Garage, RV Parking

Utilities

Water
Community
Sewer
Septic Tank
Power
Electric, Propane

Community & fees

Subdivision
Henderson Inlet
Property tax
$10,563 (2026)

Transaction

Listed on
Sep 3, 2026
Days on market
17
Price per sq ft
$436
Listing terms
Cash, Conventional, FHA, VA Loan
Possession
Closing

More homes nearby

Sale history

Earlier listings of this home on the MLS.

2021-06-15
Sold$1,281,500
2016-05-18
Sold$549,000

Schools

School district: North Thurston

High
North Thurston High School
SchoolDigger 3 stars · Top 30% in WA

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Listing provided courtesy of: Realty One Group Bold

Listing agent: James Clerget.

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 2026-09-04.