Listed by Redfin, Bought with Redfin
$2,490,000
SOLD SEP 11, 2025

1220 Madrona Beach Rd NW Olympia, WA 98502

4 Beds
4 Baths
6,012 Sq Ft
5 Acres

Recently Sold

$414 Per Sq Ft

Highlights

  • Low Bank Waterfront Property
  • Spa
  • Two Primary Bedrooms
  • Ocean View
  • RV Access or Parking
  • Gated Community

About This Home

As of September 2025

Experience unmatched luxury in this waterfront masterpiece. Crafted with meticulous attention to detail, this home epitomizes quality and comfort by combining sophistication with practicality. With over 500 ft of low bank waterfront, enjoy breathtaking views of Eld Inlet and Mt. Rainier. Your private, five acre gated property is perfectly complemented with mature landscaping, forestry and stunning koi pond. Offering multiple indoor and outdoor living spaces, soaring vaulted ceiling, expansive windows, and in ground hot tub, this modern lifestyle home was designed to accommodate both large gatherings, and intimate affairs. Nearby to schools, shopping, freeway, and other amenities.

Last Agent to Sell the Property

David MacPhail

Redfin License #27309 Listed on: 04/10/2025

Redfin

Last Buyer's Agent

Nicole Larson

Redfin License #76932

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2349814

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,617

Year Built

  • Built in 2006

Lot Details

  • 5 Acre Lot
  • Low Bank Waterfront Property
  • 500 Feet of Waterfront
  • Home fronts a sound
  • Open Space
  • Street terminates at a dead end
  • Northeast Facing Home
  • Gated Home
  • Partially Fenced Property
  • Secluded Lot
  • Level Lot
  • Sprinkler System
  • Fruit Trees
  • Wooded Lot
  • Garden
  • Property is in very good condition

Parking

  • 4 Car Attached Garage
  • Driveway
  • RV Access or Parking

Property Views

  • Ocean
  • Views of a Sound
  • Mountain
  • Territorial

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 6,012 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Vaulted Ceiling
  • 2 Fireplaces
  • Gas Fireplace
  • French Doors
  • Dining Room

Kitchen

  • Walk-In Pantry
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Hydromassage or Jetted Bathtub
  • Spa Bath

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Spa
  • Patio
  • Outbuilding

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Radiant Heating System
  • Generator Hookup
  • Propane
  • Private Water Source
  • Well
  • Hot Water Circulator
  • Water Heater
  • Septic Tank
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 13812340600

Community Details

Overview

  • No Home Owners Association
  • Olympia Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,617

Year Built

Built in 2006

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 12 - 2 Story
  • Year Built: 2006
  • Inclusions: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 6012
  • SeniorExemption: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 2
  • Basement: None
  • Private Spa: Yes
  • Appliances: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Concrete, Hardwood, Carpet
  • Interior Amenities: Second Primary Bedroom, Bath Off Primary, Built-In Vacuum, Double Pane/Storm Window, Dining Room, Fireplace, Fireplace (Primary Bedroom), French Doors, High Tech Cabling, Hot Tub/Spa, Jetted Tub, Security System, Sprinkler System, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Pantry, Water Heater, Wired for Generator
  • Living Area: 6012
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Bathrooms: 3.75
  • BathsFullMain: 1
  • FireplacesMain: 2
  • SquareFootageFinished: 6012
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Ocean, Sound, Territorial
  • Lot Features: Dead End Street, Open Space, Paved, Secluded
  • Pool Features: In Ground
  • View: Yes
  • Waterfront Features: Low Bank, Ocean Front, Saltwater, Sound
  • Waterfront: Yes
  • Construction Type: Wood
  • Direction Faces: Northeast
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • BusLineNearby: true
  • PoolType: In-Ground
  • WaterfrontFootage: 500
  • WaterAccess: Beach Rights,Tideland Rights

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, RV Parking
  • Total Parking Spaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well, Private
  • Security: Partially Fenced, Security Gate, Security System
  • Cooling: Forced Air, Heat Pump
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump, Hot Water Recirc Pump, Radiant
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Private Well
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Gated
  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Griffin
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 13812340600
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 5
  • Lot Size Sq Ft: 217800
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,Gated Entry,High Speed Internet,Hot Tub/Spa,Outbuildings,Patio,Propane,RV Parking,Sprinkler System
  • MLSLotSizeSource: Realist - Buyer to verify
  • MLSSquareFootageSource: Realist - Buyer to verify
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric, Propane

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2024
  • Tax Annual Amount: 16617

Multi Family

  • EnergySource: Electric,Propane

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2010
Sold by
Walker John C and Walker John Charles
Bought by
Xuan Linli and Zhang Hua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2009
Sold by
Walker Cindi Lee
Bought by
Walker John Charles

Purchase Details

Closed on
Nov 11, 2004
Sold by
Gruber Cheri L
Bought by
Walker John C and Walker Cindi L

Purchase Details

Closed on
Aug 20, 1997
Sold by
Gruber Richard T
Bought by
Gruber Cheri L
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,000,000 Stewart Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $129,000 Thurston County Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $800,000 Credit Line Revolving
Closed $388,000 New Conventional
Closed $750,000 New Conventional
Previous Owner $968,000 Balloon
Previous Owner $1,280,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2025 09/11/25 Sold $2,490,000 0.0% $414 / Sq Ft
08/01/2025 08/01/25 Pending -- -- --
04/10/2025 04/10/25 For Sale $2,490,000 -- $414 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,617 $2,041,500 $407,800 $1,633,700
2023 $16,617 $1,955,700 $305,700 $1,650,000
2022 $17,751 $2,398,000 $312,000 $2,086,000
2021 $14,336 $1,827,800 $357,200 $1,470,600
2020 $14,458 $1,317,200 $287,000 $1,030,200
2019 $12,331 $1,186,800 $337,100 $849,700
2018 $12,874 $1,025,100 $268,800 $756,300
2017 $13,145 $1,248,800 $185,600 $1,063,200
2016 $12,241 $1,071,700 $207,400 $864,300
2014 -- $1,035,800 $209,500 $826,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2349814

Northwest Multiple Listing Service (NWMLS)

APN: 13812340600