Listed by Virgil Adams Real Estate, Inc.
$905,000
PENDING $85K PRICE DROP

8031 Kerbaugh Rd NE Olympia, WA 98516

Estimated payment $5,407/month

Total Views 40,516
16.47 Acres
$54,948 Price per Acre
717,433 Sq Ft Lot

Highlights

  • 500 Feet of Waterfront
  • 16.47 Acre Lot
  • No HOA
  • Views of a Sound
  • Secluded Lot

About This Lot

First time on market since the Hoover administration! Ultra-rare large estate-sized and private waterfront parcel on desirable Johnson Point! Splendid views of Henderson Inlet and the Olympics, and approximately 500' of gorgeous gravelly beachfront plus ownership of the tidelands. Zoned 1 unit per 5 acres. There is definitely marketable timber but no timber cruise has been done. This is the perfect palette for your "statement" home!

Listing Agent

Spence Weigand

Virgil Adams Real Estate, Inc. License #45654 Listed on: 01/30/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2031845

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,021

Lot Details

  • 16.47 Acre Lot
  • 500 Feet of Waterfront
  • Home fronts a sound
  • Property Fronts a Bay or Harbor
  • Street terminates at a dead end
  • Secluded Lot
  • Level Lot

Property Views

  • Views of a Sound
  • Bay
  • Mountain

Schools

  • South Bay Elementary School
  • Chinook Mid Middle School
  • North Thurston High School

Utilities

  • Well Required
  • Sewer Not Available

Community Details

  • No Home Owners Association
  • Johnson Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11908410103

Property Details

Property Type

Land

Est. Annual Taxes

$7,021

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 41 - Res-Over 1 Acre
  • MLS Status: Pending Feasibility
  • Prev Status: Pending
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Comm. Grade Timber,Evergreens,Heavily Forested,Partially Cleared
  • Restrictions: No Restrictions
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • View: Bay, Mountain(s), Sound
  • Lot Features: Dead End Street, Paved, Secluded
  • View: Yes
  • Waterfront Features: Medium Bank, Bayfront, Saltwater, Sound
  • Waterfront: Yes
  • Structure Type: Unspecified
  • RoadInformation: Access Easement,County Maintained
  • RoadOnWhichSide: South
  • WaterfrontFootage: 500' Henderson Inlet

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Not Available
  • Water Source: Well Needed
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: No
  • Utilities: Electricity Available
  • ElectricityStatus: In Street
  • GasStatus: Not Available

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: North Thurston
  • High School: North Thurston High
  • Middle Or Junior School: Chinook Mid

Lot Info

  • Parcel Number: 11908410103
  • Topography: Level,Sloped
  • Lot Size Acres: 16.47
  • Lot Size Sq Ft: 717433
  • Zoning Description: Residential
  • Zoning: RRR 1/5
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: County

Tax Info

  • Year: 2022
  • Tax Annual Amount: 7021

MLS Schools

  • Elementary School: South Bay Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $7,993 $906,900 $906,900 --
2023 $7,993 $838,000 $838,000 $0
2022 $7,021 $647,900 $647,900 $0
2021 $5,949 $607,300 $607,300 $0
2020 $7,569 $477,000 $477,000 $0
2019 $5,575 $625,200 $625,200 $0
2018 $6,619 $496,300 $496,300 $0
2017 $5,600 $434,250 $434,250 $0
2016 $5,971 $470,200 $470,200 $0
2014 -- $451,200 $451,200 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 Pending -- -- --
05/03/2025 05/03/25 For Sale $905,000 0.0% --
04/09/2025 04/09/25 Off Market $905,000 -- --
04/13/2024 04/13/24 For Sale $905,000 0.0% --
03/05/2024 03/05/24 Pending -- -- --
01/17/2024 01/17/24 For Sale $905,000 0.0% --
01/14/2024 01/14/24 Off Market $905,000 -- --
07/09/2023 07/09/23 Price Changed $905,000 -4.7% --
07/09/2023 07/09/23 Price Changed $950,000 -4.0% --
01/30/2023 01/30/23 For Sale $990,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2031845

Northwest Multiple Listing Service (NWMLS)

APN: 11908410103