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  • Listed by: John L. Scott, Inc.
    $1,800,000

    16418 Middle Road SE, Yelm, WA 98597

    --beds
    --baths
    4.35Acres
    Unimproved Land
    Built in ----
    4.35 Acres Lot
    $1,793,500 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Existing home
    Exceptional 4.3-acre development opportunity in the heart of Yelm! Offered with a 23-lot preliminary plat and engineering already completed, this property presents a rare chance for builders and developers to accelerate their timeline and capitalize on the area's continued growth and strong housing demand. Utilities are in the street, helping streamline the development process and reduce upfront infrastructure hurdles. The property includes an existing home, providing the flexibility to generate rental income while final approvals are secured and development plans move forward. Whether you're looking to build out the project immediately or hold as an investment, the existing residence offers valuable interim cash flow. With much of the preliminary planning work already completed, this is an exceptional chance to capitalize on the continued demand for new housing in Thurston County. Conveniently located with access to schools, shopping, and major commuter routes, the project is well-positioned for future success. Opportunities with substantial pre-development work already in place are becoming increasingly scarce—secure this 23-lot project and bring your vision to life in one of Thurston County's fastest-growing communities.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Rick W. Seddon,

    John L. Scott, Inc.

    Source: NWMLS as distributed by MLS GRID,MLS#: 2531310MLS Logo

      Facts & features

      Interior

      Features
      • Has fireplace: No
      Interior area
      • Total structure area: 0

      Property

      Lot
      • Size: 4.35 Acres
      Details
      • Parcel number: 64303500501
      • Zoning description: Residential,Jurisdiction: See Remarks
      • Special conditions: Standard

      Utilities & green energy

      • Electric: In Street
      • Gas: In Street
      • Sewer: In Street, Septic Design Installed
      • Water: In Street, Private Well
      • Utilities for property: Electricity Available, Natural Gas Available, Septic Design Installed

      Community & HOA

      Community
      • Subdivision: Yelm
      Location
      • Region: Yelm

      Financial & listing details

      • Tax assessed value: $461,900
      • Annual tax amount: $3,455
      • Date on market: 5/31/2026
      • Cumulative days on market: 2 days
      • Listing terms: Conventional
      • Road surface type: Gravel

        Estimated market value

        $1,793,500

        $1.70M - $1.88M

        $2,432/mo

        Price history

        DateEventPrice
        6/1/2026Listed for sale$1,800,000+484.4%
        Source: NWMLS as distributed by MLS GRID #2531310 Report a problem
        4/27/2007Sold$308,000+57.8%
        Source: NWMLS as distributed by MLS GRID #26113774 Report a problem
        2/1/2002Sold$195,200+20.1%
        Source: NWMLS as distributed by MLS GRID #21147538 Report a problem
        5/20/1998Sold$162,500
        Source: NWMLS as distributed by MLS GRID #33158743 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,455 -21.6%$461,900 +2.3%
        2023$4,408 +6.8%$451,700 +1.9%
        2022$4,129 +0.5%$443,300 +18.8%
        2021$4,109 +9.8%$373,300 +26.3%
        2020$3,744 +29.5%$295,600 +9.5%
        2019$2,891 -14.7%$270,000 +1.6%
        2018$3,390 +27.8%$265,800 +14.7%
        2017$2,653 $231,750 +9.6%
        2016$2,653 $211,500 +9.3%
        2014$2,653 $193,450 +3.5%
        2013-- $186,850
        2012$2,793 --
        2011-- --
        2010-- --
        2009$2,269 --
        2008-- --
        2007$2,275 -33.6%--
        2006$3,425 +53.6%--
        2005$2,230 --
        2004-- --
        2002-- --
        2001$1,882 -3.3%$136,800
        2000$1,947 $136,800

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 98597

        Getting around

        6 / 100
        Car-Dependent
        42 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

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