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.
Active
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
- 1 day |
- 24 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Rick W. Seddon,
John L. Scott, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2531310
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
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Listed for sale | $1,800,000+484.4% |
Source: | ||
| 4/27/2007 | Sold | $308,000+57.8% |
Source: | ||
| 2/1/2002 | Sold | $195,200+20.1% |
Source: | ||
| 5/20/1998 | Sold | $162,500 |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
Nearby schools
GreatSchools rating
- 4/10Fort Stevens Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 7/10Yelm Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Yelm High School 12Grades: 9-12Distance: 1.6 mi
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.
- Washington
- Thurston County
- Yelm
- 98597
- 16418 Middle Road SE







