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. • Rick W. Seddon
$1,800,000
16418 Middle Road SE, Yelm, WA 98597
--beds
--baths
4.35Acres
Unimproved Land
Built in ----
4.35 Acres Lot
$546,300 Zestimate®
$--/sqft
$-- HOA
What's special
Existing home
- 106 days
- 29
- 0
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: 108 days
- Listing terms: Conventional
- Road surface type: Gravel
Estimated market value
$546,300
$481,000 - $612,000
Not available
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







