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#: 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: 57 days
Listing terms: Conventional
Road surface type: Gravel
Estimated market value
Zestimate®
$564,700
Estimated sales range
$497,000 - $627,000
Rent Zestimate®
$2,432/mo
Price history
Date
Event
Price
6/1/2026
Listed for sale
$1,800,000+484.4%
Source: NWMLS as distributed by MLS GRID #2531310Report a problem
4/27/2007
Sold
$308,000+57.8%
Source: NWMLS as distributed by MLS GRID #26113774Report a problem
2/1/2002
Sold
$195,200+20.1%
Source: NWMLS as distributed by MLS GRID #21147538Report a problem
5/20/1998
Sold
$162,500
Source: NWMLS as distributed by MLS GRID #33158743Report a problem
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.
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