Rare opportunity in Covington! This 8.6-acre fully fenced and cross-fenced property offers level pasture, privacy, flexibility, and outstanding income potential. A long private driveway, recently paved with asphalt, creates an impressive entrance and leads you across peaceful Jenkins Creek to a comfortable 1,950 sq. ft. home featuring 3 bedrooms, 2 full baths, and a relaxing sauna. A major highlight is the impressive 4,000 sq. ft. shop, offering parking for 10+ vehicles, abundant storage, large office space, a spacious bedroom, and a full bathroom. This versatile setup creates excellent possibilities for a home-based business, guest quarters, multi-generational living, or potential rental income. With usable acreage, pastureland, and a highly functional layout, this property delivers space, privacy, and opportunity all in one.
Active
Listed by: Coldwell Banker Bain • William Albright
Price cut: $4K (7/2)
$1,345,500
18222 SE Wax Road, Covington, WA 98042
5beds
1,950sqft
Single Family Residence
Built in 1990
8.16 Acres Lot
$1,310,900 Zestimate®
$690/sqft
$-- HOA
What's special
Usable acreageHighly functional layoutLarge office spaceRelaxing saunaLong private drivewayLevel pastureAbundant storage
- 98 days |
- 811 |
- 44 |
Zillow last checked:
Listing updated:
Listed by:
William Albright,
Coldwell Banker Bain
Source: NWMLS as distributed by MLS GRID,MLS#: 2503186
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Second
Bathroom full
- Level: Garage
Bathroom full
- Level: Garage
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Heat Pump, High Efficiency (Unspecified), Electric
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s)
Features
- Sauna
- Flooring: Hardwood, Laminate
- Windows: Skylight(s)
- Has fireplace: No
- Fireplace features: Electric, Gas, Wood Burning
Interior area
- Total structure area: 1,950
- Total interior livable area: 1,950 sqft
Property
Parking
- Total spaces: 10
- Parking features: Attached Garage, Detached Garage, RV Parking
- Has attached garage: Yes
- Covered spaces: 10
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Sauna, Security System, Skylight(s)
- Has view: Yes
- View description: River, Territorial
- Has water view: Yes
- Water view: River
- Waterfront features: Low Bank, Creek, No Bank
Lot
- Size: 8.16 Acres
- Features: Cable TV, Fenced-Fully, Gated Entry, High Speed Internet, Outbuildings, Patio, RV Parking, Shop
- Topography: Level,Partial Slope
- Residential vegetation: Fruit Trees, Garden Space, Pasture
Details
- Parcel number: 1922069129
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,2 Story
- Property subtype: Single Family Residence
Materials
- Cement Planked, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1990
- Major remodel year: 1990
Utilities & green energy
- Sewer: None
- Water: Individual Well, Private
Community & HOA
Community
- Security: Security System
- Subdivision: Covington
Location
- Region: Covington
Financial & listing details
- Price per square foot: $690/sqft
- Tax assessed value: $1,267,000
- Annual tax amount: $12,913
- Date on market: 4/9/2026
- Cumulative days on market: 102 days
- Listing terms: Conventional,FHA,See Remarks,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$1,310,900
$1.25M - $1.38M
$3,956/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Price change | $1,345,500-0.3%$690/sqft |
Source:  NWMLS as distributed by MLS GRID #2503186 Report a problem | ||
| 5/18/2026 | Price change | $1,349,500-3.3%$692/sqft |
Source: NWMLS as distributed by MLS GRID #2503186 Report a problem | ||
| 4/13/2026 | Listed for sale | $1,395,000+26.8%$715/sqft |
Source: NWMLS as distributed by MLS GRID #2503186 Report a problem | ||
| 2/18/2022 | Sold | $1,100,000+10%$564/sqft |
Source: NWMLS as distributed by MLS GRID #1878976 Report a problem | ||
| 1/31/2022 | Pending sale | $1,000,000$513/sqft |
Source: NWMLS as distributed by MLS GRID #1878976 Report a problem | ||
| 1/31/2022 | Listed for sale | $1,000,000$513/sqft |
Source: NWMLS as distributed by MLS GRID #1878976 Report a problem | ||
| 1/23/2022 | Pending sale | $1,000,000$513/sqft |
Source: NWMLS as distributed by MLS GRID #1878976 Report a problem | ||
| 1/20/2022 | Listed for sale | $1,000,000-27.3%$513/sqft |
Source: NWMLS as distributed by MLS GRID #1878976 Report a problem | ||
| 11/21/2017 | Listing removed | $1,375,000$705/sqft |
Source: Teambuilder KW #1217496 Report a problem | ||
| 11/10/2017 | Pending sale | $1,375,000$705/sqft |
Source: Teambuilder KW #1217496 Report a problem | ||
| 11/5/2016 | Price change | $1,375,000-23.6%$705/sqft |
Source: Caliber Real Estate #1014653 Report a problem | ||
| 9/20/2016 | Pending sale | $1,800,000$923/sqft |
Source: Caliber Real Estate #1014653 Report a problem | ||
| 9/13/2016 | Price change | $1,800,000-14.3%$923/sqft |
Source: Caliber Real Estate #1014653 Report a problem | ||
| 8/16/2016 | Listed for sale | $2,100,000+881.3%$1,077/sqft |
Source: Caliber Real Estate #1014653 Report a problem | ||
| 10/7/2011 | Sold | $214,000-6.6%$110/sqft |
Source: NWMLS as distributed by MLS GRID #243557 Report a problem | ||
| 9/28/2011 | Pending sale | $229,000$117/sqft |
Source: Windermere Real Estate/East, Inc. #243557 Report a problem | ||
| 9/15/2011 | Price change | $229,000-9.8%$117/sqft |
Source: Windermere Real Estate/East, Inc. #243557 Report a problem | ||
| 9/9/2011 | Listed for sale | $254,000$130/sqft |
Source: Windermere Real Estate/East, Inc. #243557 Report a problem | ||
| 8/15/2011 | Pending sale | $254,000$130/sqft |
Source: Windermere Real Estate/East, Inc. #243557 Report a problem | ||
| 7/20/2011 | Price change | $254,000-9%$130/sqft |
Source: Windermere Real Estate/East, Inc. #243557 Report a problem | ||
| 7/2/2011 | Listed for sale | $279,000+91.1%$143/sqft |
Source: Windermere Real Estate/East, Inc. #243557 Report a problem | ||
| 6/8/2011 | Sold | $146,000-91.4%$75/sqft |
Source: Public Record Report a problem | ||
| 10/6/2005 | Sold | $1,700,000+771.8%$872/sqft |
Source: Public Record Report a problem | ||
| 9/9/1997 | Sold | $195,000$100/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,913 +10.3% | $1,267,000 +3.9% |
| 2024 | $11,712 +6.4% | $1,219,000 +11.9% |
| 2023 | $11,008 -7.9% | $1,089,000 -9.4% |
| 2022 | $11,949 +3% | $1,202,000 +17.2% |
| 2021 | $11,598 +21.8% | $1,026,000 +29.1% |
| 2020 | $9,520 +5.7% | $795,000 +6% |
| 2019 | $9,008 +13.8% | $750,000 +5.9% |
| 2018 | $7,917 +0.3% | $708,000 +11.5% |
| 2017 | $7,897 +15.3% | $635,000 +9.7% |
| 2016 | $6,847 | $579,000 +9.5% |
| 2015 | $6,847 | $529,000 +6.4% |
| 2014 | $6,847 | $497,000 +20% |
| 2013 | $6,847 | $414,000 +7.5% |
| 2012 | -- | $385,000 -6.3% |
| 2011 | -- | $411,000 -14% |
| 2010 | -- | $478,000 |
| 2009 | -- | $478,000 +20.1% |
| 2007 | -- | $398,000 +14.7% |
| 2006 | -- | $347,000 +5.2% |
| 2005 | -- | $330,000 +8.2% |
| 2001 | $4,389 +2.6% | $305,000 +6.6% |
| 2000 | $4,276 | $286,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98042
Nearby schools
GreatSchools rating
- 5/10Crestwood Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Mattson Middle SchoolGrades: 6-8Distance: 1 mi
- 4/10Kentwood High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Crestwood Elem
- Middle: Mattson Middle
- High: Kentwood High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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