Discover nearly 5 acres of opportunity in one of Olympia's most sought-after rural settings. Located along Libby Rd, this beautiful property offers a great blend of privacy, natural beauty and convenience. The lot has a beautiful flat building area along with a forested backyard. The second half has a modest slope down to private creek access which winds through the back half of the lot. The location is rural, but within minutes of Boston Harbor, waterfront recreation, parks and downtown Olympia.
Active
Listed by: Keller Williams Rty Tacoma • Michael Putnam
$225,000
4248 Libby Road NE, Olympia, WA 98506
--beds
--baths
4.97Acres
Unimproved Land
Built in ----
4.97 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Forested backyardPrivate creek accessBeautiful flat building areaSought-after rural settings
- 58 days
- 391
- 22
Zillow last checked:
Listing updated:
Listed by:
Michael Putnam,
Keller Williams Rty Tacoma
Source: NWMLS as distributed by MLS GRID,MLS#: 2545181
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
- Waterfront features: Creek
Lot
- Size: 4.97 Acres
- Dimensions: 189/1149
- Features: Paved, Stream/Creek
- Topography: See Remarks
- Residential vegetation: See Remarks
Details
- Parcel number: 11931230100
- Zoning: R1/5
- Zoning description: Residential,Jurisdiction: County
- Special conditions: Standard
Utilities & green energy
- Electric: In Street
- Gas: Not Available
- Sewer: Not Available
- Water: Private Well, Well Needed, Jurisdiction: Well
- Utilities for property: Electricity Available
Community & HOA
Community
- Subdivision: South Bay
Location
- Region: Olympia
Financial & listing details
- Tax assessed value: $181,300
- Annual tax amount: $1,805
- Date on market: 7/1/2026
- Cumulative days on market: 59 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,897/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Listed for sale | $225,000+309.1% |
Source:  NWMLS as distributed by MLS GRID #2545181 Report a problem | ||
| 10/18/2004 | Sold | $55,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,634 +10.1% | $181,300 |
| 2023 | $1,485 +8.4% | $181,300 +14.2% |
| 2022 | $1,369 -15.8% | $158,700 +1.3% |
| 2021 | $1,627 +0.3% | $156,700 +7.3% |
| 2020 | $1,621 +47.7% | $146,100 +15.6% |
| 2019 | $1,098 -16.3% | $126,400 +11.4% |
| 2018 | $1,312 +20% | $113,500 +0.2% |
| 2017 | $1,094 | $113,250 +19.7% |
| 2016 | $1,094 | $94,650 +3.7% |
| 2014 | $1,094 +23.4% | $91,300 |
| 2007 | $887 -13.3% | -- |
| 2006 | $1,023 +68.3% | -- |
| 2005 | $608 | -- |
| 2002 | -- | -- |
| 2001 | $749 -3.6% | $51,500 |
| 2000 | $777 | $51,500 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 98506
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