Location! Location! Location! This turn-key, just shy of an acre, serene oasis features a charming 560 square-foot cottage and an adjacent almost 500 square-foot deluxe studio filled with natural light! Both buildings contain custom finishes and spectacular views along a private dock ideal for kayaking, fishing or simply soaking in nature. This flexible-use property has great flow for gatherings along with a generous studio loft perfect for an office, guest area or peaceful mediation room. Whether you’re seeking a private waterfront retreat, an artist’s studio, an Airbnb or event venue, this property offers it all. Priced to sell & Ready to Impress! See Video!
Active
Listed by: Keller Williams South Sound
Price cut: $25K (2/26)
$575,000
5025 Mud Bay Road NW, Olympia, WA 98502
1beds
560sqft
Est.:
Single Family Residence
Built in 1963
0.94 Acres Lot
$561,100 Zestimate®
$1,027/sqft
$-- HOA
What's special
Spectacular viewsFilled with natural lightCustom finishesGreat flow for gatherings
- 133 days |
- 1,337 |
- 41 |
Zillow last checked: 7 hours ago
Listing updated: February 25, 2026 at 07:57pm
Listed by:
Tynesha Lun,
Keller Williams South Sound
Source: NWMLS as distributed by MLS GRID,MLS#: 2451669
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
Bathroom three quarter
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Heating
- Wall Unit(s), Electric
Cooling
- None
Appliances
- Included: Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Features
- Ceiling Fan(s), Dining Room, Loft
- Flooring: Laminate, Vinyl
- Windows: Dbl Pane/Storm Window
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 560
- Total interior livable area: 560 sqft
Video & virtual tour
Property
Parking
- Parking features: Driveway, Off Street
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Loft, Security System
- Has view: Yes
- View description: Bay, See Remarks
- Has water view: Yes
- Water view: Bay
- Waterfront features: Bayfront, Saltwater
Lot
- Size: 0.94 Acres
- Features: Cable TV, Deck, Dock, High Speed Internet
- Topography: Level,Partial Slope
- Residential vegetation: Fruit Trees
Details
- Parcel number: 12818320500
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1963
- Major remodel year: 1989
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Individual Well, See Remarks, Company: Individual Well - Artesian Water
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Security: Security System
- Subdivision: Westside
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $1,027/sqft
- Tax assessed value: $424,000
- Annual tax amount: $4,722
- Date on market: 11/3/2025
- Cumulative days on market: 134 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$561,100
$533,000 - $589,000
$1,725/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/26/2026 | Price change | $575,000-4.2%$1,027/sqft |
Source:  NWMLS as distributed by MLS GRID #2451669 Report a problem | ||
| 1/7/2026 | Price change | $599,999-5.5%$1,071/sqft |
Source: NWMLS as distributed by MLS GRID #2451669 Report a problem | ||
| 11/4/2025 | Listed for sale | $635,000+177.6%$1,134/sqft |
Source: NWMLS as distributed by MLS GRID #2451669 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/18/2015 | Sold | $228,719+4.4%$408/sqft |
Source: Public Record Report a problem | ||
| 12/6/2014 | Listed for sale | $219,000-12.4%$391/sqft |
Source: Owner Report a problem | ||
| 5/20/2014 | Listing removed | $250,000-16.4%$446/sqft |
Source: Virgil Adams Real Estate, Inc. #574368 Report a problem | ||
| 1/3/2013 | Listing removed | $299,000$534/sqft |
Source: Greene Realtors #411005 Report a problem | ||
| 10/3/2012 | Listed for sale | $299,000+157.8%$534/sqft |
Source: Greene Realtors #411005 Report a problem | ||
| 8/4/2011 | Sold | $116,000-14.1%$207/sqft |
Source: NWMLS as distributed by MLS GRID #230092 Report a problem | ||
| 6/9/2011 | Pending sale | $135,000$241/sqft |
Source: Greene Realtors #230092 Report a problem | ||
| 6/2/2011 | Listed for sale | $135,000-32.2%$241/sqft |
Source: Greene Realtors #230092 Report a problem | ||
| 8/19/2010 | Listing removed | $199,000$355/sqft |
Source: Van Dorm Realty , Inc #28138804 Report a problem | ||
| 9/27/2009 | Price change | $199,000-9.1%$355/sqft |
Source: Van Dorm Realty Inc #28138773 Report a problem | ||
| 6/13/2009 | Price change | $219,000-4.4%$391/sqft |
Source: Visual Tour #28138773 Report a problem | ||
| 5/15/2009 | Price change | $229,000-8.4%$409/sqft |
Source: Visual Tour #28138773 Report a problem | ||
| 10/27/2008 | Price change | $250,000-7.4%$446/sqft |
Source: Visual Tour #28138773 Report a problem | ||
| 8/14/2008 | Listed for sale | $270,000-31.6%$482/sqft |
Source: Visual Tour #28138773 Report a problem | ||
| 5/1/2008 | Listing removed | $394,500$704/sqft |
Source: Postlets #27077696 Report a problem | ||
| 4/11/2008 | Listed for sale | $394,500$704/sqft |
Source: Postlets #27077696 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,722 +8% | $424,000 +9.1% |
| 2023 | $4,370 +4.5% | $388,500 +2.8% |
| 2022 | $4,181 -16.4% | $378,000 -4.9% |
| 2021 | $5,000 +11.1% | $397,600 +22.6% |
| 2020 | $4,500 +31.1% | $324,400 -0.7% |
| 2019 | $3,433 -6.3% | $326,700 +19.8% |
| 2018 | $3,664 +137.8% | $272,700 +28.9% |
| 2017 | $1,541 | $211,550 -1.6% |
| 2016 | $1,541 | $214,900 +97.1% |
| 2014 | $1,541 | $109,050 +6.1% |
| 2013 | -- | $102,800 |
| 2012 | $1,273 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $1,357 | -- |
| 2008 | -- | -- |
| 2007 | $1,137 +597.1% | -- |
| 2006 | $163 | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $305 +564.9% | $73,500 +18.7% |
| 2000 | $46 | $61,900 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,179/mo
Principal & interest
$2791
Property taxes
$388
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Climate risks
Neighborhood: 98502
Nearby schools
GreatSchools rating
- 3/10McLane Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 8/10Thurgood Marshall Middle SchoolGrades: 6-8Distance: 2.1 mi
- 8/10Capital High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Mclane Elem
- Middle: Jefferson Mid
- High: Capital 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.
Local experts in 98502
- Washington
- Thurston County
- Olympia
- 98502
- 5025 Mud Bay Road NW
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