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6504 44th Avenue NE, Olympia, WA, 98516

3beds
4baths
3,123sqft
$3,980,000
$1,274price/sqft
$24,842/moest. monthly cost
$993,680/yrincome needed

About This Home

IMPROVED PRICE! Welcome to this one-of-a-kind luxury equestrian estate! This exceptional property combines top-tier equestrian amenities w/ luxurious living accommodations, making it the perfect private retreat. Incredible barn w/24 stalls, 2 wash racks, 3 grooming areas, heated tack room, 2 baths. Beautiful 2 bed apartment above barn, 80 x 220 indoor arena, heated viewing lounge & large office. 150 x 300 outdoor arena, large grass pastures & variety of paddocks. Hay/shavings barn, 3-sided equipment barn & 4-bay shop. Lovely 3,123 SF home w/open great room concept, chefs kitchen w/ center island, large laundry room that leads directly to the 4 car garage. Primary suite on main floor w/full bath & 2nd primary suite located on upper level.

Getting Around

0
WalkingCar-Dependent
0
TransitNo Nearby Transit
16
BikeSomewhat Bikeable

Schools

7/10
5/10
Chinook Middle SchoolGrades 6-83.2 mi
6/10

Construction

Condition

  • Property condition: Very Good
  • Year built: 2003

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Cement/Concrete

Notable Dates

  • Major remodel year: 2003

Type & Style

  • Home type: SingleFamily
  • Architectural style: 2 Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s),Water Heater: Gas,Water Heater Location: Garage

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 2
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 1

Features

  • Bath Off Primary,Dining Room,Loft
  • Door features: French Doors
  • Window features: Double Pane/Storm Window,Skylight(s)
  • Flooring: Ceramic Tile,Vinyl Plank,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Gas,Main Level: 1,Fireplace
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Fireplace,90%+ High Efficiency,Forced Air,Heat Pump,High Efficiency (Unspecified),Radiant,Electric,Natural Gas
  • Cooling features: Forced Air,Heat Pump

Interior Area

  • Total structure area: 3,123
  • Total interior livable area: 3,123 sqft

Property

Details

  • Parcel number: 48490004900
  • Special condition: Standard
  • Other equipment: Wired for Generator

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Main
  • Patio & porch: Second Primary Bedroom,Bath Off Primary,Double Pane/Storm Window,Dining Room,Fireplace,French Doors,Jetted Tub,Loft,Security System,Skylight(s),Vaulted Ceiling(s),Walk-In Closet(s),Walk-In Pantry,Water Heater,Wet Bar,Wired for Generator
  • Spa features: Bath
  • Has view: Yes
  • View description: Territorial
  • Topography of land: Equestrian,Level
  • Residential vegetation: Garden Space,Pasture,Wooded

Lot

  • Lot size: 118.12 Acres
  • Features: Dead End Street,Paved,Arena-Indoor,Arena-Outdoor,Barn,Cable TV,Fenced-Fully,Gas Available,Gated Entry,Outbuildings,Patio,RV Parking,Shop,Sprinkler System,Stable

Parking

  • Total spaces: 4
  • Parking features: Attached Garage,RV Parking
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Earthquake
Coastal Flooding
Heat Wave
Inland Flooding
Landslide

FEMA Declared Disasters in Thurston County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $20,125$241,500
Home Insurance *$929$11,148
Property Taxes $3,575$42,900
Electricity $213$2,563
Total$24,842$298,104
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$851,725/yr
40% on housing$745,260/yr
45% on housing$662,453/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.8%
10.8%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,274This listing

vs Other Active Listings

Avg $/sqft

ZIP 98516$280
Thurston County$295

vs Homes Sold Last Month

Median $/sqft

ZIP 98516$300
Thurston County$285

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-11-26Price change$4,200,000
2025-07-09Price change$4,500,000
2024-07-01Listed for sale$4,800,000

For Sale by Agent

AgentDelinda Jokela
BrokerageRenaissance Real Estate LLC

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