3534 Gravelly Beach Loop NW, Olympia, WA, 98502
About This Home
Experience the ultimate waterfront lifestyle on Eld Inlet at Flapjack Point in the desirable Griffin School District and Steamboat Island Community. This rare no-bank property offers 180-degree views from one of Thurston County’s finest beaches, creating a true everyday retreat. This one-owner home features a traditional yet versatile floorplan with vaulted ceilings, large picture windows, and a spacious gourmet kitchen ideal for entertaining. Two primary suites, each with full baths and walk-in closets, plus multiple flexible spaces for an office, gym, studio, arts and crafts, or guest use. This home adapts to your lifestyle. New carpet & pad throughout the main home & efficiency studio above the detached shop, and fresh interior paint. The daylight basement includes a full kitchen, 3/4 bath, and additional living quarters. Enjoy mature, vibrant & colorful landscaping, a covered gazebo at the water’s edge, and endless opportunities to relax or host gatherings. A private boat launch, moorage buoy, with included tideland, complete this exceptional setting. Additional highlights include an attached 2-car garage, basement utility garage, detached 3-car shop, and a fully functional 1,000± sq ft studio apartment—perfect for guests or extended living. A rare opportunity to own a one-of-a-kind Pacific Northwest waterfront retreat. Come take a look and make your dreams become a reality.
Getting Around
Car-Dependent
No Nearby Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Very Good
- Year built: 2002
Materials
- Foundation: Poured Concrete,Slab
- Roof: Composition
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: 2 Stories w/Bsmnt
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Washer(s),Water Heater: Propane - recirculating,Water Heater Location: Main Garage
Basement
- Has basement: Yes
- Basement: Daylight,Finished
Bathroom Full
- Level: Second
Bathroom Full
- Level: Main
Bathroom Three Quarter
- Level: Lower
Bedroom
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Bonus Room
- Level: Second
Den Office
- Level: Second
Dining Room
- Level: Main
Entry Hall
- Level: Main
Features
- Bath Off Primary,Central Vacuum,Ceiling Fan(s),Dining Room,High Tech Cabling,Pantry
- Door features: French Doors
- Window features: Dbl Pane/Storm Window,Skylight(s)
- Flooring: Ceramic Tile,Hardwood,See Remarks,Vinyl,Carpet
- Number of fireplaces: 1
- Fireplace features: See Remarks,Main Level: 1,Fireplace
- Fireplace: Yes
Great Room
- Level: Main
Heating & Cooling
- Heating features: Fireplace,90%+ High Efficiency,Forced Air,Heat Pump,Recirculation Pump,Electric,Propane
- Cooling features: 90%+ High Efficiency,Heat Pump
Interior Area
- Total structure area: 6,636
- Total interior livable area: 6,636 sqft
Kitchen With Eating Space
- Level: Main
Master Bedroom
- Level: Main
Other
- Level: Lower
Other
- Level: Main
Other
- Level: Garage
Utility Room
- Level: Main
Property
Accessibility
- Accessibility features: Accessible Approach with Ramp,Accessible Bath,Accessible Bedroom,Accessible Entrance
Details
- Parcel number: 12929132000
- Zoning: Residential
- Zoning description: Jurisdiction: County
- Special condition: Standard
- Other equipment: Leased Equipment: None,Wired for Generator
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Second Kitchen,Second Primary Bedroom,Bath Off Primary,Built-In Vacuum,Ceiling Fan(s),Dbl Pane/Storm Window,Dining Room,Fireplace,French Doors,High Tech Cabling,Pantry,Skylight(s),Vaulted Ceiling(s),Walk-In Closet(s),Water Heater,Wet Bar,Wired for Generator
- Has view: Yes
- View description: Bay,Sound,Territorial
- Has water view: Yes
- Water view: Bay,Sound
- On waterfront: Yes
- Waterfront features: Bayfront,No Bank,Saltwater,Sea,Sound
- Frontage length: Waterfront Ft: 112'
- Topography of land: Level,Partial Slope,Steep Slope
- Residential vegetation: Fruit Trees,Garden Space
Lot
- Lot size: 0.75 Acres
- Features: Paved,Value In Land,Cabana/Gazebo,Cable TV,Deck,Green House,High Speed Internet,Moorage,Outbuildings,Patio,Propane,Shop,Sprinkler System
- Lot size dimensions: irregular shape
Parking
- Total spaces: 11
- Parking features: Driveway,Attached Garage,Detached Garage,Off Street
- Has garage: Yes
- Covered spaces: 5
- Uncovered spaces: 6
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
- Coastal Flooding
- Heat Wave
- Inland Flooding
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Thurston County and Washington
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,469 | $101,628 |
| Home Insurance * | $408 | $4,896 |
| Property Taxes | $1,036 | $12,432 |
| Electricity | $453 | $5,446 |
| Total | $10,366 | $124,392 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-23 | Price change | $1,888,000 |
| 2026-04-06 | Listed for sale | $1,988,000 |
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