6105 Elizan Drive NW, Olympia, WA, 98502
About This Home
INVESTOR SPECIAL w/ 159' of High Bank Totten Inlet waterfront! This Steamboat Peninsula property features two separate homes on one high-bank parcel at the end of a quiet road. The residences are positioned at a private distance from each other, with one located near Elizan Road and the second situated along the water. Both homes include huge entertaining decks designed to take advantage of the western exposure and sweeping views of Totten Inlet.The layout and privacy between the units provide significant Airbnb potential or a flexible setup for multi-generational living. An unfinished shop with DADU potential sits between the homes, and the property also includes a two-car carport and a garden shed.Both homes have functional interiors that would benefit from modernization, and the exteriors require repair. Please note that while the property offers water views, there is no direct water access. This is a "fixer" property available for cash purchase only, offering a straightforward opportunity to build equity through a renovation project. Buyers must be accompanied by licensed agents to visit the property.
Getting Around
Car-Dependent
No Nearby Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Fixer
- Year built: 1974
Materials
- Foundation: Poured Concrete,Slab
- Roof: Composition
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: 2 Story
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Unfinished
Bathroom Full
- Level: Main
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Den Office
- Level: Main
Entry Hall
- Level: Main
Features
- Bath Off Primary
- Number of fireplaces: 1
- Fireplace features: Main Level: 1,Fireplace
- Fireplace: Yes
Heating & Cooling
- Heating features: Fireplace,Baseboard,Electric,Propane
- Cooling features: Wall Unit(s)
Interior Area
- Total structure area: 2,346
- Total interior livable area: 2,346 sqft
Kitchen Without Eating Space
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Main
Other
- Level: Main
Property
Details
- Parcel number: 45920003500
- Zoning: RRR1/5
- Zoning description: Jurisdiction: County
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Bath Off Primary,Fireplace,Vaulted Ceiling(s)
- Has view: Yes
- View description: Sound,Territorial
- Has water view: Yes
- Water view: Sound
- On waterfront: Yes
- Waterfront features: High Bank,Bayfront,Saltwater,Sound
- Frontage length: Waterfront Ft: 121
- Topography of land: Partial Slope,Sloped
- Residential vegetation: Brush,Wooded
Lot
- Lot size: 0.72 Acres
- Features: Dead End Street,Secluded,Outbuildings,Propane
Parking
- Total spaces: 4
- Parking features: Detached Carport,Driveway,Off Street
- Covered spaces: 2
- Uncovered spaces: 2
- Carport: Yes
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 | $1,997 | $23,964 |
| Home Insurance * | $96 | $1,152 |
| Property Taxes | $259 | $3,108 |
| Electricity | $160 | $1,925 |
| Total | $2,512 | $30,144 |
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 |
|---|---|---|
| 2026-05-05 | Listed for sale | $550,000 |
| 2012-11-02 | Sold | $140,000 |
| 2011-10-24 | Price change | $199,900 |
| 2011-08-02 | Price change | $249,900 |
| 2011-05-24 | Listed for sale | $269,900 |
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