1333 East Bay Drive NE, Olympia, WA, 98506
About This Home
Embrace the ultimate Pacific Northwest lifestyle in this classic 1930s waterfront bungalow on Olympia’s sought-after East Bay Drive. Boasting a rare 100 feet of low-bank Budd Inlet saltwater frontage, this property offers sweeping views of the Olympic Mountains, Downtown, the Capitol Dome, and Swantown Marina.Inside, the home is a warm, cozy period piece blending historic charm with modern comfort. Enjoy gorgeous fir floors, vaulted ceilings, vinyl windows, and an efficient ductless mini-split system. The living space perfectly frames the spectacular setting and opens to a spacious view deck. From there, a gentle grassy slope leads right down to the bulkheaded water's edge, creating an ideal spot for peaceful waterfront relaxation.As an incredible bonus, a darling 364 sq ft finished studio apartment sits above the garage. With a proven rental history, it is perfect for offsetting your mortgage, hosting guests, or functioning as a private home office.Enjoy an unbeatable central location surrounded by beautiful parks. Easily stroll or roll to downtown Olympia or Squaxin Park, with schools, the hospital, and freeway access just minutes away. This is a rare opportunity to own a significant stretch of shoreline right in the heart of the city. Come fall in love and make this waterfront dream your own!
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1933
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Cement Planked,Wood Siding,Cement Plank
Notable Dates
- Major remodel year: 1982
Type & Style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Garbage Disposal,Refrigerator(s),Washer(s),Water Heater: Gas (Home),Water Heater: Electric (ADU)
Basement
- Has basement: Yes
- Basement: Unfinished
Bathroom Full
- Level: Main
Bathroom Three Quarter
- Level: Main
Bedroom
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Den Office
- Level: Main
Dining Room
- Level: Main
Entry Hall
- Level: Main
Features
- Ceiling Fan(s),Dining Room
- Window features: Dbl Pane/Storm Window
- Flooring: Bamboo/Cork,Ceramic Tile,Laminate,Softwood,Carpet
- Number of fireplaces: 1
- Fireplace features: Gas,Main Level: 1,Fireplace
- Fireplace: Yes
Heating & Cooling
- Heating features: Fireplace,Ductless,Forced Air,Electric,Natural Gas
- Cooling features: Ductless
Interior Area
- Total interior livable area: 2,951 sqft
Kitchen Without Eating Space
- Level: Main
Living Room
- Level: Main
Master Bedroom
- Level: Main
Utility Room
- Level: Main
Property
Details
- Parcel number: 73250301200
- Zoning: R-6-12
- Zoning description: Jurisdiction: City
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Ceiling Fan(s),Dbl Pane/Storm Window,Dining Room,Fireplace,Vaulted Ceiling(s),Water Heater
- Has view: Yes
- View description: Bay,City,Sound
- Has water view: Yes
- Water view: Bay,Sound
- On waterfront: Yes
- Waterfront features: Low Bank,Bayfront,Bulkhead,Saltwater,Sound
- Frontage length: Waterfront Ft: 100' Budd Inlet Low
- Topography of land: Level,Partial Slope
Lot
- Lot size: 0.33 Acres
- Features: Curbs,Paved,Sidewalk,Cable TV,Deck,Dog Run,Fenced-Partially,Gas Available,High Speed Internet,Patio
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Has garage: Yes
- Covered spaces: 1
- Uncovered spaces: 1
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
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 | $4,545 | $54,540 |
| Home Insurance * | $214 | $2,568 |
| Property Taxes | $760 | $9,120 |
| Electricity | $201 | $2,422 |
| Total | $5,720 | $68,640 |
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 |
|---|---|---|
| 2026-03-16 | Listed for sale | $999,000 |
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