Listing Agency: VAN DORM REALTY, INC m***@smithcastleproperties.com Show Phone

Listed By: MICHAEL T. SMITH · License #85845

Source: Corcoran

Added: May 15, 2025 Changed: Mar 16 Last Checked: Aug 12 at 12:20PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of VAN DORM REALTY, INC

Investment Insights

Based on property information with market context.

This 5.5-acre waterfront parcel is located in Oyster Bay and is ready for development. The property offers a Pacific Northwest retreat location with wildlife and privacy. The current owners have obtained the reasonable use exception and conditional septic permit. The site is ready for a 4BR home design to be built on the pre-defined envelope, offering private Pacific Northwest waterfront views. The property is located within the Griffin School district.

Key Highlights

• 5.5 acre Oyster Bay waterfront parcel
• Ready to develop with hard work already completed
• Reasonable use exception and conditional septic permit secured

Property Analytics

Property Profile

Current Use

Waterfront Land

Suggested Use

Top Pick Building Supply Hair Salon Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

8

Businesses Nearby

Explore this area Business Placement

Demographics for 98502, WA

35,698

Population

15,550

Households

2.3

Avg Household Size

41

Median Age

52%

College-Educated

97%

High-School Grad

63.4 sq mi

ZIP Area

563

Density / Sq Mi

$87,154

Median Household Income

$46,404

Median Earnings

$1,569

Median Rent

$496,500

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this waterfront land located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Mixed-Use Office and Warehouse Property

1806 4th Ave E, Olympia, WA 98506

$549,000

2,300 SF

View details

Versatile Building with Redevelopment Potential

509 E 4th Avenue, Olympia, WA 98501

$1,499,000

13,657 SF

View details

Well-Maintained Office Building For Sale

234 8th Avenue SE, Olympia, WA 98501

$999,000

6,914 SF

View details

Restaurant Building with Commercial Kitchen

110-9323 Martin Way E, Olympia, WA 98516

$425,000

1,200 SF

View details

Historic Restaurant Building with Skylit Dining

112 Cherry Street NE, Olympia, WA 98501

$1,175,000

5,867 SF

View details

Medical Office Building with Vacant Suite

3910 Martin Way, Olympia, WA 98506

$3,695,000

8,265 SF

View details

Multifamily Property with Leased Parking

906 908 Adams Street SE, Olympia, WA 98501

$998,000

4,776 SF

View details

Commercial

116 NE State Avenue, Olympia, WA 98501

$736,000

2,000 SF

View details

Four-Suite Office Building

3912 Martin, Olympia, WA 98506

$1,695,000

8,447 SF

View details

Olympia Healthcare Investment Opportunity

115 New View Ct NE, Olympia, WA 98506

Contact for pricing

9,520 SF

View details

Medical Office Portfolio at Black Hills Medical Park

402 BLACK HILLS LN SW OLYMPIA WA 98502-8145, Olympia, WA 98502

Contact for pricing

33,007 SF

View details

Level Graded Commercial Land Pad

2520 Park View Street Northeast, Olympia, WA 98506

$1,199,000

0.96 Acres

View details

Frequently Asked Questions

What type of property is this?

Waterfront Land - 5.5 acre waterfront parcel ready to develop with 4BR home.

Where is this waterfront land located?

The property is located at 5710 Oyster Bay Road Olympia, WA.

What is the asking price?

The asking price for this property is $540,000.

What are key features of this property?

This property features: 5.5 acre Oyster Bay waterfront parcel; Ready to develop with hard work already completed; Reasonable use exception and conditional septic permit secured