Listed by Bill Albright • Coldwell Banker Bain.

For sale

$1,345,500

Est. $8,315/mo —

•

1,950

sq ft

18222 SE Wax Rd, Covington, WA 98042

About this home

Rare opportunity in Covington! This 8.16-acre fully fenced and cross-fenced property offers level pasture, privacy, flexibility, and outstanding income potential. A long private driveway, recently paved with asphalt, creates an impressive entrance and leads you across peaceful Jenkins Creek to a comfortable 1,950 sq. ft. home featuring 3 bedrooms, 2 full baths, and a relaxing sauna. A major highlight is the impressive 4,000 sq. ft. shop, offering parking for 10+ vehicles, abundant storage, large office space, two spacious Flex rooms and two full bathrooms. This versatile setup creates excellent possibilities for a home-based business, guest quarters, multi-generational living, or potential rental income. You will also have the benefit of being on a Private Well and Septic System. This means no Water or Sewer bills. With usable acreage, pastureland, and a highly functional layout, this property delivers space, privacy, and opportunity all in one.

Single-familyProperty Type

1990Year Built

8.16 acresLot Size

$690Price/Sq.Ft.

10 spacesParking

Listed by Bill Albright • Coldwell Banker Bain

Listing updated: Aug 5, 2026 at 02:03pm

Redfin checked: 3 minutes ago

•Source:NWMLS as Distributed by MLS Grid #2503186

Payment calculator

$8,315 per month

Principal and interest$7,071

Property taxes

$1,076

HOA dues

Home insurance

$168

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

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Around this home

Schools

K - 12
Preschool & daycare

Crestwood Elementary School

Public PreK-5 • Assigned • 0.4mi

5/10

Mattson Middle School

Public 6-8 • Assigned • 1.0mi

5/10

Kentwood High School

Public 9-12 • Assigned • 1.2mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

18222 SE Wax Rd · $1,345,500

Strong offer

$1.33M and above

75% chance or better to win

Why $1.33M+ is a strong offer

DAYS ON MARKET

The average home goes pending in 13 days.

SALE-TO-LIST

Most homes are selling 1% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Sauna
Security system
Skylights
Electric, gas and wood-burning fireplaces

Bedrooms
Five bedrooms total
Three bedrooms on the upper level
Two bedrooms on the main level
Primary bedroom on the second level

Bathrooms
Four full bathrooms total
One full bathroom on the main level
One full bathroom on the upper level
Two full bathrooms in the garage area
Three bathtubs
Four showers

Kitchen
Dishwasher
Garbage disposal
Microwave
Stove/Range
Refrigerator

Laundry & utility
Washer
Dryer
Main-level utility room

Flooring
Hardwood
Laminate

Heating & cooling
Heat pump heating
High-efficiency heating
Heat pump cooling
Has heating and cooling

Sale and tax history for 18222 SE Wax Rd

Sale History
Tax History

Date

Event

Price

Jul 2, 2026

Price Changed

NWMLS as Distributed by MLS Grid #2503186

$1,345,500

$690/sq ft

May 18, 2026

Price Changed

NWMLS as Distributed by MLS Grid #2503186

$1,349,500

$692/sq ft

Feb 11, 2026

Listed (Active)

NWMLS as Distributed by MLS Grid #2503186

$1,395,000

$715/sq ft

Feb 18, 2022

Sold (MLS) (Closed)

NWMLS as Distributed by MLS Grid #1878976

$1,100,000

$564/sq ft

Jan 23, 2022

Pending

NWMLS as Distributed by MLS Grid #1878976

—

Jan 19, 2022

Listed (Active)

NWMLS as Distributed by MLS Grid #1878976

$1,000,000

$513/sq ft

Jul 25, 2017

Pending

NWMLS as Distributed by MLS Grid #1099898

—

Apr 25, 2017

Pending (Pending Feasibility)

NWMLS as Distributed by MLS Grid #1099898

—

Apr 25, 2017

Delisted (Cancelled)

NWMLS as Distributed by MLS Grid #1099898

—

Apr 3, 2017

Listed (Active)

NWMLS as Distributed by MLS Grid #1099898

Apr 1, 2017

Delisted (Expired)

NWMLS as Distributed by MLS Grid #1015684

—

Nov 5, 2016

Price Changed

NWMLS as Distributed by MLS Grid #1015684

Oct 20, 2016

Relisted (Active)

NWMLS as Distributed by MLS Grid #1015684

—

Sep 20, 2016

Pending (Pending Feasibility)

NWMLS as Distributed by MLS Grid #1015684

—

Sep 13, 2016

Price Changed

NWMLS as Distributed by MLS Grid #1015684

Aug 16, 2016

Listed (Active)

NWMLS as Distributed by MLS Grid #1015684

Oct 7, 2011

Sold (MLS) (Sold)