Google street view image for 1940 Madrona Beach Rd NW, Olympia, WA 98502

Off market jul 1985 for $72K

$1,208,886

Est. refi paymentEst. refi $465/mo

•

3,411

sq ft

1940 Madrona Beach Rd NW, Olympia, WA 98502

About this home

1940 Madrona Beach Rd NW is a 3,411 square foot house on a 1.81 acre lot with 3 bedrooms and 3.5 bathrooms. - it last sold on July 22, 1985 for $72,000. Based on Redfin's Olympia data, we estimate the home's value is $1,208,886.

Single-familyProperty Type

1872Year Built

1.81 acresLot Size

$354Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$1,208,886

$1.1M since sold in July 1985$47K since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 45.8% higher than the average sale price ($829K) of 6 comparable homes.

SOLD AUG 13, 2026
$749,900
A
3 beds2 baths2,255 sq ft
4545 Steamboat Island Rd NW, Olympia, WA 98502
Listing provided by nwmls
SOLD MAY 11, 2026
$965,000
B
3 beds3 baths3,112 sq ft
4227 Forest Park St NW, Olympia, WA 98502
Listing provided by nwmls
SOLD SEP 4, 2026
$675,000
C
4 beds3 baths3,386 sq ft
4642 Oyster Bay Rd NW, Olympia, WA 98502
Listing provided by nwmls
SOLD OCT 26, 2026
$1,075,000
D
3 beds3 baths2,558 sq ft
2922 Madrona Beach Rd NW, Olympia, WA 98502
Listing provided by nwmls
SOLD OCT 2, 2026
$660,400
E
3 beds2.5 baths3,197 sq ft
3737 Goldcrest Hts NW, Olympia, WA 98502
Listing provided by nwmls
SOLD JUL 17, 2026
$849,900
F
3 beds2.5 baths2,240 sq ft
3936 Forest Park St NW, Olympia, WA 98502
Listing provided by nwmls

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$1,137,411

Est. take-home

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Est. cash available

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Rent

$3,672/mo

Redfin rental estimate

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Market trends in 98502, WA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.6%

0.6% MoM

Median sale price

$631K

$5K MoM

Avg. days on market

26d

8 days MoM

Recently sold homes

120

12 MoM

New listings for sale

$950,000
6 beds4 baths5,994 sq ft
2917 14th Ave NW, Olympia, WA 98502
Rachel Platt • Keller Williams South Sound
$549,000
3 beds2.5 baths2,039 sq ft
628 Miter Dr NW, Olympia, WA 98502
Andrew Farmer • Timber Real Estate
$899,995
3 beds2.5 baths2,675 sq ft
4305 Blubyrd Ln NW, Olympia, WA 98502
Joe Symonette • eXp Realty
EARLY ACCESS
$989,000
3 beds2 baths1,592 sq ft
7729 78th Loop NW, Olympia, WA 98502
$575,000
4 beds2 baths1,862 sq ft
2015 2017 8th Ct SW, Olympia, WA 98502
Brady Fuller • Windermere RE/Himlie
$520,000
4 beds4 baths2,101 sq ft
4305 Quail Run Loop NW Unit A&B, Olympia, WA 98502
Kim Piper • RE/MAX Advantage
$520,000
4 beds4 baths2,101 sq ft
4307 Quail Run Loop SE Unit A&B, Olympia, WA 98502
Kim Piper • RE/MAX Advantage
$445,000
3 beds1 bath1,437 sq ft
824 Dundee Rd NW, Olympia, WA 98502
Lisa Phipps • Better Properties Kitsap
See all

Provided by Redfin

Sale history for 1940 Madrona Beach Rd NW

Year

Property tax

Land + Additions

Assessment*

2026

$9,748 (+1.4%)

$384,600 + $845,700

$1,230,300

2025

$9,614 (+7.7%)

$384,600 + $845,700

$1,230,300

2024

$8,924 (−4.7%)

$389,000 + $843,100

$1,232,100

2023

$9,364 (+5.8%)

$310,600 + $865,900

$1,176,500

2022

$8,853 (+36.3%)

$296,000 + $914,200

$1,210,200

2021

$6,496 (−7.0%)

$326,100 + $660,300

$986,400

2020

$6,985 (+14.0%)

$271,700 + $421,900

$693,600

2019

$6,130 (−7.1%)

$301,700 + $347,600

$649,300

2018

$6,601 (+5.5%)

$235,700 + $319,000

$554,700

2017

$6,255 (+5.1%)

$235,700 + $319,000

$554,700

2016

$5,952 (+8.3%)

$155,900 + $381,200

$537,100

2015

$5,498 (+1.0%)

$196,150 + $296,900

$493,050

2014

$5,441 (−1.6%)

$198,150 + $222,500

$420,650

2013

$5,528 (−0.6%)

$198,150 + $222,500

$420,650

2012

$5,563 (+7.4%)

$194,100 + $225,400

$419,500

2011

$5,181 (−20.7%)

$196,150 + $258,400

$454,550

2010

$6,536 (+0.6%)

$196,150 + $259,600

$455,750

2009

$6,499

$319,450 + $348,000

$667,450

Tax history for 1940 Madrona Beach Rd NW

Year

Property tax

Land + Additions

Assessment*

2026

$9,748 (+1.4%)

$384,600 + $845,700

$1,230,300

2025

$9,614 (+7.7%)

$384,600 + $845,700

$1,230,300

2024

$8,924 (−4.7%)

$389,000 + $843,100

$1,232,100

2023

$9,364 (+5.8%)

$310,600 + $865,900

$1,176,500

2022

$8,853 (+36.3%)

$296,000 + $914,200

$1,210,200

2021

$6,496 (−7.0%)

$326,100 + $660,300

$986,400

2020

$6,985 (+14.0%)

$271,700 + $421,900

$693,600

2019

$6,130 (−7.1%)

$301,700 + $347,600

$649,300

2018

$6,601 (+5.5%)

$235,700 + $319,000

$554,700

2017

$6,255 (+5.1%)

$235,700 + $319,000

$554,700

2016

$5,952 (+8.3%)

$155,900 + $381,200

$537,100

2015

$5,498 (+1.0%)

$196,150 + $296,900

$493,050

2014

$5,441 (−1.6%)

$198,150 + $222,500

$420,650

2013

$5,528 (−0.6%)

$198,150 + $222,500

$420,650

2012

$5,563 (+7.4%)

$194,100 + $225,400

$419,500

2011

$5,181 (−20.7%)

$196,150 + $258,400

$454,550

2010

$6,536 (+0.6%)

$196,150 + $259,600

$455,750

2009

$6,499

$319,450 + $348,000

$667,450

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

RL1/1

Residential Lamird-One Dwelling Unit Per Acre District

The purposes of this district are to: Establish a district that contains limited areas of more intensive rural residential development, consistent with RCW 36.70A.070(5)(d), that existed as of July 1, 1990 at a density of approximately one dwelling unit per acre.; Provide for infill residential development at a maximum density of one dwelling unit per acre, consistent with the development pattern established before July 1, 1990.; Provide development standards to assure that infill residential development is consistent with surrounding uses and can be accommodated without new urban level services.

Permitted uses

Include but are not limited to:

Agriculture
Housing-Single unit
Housing-Multiple units

Property details

Interior

Basement Information
Basement Sq. Ft: 447
Basement Finish: Finished
Basement Type: Finished

Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1
# of 3/4 Baths: 1
# of Bathroom Fixtures: 13

Heating & Cooling
Heating Fuel Type: Electric
Heating Type: Baseboard

Fireplace Information
# of Fireplaces: 1
Has Fireplace

Exterior

Exterior Information
Physical Condition: Very Good
Foundation Type: Concrete
Building Construction Quality: Good
Exterior Wall: Wood Siding
Roof Shape Type: Gable

Property Information
Living Sq. Ft: 3,411
Ground Floor Sq. Ft: 1,487
Building Sq. Ft: 3,411
# of Units: 1
# of Stories: 2
Stories Type: 2
Legal Description: 11-18-3W L2 & 2ND CL TDLS ADJ COM STA 29 ON AR CEN LN PSH 10F NWL

Parking & Garage Information
Parking Type: Frame Garage
Garage/Parking Sq. Ft: 480
Garage / Carport Type: Frame

Lot Information
# of Buildings: 1
Land Sq. Ft: 78,844
Legal Lot Number: 2
School Tax District: GRIFFIN
Municipality Type: 346
Municipality Name: CITY OF RAINIER
Acres: 1.81
Depth Footage: 208
Front Footage: 247
Zoning Code: N
County Use Description: RESIDENTIAL SINGLE
State Use Description: RESIDENCES

Location Information
Parcel Location Influence: Sound

Utility Information
Sewer Type: Septic
Water Service Type: Public

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: 3.5
Sq. Ft.: 3,411
Stories: 2.0
Parking Spaces: —
Basement: No
Accessible: No
Lot Size: 1.81 acres
Style: Single Family Residential
Year Built: 1872
Year Renovated: 1932
County: Thurston County
APN: 13811140300
HOA Dues: —
Garage: No
Features: —

Home facts updated by owner on Jan 31, 2025

Around this home

Schools

K - 12
Preschool & daycare

Griffin School

Public PreK-8 • Assigned • 1.2mi

8/10

Capital High School

Public 9-12 • Assigned • 3.8mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 88° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

6/10 Air Factor

7 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Olympia, WA • 98502

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.5 hours in June and 1.8 hours in December, placing it below the U.S. average for solar exposure.

8.5 hrs

1.8 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.15M – $1.39M

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Home values near 1940 Madrona Beach Rd NW

Data from public records.

Address	Redfin Estimate
1845 Madrona Beach Rd NW, Olympia, WA 3 Beds \| 3.5 Baths \| 3092 Sq. Ft.	$934,027
1841 Madrona Beach Rd NW, Olympia, WA 5 Beds \| 3.5 Baths \| 2506 Sq. Ft.	$689,929
1825 Madrona Beach Rd NW, Olympia, WA 3 Beds \| 2.5 Baths \| 3016 Sq. Ft.	$597,425
1847 Madrona Beach Rd NW, Olympia, WA 3 Beds \| 2 Baths \| 1644 Sq. Ft.	$611,134
2004 Shaker Church Rd, Olympia, WA 2 Beds \| 3 Baths \| 3220 Sq. Ft.	$761,130

Address	Redfin Estimate
1930 Madrona Beach Rd NW, Olympia, WA - Beds \| 1 Baths \| 1600 Sq. Ft.	$522,035
1700 Madrona Beach Rd NW, Olympia, WA 3 Beds \| 2 Baths \| 2112 Sq. Ft.	$732,474
2140 Madrona Beach Rd NW, Olympia, WA 2 Beds \| 1 Baths \| 2452 Sq. Ft.	$566,630
2330 Madrona Beach Rd NW, Olympia, WA 3 Beds \| 1 Baths \| 984 Sq. Ft.	$536,727

Address	Redfin Estimate
1932 Madrona Beach Rd NW, Olympia, WA 5 Beds \| 4 Baths \| 3316 Sq. Ft.	$987,210
1926 Madrona Beach Rd NW, Olympia, WA 4 Beds \| 3 Baths \| 2594 Sq. Ft.	$1,061,009
2144 Madrona Beach Rd NW, Olympia, WA 3 Beds \| 3 Baths \| 2024 Sq. Ft.	$1,009,947
2000 Madrona Beach Rd NW, Olympia, WA 3 Beds \| 2 Baths \| 2112 Sq. Ft.	$762,054

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 98502, WA

Sale history for 1940 Madrona Beach Rd NW

Tax history for 1940 Madrona Beach Rd NW

Zoning

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 98502

Home values near 1940 Madrona Beach Rd NW

More real estate resources