$650,000
Est. $3,342/mo1 bd•1 ba•1,188 sq ft
516 1st Street Steilacoom, Steilacoom, WA 98388
• Listed 2026-06-27•5 days on market
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Once upon a time…you found the one. Tucked away on a rare 10,000+ sq. ft. Puget Sound view lot in the heart of Steilacoom, this enchanting storybook cabin captures the warmth, charm, and character that’s nearly impossible to find today. Surrounded by towering evergreens with views of Puget Sound, this one-of-a-kind retreat offers approximately 1,200 sq. ft. featuring soaring ceilings, rich wood accents, a spacious bedroom, and a generous loft where you’ll wake to water views. Beyond its undeniable charm lies extraordinary opportunity. Whether you envision embracing the cabin just as it is, expanding the existing home, building a detached garage with an ADU above, or creating a separate ADU for guests, income, or multigenerational living, the oversized lot offers the space to bring your vision to life (buyer to verify). The possibilities are as endless as your imagination. This isn’t simply a home—it’s a chance to create a legacy property in one of Washington’s most treasured waterfront communities. Just moments from Steilacoom’s waterfront and historic downtown, this magical retreat invites you to enjoy today while building something extraordinary for generations to come. Explore Historic Steilacoom's waterfront, beaches, parks shops, local restaurants and ferry to Anderson Island. It's more than a place to live-it's a place to slow down, make memories and create a lifestyle you have always dreamed of. 15-minute drive to JBLM and I-5. *Driveway belongs to neighbors*
Open houses
Nearby open houses (3)
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$719,000
+$69,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $430K and $1.29M.
Rental earnings
$2,150/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$830,000Last sold price
602 1st Street, Steilacoom, WA 98388
$579,000Last sold price
315 Steilacoom Street, Steilacoom, WA 98388
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
516 1st Street Steilacoom, Steilacoom, WA 98388
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$3,893 per month
Great rateTakes about 5 minutes & won't affect your credit
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of July 26, 2026 at 01:42pm (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Listed by Brenda D Kelley • RE/MAX Exclusive
Listing updated: July 26, 2026 at 01:42pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2545493
11:00 AM – 1:00 PM
$1.99M6 bd · 4.75 ba · 8,283 sqft
2318 Sunnyside Heights Drive Steilacoom, Steilacoom, WA 98388
Open Sat, Aug 112:00 PM – 2:00 PM
$590K3 bd · 1.75 ba · 1,600 sqft
2723 Webber Court Steilacoom, Steilacoom, WA 98388
Open Sun, Aug 2School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
Steilacoom is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: Days-on-market data not available for this area.
$1,195,000 Sold
1 week ago
4 bd•2.25 ba•~3,088 sq ft•Single Family
307 Puyallup Street Steilacoom, Steilacoom, WA 98388
0%
Over list
—
Days on market
1.0 mi
Distance
$499,900 Sold
2 weeks ago
3 bd•2 ba•~1,495 sq ft•Single Family
1069 5th Steilacoom, Steilacoom, WA 98388
0%
Over list
—
Days on market
0.5 mi
Distance
$650,000 Sold
2 weeks ago
3 bd•2.5 ba•~2,049 sq ft•Single Family
811 Union Avenue Steilacoom, Steilacoom, WA 98388
0%
Over list
—
Days on market
0.5 mi
Distance
$784,000 Sold
4 weeks ago
2 bd•1.75 ba•~1,667 sq ft•Single Family
1411 Starling Street Steilacoom, Steilacoom, WA 98388
2%
Under list
—
Days on market
0.6 mi
Distance
$810,000 Sold
4 weeks ago
3 bd•2.5 ba•~2,037 sq ft•Single Family
707 Gove Street Steilacoom, Steilacoom, WA 98388
2%
Under list
—
Days on market
0.4 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
