$1,349,500
Est. $6,838/mo5 bd•4 ba•1,950 sq ft
18222 Se Wax Road, Covington, WA 98042
• Listed 2026-04-10•15 days on market
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Based on information submitted to the MLS GRID as of May 28, 2026 at 12:27pm (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.
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Rare opportunity in Covington! This 8.6-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, a spacious bedroom, and a full bathroom. This versatile setup creates excellent possibilities for a home-based business, guest quarters, multi-generational living, or potential rental income. With usable acreage, pastureland, and a highly functional layout, this property delivers space, privacy, and opportunity all in one.
Listed by Bill Albright • Coldwell Banker Bain
Listing updated: May 28, 2026 at 12:27pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2503186
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (8)
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Open Sat, Jun 13 +1$642,000
-$707,500 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $700K and $745K.
Rental earnings
$1,925/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$699,990Last sold price
25320 176th Avenue Se, Covington, WA 98042
$700,000Last sold price
24100 184th Avenue Se, Covington, WA 98042
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.
18222 Se Wax Road, Covington, WA 98042
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
$8,251 per month
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Covington 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: The average home goes pending in around 4 days.
$1,108,995 Sold
1 day ago
4 bd•2.5 ba•~3,948 sq ft•Single Family
25614 169th Place Se, Covington, WA 98042
0%
Over list
—
Days on market
0.9 mi
Distance
$1,200,664 Sold
6 weeks ago
4 bd•3.5 ba•~3,948 sq ft•Single Family
25626 169th Place Se, Covington, WA 98042
0%
Over list
—
Days on market
0.9 mi
Distance
$950,000 Sold
2 months ago
5 bd•3.5 ba•~3,250 sq ft•Single Family
24107 184th Avenue Se, Covington, WA 98042
3%
Over list
—
Days on market
0.5 mi
Distance
$550,000 Sold
5 months ago
4 bd•2 ba•~1,710 sq ft•Single Family
18409 Se 263rd St, Covington, WA 98042
1%
Under list
—
Days on market
0.9 mi
Distance
$1,110,995 Sold
5 months ago
5 bd•2 ba•~3,115 sq ft•Single Family
25720 169th Place Se, Covington, WA 98042
0%
Over list
—
Days on market
1.0 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 Jun 2026
Kent School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
