Nestled on an expansive 4.8-acre lot in the serene surroundings of Summit Lake, this home is a true gem offering the perfect blend of peace, privacy, and modern comfort. This thoughtfully updated home is designed to enhance both style and functionality, creating a lifestyle that's as relaxing as it is practical. Recent updates include a durable 30-year asphalt roof (2020), new stainless steel kitchen appliances with a sink and faucet (2021), and freshly painted kitchen cabinets with soft-close hardware (2023). The main floor boasts beautiful new laminate flooring (2022), while custom closet organizers throughout the home add an extra touch of convenience. Outside, you'll find a new stamped concrete walkway (2024), a finished cedar deck (2025), and a double garage door with insulation and windows (2024). Additional upgrades include outdoor wiring for a 2p-40 amp EV charger, gutter screens, fresh exterior paint, and electrical prep for a heat pump and shop. The sprawling grounds offer plenty of room to roam and enjoy the great outdoors, including a cozy private fire pit—perfect for gathering with friends under the stars. This property strikes the perfect balance between natural beauty and contemporary living. Conveniently located just a short drive from town, it’s an ideal retreat or a peaceful full-time residence.
Active
Listed by: COMPASS
$639,950
508 Summit Lake Shore Drive NW, Olympia, WA 98502
3beds
1,584sqft
Est.:
Single Family Residence
Built in 2002
4.8 Acres Lot
$632,800 Zestimate®
$404/sqft
$-- HOA
What's special
Finished cedar deckCozy private fire pitBeautiful new laminate flooringThoughtfully updated home
- 3 hours |
- 71 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: 9 hours ago
Listed by:
Danny Buelt,
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2502862
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Second
Bonus room
- Level: Second
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Heating
- Fireplace, Forced Air, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s)
Features
- Bath Off Primary, Ceiling Fan(s), Dining Room
- Flooring: Laminate, Carpet
- Windows: Skylight(s)
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Electric, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,584
- Total interior livable area: 1,584 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Driveway, Attached Garage
- Has attached garage: Yes
- Covered spaces: 2
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Dining Room, Fireplace, Skylight(s), SMART Wired, Wired for Generator
- Has view: Yes
- View description: Lake, Partial
- Has water view: Yes
- Water view: Lake
Lot
- Size: 4.8 Acres
- Features: Open Lot, Secluded, Value In Land, Deck, Electric Car Charging, Outdoor Fireplace
- Topography: Sloped
- Residential vegetation: Wooded
Details
- Parcel number: 13818220022
- Special conditions: Standard
- Other equipment: Wired for Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 2 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 2002
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Shared Well, Company: Shared Well
Community & HOA
Community
- Features: Boat Launch, Clubhouse, Park, Playground, Trail(s)
- Subdivision: Summit Lake
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $404/sqft
- Tax assessed value: $418,400
- Annual tax amount: $4,661
- Date on market: 4/8/2026
- Cumulative days on market: 1 day
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Road surface type: Dirt
Estimated market value
$632,800
$601,000 - $664,000
$2,435/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/9/2026 | Listed for sale | $639,950+189.6%$404/sqft |
Source:  NWMLS as distributed by MLS GRID #2502862 Report a problem | ||
| 7/30/2014 | Sold | $221,000+2.8%$140/sqft |
Source: NWMLS as distributed by MLS GRID #638575 Report a problem | ||
| 6/11/2014 | Listed for sale | $215,000$136/sqft |
Source: Keller Williams - Olympia #638575 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,662 -6.6% | $418,400 -6% |
| 2023 | $4,994 +10.2% | $445,300 +8.5% |
| 2022 | $4,533 +2.4% | $410,600 +17% |
| 2021 | $4,428 +9.4% | $351,000 +20.5% |
| 2020 | $4,049 +23.3% | $291,400 +7.9% |
| 2019 | $3,284 +2.9% | $270,000 +3.5% |
| 2018 | $3,190 +10.9% | $260,800 +19.5% |
| 2017 | $2,876 | $218,200 +2.7% |
| 2016 | $2,876 | $212,400 +1.4% |
| 2014 | $2,876 | $209,400 +8.2% |
| 2013 | -- | $193,450 |
| 2012 | $2,717 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $3,067 | -- |
| 2008 | -- | -- |
| 2007 | $2,415 -33.2% | -- |
| 2006 | $3,612 +46.3% | -- |
| 2005 | $2,469 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
$3,593/mo
Principal & interest
$3161
Property taxes
$432
More affordability tools
Climate risks
Neighborhood: 98502
Nearby schools
GreatSchools rating
- 3/10McLane Elementary SchoolGrades: PK-5Distance: 6.4 mi
- 8/10Thurgood Marshall Middle SchoolGrades: 6-8Distance: 7.7 mi
- 8/10Capital High SchoolGrades: 9-12Distance: 8.4 mi
Schools provided by the listing agent
- Elementary: Mclane Elem
- Middle: Marshall Middle
- High: Capital High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 98502
- Washington
- Thurston County
- Olympia
- 98502
- 508 Summit Lake Shore Drive NW
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