Tucked away near Summit Lake, this private 4.8-acre retreat offers a rare blend of private recreational acreage near Olympia with turnkey updates and future-use flexibility. Surrounded by mature trees and natural beauty, the property invites you to slow down and enjoy your space—whether it’s sipping morning coffee on the deck, exploring your own wooded acreage, or planning future additions like a shop, garden, or trails. In addition to its serene setting, the land features marketable timber, offering potential monetary value and long-term resource appeal.Inside, the home has been thoughtfully updated with new laminate flooring, refreshed kitchen cabinetry with soft-close hardware, and stainless steel appliances, creating a clean, functional space ready for everyday living. Natural light fills the main floor, enhancing the home’s warm and welcoming atmosphere. Major improvements—including a 30-year roof, fresh exterior paint, and upgraded systems—provide peace of mind, while modern touches like EV charging readiness and custom closet organizers add convenience.With nearly 5 acres of land, a double-car garage, and ample room to expand, this property offers flexibility for hobbies, storage, or simply enjoying the privacy that’s increasingly hard to find. Located just minutes from Summit Lake and a short drive to town, this is a unique opportunity to own acreage with both lifestyle appeal and underlying land value. Experience the space, privacy, and potential this property has to
Active
Listed by: FIRST AND MAIN
$619,950
508 Summit Lake Shore Drive NW, Olympia, WA 98502
3beds
1,584sqft
Est.:
Single Family Residence
Built in 2002
4.8 Acres Lot
$607,800 Zestimate®
$391/sqft
$-- HOA
What's special
Double-car garageCustom closet organizersMarketable timberNew laminate flooringStainless steel appliancesFresh exterior paintEv charging readiness
- 25 days |
- 817 |
- 45 |
Zillow last checked:
Listing updated:
Listed by:
Daniel Buelt,
FIRST AND MAIN
Source: NWMLS as distributed by MLS GRID,MLS#: 2515045
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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
Utility room
- Level: Main
Heating
- 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
- Windows: Skylight(s)
- Basement: None
- Has fireplace: No
- Fireplace features: Electric
Interior area
- Total structure area: 1,584
- Total interior livable area: 1,584 sqft
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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, 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, 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
- Utilities for property: Starlink/Centurylink/Mobile Provider
Community & HOA
Community
- Features: Athletic Court, Boat Launch, Clubhouse, Park, Playground, Trail(s)
- Subdivision: Summit Lake
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $391/sqft
- Tax assessed value: $418,400
- Annual tax amount: $5,097
- Date on market: 4/9/2026
- Cumulative days on market: 47 days
- 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
$607,800
$577,000 - $638,000
$2,468/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Listed for sale | $619,950+180.5%$391/sqft |
Source:  NWMLS as distributed by MLS GRID #2515045 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
| 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 | $2,469 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 98502
Nearby schools
GreatSchools rating
- 3/10McLane Elementary SchoolGrades: PK-5Distance: 6.3 mi
- 8/10Thurgood Marshall Middle SchoolGrades: 6-8Distance: 7.7 mi
- 8/10Capital High SchoolGrades: 9-12Distance: 8.3 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- Thurston County
- Olympia
- 98502
- 508 Summit Lake Shore Drive NW
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