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$579,500

Reduced $40,450 — was $619,950

508 Summit Lake Shore Drive

Olympia, WA 98502

Active
Lake viewPartial view

Beds

3

Baths

2

Sq Ft

1,584

Lot

4.80 ac

Year built

2002

Type

Residential

Days listed

130

MLS #

2515045

About this home

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

Interior features

Bath Off PrimaryCeiling Fan(s)Dining RoomSkylight(s)SMART WiredWired for Generator

Exterior features

WoodWood Products

Appliances

DishwasherDryerMicrowaveRefrigeratorStove(s)/Range(s)Washer

Schools

Elementary

Mclane Elem

Middle

Marshall Middle

High

Capital High

Property details

Heating
Forced Air
Cooling
None, See Remarks
Flooring
Laminate
Parking
Driveway, Attached Garage
View
Lake, Partial
Lot
Dirt Road, Open Space, Secluded, Value In Land
Water source
Shared Well
Sewer
Septic Tank
Levels
Two

Costs

Price / sq ft
$366
Annual taxes
$5,097 (2026)

Estimate your monthly payment

$3,355/mo

Principal & interest
$2,930
Property taxes
$425
Loan amount $463,600

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Olympia, WA 98502

Approximate location. Contact us to confirm the exact address.

Listing courtesy of FIRST AND MAIN— Daniel Buelt.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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