508 Summit Lake Shore Drive Nw

Olympia, WA
$ 579,500 Beds 3 Baths 2 Sq 1,584 Virtual Tour
Monthly Estimate* How much can I afford?

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

  • Price
  • $ 579,500
  • City
  • Olympia
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • THURSTON
  • Half Bathrooms
  • 0
  • Area
  • Thurston Nw
  • Lot Size
  • 4.8 Acres
  • Zip
  • 98502
  • Sqr Footage
  • 1,584
  • Year Built
  • 2002
  • Taxes
  • $ 5097
  • Style
  • 2 Story
  • MLS#
  • 2515045
Listed By: FIRST AND MAIN and NWMLS
Data Source: Northwest Multiple Listing Service (NWMLS)

Features

General

Living Area 1584
Sewer Septic Tank
Heating Forced Air
Cooling None,See Remarks
Possession Closing
Roof Composition
Appliances Dishwasher,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer
Year Built 2002
View Lake,Partial
Topography Sloped
Levels Two
Property Subtype Single Family Residence
Tax Year 2026
Community Features Athletic Court,Boat Launch,Club House,Park,Playground,Trail(s)
County Thurston
New Construction No
Property Type Residential
HOA No
Attached Garage Yes
Subdivision Name Summit Lake
Facing Direction Northwest
Garage Y/N Yes
Full Baths 1
Special Listing Conditions None
Status Active
Directions Drive onto US-101,Keep left to continue on WA-8 W,follow signs for Montesano/Aberdeen,Turn onto Summit Lake Shore Rd NW **If GPS takes you to a gate,just drive past gate to FOR SALE sign**
High School Capital High
City Olympia
Entry Location Main
Senior Community Y/N No
High School District Olympia
MLS Area 441 - Thurston Nw
Lot Size Units Square Feet
Lot Size Square Feet 209088
Carport Y/N No
Listing Terms Cash,Conventional,FHA,VA Loan
Elementary School Mclane Elem
Land Lease Y/N No
Tax Annual Amount 5097
Middle/Junior High School Marshall Middle
Public Remarks 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
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company Shared Well
Property Style 12 - 2 Story
NWM_ShowMapLink Yes

Interior Features

Interior Amenities Bath Off Primary,Ceiling Fan(s),Dining Room,Skylight(s),SMART Wired,Wired for Generator
Basement None
Flooring Laminate
Fireplace Features Electric
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
3/4 Baths 1
Total Bedrooms 3
Main Level Bedrooms 1
Total Baths 2
Power Production Type Electric
Baths Three Quarter Upper 1
Bedrooms Upper 2
Baths Full Main 1
Bathrooms 1.75

Exterior Features

Exterior Amenities Wood,Wood Products
Vegetation Wooded
Parking Features Driveway,Attached Garage
Lot Features Dirt Road,Open Space,Secluded,Value In Land
Water Source Shared Well
Total Parking 6
Inclusions Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
Foundation Details Poured Concrete
Building Area Total 1584
Lot Size Acres 4.8
Waterfront Y/N No
Covered Spaces 2
Irrigation Water Rights Y/N No
Site Features Outdoor Fireplace
Parking Uncovered Total 4

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Vancouver, WA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Mclane Elem
Middle School Marshall Middle
High School Capital High

Price History

4/30/2026 Listed $619,950
6/10/2026 4% - $599,950
7/29/2026 2% - $589,500
8/26/2026 2% - $579,500

Property vs Zip Code Average in 98502

Price
AVG $800K
$580K
Taxes
AVG $6,727
$5,097
Year Built
AVG 1993
2002
Visits
AVG 285
444
Data Provided by Inside Real Estate®

Areas That We Cover

508 Summit Lake Shore Drive Nw Olympia, WA is a Single Family Home for sale at $579500 with 1584 sqft and a lot size of 4.8 Acres Acre(s). 508 Summit Lake Shore Drive Nw Olympia has 3 bedrooms, 2 baths and was built in 2002. The property's zip code is 98502 which is in Olympia, WA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.