Listed by Coldwell Banker Evergreen
$1,610,000
OPEN SUN 12PM - 2AM

401 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated payment $9,936/month

Total Views 3,373
4 Beds
6 Baths
2,069 Sq Ft
$778 Price per Sq Ft

Highlights

  • Lake Front
  • Docks
  • Greenhouse
  • Thurgood Marshall Middle School Rated A-
  • Community Boat Launch
  • Deck

About This Home

Incredible waterfront opportunity on Summit Lake—rare 2.6 acres across two parcels, formerly a lakeside resort! Five homes offer flexible living or rental potential: a beautifully updated main home w/ new carpet, paint, LVP flooring, a large deck, garage, & stunning lake and territorial views, plus a cute attached studio apartment. A separate 1-bedroom home with 2nd story deck also enjoys a lake view, & two additional cabins complete the setting. Dock with room for multiple boats, greenhouse & storage shed. Rare chance for gatherings, multi-gen living, investment (excellent rental history), or private retreat w/ lake access and unmatched lake and territorial scenery. One of the few with well water on the lake. Just minutes from Olympia.

Listing Agent

Bruce Batson

Coldwell Banker Evergreen License #48666 Listed on: 06/12/2025

Coldwell Banker Evergreen

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2392621

Northwest Multiple Listing Service (NWMLS)

Open House Schedule

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,517

Year Built

  • Built in 1966

Lot Details

  • 2.63 Acre Lot
  • Lake Front
  • Open Space
  • Level Lot
  • 86010000100

HOA Fees

  • HOA YN

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Property Views

  • Lake
  • Territorial

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,069 Sq Ft Home
  • 1.5-Story Property
  • Storm Windows
  • Stove

Flooring

  • Carpet
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Bathroom on Main Level

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Greenhouse
  • Outbuilding

Additional Homes

  • ADU includes 1 Bedroom and 1 Bathroom

Schools

  • Griffin Elementary School
  • Griffin Mid Middle School
  • Capital High School

Utilities

  • Baseboard Heating
  • Propane
  • Well
  • Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 86010000200

Community Details

Overview

  • Summit Lake Subdivision

Recreation

  • Community Boat Launch

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,517

Year Built

Built in 1966

Lot Details

0

HOA Fees

$1 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 11 - 1 1/2 Story
  • Year Built: 1966
  • Inclusions: Refrigerator(s),See Remarks,Stove(s)/Range(s)
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: 401 Summit Condominiums
  • Unit Levels: One and One Half
  • New Construction: No
  • CalculatedSquareFootage: 3333
  • SeniorExemption: false
  • Special Features: OpenHouse
  • Cumulative Days on Market: 50

Interior Features

  • Basement: None
  • Appliances: Refrigerator(s), See Remarks, Stove(s)/Range(s)
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 5
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Double Pane/Storm Window, Water Heater
  • Living Area: 2069
  • Main Level Bathrooms: 6
  • Main Level Bedrooms: 4
  • Bathrooms: 4.75
  • BathsFullMain: 1
  • SquareFootageFinished: 2069
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 5
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Refrigerator(s),See Remarks,Stove(s)/Range(s)
  • ADUBaths: 1
  • ADUBeds: 1
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 6

Exterior Features

  • Roof: Composition
  • View: Lake, See Remarks, Territorial
  • Lot Features: Open Space, Paved
  • View: Yes
  • Waterfront Features: Lake, No Bank
  • Waterfront: Yes
  • Construction Type: Wood
  • Exterior Features: Wood
  • Structure Type: House
  • WaterAccess: Deeded Access

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Baseboard, Ductless
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: Well
  • WaterHeaterLocation: Utility
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Boat Launch
  • Senior Community: No
  • Association Fee: 1
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Common Interest: Residential

Schools

  • Junior High Dist: Griffin
  • High School: Capital High
  • Middle Or Junior School: Griffin Mid School

Lot Info

  • Parcel Number: 86010000200
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 2.6285
  • Lot Size Sq Ft: 114499
  • Additional Parcels Description: 86010000100
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,Dock,Green House,Moorage,Outbuildings,Patio,Propane
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records

Green Features

  • Power Production Type: Electric, Propane

Rental Info

  • ShortTermRentalYN: true

Tax Info

  • Year: 2025
  • Tax Annual Amount: 12517

Multi Family

  • Total Actual Rent: 10415
  • EnergySource: Electric,Propane

MLS Schools

  • Elementary School: Griffin Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $14,129 $1,254,600 $430,800 $823,800
2022 $12,127 $1,145,000 $394,800 $750,200
2021 $11,490 $961,700 $368,300 $593,400
2020 $13,166 $826,900 $337,500 $489,400
2019 $11,106 $930,200 $312,900 $617,300
2018 $10,608 $763,600 $277,400 $486,200
2017 $9,377 $696,200 $359,800 $336,400
2016 $9,472 $726,450 $323,050 $403,400
2014 -- $693,450 $323,050 $370,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 For Sale $1,610,000 +203.8% $483 / Sq Ft
10/31/2014 10/31/14 Sold $530,000 0.0% $156 / Sq Ft
09/15/2014 09/15/14 Pending -- -- --
09/06/2014 09/06/14 Off Market $530,000 -- --
09/05/2014 09/05/14 For Sale $549,900 0.0% $162 / Sq Ft
04/30/2014 04/30/14 Pending -- -- --
03/31/2014 03/31/14 For Sale $549,900 -- $162 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $529,719 Thurston County Title
Warranty Deed $195,000 Thurston County Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $80,000 Seller Take Back
Previous Owner $100,125 Unknown
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2392621

Northwest Multiple Listing Service (NWMLS)

APN: 14813140203