Listed by Morrison House Sotheby's Intl
$1,499,000

545 Summit Lake Shore Rd NW Olympia, WA 98502

Estimated payment $9,223/month

Total Views 299
3 Beds
2.5 Baths
2,282 Sq Ft
$657 Price per Sq Ft

Highlights

  • Boathouse
  • 100 Feet of Waterfront
  • Community Boat Launch
  • Thurgood Marshall Middle School Rated A-
  • Docks
  • Gated Community

About This Home

An exceptional Summit Lake home with 100ft low bank waterfront & unbeatable western exposure—FULL day summer sun & stunning year-round sunsets. Outdoor amenities are unrivaled w/ 3 docks & 2 BOATHOUSES, both w/automatic track systems. The Great Room features warm pine floors, natural wood trim & 10' ceilings. The spacious eat-in kitchen includes stainless steel appliances & ample storage. The 3rd floor vaulted primary suite features a spacious en-suite, walk-in closet, an office nook & lakeview balcony. The lower level offers 2 add'l BRs, a large full bath, & seamless lake access. Fully fenced with a massive side deck —perfect outdoor entertaining. Make this extraordinary waterfront retreat your forever getaway.

Listing Agent

Christina Keller

Morrison House Sotheby's Intl License #21001392 Listed on: 08/08/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2416101

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,183

Year Built

  • Built in 1964

Lot Details

  • 0.61 Acre Lot
  • 100 Feet of Waterfront
  • Lake Front
  • Dirt Road
  • Gated Home
  • Property is Fully Fenced
  • Level Lot
  • Sprinkler System
  • Garden
  • Property is in good condition

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Composition Roof
  • Metal Roof
  • Wood Siding
  • Stone Siding
  • Log Siding
  • Wood Composite
  • Stone

Interior Spaces

  • 2,282 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Lake Views
  • Storm Windows
  • Finished Basement

Kitchen

  • Walk-In Pantry
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Slate Flooring

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Detached Carport Space
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Bulkhead
  • Boathouse
  • Docks
  • Deck
  • Patio
  • Outbuilding

Schools

  • Mclane Elementary School
  • Jefferson Mid Middle School
  • Capital High School

Utilities

  • Heating System Mounted To A Wall or Window
  • The lake is a source of water for the property
  • Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 77200002300

Community Details

Overview

  • No Home Owners Association
  • Summit Lake Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Boat Launch
  • Community Playground
  • Park
  • Trails

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,183

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 1964
  • Inclusions: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Active
  • Prev Status: Active
  • Architectural Style: Northwest Contemporary
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 2282
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: VirtualTour
  • Cumulative Days on Market: 2

Interior Features

  • Fireplaces: 1
  • Basement: Finished
  • Appliances: Dishwasher(s), Disposal, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate, Slate, Carpet
  • Interior Amenities: Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Fireplace, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Pantry, Water Heater
  • Living Area: 2282
  • Main Level Bathrooms: 1
  • Bathrooms: 2.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 2282
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 2
  • BedroomsUpper: 1
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition, Metal
  • View: Lake
  • Lot Features: Dirt Road, Drought Resistant Landscape, Paved
  • View: Yes
  • Waterfront Features: Low Bank, Bulkhead, Lake
  • Waterfront: Yes
  • Construction Type: Log, Stone, Wood
  • Exterior Features: Log, Stone, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: House
  • WaterfrontFootage: 100
  • WaterAccess: Deeded Access

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Lake
  • Security: Fully Fenced, Security Gate
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Ductless, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Summit Lake- Water Cert on file
  • WaterHeaterLocation: Lower Level bedroom closet
  • WaterHeaterType: Electric
  • CableConnected: Xfinity
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Community Features: Boat Launch, CCRs, Club House, Gated, Park, Playground, Trail(s)
  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Olympia
  • High School: Capital High
  • Middle Or Junior School: Jefferson Mid

Lot Info

  • Parcel Number: 77200002300
  • Topography: Level,Partial Slope
  • Land Lease: No
  • Lot Size Acres: 0.6094
  • Lot Size Sq Ft: 26546
  • Zoning: RL2/1
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Boat House,Cable TV,Deck,Dock,Fenced-Fully,Gated Entry,High Speed Internet,Outbuildings,Patio,Sprinkler System
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2025
  • Tax Annual Amount: 12182.52

Multi Family

  • EnergySource: Electric,Wood

MLS Schools

  • Elementary School: Mclane 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
2024 $12,230 $1,088,200 $350,700 $737,500
2023 $12,230 $1,108,300 $398,100 $710,200
2022 $10,733 $986,000 $387,900 $598,100
2021 $8,065 $866,300 $365,700 $500,600
2020 $8,517 $590,100 $285,100 $305,000
2019 $7,148 $610,000 $235,100 $374,900
2018 $6,820 $499,300 $209,700 $289,600
2017 $6,390 $483,600 $275,000 $208,600
2016 $6,657 $519,100 $243,600 $275,500
2014 -- $496,500 $243,600 $252,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 For Sale $1,499,000 +63.6% $657 / Sq Ft
08/26/2020 08/26/20 Sold $916,300 -0.9% $405 / Sq Ft
07/11/2020 07/11/20 Pending -- -- --
07/06/2020 07/06/20 For Sale $924,500 -- $409 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $916,300 Chicago Title
Quit Claim Deed -- None Available
Quit Claim Deed -- Chicago Title Insurance Co
Warranty Deed $200,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $727,000 New Conventional
Closed $733,040 New Conventional
Previous Owner $199,999 Unknown
Previous Owner $417,000 Unknown
Previous Owner $120,000 No Value Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2416101

Northwest Multiple Listing Service (NWMLS)

APN: 77200002300