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  • Listed by: Coldwell Banker Evergreen • Hunter Sipe
    Bought with: Blue Summit Realty LLC
    $1,525,000

    1325 Summit Lake Shore Rd NW, Olympia, WA 98502

    3beds
    2,755sqft
    Single Family Residence
    Built in 2021
    1.19 Acres Lot
    $1,522,700 Zestimate®
    $554/sqft
    $4,190 Estimated rent

    Home value

    $1,522,700

    $1.45M - $1.60M

    $4,190/mo

    Zestimate® history
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    What's special

    Modern designQuality craftsmanshipBonus roomDedicated home gymSport courtCapturing beautiful lake views
    Built in 2021, this 2,775 sq ft Summit Lake waterfront home combines modern design, quality craftsmanship, and an exceptional setting on one of Thurston County's most sought after lakes. Enjoy approximately 50 feet of waterfront with easy access for boating, paddleboarding, fishing, swimming, or simply taking in the peaceful surroundings from your own shoreline. Large windows fill the home with natural light while capturing beautiful lake views, and the open layout creates inviting spaces for everyday living and entertaining. The kitchen serves as the heart of the home with premium finishes, generous workspace, and seamless flow into the dining and living areas. The home features three bedrooms plus flexible living space, including a bonus room and a dedicated home gym that could also serve as an office, media room, or hobby space. Septic system is approved for three bedrooms. Included in the sale is the 1.04 acre parcel directly across the street at 1324 Summit Lake Shore Rd NW, featuring two detached garages of approximately 400 sq ft each, a sport court, and a pump house for the private well. Store boats, vehicles, recreational equipment, or create the workshop you've always wanted while keeping the waterfront parcel focused on relaxation and lake living. This unique two parcel property provides the flexibility, storage, and recreation space that is difficult to find on the lake.

    Zillow last checked:

    Listing updated:

    Offers reviewed: Jul 27
    Listed by:

    Hunter Sipe,

    Coldwell Banker Evergreen

    Bought with:

    Shannon Knox, 123024

    Blue Summit Realty LLC

    Source: NWMLS as distributed by MLS GRID,MLS#: 2555347MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 1
    • 3/4 bathrooms: 2
    • 1/2 bathrooms: 1
    • Main level bathrooms: 2
    • Main level bedrooms: 1
    Primary bedroom
    • Level: Main
    Bedroom
    • Level: Second
    Bedroom
    • Level: Second
    Bathroom full
    • Level: Second
    Bathroom three quarter
    • Level: Lower
    Bathroom three quarter
    • Level: Main
    Other
    • Level: Main
    Entry hall
    • Level: Main
    Family room
    • Level: Lower
    Kitchen with eating space
    • Level: Main
    Living room
    • Level: Main
    Utility room
    • Level: Main
    Heating
    • Fireplace, Heat Pump, Electric, Propane
    Cooling
    • Ductless, Heat Pump
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s)
    Features
    • Bath Off Primary, Ceiling Fan(s), Pantry
    • Flooring: Ceramic Tile, Laminate, Carpet
    • Windows: Dbl Pane/Storm Window
    • Basement: Daylight,Finished
    • Number of fireplaces: 1
    • Fireplace features: Electric, Gas, Lower Level: 1, Fireplace
    Interior area
    • Total structure area: 2,755
    • Total interior livable area: 2,755 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Attached Carport, Driveway, Detached Garage
    • Has garage: Yes
    • Has carport: Yes
    • Covered spaces: 6
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Main
    • Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Fireplace, Hot Tub/Spa, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Wine/Beverage Refrigerator
    • Has spa: Yes
    • Spa features: Indoor
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Lake
    • Frontage length: Waterfront Ft: 50
    Lot
    • Size: 1.19 Acres
    • Features: Paved, Athletic Court, Deck, Dock, Fenced-Partially, High Speed Internet, Hot Tub/Spa, Outbuildings, Patio, Propane
    • Topography: Level
    Details
    • Parcel number: 77100011300
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: 2 Stories w/Bsmnt
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Year built: 2021
    • Major remodel year: 2021

    Utilities & green energy

    • Electric: Company: PSE
    • Sewer: Septic Tank, Company: Septic
    • Water: Individual Well, Lake, Company: Lake

    Community & HOA

    Community
    • Features: Athletic Court, Boat Launch, Trail(s)
    • Subdivision: Summit Lake
    Location
    • Region: Olympia

    Financial & listing details

    • Price per square foot: $554/sqft
    • Tax assessed value: $1,090,600
    • Annual tax amount: $11,401
    • Offers reviewed: 07/27/2026
    • Date on market: 7/16/2026
    • Listing terms: Conventional,VA Loan
    • Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

    Price history

    DateEventPrice
    9/9/2026Sold$1,525,000$554/sqft
    Source: NWMLS as distributed by MLS GRID #2555347 Report a problem
    7/28/2026Pending sale$1,525,000$554/sqft
    Source: NWMLS as distributed by MLS GRID #2555347 Report a problem
    7/16/2026Listed for sale$1,525,000+435.1%$554/sqft
    Source: NWMLS as distributed by MLS GRID #2555347 Report a problem
    5/28/2020Sold$285,000+42.5%$103/sqft
    Source: NWMLS as distributed by MLS GRID #1594217 Report a problem
    4/29/2020Pending sale$199,950$73/sqft
    Source: Northwest Home Team Realty #1594217 Report a problem
    4/27/2020Listed for sale$199,950$73/sqft
    Source: Northwest Home Team Realty #1594217 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,649 +3.8%$1,090,600 +1%
    2024$9,299 +22%$1,079,500 +20.6%
    2023$7,622 +6.3%$894,900 +8%
    2022$7,168 +86.7%$828,900 +112.6%
    2021$3,839 +131.2%$389,800 +154.6%
    2020$1,660 -8.6%$153,100 -5.2%
    2019$1,816 +0.5%$161,500 -0.5%
    2018$1,807 -10.5%$162,300 -15.6%
    2017$2,019 $192,400 +15.8%
    2016$2,019 $166,100 +0.1%
    2014$2,019 $166,000 +1.2%
    2013-- $164,000
    2012$2,134 --
    2011-- --
    2010-- --
    2009$2,359 --
    2008-- --
    2007$1,946 +0.1%--
    2006$1,945 -38.2%--
    2005$3,146 --
    2004-- --
    2002-- --
    2001$999 -0.4%$77,900 +2.4%
    2000$1,003 $76,100
    Find assessor info on the county website

    Neighborhood: 98502

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,522,700
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,522,700