Welcome to the Rainier plan at Mills Heights, an intimate new community of just 6 homes perched above Black Lake, with each residence set on a private 5 to 11 acre homesites. A tree-lined paved road winds through the former nursery grounds, where mature landscaping & an extraordinary variety of established trees create a setting unlike any traditional new development. Set on 5.49 acres, this beautifully designed home offers 3 beds, an oversized bonus room, 2.5 baths & a 3 car garage. The stunning kitchen features quartz slab countertops, shaker maple cabinetry w/ full-extension guides and soft-close drawers, an eating bar & stainless steel appliances. The kitchen flows effortlessly into a casual dining nook + spacious great room, while a formal dining room & butler’s pantry w/ wine cooler add a refined touch for entertaining. Hardwood flooring extends through the entry, formal dining room, kitchen & nook. The generous primary suite offers a 5-piece bath w/ tile flooring, a tiled shower & a large walk-in closet. Quartz countertops continue throughout the bathrooms for a cohesive, elevated finish. A substantial backyard patio expands the home’s living space outdoors, surrounded by the privacy & natural beauty of the acreage. Solar panels, a heat pump, an electric hybrid water heater provide modern comfort & energy efficiency. Peaceful and Private, this is the what you've been waiting for...
Active
Listed by: Morrison House Sotheby's Intl • Courtney K. Drennon
$924,950
4130 40th Lane SW, Olympia, WA 98512
4beds
2,553sqft
Single Family Residence
Built in 2026
5.49 Acres Lot
$923,500 Zestimate®
$362/sqft
$-- HOA
What's special
Stunning kitchenOversized bonus roomTree-lined paved roadGenerous primary suiteLarge walk-in closetTiled showerFormal dining room
- --
- on Zillow
- 768
- views
- 67
- saves
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Courtney K. Drennon,
Morrison House Sotheby's Intl
Source: NWMLS as distributed by MLS GRID,MLS#: 2588000
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bathroom full
- Level: Second
Bathroom full
- Level: Second
Other
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Rec room
- Level: Second
Utility room
- Level: Second
Heating
- Fireplace, 90%+ High Efficiency, Forced Air, Heat Pump, Recirculation Pump, Electric, Propane
Cooling
- 90%+ High Efficiency, Forced Air, Heat Pump
Appliances
- Included: Dishwasher, Disposal, Microwave, Stove(s)/Range(s), Dishwasher(s), Garbage Disposal, Microwave(s), Water Heater: Electric Recirc, Water Heater Location: Garage
Features
- Bath Off Primary, Dining Room, High Tech Cabling, Pantry
- Flooring: Ceramic Tile, Engineered Hardwood, Carpet
- Doors: French Doors
- Windows: Dbl Pane/Storm Window, Triple Pane Windows
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Gas, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,553
- Total interior livable area: 2,553 sqft
Video & virtual tour
Property
Parking
- Total spaces: 9
- Parking features: Driveway, Attached Garage, Off Street
- Has attached garage: Yes
- Covered spaces: 3
- Uncovered spaces: 6
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, High Tech Cabling, Pantry, Triple Pane Windows, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wet Bar, Wine/Beverage Refrigerator
- Has view: Yes
- View description: Territorial
Lot
- Size: 5.49 Acres
- Features: Dead End Street, Open Lot, Paved, Secluded, Value In Land, Cable TV, Gated Entry, High Speed Internet, Patio, Propane
- Topography: Level,Partial Slope
- Residential vegetation: Garden Space, Wooded
Details
- Parcel number: 9308030223
- Zoning: SFR
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,2 Story
- Property subtype: Single Family Residence
Materials
- Cement Planked, Stone, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Under Construction
- New construction: Yes
- Year built: 2026
- Major remodel year: 2026
Details
- Builder name: Shepard Family Homes
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: See Remarks, Shared Well, Company: Shared Well
- Utilities for property: Comcast/Xfinity, Comcast/Xfinity
Green energy
- Energy efficient items: Double Wall
Community & HOA
Community
- Features: CCRs, Trail(s)
- Subdivision: Black Lake
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $362/sqft
- Tax assessed value: $114,000
- Annual tax amount: $1,000
- Date on market: 9/26/2026
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Garbage Disposal, Microwave(s), Stove(s)/Range(s)
Estimated market value
$923,500
$877,000 - $970,000
$3,475/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/27/2026 | Listed for sale | $924,950$362/sqft |
Source:  NWMLS as distributed by MLS GRID #2588000 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,000 +0.5% | $114,000 +2.2% |
| 2023 | $995 +14.3% | $111,500 +14.1% |
| 2022 | $871 -20.8% | $97,700 -7% |
| 2021 | $1,099 +2494.8% | $105,100 +16582.5% |
| 2020 | $42 +1% | $630 |
| 2019 | $42 +14.3% | $630 +5% |
| 2018 | $37 -10.2% | $600 |
| 2017 | $41 | $600 +9.1% |
| 2016 | $41 | $550 |
| 2014 | $41 | $550 |
| 2002 | -- | -- |
| 2001 | $35 -32.7% | $330 |
| 2000 | $52 | $330 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 98512
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