Rare opportunity to own a nearly 5-acre cleared homesite just minutes from town! Finding a parcel of this size, quality, and location is becoming increasingly difficult. Most of the legwork has already been completed, including conditional site approval for a 2,500± sq. ft. home, making it easier to bring your vision to life. Well and power are already on site, saving valuable time and expense. Enjoy beautiful territorial views, abundant natural light, and the peace of mind that comes with perpetual privacy. Located within the highly desirable Tumwater School District, this property offers the perfect balance of rural tranquility and everyday convenience. Whether you're ready to build now or planning for the future, this is an exceptional opportunity to create your dream home in a setting that is truly hard to replicate.
Active
Listed by: Capitol Real Estate LLC • Justin W Hjelm
$298,500
5142 Palermo Rosa Lane SW, Olympia, WA 98512
--beds
--baths
4.73Acres
Unimproved Land
Built in ----
4.73 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Abundant natural lightBeautiful territorial viewsPerpetual privacy
- 48 days |
- 321 |
- 35 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Justin W Hjelm,
Capitol Real Estate LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2543790
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 4.73 Acres
- Features: Corner Lot
Details
- Parcel number: 12730230700
- Zoning description: Residential,Jurisdiction: County
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: Not Available
- Sewer: Not Available, Septic Design Applied
- Water: Drilled Well
- Utilities for property: Electricity Connected, Septic Design Applied
Community & HOA
Community
- Subdivision: Olympia
Location
- Region: Olympia
Financial & listing details
- Tax assessed value: $169,600
- Annual tax amount: $1,749
- Date on market: 6/23/2026
- Cumulative days on market: 50 days
- Listing terms: Conventional
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Listed for sale | $298,500+29.8% |
Source:  NWMLS as distributed by MLS GRID #2543790 Report a problem | ||
| 6/30/2006 | Sold | $230,000 |
Source: NWMLS as distributed by MLS GRID #26063375 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,749 -8.5% | $169,600 -7.3% |
| 2023 | $1,913 +73.2% | $183,000 +65.3% |
| 2022 | $1,104 -23.8% | $110,700 -4.1% |
| 2021 | $1,450 -2.6% | $115,400 +7.6% |
| 2020 | $1,488 +26.4% | $107,200 +0.8% |
| 2019 | $1,177 +2.1% | $106,300 +21.5% |
| 2018 | $1,154 +6.5% | $87,500 -0.3% |
| 2017 | $1,083 | $87,750 +25.8% |
| 2016 | $1,083 | $69,750 |
| 2014 | $1,083 | $69,750 +3.3% |
| 2013 | -- | $67,550 |
| 2012 | $999 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $985 | -- |
| 2008 | -- | -- |
| 2007 | $950 +63.2% | -- |
| 2006 | $582 +54.1% | -- |
| 2005 | $378 | -- |
| 2002 | -- | -- |
| 2001 | $329 -2.5% | $18,700 |
| 2000 | $337 | $18,700 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 98512
Nearby schools
GreatSchools rating
- 6/10Littlerock Elementary SchoolGrades: PK-5Distance: 2.4 mi
- 7/10George Washington Bush Middle SchoolGrades: 6-8Distance: 3.9 mi
- 8/10Tumwater High SchoolGrades: 9-12Distance: 5.2 mi
Schools provided by the listing agent
- Elementary: Littlerock Elem
- Middle: George Wash Bush Mid
- High: Tumwater High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $380,0002 bd2 ba952 sqft4925 Palermo Dr SW, Olympia, WA 98512Sold
- $585,0004 bd3 ba2.3k sqft4916 Palermo Rosa Ln SW, Olympia, WA 98512For Sale
- $740,5003 bd3 ba2k sqft4801 Palermo Rosa Ln SW, Olympia, WA 98512Off Market
- $51,0001.26 acres10918 Creekwood Dr SW, Olympia, WA 98512Sold
- $475,0003 bd2 ba1.2k sqft10048 Littlerock Rd SW, Olympia, WA 98512Sold
- $522,0003 bd2 ba1.3k sqft10025 Littlerock Rd SW, Olympia, WA 98512Sold
- $915,0003 bd3 ba2.5k sqft4831 113th Ave SW, Olympia, WA 98512For Sale
- $415,0007 bd4 ba3.6k sqft9905 & 9921 Littlerock Rd SW, Olympia, WA 98512Sold
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
Similar homes
- $279,0004.97 acres8143 Todderjen Lane SW, Olympia, WA 98512Active
MLS ID #2538475, Thomas Schrader. NWMLS as distributed by MLS GRID - $240,0005.6 acres0 Delphi Road SW, Olympia, WA 98512Active
MLS ID #2511111, Julie Paasch. NWMLS as distributed by MLS GRID - $305,0003.59 acres8720 Stoney Creek Lane SW, Olympia, WA 98512Active
MLS ID #2545603, Robert McFadden. NWMLS as distributed by MLS GRID - $199,0005 acres7844 Delphi Road SW, Olympia, WA 98512Active
MLS ID #2510342, Nichole Gottbreht. NWMLS as distributed by MLS GRID - $349,90010.14 acres7128 115th Avenue SW, Olympia, WA 98512ActiveMLS ID #2499279, Kyle Graham. NWMLS as distributed by MLS GRID
- $280,0002.54 acres4937 Black Lake Boulevard SW, Olympia, WA 98512ActiveMLS ID #2525663, Kevin Gordham. NWMLS as distributed by MLS GRID
- $399,95015.45 acres12345 Case Road SW, Olympia, WA 98512ActiveMLS ID #2547311, Paul W Valentine. NWMLS as distributed by MLS GRID
- $399,00010 acres7123 115th Avenue SW, Olympia, WA 98512ActiveMLS ID #2499274, Kyle Graham. NWMLS as distributed by MLS GRID
- $200,00018.86 acres5033 Polehn Road SW, Rochester, WA 98579ActiveMLS ID #2524915, Frank C. Leach. NWMLS as distributed by MLS GRID
- $299,0006.12 acres38 Ray Road, Elma, WA 98541ActiveMLS ID #2563632, Allison Daniels. NWMLS as distributed by MLS GRID
- $284,9505.77 acres14439 Kayson Lane SE, Tenino, WA 98589ActiveMLS ID #2511348, Cory Burger. NWMLS as distributed by MLS GRID
- $375,0008.77 acres8411 Armstrong Road SW, Tumwater, WA 98512ActiveMLS ID #2513977, Greg Fredericksen. NWMLS as distributed by MLS GRID
- $375,00018.89 acres0 xxx Trosper Road SW, Tumwater, WA 98512ActiveMLS ID #2370686, Franco Salerno. NWMLS as distributed by MLS GRID
- $280,00013.1 acres14535 McIntosh Lane SE, Tenino, WA 98589ActiveMLS ID #2562176, Ahtumn H Delacroix. NWMLS as distributed by MLS GRID
- $225,0005.93 acres17837 Sargent Road SW, Rochester, WA 98579ActiveMLS ID #2481355, Chase Lipke. NWMLS as distributed by MLS GRID
- $169,0005.03 acresMcintosh Ridge, Tenino, WA 98589ActiveMLS ID #2562902, Paul Oczkewicz. NWMLS as distributed by MLS GRID
- $349,0007.3 acres6440 19th Lane NW, Olympia, WA 98502ActiveMLS ID #2477570, Christina Keller. NWMLS as distributed by MLS GRID
- $200,0002.04 acres0 Lot 3 Delphi Road SW, Olympia, WA 98512ActiveMLS ID #2510360, Charles Grate. NWMLS as distributed by MLS GRID
- $200,0007.25 acresMcintosh Ridge, Tenino, WA 98589ActiveMLS ID #2562900, Paul Oczkewicz. NWMLS as distributed by MLS GRID
- $189,0006.4 acresMcintosh Ridge, Tenino, WA 98589ActiveMLS ID #2562901, Paul Oczkewicz. NWMLS as distributed by MLS GRID
