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JRJeff ReynoldsCompass · Seattle

Listed by Jake Kanev, Windermere Mercer Island

3
Bedrooms
2
Bathrooms
3,316
Square feet
$158
Per sq ft
Single Family Residence
Type
1937
Year built
32,234 sq ft
Lot
0
Days on market

About this property

Opportunity abounds on this huge 3/4-acre high bank lakefront property in the historic Capitol Lake Neighborhood! With a spacious existing home and the potential for big lake views, it’s brimming with possibilities for sweat equity or a fresh start. Add your own renovations to the home’s original 1937 charm, which includes period details like exposed timber beams, wood paneling, hardwood floors, and a masonry fireplace. Perched above a private trail down to the lake, it’s perfectly positioned to take advantage of the scenery. OR bring your contractor and design the lake view home of your dreams. Either way, you’ll benefit from the $400million Capitol Lake restoration project currently underway. You’ll also reap the rewards of a fabulous location in one of Olympia’s nicest neighborhoods, just minutes to the Capitol Building, downtown Olympia, downtown Tumwater, and freeway access. Location, lakefront, and a lovely setting...all this property needs is your vision.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2585593
Listed
September 25, 2026
Days on market
0
Price per sq ft
$158

Unit & building

Unit levels
One and One Half

Parking

Parking
DrivewayRV Parking
Total spaces
6

Views

View
LakeTerritorial

Construction

Year built
1937
Style
17 - 1 1/2 Stry w/Bsmt
Structure
House
Roof
Composition

Heating & cooling

Heating
Forced Air
Cooling
None
Energy source
Natural GasWood

Interior features

Features
Dining RoomFireplaceLoftWater Heater
Fireplaces
1
Fireplace type
Wood Burning

Flooring

Flooring
HardwoodLaminateVinylCarpet

Appliances

Appliances
DishwasherDryerRefrigeratorStove(s)/Range(s)Washer

Lot

Lot features
Dead End StreetPavedSidewalkValue In Land
Lot size
32,234 sq ft
Waterfront
Yes

Terms

Terms offered
CashConventionalVA Loan

Utilities

Water
Public
Sewer
Sewer Connected

Schools

District
Olympia
Elementary
Lincoln Elementary
Middle
Wash Mid
High
Olympia High

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • One and One Half
  • Driveway
  • RV Parking
  • Lake
  • Territorial
  • House
  • Composition
  • Forced Air
  • None
  • Natural Gas
  • Wood
  • Dining Room

Listing history

  1. Listed

    $525,000

    September 25, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$3,058

Principal & interest
$2,655
Property tax (est.)
$403

Assumes $105,000 down (20%), a $420,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of September 25, 2026 at 6:45 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.