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.
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
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.
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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.