Experience true lakefront living in this exceptional Summit Lake retreat, offering 100 feet of low-bank waterfront. Enjoy long, sun-soaked summer afternoons and breathtaking sunsets year-round. With minimal steps into the water, this property is perfectly suited for boating, swimming, paddleboarding, and endless days on the lake. Outdoor living is nothing short of extraordinary, with expansive decks and patios span each level of the home. The property features 3 private docks and 2 boathouses which are both equipped with automatic track systems for effortless launching and storage. A massive side deck provides the ideal setting for BBQs, gatherings, while the fully fenced grounds offer privacy. Inside, the Great Room welcomes you with warm pine floors, rich natural wood accents, and soaring 10-foot ceilings. Large windows frame stunning lake views on each floor. The cozy eat-in kitchen is designed for entertaining, featuring stainless steel appliances and abundant cabinetry. The vaulted third-floor primary suite is a private sanctuary, complete with a office nook, a spacious en-suite bath, washer and dryer, plus a private lakeview balcony. The lower level offers 2 bedrooms, a large full bath, washer and dryer, and direct access to the lake, making it ideal for guests or multi-generational living. Thoughtfully designed for both relaxation and recreation—an extraordinary escape built for lasting memories.
Active
Listed by: Morrison House Sotheby's Intl
$1,295,000
545 Summit Lake Shore Road NW, Olympia, WA 98502
3beds
2,282sqft
Est.:
Single Family Residence
Built in 1964
0.61 Acres Lot
$1,282,300 Zestimate®
$567/sqft
$-- HOA
What's special
Private lakeview balconyRich natural wood accentsSpacious en-suite bathAbundant cabinetryStainless steel appliances
- 15 days |
- 1,416 |
- 80 |
Zillow last checked: 7 hours ago
Listing updated: March 12, 2026 at 10:01am
Listed by:
Christina Keller,
Morrison House Sotheby's Intl
Source: NWMLS as distributed by MLS GRID,MLS#: 2479170
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bathroom full
- Level: Second
Bathroom full
- Level: Lower
Other
- Level: Main
Den office
- Level: Second
Dining room
- Level: Main
Entry hall
- Level: Main
Great room
- Level: Main
Kitchen with eating space
- Level: Main
Utility room
- Level: Second
Heating
- Fireplace, Ductless, Wall Unit(s), Electric, Wood
Cooling
- Ductless
Appliances
- Included: Dishwasher(s), Disposal, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s), Garbage Disposal, Water Heater: Electric, Water Heater Location: Lower Level bedroom closet
Features
- Bath Off Primary, Ceiling Fan(s), Walk-In Pantry
- Flooring: Hardwood, Laminate, Slate, Carpet
- Windows: Dbl Pane/Storm Window, Skylight(s)
- Basement: Finished
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 2,282
- Total interior livable area: 2,282 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached Carport, Driveway, Off Street
- Has carport: Yes
- Covered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Fireplace, Skylight(s), Vaulted Ceilings, Walk-In Closet(s), Walk-In Pantry, Water Heater
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Low Bank, Bulkhead, Lake
- Frontage length: Waterfront Ft: 100
Lot
- Size: 0.61 Acres
- Features: Drought Resistant Landscape, Paved, Boat House, Cable TV, Deck, Dock, Fenced-Fully, Gated Entry, High Speed Internet, Outbuildings, Patio, Sprinkler System
- Topography: Level,Partial Slope
- Residential vegetation: Garden Space
Details
- Parcel number: 77200002300
- Zoning: RL2/1
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Northwest Contemporary
- Property subtype: Single Family Residence
Materials
- Log, Stone, Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition,Metal
Condition
- Good
- Year built: 1964
- Major remodel year: 2003
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Lake, Company: Summit Lake- Water Cert on file
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Features: Boat Launch, CCRs, Clubhouse, Gated, Park, Playground, Trail(s)
- Subdivision: Summit Lake
Location
- Region: Olympia
Financial & listing details
- Price per square foot: $567/sqft
- Tax assessed value: $1,088,200
- Annual tax amount: $12,754
- Date on market: 3/3/2026
- Cumulative days on market: 16 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
- Road surface type: Dirt
Estimated market value
$1,282,300
$1.22M - $1.35M
$2,714/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2026 | Listed for sale | $1,295,000+41.3%$567/sqft |
Source:  NWMLS as distributed by MLS GRID #2479170 Report a problem | ||
| 8/26/2020 | Sold | $916,300-0.9%$402/sqft |
Source: NWMLS as distributed by MLS GRID #1625759 Report a problem | ||
| 7/12/2020 | Pending sale | $924,500$405/sqft |
Source: Windermere Peninsula Properties #1625759 Report a problem | ||
| 7/6/2020 | Listed for sale | $924,500+16.3%$405/sqft |
Source: Windermere Peninsula Properties #1625759 Report a problem | ||
| 9/29/2009 | Listing removed | $795,000$348/sqft |
Source: MLS4owners.com #29029756 Report a problem | ||
| 5/29/2009 | Price change | $795,000-7.6%$348/sqft |
Source: MLS4owners.com #29029756 Report a problem | ||
| 5/1/2009 | Price change | $860,000-3.4%$377/sqft |
Source: Point2 #29029756 Report a problem | ||
| 3/21/2009 | Price change | $890,000-3.8%$390/sqft |
Source: Point2 #29029756 Report a problem | ||
| 3/3/2009 | Listed for sale | $925,000+362.5%$405/sqft |
Source: Point2 #29029756 Report a problem | ||
| 6/30/2000 | Sold | $200,000$88/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,914 -2.6% | $1,088,200 -1.8% |
| 2023 | $12,230 +14.3% | $1,108,300 +12.4% |
| 2022 | $10,698 -0.3% | $986,000 +13.8% |
| 2021 | $10,733 +33.1% | $866,300 +46.8% |
| 2020 | $8,065 +12.8% | $590,100 -3.3% |
| 2019 | $7,148 +4.8% | $610,000 +5.2% |
| 2018 | $6,820 +2.4% | $580,100 +20% |
| 2017 | $6,657 | $483,600 -6.8% |
| 2016 | $6,657 | $519,100 +4.6% |
| 2014 | $6,657 | $496,500 +6.7% |
| 2013 | -- | $465,200 |
| 2012 | $6,617 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $6,675 | -- |
| 2008 | -- | -- |
| 2007 | $5,788 -20.6% | -- |
| 2006 | $7,287 +55.7% | -- |
| 2005 | $4,679 | -- |
| 2004 | -- | -- |
| 2002 | -- | -- |
| 2001 | $2,953 +3.9% | $184,200 +4% |
| 2000 | $2,841 | $177,200 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,283/mo
Principal & interest
$6409
Property taxes
$874
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Climate risks
Neighborhood: 98502
Nearby schools
GreatSchools rating
- 3/10McLane Elementary SchoolGrades: PK-5Distance: 6.3 mi
- 8/10Thurgood Marshall Middle SchoolGrades: 6-8Distance: 7.6 mi
- 8/10Capital High SchoolGrades: 9-12Distance: 8.3 mi
Schools provided by the listing agent
- Elementary: Mclane Elem
- Middle: Jefferson Mid
- High: Capital 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.
Local experts in 98502
- Washington
- Thurston County
- Olympia
- 98502
- 545 Summit Lake Shore Road NW
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