Sold550d on market
5530 Forest Shores Drive NW
Olympia, WA, 98502 • 98502 • Thurston County
$1,100,000
$619/sqft
3Beds
2Baths
1,778Sqft
1.3 acLot
1991Built
Property DNA
Waterfront Property
Bay/Harbor, Saltwater, Sound
Scenic Views
Bay · Territorial
Aspinwall
98502
Outdoor Living
Bath Off Primary · Ceiling Fan(s) · Double Pane/Storm Window · Dining Room · Fireplace · Wall to Wall Carpet
1 Fireplace
Gas · Main Level: 1 · Fireplace
2-Car Garage
Attached Garage
This home is getting attention
Listed 550 days ago · 19 views · 2 saves
Market activity
Demand and pricing signals for this listing
19 views
People checking out this listing
2 saves
Buyers have saved this home
550 days on market
Established listing
$619/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 35% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1991
Rare opportunity to own a beautiful waterfront rambler with panoramic views from every room! This home features new laminate flooring in the living room to the primary bedroom, a new roof, skylight, fresh interior paint, painted decks, and gutters. Cozy up by the gas fireplace or stay cool with the heat pump. The primary bedroom offers a slider leading to breathtaking bay views. With 100 feet of water frontage, a new bulkhead, oyster and steamer beds, a cleaning station, shed, and sprinkler system, this property is perfect for waterfront living. Abundant storage and closet space make it as practical as it is stunning!
Estimated monthly payment
Based on current rates
$6,850/month
Principal & Interest$5,383
Property Tax$1,100
Insurance$367
Down payment20% ($220,000)
3%50%
Est. 6.19% rate · 30yr fixed · $880,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1991
HeatingFireplace, Heat Pump, Electric
CoolingHeat Pump
Parking2 Attached Garage spaces
Lot1.33 Acres
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Year built1991
Stories1
Systems
HeatingFireplace, Heat Pump, Electric
CoolingHeat Pump
RoofComposition
ConstructionWood Siding
Water / SewerIndividual Well / Septic Tank
Parking & Outdoor
ParkingAttached Garage
Garage2 spaces
Fireplaces1
Lot1.33 Acres
Location & Tax
Neighborhood98502
Annual tax$9,953
Parcel48600000500
Bathrooms & Fees
Full baths1
Features & details
12 categories of property features
Interior Features
Interior
Bath Off Primary
Ceiling Fan(s)
Dining Room
Appliances
Dishwasher(s)
Refrigerator(s)
Stove(s)/Range(s)
Flooring
Carpet
Heating
Fireplace
Heat Pump
Electric
Cooling
Heat Pump
Fireplace
Gas
Main Level: 1
Fireplace
Windows
Double Pane/Storm Window
Exterior Features
Parking
Attached Garage
Construction
Wood Siding
Patio & Porch
Bath Off Primary
Ceiling Fan(s)
Double Pane/Storm Window
Dining Room
Fireplace
Wall to Wall Carpet
Lot Features
Deck
Outbuildings
Sprinkler System
Views
Bay
Territorial
Room details
10 rooms detailed
Master Bedroom
MainBedroom
MainBedroom
MainBathroom Full
MainBathroom Three Quarter
MainDining Room
MainListing insights
Market data and value estimates
StatusSold
Days on market550
Est. value$1,096,800
Est. rent$2,673/mo
Tax rate0.81%
Price/sqft$619
On marketOct 1, 2024
PostedSep 17, 2024
Last sold$1,100,000
MLS statusSold
MLS updatedOct 4, 2024
Tour days6
Views19
Favorites2
How are the schools in Olympia?
3 schools rated nearby
Location
Olympia, WA, 98502
Price history
6 events
DateEventPrice$/sqftSource
Mar 10, 2026Listing Removed$3,400$2Zillow Rentals
Feb 19, 2026Price Change$3,400$2Zillow Rentals
Feb 15, 2026Listed For Rent$3,500$2Zillow Rentals
Oct 4, 2024Sold$1,100,000$619NWMLS as distributed by MLS GRID
Sep 21, 2024Pending Sale$1,100,000$619NWMLS as distributed by MLS GRID
Sep 17, 2024Listed For Sale$1,100,000$619NWMLS as distributed by MLS GRID
Listing Removed$3,400
Mar 10, 2026•$2/sqft•Zillow Rentals
Price Change$3,400
Feb 19, 2026•$2/sqft•Zillow Rentals
Listed For Rent$3,500
Feb 15, 2026•$2/sqft•Zillow Rentals
Sold$1,100,000
Oct 4, 2024•$619/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,100,000
Sep 21, 2024•$619/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,100,000
Sep 17, 2024•$619/sqft•NWMLS as distributed by MLS GRID
Tax history
23 years of records
YearTax paidAssessed value
Apr 8, 2024$10,765$980,000
Apr 8, 2023$9,953$898,000
Apr 8, 2022$8,380$768,100
Apr 8, 2021$8,136$652,800
Apr 8, 2020$7,462$543,500
Apr 8, 2019$6,277$573,200
Apr 8, 2018$6,211$506,300
Apr 8, 2017$5,942$474,100
Apr 8, 2016$5,942$464,000
Apr 8, 2014$5,942$441,200
Apr 8, 2013—$407,100
Apr 8, 2012$6,233—
Apr 8, 2011——
Apr 8, 2010——
Apr 8, 2009$6,154—
Apr 8, 2008——
Apr 8, 2007$6,218—
Apr 8, 2006$7,809—
Apr 8, 2005$4,795—
Apr 8, 2004——
Apr 8, 2002——
Apr 8, 2001$3,901$244,000
Apr 8, 2000$3,901$244,000
Nearby homes
Neighborhood details
Local context around this listing
Olympia, WA • Thurston County
Nearby cities
BucodaCentraliaLaceyNisqually Indian CommunityOlympiaRainierRochesterTenino
Nearby zip codes
98502
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Based on information submitted to the MLS GRID as of 2026-04-07 17:03:53 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. [Click here for more information](/mls-disclaimers/#39)
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