$650,000
Est. $3,263/mo4 bd•1 ba•2,060 sq ft
5501 89th Avenue Se, Olympia, WA 98513
• Listed 2026-03-26•1 day on market
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Based on information submitted to the MLS GRID as of July 7, 2026 at 05:55am (date and time MLS GRID Data was obtained). 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.
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Back on market due to failed financing. Over 2,000+ sq ft | 4 bed · 2 bath ~ almost 8 acres — NO HOA! — Peaceful & serene Prime Olympia farm-home on acreage w additional buildable flat parcel opportunity. Minutes to Tumwater’s top-rated schools, shopping & dining. i5 is less than 15min away along w the cities of Tumwater, Olympia, & Lacey. 30min to JBLM. An hour to Seattle & less than 2 to Portland. Best of both worlds. New exterior/interior paint, super clean & well cared for, turn-key & ready to move into, classic charm w two huge rooms that can be used as family rooms, recreational rooms, living rooms, or any way your imagination lets you. Flexible office/dining spaces, tons of storage to say the least, & a large outbuilding for mower/storage. Ideal horse property or hobby farm—plenty of room for a huge shop, barn, 2nd home, livestock, or pasture. Enjoy long walks & bike rides on the Chehalis Western Trail located 1/10 mile away! Frequent wildlife visitors (eagles, deer & more!). Surrounded by high-value homes—strong upside for equity & rental/investment potential. Bring your vision: location, lot size, & layout make this a rare opportunity for lifestyle & long-term growth. New flooring & sub flooring in kitchen, new carpets thru-out, fresh paint thru-out most of the house, new full paint on exterior & front room, new electrical panel, home has pex-piping thru-out, front bathroom newly remodeled, 4 bedroom system. All the pipes coming from the house to the septic are new.
Listed by Jackie E Davis • eXp Realty
Listing updated: July 7, 2026 at 05:55am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2486860
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (2)
See more →
Open Fri, Jul 10 +1
Open Sat, Jul 18$581,000
-$69,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $400K and $710K.
Rental earnings
$1,750/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$431,404Last sold price
5513 Balustrade Boulevard Se, Lacey, WA 98513
$710,000Last sold price
4738 Tenby Lane Se, Olympia, WA 98513
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
5501 89th Avenue Se, Olympia, WA 98513
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$3,886 per month
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Olympia is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 12 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Tumwater School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
