$585,000
Listed at $600,0004 bd•2.5 ba•2,618 sq ft
540 Cherrywood Drive SW, Olympia, WA 98502
• Listed May 29, 2026
RexMont Market Signal for 540 Cherrywood Drive SW
Sold price on recordRexMont Market Signal $585,000
Closed sale price · as of August 28, 2026, the day it sold.
Market Signal since the sale
$574,322
Likely $534,314 – $670,616 · tight read · as of October 1, 2026
Estimate, not an appraisal.
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID; King County Assessor records.
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Listing Broker: Redfin; Rhonda C Olnick; 360-280-1213; rhonda.olnick@redfin.com
Buyer Broker: Redfin
About this home
Experience refined living in this beautifully appointed 4-bedroom + den residence, offering 2,618 square feet of thoughtfully designed living space in one of Olympia's most desirable Westside neighborhoods. Blending timeless elegance with everyday comfort, this exceptional home is ideal for both relaxed living and sophisticated entertaining. At the heart of the home, the gourmet kitchen impresses with rich granite slab countertops, a full tile backsplash, stainless steel appliances, a generous center island with bar seating, and a spacious walk-in pantry. The open-concept design flows effortlessly into the inviting living and dining areas, where gorgeous hardwood floors create warmth and sophistication. Upstairs, a versatile loft provides the perfect space for a media room, home office, or play area. The luxurious primary retreat offers a peaceful escape, featuring a spa-inspired five-piece ensuite and an expansive walk-in closet designed for both comfort and convenience. Step outside to your own private sanctuary. Meticulously landscaped gardens, elegant hardscaping, and a covered patio create an exceptional outdoor living experience, perfect for quiet mornings, evening gatherings, and year-round entertaining. Oversized three-car tandem garage with space for vehicles, storage, and hobbies. Ideally located near top-rated Olympia schools, with convenient access to Hwy 101 and I-5 and JBLM.
Listed by Rhonda C Olnick • Redfin
Listing updated: September 28, 2026 at 04:04am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2530215
Around this home
Property details
Interior features
- Bath Off Primary
- Ceiling Fan(s)
- Dbl Pane/Storm Window
- Dining Room
- Fireplace
- French Doors
- High Tech Cabling
- Loft
- Pantry
- Security System
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Water Heater
- Fireplace (gas)
Kitchen
- Dishwasher
- Disposal
- Dryer
- Microwave
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 4 bedrooms total
- 4 upstairs
Bathrooms
- 2 full bathrooms
- 1 half bathroom
- 2.5 bathrooms total (NWMLS count)
- 1 on the main level
Layout
- 2 Story
- 2,618 sq ft finished
- 776 sq ft garage
Flooring
- Engineered Hardwood
- Laminate
- Carpet
Heating & cooling
- Heat Pump heating
- Forced Air cooling
Schools
Ratings via SchoolDiggerOlympia School District
- McLane Elementary SchoolPublic · Grades PK-5 · State rank 696 of 1,1384/10
- Thurgood Marshall Middle SchoolPublic · Grades 6-8 · State rank 142 of 5148/10
- Capital High SchoolPublic · Grades 9-12 · State rank 59 of 3968/10
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.
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Zoning jurisdiction
- City
- Faces
- West
Systems
- Energy source
- Electric,Natural Gas
- Power production
- Electric, Natural Gas
- Water heater
- Gas
- Water heater location
- Garage
- Power company
- PSE
- Water company
- City of Olympia
- Sewer company
- City of Olympia
- Gas company
- PSE
- Garbage service
- City of Olympia
- Irrigation water rights
- No
- Internet connected
- Xfinity
- Cable connected
- Xfinity
Rooms & extras
- Bathtubs
- 2
- Showers
- 2
- Fireplaces on main
- 1
New construction
- Square footage source
- Realist - Buyer to Verify
- Lot size source
- Realist - Buyer to Verify
Manufactured home
- Land lease
- No
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 540 Cherrywood Drive SW
NWMLS via MLS Grid · Thurston County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Aug 28, 2026SoldNWMLS via MLS Grid · #2530215$585,000$223/sq ft
- Jul 15, 2026PendingNWMLS via MLS Grid · #2530215$600,000$229/sq ft
- May 29, 2026ListedNWMLS via MLS Grid · #2530215$600,000$229/sq ft
- Jan 20, 2014SoldNWMLS via MLS Grid · #518932$280,000$107/sq ft
- Dec 21, 2013PendingNWMLS via MLS Grid · #518932$289,950$111/sq ft
- Dec 21, 2013Price reducedNWMLS via MLS Grid · #518932$289,950$111/sq ft
Market pulse
Olympia is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 93 days.
Recent sales nearby
Within 1 mile · last 6 months$515,000 Sold
3 weeks ago
2 bd•1.75 ba•~1,253 sq ft•Single Family
430 Craftsman Drive NW, Olympia, WA 98502
0%
Over list
21
Days on market
0.6 mi
Distance
$653,406 Sold
3 weeks ago
3 bd•2.5 ba•~2,230 sq ft•Single Family
4816 Luminous (Lot 28) Way NW, Olympia, WA 98502
0%
Over list
231
Days on market
0.5 mi
Distance
$663,312 Sold
4 weeks ago
3 bd•2.25 ba•~2,350 sq ft•Single Family
4826 3rd (lot 12) Avenue NW, Olympia, WA 98502
0%
Over list
262
Days on market
0.4 mi
Distance
$646,781 Sold
4 weeks ago
3 bd•1.75 ba•~1,860 sq ft•Single Family
310 Sunbeam (lot 42) Street NW, Olympia, WA 98502
0%
Over list
347
Days on market
0.4 mi
Distance
$663,747 Sold
4 weeks ago
3 bd•2.25 ba•~2,230 sq ft•Single Family
4820 Luminous (Lot 27) Way NW, Olympia, WA 98502
0%
Over list
265
Days on market
0.5 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 25, 2026 at 9:10 PM PT (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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