$298,500
Est. $1,522/mo5142 Palermo Rosa Lane Sw, Olympia, WA 98512
• Listed 2026-06-24•34 days on market
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Based on information submitted to the MLS GRID as of June 24, 2026 at 10:16am (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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Rare opportunity to own a nearly 5-acre cleared homesite just minutes from town! Finding a parcel of this size, quality, and location is becoming increasingly difficult. Most of the legwork has already been completed, including conditional site approval for a 2,500± sq. ft. home, making it easier to bring your vision to life. Well and power are already on site, saving valuable time and expense. Enjoy beautiful territorial views, abundant natural light, and the peace of mind that comes with perpetual privacy. Located within the highly desirable Tumwater School District, this property offers the perfect balance of rural tranquility and everyday convenience. Whether you're ready to build now or planning for the future, this is an exceptional opportunity to create your dream home in a setting that is truly hard to replicate.
Listed by Justin W Hjelm • Capitol Real Estate LLC
Listing updated: June 24, 2026 at 10:16am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2543790
Open houses
No upcoming open houses scheduled for this property.
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Open Sat, Aug 1RexMont Value Snapshot
We found recent nearby sales, but not enough that are similar enough to publish an automated value signal for this home.
Ask RexMont to verify value5142 Palermo Rosa Lane Sw, Olympia, WA 98512
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.
$1,821 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedEstimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
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Olympia is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 13 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.
