$1,395,000
Est. $7,666/moPrice reduced $55,000 from the original $1,450,000 asking price
2 bd•4.5 ba•4,262 sq ft
4940 78th Avenue NW, Olympia, WA 98502
• Listed Jul 10, 2026•107 days active · 107 cumulative
Listing Broker: Morrison House Sotheby's Intl; Christina Keller; 360-951-2309; christina.keller@mhsir.com
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Listing Broker: Morrison House Sotheby's Intl; Christina Keller; 360-951-2309; christina.keller@mhsir.com
About this home
Exceptional opportunity to own a 3-bedroom (2-bedroom septic), 4.5-bath, 4,262 sq. ft. waterfront retreat with 100 feet of low-tide beach frontage and nearly 180-degree panoramic views of Puget Sound, the Olympic Mountains and abundant marine wildlife. Thoughtfully designed to maximize the breathtaking scenery, this home offers the perfect blend of luxury and comfort. At the heart of the home is a spacious gourmet kitchen featuring a professional 6-burner range, dual dishwashers, extensive cabinetry, generous prep space and an eat-in dining area—all overlooking the water. Expansive living spaces flow seamlessly to view decks and patios, creating effortless indoor-outdoor living. The waterfront primary suite features a private balcony and a newly remodeled, spa-inspired en suite. Two additional bedrooms with remodeled bathrooms provide flexibility for guests or a home office. The daylight lower level includes a spacious flex room with patio access, while the third-floor bonus room offers its own private balcony with spectacular water views. Enjoy minimal stairs to the shoreline for kayaking, paddleboarding and beachcombing. An attached 2-car garage plus 3 additional lower-level garage bays provide exceptional space for vehicles, boats and recreational equipment. Combining panoramic views, peaceful privacy, versatile living spaces and outstanding waterfront amenities, this is a rare opportunity to experience the very best of Puget Sound waterfront living.
Listed by Christina Keller • Morrison House Sotheby's Intl
Listing updated: October 13, 2026 at 10:42am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2552545
Around this home
How much should you offer?
4940 78th Avenue NW, Olympia, WA 98502
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
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.
Property details
Interior features
- Second Kitchen
- Second Primary Bedroom
- Bath Off Primary
- Ceiling Fan(s)
- Dbl Pane/Storm Window
- Dining Room
- Fireplace
- Fireplace (Primary Bedroom)
- French Doors
- Sauna
- Security System
- Skylight(s)
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Water Heater
- Wet Bar
- Wine/Beverage Refrigerator
- 5 fireplaces (gas, wood burning)
- Finished basement
Kitchen
- Dishwasher
- Double Oven
- Microwave
- Refrigerator
- Stove(s)/Range(s)
Bedrooms
- 2 bedrooms total
- 2 upstairs
Bathrooms
- 2 full bathrooms
- 2 three-quarter bathrooms (shower, no tub)
- 2 half bathrooms
- 4.5 bathrooms total (NWMLS count)
- 2 on the main level
Layout
- 2 Stories w/Bsmnt
- 4,262 sq ft finished
- 1,527 sq ft garage
Flooring
- Ceramic Tile
- Stone
- Vinyl Plank
Heating & cooling
- High Efficiency (Unspecified) heating
- None cooling
Schools
Ratings via SchoolDiggerGriffin School District
- Griffin SchoolPublic · Grades PK-8 · State rank 272 of 1,1388/10
- Griffin Mid SchoolPublic · Grades Middle—
- 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
- Lot dimensions
- 100*916*99*85
- Topography
- Level,Partial Slope
- Vegetation
- Brush, Garden Space, Wooded
- Zoning code
- SFR
- Zoning jurisdiction
- County
- Faces
- North
Systems
- Energy source
- Electric,Oil,Propane
- Power production
- Electric, Oil, Propane
- Water heater
- Electric
- Water heater location
- Lower Garage
- Power company
- PSE
- Water company
- Shared Well
- Sewer company
- Septic System
- Gas company
- Blue Star Gas
- Garbage service
- LeMay
- Irrigation water rights
- No
- Internet connected
- Xfinity
- Cable connected
- Xfinity
Rooms & extras
- Bathtubs
- 2
- Showers
- 4
- Fireplaces on main
- 2
- Fireplaces upstairs
- 2
- Fireplaces lower level
- 1
New construction
- Square footage source
- Public Records
- Lot size source
- Public Records
- Effective year built source
- Public Records
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 4940 78th Avenue NW
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.
- Oct 13, 2026Price reducedNWMLS via MLS Grid · #2552545$1,395,000$327/sq ft
- Jul 10, 2026ListedNWMLS via MLS Grid · #2552545$1,450,000$340/sq ft
- Jul 23, 2024SoldNWMLS via MLS Grid · #2172775$985,000$231/sq ft
- Jun 29, 2024PendingNWMLS via MLS Grid · #2172775$995,000$233/sq ft
- Jun 29, 2024Price reducedNWMLS via MLS Grid · #2172775$995,000$233/sq ft
- Oct 19, 2023ListedNWMLS via MLS Grid · #2172775$1,695,000$398/sq ft
Mortgage payment forecast
$8,868 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Morrison House Sotheby's Intl; Christina Keller; 360-951-2309; christina.keller@mhsir.com
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.
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 10:49 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.
Some IDX listings have been excluded from this website.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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