$890,000
Est. $4,891/moPrice reduced $35,000 from the original $925,000 asking price
3 bd•2.5 ba•2,443 sq ft
5542 Meadowood Lane NE, Olympia, WA 98506
• Listed Jul 21, 2026•96 days active · 96 cumulative
Listing Broker: Capitol Real Estate LLC; Mark Ellis; 360-481-7302; markellis@capitolregroup.com
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Listing Broker: Capitol Real Estate LLC; Mark Ellis; 360-481-7302; markellis@capitolregroup.com
About this home
Discover the peace and privacy you've been searching for with this exceptional custom rambler, offering 2,443 sq ft of beautifully designed one-level living on a secluded, level 10-acre property. Tucked away behind a gated entrance, this remarkable home provides the perfect balance of privacy, comfort, and convenience.The spacious open floor plan features 3 bedrooms and 2.5 bathrooms, highlighted by a chef-inspired kitchen with high-end appliances, a large granite island, tile backsplash, generous pantry, and quality finishes throughout. Wood-wrapped windows, fresh interior paint, newly installed carpet, and beautifully updated bathrooms with tile flooring and tiled showers create a warm, inviting atmosphere.The expansive primary suite offers a large walk-in closet and a private retreat to unwind. An attached 2-car garage is complemented by a detached 2-car garage/shop, providing abundant space for vehicles, hobbies, and storage. The fenced acreage offers endless possibilities for animals, recreation, gardening, or simply enjoying the peaceful surroundings.Located just 10 minutes from I-5, downtown Olympia, shopping, schools, and the hospital, you'll enjoy the serenity of country living without sacrificing convenience. Situated in the South Bay Elementary district and just minutes from the Chehalis Western Trail, this is a rare opportunity to own a private estate in an unbeatable location. No HOA. Schedule your private showing today!
Listed by Mark Ellis • Capitol Real Estate LLC
Listing updated: October 19, 2026 at 10:27am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2557841
Around this home
How much should you offer?
5542 Meadowood Lane NE, Olympia, WA 98506
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
- Bath Off Primary
- Dbl Pane/Storm Window
- Dining Room
- French Doors
- Pantry
- Walk-In Closet(s)
- Wired for Generator
Kitchen
- Dishwasher
- Microwave
- Refrigerator
- Stove(s)/Range(s)
Bedrooms
- 3 bedrooms total
- 3 on the main level
Bathrooms
- 2 full bathrooms
- 1 half bathroom
- 2.5 bathrooms total (NWMLS count)
- 3 on the main level
Layout
- 1 Story
- 2,443 sq ft finished
- 472 sq ft garage
Flooring
- Ceramic Tile
- Laminate
- Carpet
Heating & cooling
- Forced Air heating
- None cooling
Schools
Ratings via SchoolDiggerNorth Thurston School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · Grades High—
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
- Topography
- Level
- Vegetation
- Wooded
Systems
- Energy source
- Electric
- Power production
- Electric
- Power company
- PSE
- Water company
- Private Well
- Sewer company
- Septic
- Garbage service
- LeMay
- Irrigation water rights
- No
Rooms & extras
- Bathtubs
- 2
- Showers
- 2
New construction
- Square footage source
- County
- Lot size source
- County
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 5542 Meadowood Lane NE
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 19, 2026Price reducedNWMLS via MLS Grid · #2557841$890,000$364/sq ft
- Jul 21, 2026ListedNWMLS via MLS Grid · #2557841$925,000$379/sq ft
- Jul 10, 2018Recorded saleThurston County recorder$550,000$225/sq ft
Down payment assistance
6 programs may be available to provide you with up to $44,500 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$5,929 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%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Capitol Real Estate LLC; Mark Ellis; 360-481-7302; markellis@capitolregroup.com
Market pulse
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 60 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 10:17 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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