$924,950
Est. $5,083/mo4 bd•2.5 ba•2,553 sq ft
4130 40th Lane SW, Olympia, WA 98512
• Listed Sep 27, 2026•29 days active · 29 cumulative
Listing Broker: Morrison House Sotheby's Intl; Courtney K. Drennon; 360-790-0262; courtneylkelley@gmail.com
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Listing Broker: Morrison House Sotheby's Intl; Courtney K. Drennon; 360-790-0262; courtneylkelley@gmail.com
About this home
Welcome to the Rainier plan at Mills Heights, an intimate new community of just 6 homes perched above Black Lake, with each residence set on a private 5 to 11 acre homesites. A tree-lined paved road winds through the former nursery grounds, where mature landscaping & an extraordinary variety of established trees create a setting unlike any traditional new development. Set on 5.49 acres, this beautifully designed home offers 3 beds, an oversized bonus room, 2.5 baths & a 3 car garage. The stunning kitchen features quartz slab countertops, shaker maple cabinetry w/ full-extension guides and soft-close drawers, an eating bar & stainless steel appliances. The kitchen flows effortlessly into a casual dining nook + spacious great room, while a formal dining room & butler’s pantry w/ wine cooler add a refined touch for entertaining. Hardwood flooring extends through the entry, formal dining room, kitchen & nook. The generous primary suite offers a 5-piece bath w/ tile flooring, a tiled shower & a large walk-in closet. Quartz countertops continue throughout the bathrooms for a cohesive, elevated finish. A substantial backyard patio expands the home’s living space outdoors, surrounded by the privacy & natural beauty of the acreage. Solar panels, a heat pump, an electric hybrid water heater provide modern comfort & energy efficiency. Peaceful and Private, this is the what you've been waiting for...
Listed by Courtney K. Drennon • Morrison House Sotheby's Intl
Listing updated: October 12, 2026 at 12:28pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2588000
Around this home
How much should you offer?
4130 40th Lane SW, Olympia, WA 98512
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
- Fireplace
- French Doors
- High Tech Cabling
- Pantry
- Triple Pane Windows
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Water Heater
- Wet Bar
- Wine/Beverage Refrigerator
- Fireplace (gas)
Kitchen
- Dishwasher
- Disposal
- Microwave
- Stove(s)/Range(s)
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
- 2,553 sq ft finished
Flooring
- Ceramic Tile
- Engineered Hardwood
- Carpet
Heating & cooling
- 90%+ High Efficiency heating
- Forced Air heating
- Heat Pump heating
- Recirculation Pump heating
- 90%+ High Efficiency cooling
- Forced Air cooling
- Heat Pump cooling
Schools
Ratings via SchoolDigger- Black Lake ElementaryPublic · Grades K-5 · 1.5 mi · State rank 421 of 1,1386/10
- Tumwater Middle SchoolPublic · Grades 6-8 · 2.5 mi · State rank 159 of 5146/10
- Thurs County Juvenile Det/Tumwater West EPublic · Grades 6-12 · 1.2 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Topography
- Level,Partial Slope
- Vegetation
- Garden Space, Wooded
- Lot number
- 2
- Zoning code
- SFR
- Zoning jurisdiction
- County
Systems
- Energy source
- Electric,Propane
- Power production
- Electric, Propane
- Water heater
- Electric Recirc
- Water heater location
- Garage
- Power company
- PSE
- Water company
- Shared Well
- Sewer company
- Septic
- Gas company
- PSE
- Garbage service
- Lemay
- Irrigation water rights
- No
- Internet connected
- Comcast/Xfinity
- Cable connected
- Comcast/Xfinity
Green & certifications
- Energy-efficient features
- Double Wall
Rooms & extras
- Fireplaces on main
- 1
New construction
- New construction state
- Under Construction
- Estimated completion
- Dec 7, 2026
- Builder
- Shepard Family Homes
- Construction methods
- Double Wall
- Square footage source
- Architect Drawings
- 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 4130 40th Lane SW
NWMLS via MLS GridEvery 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.
- Sep 26, 2026ListedNWMLS via MLS Grid · #2588000$924,950$362/sq ft
Down payment assistance
6 programs may be available to provide you with up to $46,248 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
$5,397 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: Morrison House Sotheby's Intl; Courtney K. Drennon; 360-790-0262; courtneylkelley@gmail.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 61 days.
Recent sales nearby
Within 1 mile · last 6 months$93,500 Sold
4 weeks ago
3 bd•1.75 ba•Single Family
4045 49th Avenue SW #14, Olympia, WA 98512
0%
Over list
86
Days on market
0.7 mi
Distance
$412,000 Sold
8 weeks ago
2 bd•1.75 ba•~2,175 sq ft•Single Family
4100 Dent Road SW, Olympia, WA 98512
3%
Over list
210
Days on market
0.6 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 9:46 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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© 2026 Northwest Multiple Listing Service. All rights reserved.
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