98501 Homes under $700,000

98501 Homes under $700,000

Welcome to the vibrant community of Olympia, Washington, nestled in the heart of Thurston County, where the zip code 98501 offers a delightful blend of urban conveniences and natural beauty. Known for its rich history and picturesque landscapes, Olympia is not just the state capital; it’s a thriving hub for families, professionals, and nature enthusiasts alike.

One of the most appealing aspects of this area is the diverse range of homes available, particularly for those seeking properties under $700,000. Whether you’re a first-time homebuyer, looking to downsize, or searching for a cozy family abode, Olympia has something for everyone. From charming Craftsman-style houses to modern townhomes, the housing market in the 98501 zip code is brimming with options that cater to various tastes and lifestyles.

Living in Olympia means you’ll have easy access to a plethora of amenities, including local shops, cafes, and restaurants that showcase the region's unique culture. Enjoy weekends exploring the scenic waterfront, hiking through lush parks, or visiting the renowned Washington State Capitol. The community is also known for its excellent schools and vibrant arts scene, making it an ideal place to call home.

With homes priced under $700,000, the opportunity to invest in this dynamic area is ripe for the picking. Embrace the Pacific Northwest lifestyle and discover the perfect home in Olympia, where every day feels like a retreat. Come explore what makes 98501 a wonderful place to live, work, and play!

Newest 98501 Homes under $700,000

7040 Desperado Drive SE, Tumwater
$675,000
4 Beds ⋅ 4 Baths ⋅ 2591642 MLS ⋅ ACTIVE Status
Welcome to 7040 Desperado Dr SE, a beautifully maintained, one-owner home offering space, flexibility, and exceptional privacy in Tumwater. The kitchen features granite countertops, while spacious bedrooms, a bonus room, and a den off the utility room provide plenty of room to spread out. The primary suite features a 5-piece bath and large walk-in closet. A standout feature is the mother-in-law suite, complete with its own appliances and direct access to a private fenced patio. All appliances throughout the home, including those in the suite, stay! Out back, enjoy peaceful views of the retention pond and wooded sanctuary. With no homes behind you, no neighbor to the left, and a single-level home to the right, you'll enjoy incredible privacy—even from the second story. Trails through the woods lead toward the Deschutes River, bringing nature right outside your backyard. The neighborhood also features a park for kids and access to Munn Lake, complete with a boat launch and great fishing. Additional highlights include a brand-new garage door opener, brand-new upstairs dryer, and fans installed by a licensed and bonded contractor. A unique combination of flexible living, generous space, beautiful views, privacy, and outdoor recreation!

7040 Desperado Drive SE, Tumwater

Listing Broker: Coldwell Banker Evergreen; Zack Durham; 360-481-2073; melandzack@cbolympia.com

7026 Monaco Drive SE, Tumwater
$515,000
3 Beds ⋅ 2 Baths ⋅ 2591430 MLS ⋅ ACTIVE Status
Rare opportunity in a highly desirable Tumwater School District neighborhood where homes rarely come to market! This well-maintained single-story home sits on a large lot, offering plenty of space, privacy, and comfortable one-level living. A brand-new roof provides added peace of mind and long-term value. Located in an established neighborhood known for its low turnover, this is the kind of property buyers wait for—combining a generous lot, convenient single-story floor plan, and an exceptional Tumwater location. Don’t miss this opportunity to make it yours!

7026 Monaco Drive SE, Tumwater

Listing Broker: Capitol Real Estate LLC; Justin W Hjelm; 360-480-8813; justinhjelm@capitolregroup.com

1213 Boulevard Road SE, Olympia
$536,000
6 Beds ⋅ 3 Baths ⋅ 2591022 MLS ⋅ ACTIVE Status
1213 Boulevard Rd SE is a one-story Olympia home with five bedrooms, three bathrooms and 2,411 square feet of living area. White cabinetry and counter space line the kitchen, with a range, refrigerator and dishwasher in place. The adjoining dining area leads through an archway to a living room centered on a fireplace. A second fireplace and a vaulted ceiling with exposed beams distinguish the primary bedroom, which has direct access to a bathroom. A separate laundry room sits along the primary-bedroom hall. A rear yard and front carport add outdoor space and covered parking.

1213 Boulevard Road SE, Olympia

Listing Broker: Opendoor Brokerage, LLC; Sharon Parmenter; 206-202-8947; Sharon.Parmenter@opendoor.com

7236 Twin Cedar Lane SE, Tumwater
$684,000
3 Beds ⋅ 3 Baths ⋅ 2590122 MLS ⋅ ACTIVE Status
Welcome to a quiet nature retreat near Munn Lake in Tumwater! This unique multi-level 3-bedroom, 2.5-bath home offers a thoughtfully designed layout with modern touches, abundant natural light, and inviting spaces throughout. Skylight brightens the home, while the spacious living and dining rooms provide plenty of room to relax and entertain. The private primary suite occupies its own level for added separation and privacy. The kitchen features a convenient breakfast nook, and the large media/recreation room offers flexible space for movie nights, hobbies, or gatherings. Enjoy a dedicated office, exceptional laundry area, extra storage space, and an exercise alcove for everyday convenience. Step outside to a deck and patio surrounded by a peaceful, treed yard—an ideal setting for morning coffee, outdoor dining, or simply enjoying the natural surroundings. Take a short walk to enjoy the private community access to Munn Lake picnic area. A distinctive home offering space, privacy, and a tranquil setting close to stores, shopping, schools in Tumwater and convenient access to I5. Located within walking distance of community common areas, trails, and the beach at Munn Lake, this home combines privacy, nature, and room to live your way.

7236 Twin Cedar Lane SE, Tumwater

Listing Broker: Northfork Realty; Corina Watt; 360-789-1528; corinawatt@nfrrealty.com

2012 Lorraine Drive SE, Olympia
$620,000
3 Beds ⋅ 2 Baths ⋅ 2590053 MLS ⋅ ACTIVE Status
Looking for close-in 1-story home on acreage just south of Tumwater? Nicely maintained one owner home on 4.69 acres giving you a beautiful, secluded and private treed setting. You will love the open and vaulted floor plan. The great room, dining room and kitchen are perfect for entertaining. Primary bedroom with separate bath and walk-in closet. Large 432 sq ft deck to relax and entertain with territorial views. You won't have to worry about losing power, the home has a brand new 22kw Generac Home Guard automated whole home generator system. Cozy woodstove will keep you nice and toasty on cold winter nights. RV Pad with water & power. 2 additional 1 car garages for collector cars, tractor, boat, big toys or shop space. Additional metal storage container (40 feet, purchased brand new and three years old) for all of your collectables. Enjoy the country setting with short commute to I-5, Tumwater, stores and services.

2012 Lorraine Drive SE, Olympia

Listing Broker: Century 21 Van Dorm Realty; Kent Stottlemyre; 360-791-1855; stottlemyre@msn.com

7015 Gaston Lane SW, Tumwater
$625,000
2589887 MLS ⋅ ACTIVE Status
Here is your opportunity to acquire this well-maintained duplex, with each unit offering 1,032 square feet, 2 bedrooms, 1 bath, a washer/dryer hookup, wood burning stove, and a private attached garage. Recent updates include a 2-year-old roof and new private yard fencing, adding to the property's turnkey appeal. Garage doors were just replaced. Ideally situated close to Tumwater High School, near Tumwater City Hall, and just minutes from several state office buildings, this location offers convenient access to everyday amenities and commuter routes. You can live in one unit and rent the other to help offset your housing costs and for an investor, both units offer rental income potential. Second duplex, same owner, across street, so opportunity to own both at the same time. The tenant pays electric and the owner pays water. Don't miss this chance to own a well-cared-for property in a convenient Tumwater location.

7015 Gaston Lane SW, Tumwater

Listing Broker: Skyline Properties, Inc.; Eric Johnson; 206-550-4573; eric@skylineproperties.com

7016 Gaston Lane SW, Tumwater
$625,000
2589979 MLS ⋅ ACTIVE Status
Here is your opportunity to acquire this well-maintained duplex, with each unit offering 1,032 square feet, 2 bedrooms, 1 bath, a washer/dryer hookup, and a private attached garage. Recent updates include a 2-year-old roof and new private yard fencing, new garage doors adding to the property's turnkey appeal. One of the units has a wood burning stove. Ideally situated close to Tumwater High School, near Tumwater City Hall, and just minutes from several state office buildings, this location offers convenient access to everyday amenities and commuter routes. You can live in one unit and rent the other to help offset your housing costs — and for an investor, both units offer rental income potential. Another duplex across street, same owner, for sale at the same time. The tenant pays electric and the owner pays water. Don't miss this chance to own a well-cared-for property in a convenient Tumwater location.

7016 Gaston Lane SW, Tumwater

Listing Broker: Skyline Properties, Inc.; Eric Johnson; 206-550-4573; eric@skylineproperties.com

1018 Capitol Way S Unit #5B, Olympia
$480,000
1 Beds ⋅ 2 Baths ⋅ 2587356 MLS ⋅ ACTIVE Status
Ready to live in the heart of Olympia? Watch the greatest sunsets in this west facing, penthouse condo complete with floor to ceiling windows, designer window treatments, open concept and urban living at it's finest. All new paint, den turned bedroom with bunkbeds and built in closet system. Primary boasts designer chandelier, custom walk-in closet, soaking tub with easy ADA access throughout. PLUS! This is the only condo in the building with it's very own designated storage unit on the same floor. Peekaboo view of Capitol dome & Olympics plus full view of the Black Hills and all those Lakefair fireworks! Walk across the street to the capitol building, perfect for leg and just a hop onto I5 to get you where ever you need to go. Yes, it is dangerous living above Meconi's sub shop & the espresso bar but you are close to downtown shopping, restaurants, the waterfront and Capitol Lake. It's all at your fingertips!

1018 Capitol Way S Unit #5B, Olympia

Listing Broker: Coldwell Banker Evergreen; Kelley Morgan; 360-402-1775; Kelley.Morgan@cbolympia.com

1205 Arab Drive SE, Olympia
$499,999
3 Beds ⋅ 2 Baths ⋅ 2584868 MLS ⋅ ACTIVE Status
Exclusive lender paid rate buy down available! Welcome to comfortable 1-level living in highly desirable Tumwater! This Bush Prairie gem is set on a generous just shy half-acre lot, this well-maintained 3-bedroom home offers the space, flexibility and location buyers have been looking for. The thoughtfully designed floor plan includes a formal living room, separate family room, formal dining room and kitchen nook, giving you plenty of room for everyday living and entertaining. Hickory hardwood floors, vaulted ceilings, ceiling fans and a cozy gas fireplace add warmth and character throughout. The 3-car fully finished garage provides exceptional storage and workspace, while the expansive driveway and property offer parking for approximately 18 additional vehicles, plus room for your RV and boat—an incredible amount of parking rarely found in a residential setting. A newer gas furnace, approximately two years old, and a newer gas water heater add peace of mind. Step outside to enjoy the beautiful, spacious yard with plenty of room for gardening, outdoor gatherings, pets or simply enjoying the privacy of a half-acre setting. Located in the highly regarded Tumwater School District and close to parks, trails, shopping, dining and everyday conveniences. Enjoy easy access to Tumwater Falls, the Deschutes River, Capitol Forest and Olympia, while still having the neighborhood feel and space to truly spread out. A great opportunity to make this solid, spacious home your own!

1205 Arab Drive SE, Olympia

Listing Broker: eXp Realty; Elizabeth Foster; 253-282-5306; info@elizabethsdreamhomes.com

315 24th Avenue SW, Olympia
$525,000
3 Beds ⋅ 2 Baths ⋅ 2585593 MLS ⋅ ACTIVE Status
Opportunity abounds on this huge 3/4-acre high bank lakefront property in the historic Capitol Lake Neighborhood! With a spacious existing home and the potential for big lake views, it’s brimming with possibilities for sweat equity or a fresh start. Add your own renovations to the home’s original 1937 charm, which includes period details like exposed timber beams, wood paneling, hardwood floors, and a masonry fireplace. Perched above a private trail down to the lake, it’s perfectly positioned to take advantage of the scenery. OR bring your contractor and design the lake view home of your dreams. Either way, you’ll benefit from the $400million Capitol Lake restoration project currently underway. You’ll also reap the rewards of a fabulous location in one of Olympia’s nicest neighborhoods, just minutes to the Capitol Building, downtown Olympia, downtown Tumwater, and freeway access. Location, lakefront, and a lovely setting...all this property needs is your vision.

315 24th Avenue SW, Olympia

Listing Broker: Windermere Mercer Island; Jake Kanev; 206-686-4700; kanev@windermere.com

4514 Ferndale Court SE, Olympia
$575,000
4 Beds ⋅ 3 Baths ⋅ 2587504 MLS ⋅ ACTIVE Status
If you are looking for a remodeled home with charming character privately nestled back on a huge, cul-de-sac 0.37acre lot in Olympia’s most desirable, established neighborhood literally 10 mins to everything YOU FOUND IT (+ top Olympia SD)! Meandering through verdant evergreens & over a little creek in a neighborhood that celebrates variety, you will find this welcoming home packed w/personality: European storybook charm highlights fresh, modern spaces & airy light-filled interiors where every room has a purpose. 2 sets of French doors open to the sunny backyard as a canvas for summer al-fresco BBQ socials, edible & colorful gardens and firepit chats to begin memories. All 4 bedrooms upstairs w/gorgeous full Owner Suite to recharge. 2 living rooms each have their own vibe (1 wrapped in windows w/cozy wood fireplace). Large dining room for holiday dinners right off of the gorgeous kitchen w/SS appliances, travertine hearth, garden window, farmhouse sink & butcher block counters. Around the corner to LBA Park (baseball fields, playground, trails). Surrounded by thriving outdoor recreation, parks & every single convenience of Oly/Lacey/Tumwater, you’re within 10 easy min to it all: year-round farmer’s market, riverfront Brewery Park, Indian Summer Golf & CC, Ward Lake Dog Park w/kayaking & fishing, shopping, sips/eats, hospitals, Costco/Target, YMCA, Humble Cow ice cream & multiple commute routes. Newer roof/windows & BRAND NEW int/ext paint, carpet, appliances. A/C & Inspected!

4514 Ferndale Court SE, Olympia

Listing Broker: Windermere Real Estate/East; Julie Hall; 206-713-9228; Juliehall@windermere.com

610 North Street SE, Tumwater
$465,000
4 Beds ⋅ 1 Baths ⋅ 2585743 MLS ⋅ ACTIVE Status
Charming 4-bedroom home with fantastic curb appeal and the perfect blend of classic 1946 character and modern updates! Centrally located with convenient access to restaurants, shopping, schools and highways. Fresh interior and exterior paint complement the beautiful original hardwood floors found throughout the home. Step inside to a spacious front living room that flows into the updated kitchen, creating a comfortable and functional main living space. The flexible floor plan features two bedrooms on the main level and two additional bedrooms upstairs, offering plenty of options for guests, a home office or additional living space. A large main-floor utility room provides extra storage and everyday convenience. Outside, enjoy a huge, level, fully fenced backyard with endless possibilities for entertaining, gardening, pets and play. Detached one-car garage provides additional parking and storage. Classic charm, thoughtful updates and a great central location!

610 North Street SE, Tumwater

Listing Broker: Windermere Prof Partners; Alex Munoz; 253-514-0846; alexmunoz@windermere.com

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