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3502 Long Lake Drive SE, Olympia, WA, 98503

1beds
1baths
560sqft
$549,000
$980price/sqft
$3,555/moest. monthly cost
$142,200/yrincome needed

About This Home

Experience the ultimate lakeside lifestyle! This beautifully renovated 1951 cabin offers 560 sq ft of cozy living space, featuring a vaulted ceiling and sweeping lake views that invite you to relax and unwind. Set on a generous 0.32-acre lot with 70 feet of private lake frontage, this home is the perfect retreat for those who crave both comfort and adventure.Spend your summer days on one of Olympia’s most sought-after lakes swimming, fishing, boating, or watching the sky light up on the 4th of July from your own durable Trex deck/dock and boathouse right at the water’s edge. The property is perfectly positioned directly across from Kirby Island, offering a picturesque backdrop and added privacy. Set back into the shoreline and as the last house on a quiet dead-end road, you’ll enjoy unmatched seclusion and tranquility, making it feel like your own private oasis. Inside, the home offers modern updates, including laminate flooring, stunning kitchen, laundry hook-ups, public water, and a 2-bed septic system installed in 2023. An additional 300+ sq ft of unfinished, stand-up crawlspace beneath the home offers exciting potential for expansion or finishing to suit your needs. Whether you’re seeking a weekend getaway, a year-round sanctuary, or a perfect Airbnb investment, this waterfront cabin promises a lifestyle of relaxation, recreation, and natural beauty.

Getting Around

2
WalkingCar-Dependent
29
TransitSome Transit
13
BikeSomewhat Bikeable

Schools

8/10
2/10
Nisqually Middle SchoolGrades 6-82.3 mi
7/10
Timberline High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 1951

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Products

Notable Dates

  • Major remodel year: 2010

Type & Style

  • Home type: SingleFamily
  • Architectural style: 1 Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Refrigerator,See Remarks,Stove(s)/Range(s),Microwave(s),Refrigerator(s),Water Heater: ELECTRIC,Water Heater Location: CRAWLSPACE

Basement

  • Basement: None

Bathroom Full

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Entry Hall

  • Level: Main

Features

  • Flooring: Laminate

Heating & Cooling

  • Heating features: Fireplace Insert,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 560
  • Total interior livable area: 560 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Utility Room

  • Level: Main

Property

Details

  • Parcel number: 11826340300
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Vaulted Ceiling(s),Water Heater
  • Has view: Yes
  • View description: Lake
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Low Bank,Medium Bank,Lake
  • Frontage length: Waterfront Ft: 70
  • Topography of land: Partial Slope
  • Residential vegetation: Garden Space,Wooded

Lot

  • Lot size: 0.32 Acres
  • Features: Adjacent to Public Land,Corner Lot,Dead End Street,Paved,Value In Land,Boat House,Cable TV,Deck,Dock,Moorage,RV Parking

Parking

  • Parking features: Driveway,RV Parking

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters in Thurston County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,776$33,312
Home Insurance *$138$1,656
Property Taxes $492$5,904
Electricity $149$1,793
Total$3,555$42,660
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$121,885/yr
40% on housing$106,650/yr
45% on housing$94,800/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.8%
10.8%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$980This listing

vs Other Active Listings

Avg $/sqft

ZIP 98503$222
Thurston County$297

vs Homes Sold Last Month

Median $/sqft

ZIP 98503$301
Thurston County$285

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-08Listed for sale$549,000
2020-03-06Sold$349,981

For Sale by Agent

AgentJamie Leigh Mc Donnell
BrokerageEpique Realty

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