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5647 Black Lake Boulevard SW, Olympia, WA, 98512

10beds
8baths
4,406sqft
$1,700,000
$386price/sqft
$10,740/moest. monthly cost
$429,600/yrincome needed

About This Home

Amazing opportunity on just over 42 acres of prime recreational land with two homes and access to all that Black Lake has to offer. The main home boasts 4 bedrooms and 4 bathrooms, including two primary suites with en-suite baths and walk-in closets. An updated kitchen and wraparound porch create the perfect setting to enjoy the peaceful surroundings. Expansive acreage provides endless space to roam, play, and connect with nature. The ADU offers incredible flexibility with a bonus living area, along with 3 bedrooms and 2 bathrooms with shared access—ideal for rental income or multi-generational living. Take in stunning views of Mt. Rainier and the Olympic Mountains while enjoying privacy and seclusion, yet remaining conveniently close to local amenities. A rare opportunity to own your own Pacific Northwest retreat.

Getting Around

2
WalkingCar-Dependent
0
TransitNo Nearby Transit
32
BikeSomewhat Bikeable

Schools

5/10
7/10
Tumwater Middle SchoolGrades 6-83.0 mi

Construction

Condition

  • Year built: 2005

Materials

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

Type & Style

  • Home type: SingleFamily
  • Architectural style: 2 Story
  • Property subType: Single Family Residence

Interior

Basement

  • Basement: None

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 10
  • Bathrooms: 8
  • Full bathrooms: 8
  • Main level bathrooms: 4
  • Main level bedrooms: 5

Features

  • Bath Off Primary,Sauna
  • Window features: Dbl Pane/Storm Window,Skylight(s)
  • Flooring: Ceramic Tile,Hardwood,Vinyl Plank,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Gas,Main Level: 1,Fireplace
  • Fireplace: Yes

Heating

  • Heating features: Fireplace,Fireplace Insert,Forced Air,Electric,Natural Gas

Interior Area

  • Total structure area: 3,386
  • Total interior livable area: 4,406 sqft

Property

Details

  • Parcel number: 12831340706
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Main
  • Patio & porch: Bath Off Primary,Dbl Pane/Storm Window,Fireplace,Sauna,Skylight(s),Vaulted Ceiling(s),Walk-In Closet(s)
  • Has view: Yes
  • View description: Territorial
  • Topography of land: Level,Partial Slope,Rolling,Sloped
  • Residential vegetation: Garden Space,Wooded

Lot

  • Lot size: 42.00 Acres
  • Features: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,RV Parking

Parking

  • Total spaces: 10
  • Parking features: Attached Garage,RV Parking
  • Has garage: Yes
  • Covered spaces: 3
  • Uncovered spaces: 7

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
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding
Landslide

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 $8,596$103,152
Home Insurance *$418$5,016
Property Taxes $1,425$17,100
Electricity $301$3,616
Total$10,740$128,880
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$368,228/yr
40% on housing$322,200/yr
45% on housing$286,400/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

$386This listing

vs Other Active Listings

Avg $/sqft

ZIP 98512$231
Thurston County$297

vs Homes Sold Last Month

Median $/sqft

ZIP 98512$298
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
2026-04-17Price change$1,775,000
2026-03-25Listed for sale$1,800,000
2020-09-25Sold$850,000
2020-08-17Pending sale$899,999
2020-08-06Price change$899,999
2020-07-15Price change$949,999
2020-06-01Price change$979,999
2020-04-30Price change$989,999
2020-04-16Price change$1,059,900
2020-02-27Price change$1,099,000
2020-01-17Price change$1,139,000
2019-12-13Price change$1,149,000
2019-11-14Price change$1,190,000
2019-09-06Price change$1,274,900
2019-07-27Price change$1,299,900
2019-07-12Listed for sale$1,499,900
2014-10-10Sold$400,000
2014-09-29Pending sale$425,000
2014-08-03Listed for sale$425,000
2014-06-18Sold$400,000
2014-04-12Pending sale$400,000
2014-03-14Listed for sale$400,000
2014-02-25Pending sale$400,000
2014-02-20Listed for sale$400,000
2014-01-03Pending sale$400,000

For Sale by Agent

AgentAustin Hellickson
BrokerageLPT Realty LLC

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