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4130 40th Lane SW
Olympia, WA 98512
7 days ago
NEW
$924,950
Active
4
Beds
3
Baths
2,553
Sqft
5.49
Acres
2026
Yr. Built
MLS# 2588000
Cumulative Days on Market: 8 · Includes prior listings · Currently listed since 09/26/26 · Data provided by the MLS.

Property Description

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 and 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 and a 3 car garage. The stunning kitchen features quartz slab countertops, shaker maple cabinetry with full-extension guides and soft-close drawers, an eating bar and stainless steel appliances. The kitchen flows effortlessly into a casual dining nook + spacious great room, while a formal dining room and butler’s pantry with wine cooler add a refined touch for entertaining. Hardwood flooring extends through the entry, formal dining room, kitchen and nook. The generous primary suite offers a 5-piece bath with tile flooring, a tiled shower and 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 and natural beauty of the acreage. Solar panels, a heat pump, an electric hybrid water heater provide modern comfort and energy efficiency. Peaceful and Private, this is the what you've been waiting for...

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Property Highlights

Property Type
Residential
Property Sub Type
Single Family Residence
Architectural Style
Contemporary
Bedrooms
4
Total Bathrooms
3
Living Area
2,553
Price / Sqft
$362
Acres
5.49
Year Built
2026
Condition
Under Construction
Cumulative Days On Market
8

Location

Area
443 - Tumwater
City/Township
Olympia
View
Territorial
Subdivision
Black Lake
County
Thurston
Zoning
SFR

Property Details

Price
$924,950
Condition
Under Construction
Property Type
Residential
Property Sub Type
Single Family Residence

Building

Structure Type
House
Levels
Two
Total Area
2,553 Sqft

Community

Community Features
CCRs, Trail(s)

Local Schools

School District
Tumwater

Interior Features

Bedrooms and Bathrooms

Total Bathrooms
3
Bathrooms on Main Level
1
Full Bathrooms
2
1/2 Bathrooms
1
Bedrooms
4

Rooms and Basement

Basement Features
None

Area and Spaces

Living Area
2,553

Appliances

Appliances
Dishwasher, Disposal, Microwave, Stove(s)/Range(s)

Interior Features

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
Flooring
Ceramic Tile, Engineered Hardwood, Carpet
Security Features
Security Gate
Fireplace Features
Gas
Entry Location
Main

Heating and Cooling

Heating Features
90%+ High Efficiency, Forced Air, Heat Pump, Recirculation Pump
Has Fireplace
Yes
Fireplaces
1

Building Details

Construction

Architectural Style
Contemporary
Builder
Shepard Family Homes
Year Built
2026
New Construction
Yes
Foundations
Poured Concrete

Materials

Construction Materials
Cement Plank, Stone
Roof
Composition

Terms

Terms

Inclusions
Dishwasher(s), Garbage Disposal, Microwave(s), Stove(s)/Range(s)
Special Conditions
None
Special Terms
Cash, Conventional, FHA, VA Loan
Cumulative Days On Market
8

Taxes

Tax

Tax (Annual)
$1,000

Heating, Cooling & Utilities

Cooling Features
90%+ High Efficiency, Forced Air, Heat Pump

Utilities

Sewer
Septic Tank

Green Energy

Energy Efficiency Features
Double Wall

Utilities

Water Source
See Remarks, Shared Well

Green Energy

Power Production Type
Electric, Propane

Lot

Acres
5.49
Lot Size Area Sq Ft
239,144
Lot Features
Dead End Street, Open Space, Paved, Secluded, Value In Land
Topography
Level, Partial Slope

Exterior Features

Exterior Features
Cement Planked, Stone

Parking

Total Parking Spaces
9
Covered Spaces
3
Parking Features
Driveway, Attached Garage, Off Street
Listing Data last updated 10/04/2026 04:00 pm
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Property History

Today
Property information last updated
8 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 8 days (includes prior listings) · Currently listed since September 26, 2026. Data provided by the MLS.

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