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Listing provided courtesy of Capitol Real Estate LLCNWMLSas Distributed by MLSGrid- MLS# NWM2543790MLS Provider

5142 Palermo Rosa Lane SWOlympia, WA 98512

Vacant Land · 4.73 Acres
$298,500 Active

5142 Palermo Rosa Lane SW Overview

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Rare opportunity to own a nearly 5-acre cleared homesite just minutes from town! Finding a parcel of this size, quality, and location is becoming increasingly difficult. Most of the legwork has already been completed, including conditional site approval for a 2,500± sq. ft. home, making it easier to bring your vision to life. Well and power are already on site, saving valuable time and expense. Enjoy beautiful territorial views, abundant natural light, and the peace of mind that comes with perpetual privacy. Located within the highly desirable Tumwater School District, this property offers the perfect balance of rural tranquility and everyday convenience. Whether you're ready to build now or planning for the future, this is an exceptional opportunity to create your dream home in a setting that is truly hard to replicate.

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5142 Palermo Rosa Lane SW Facts & Features

  • Type Vacant Land
  • Lot 4.73 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Tumwater
  • Elementary School: Littlerock Elem
  • Middle Or Junior School: George Wash Bush Mid
  • High School: Tumwater High

Location/Region

  • Country: US
  • County Or Parish: Thurston
  • MLS Area Major: 442 - Black Hills
  • Subdivision Name: Olympia

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 12730230700
  • Possible Use: Residential
  • Property Sub Type: Land
  • Property Type: Land
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Possible: 3
  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: No
  • Living Area: 0
  • Main Level Bathrooms: 0

Exterior

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot
  • Lot Size Acres: 4.73
  • Lot Size Square Feet: 206039
  • Lot Size Units: Square Feet
  • Road Responsibility: County
  • Elevation Units: Feet
  • Water Source: Drilled Well

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Structure Type: None

General Information

  • Carport: No
  • Electric On Property: Yes
  • Sewer: Not Available
  • Utilities: Electricity Connected, Septic Design Applied

5142 Palermo Rosa Lane SW Neighborhood

Community

98512 (OLYMPIA) Demographics

40
Median Age
202
Population Density (per sq. mile)
46%
College Educated
$78,845
Estimated Median Income
8,439
Estimated Total Home Owners
3,931
Estimated Total Renters
68% / 32%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5142 Palermo Rosa Lane SW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5142 Palermo Rosa Lane SW Market Data

Based on the last 30 days in this zip code

$580,975
Average List Price
$291
Average Price per Square Foot
37
Properties Sold
65
Average Days on Market
158
Properties for Sale
Calculations provided by Reliance Network

5142 Palermo Rosa Lane SW History

Date Event Value Agent
6/24/2026Source: NWMLS Added to Database
June 24, 2026