1546 Reservation #197 & #198 Rd SE, Olympia, WA 98513
About this home
One incredible location. Two unique opportunities. Imagine having your own corner of Lost Lake—where mornings begin among the trees, afternoons unfold by the lake & evenings end around a fire. The neighboring tiny home & RV lot are extraordinary on their own, or purchase both for an unforgettable retreat. Available individually or together. The 2021 tiny home is warm & thoughtfully designed, with tall ceilings, abundant windows, a cozy indoor fireplace & charming drop loft. Clever storage is tucked throughout, while central air (new A/C in 2026) brings year-round comfort. Step outside to a covered stone fireplace & low-maintenance yard, then follow the covered breezeway to two flexible spaces—one ideal for an office or hobby space, the other with a .5 bath & laundry. Next door, the RV lot is the showstopper. A custom covered pavilion with a metal roof frames a paver pad for up to a 45' RV. Gardens & hidden storage & an outdoor kitchen with high-end appliances, dual grills & a built-in linear fire feature make this feel less like an RV site & more like your own private outdoor retreat. At the heart of it all, a stone fireplace sets the scene for evenings spent outside. And then there's Lost Lake. Explore 50+ acres of trails with views of Mt. Rainier, enjoy the stocked lake, clubhouse, indoor/outdoor pools, sauna, gym, pickleball, dog park & more. Two properties. Two opportunities. One unforgettable place to call your own. Tiny Home: (NWMLS 2568068) | RV Lot: (NWMLS 2515594)
Sale and tax history for 1546 Reservation #197 & #198 Rd SE
Sale History
Tax History
Date
Event
Price
Aug 13, 2026
Listed (Active)
NWMLS as Distributed by MLS Grid #2568179
$485,000
$823/sq ft
Apr 5, 2024
Rental Removed
RENT. #1
$1,450
$2/sq ft
Mar 18, 2024
Listed for Rent
RENT. #1
$1,450
$2/sq ft
Dec 21, 2020
Sold (MLS)
NWMLS as Distributed by MLS Grid #1711835
$69,965
$119/sq ft
Dec 21, 2020
Listed
NWMLS as Distributed by MLS Grid #1711835
$69,965
$119/sq ft
Sep 3, 2015
Sold (MLS) (Sold)
NWMLS as Distributed by MLS Grid #827312
$170,000
$289/sq ft
Aug 24, 2015
Pending
NWMLS as Distributed by MLS Grid #827312
—
Jul 30, 2015
Listed (Active)
NWMLS as Distributed by MLS Grid #827312
$179,900
$305/sq ft
Mar 19, 2003
Sold
Public Records
$75,000
$127/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$111 (−2.6%)
2025
$114 (−19.3%)
2024
$141 (+3.5%)
2023
$137 (−14.3%)
$2,700
2022
$159 (+0.6%)
$2,500
2021
$158 (−30.3%)
$4,200
2020
$227 (+8.9%)
$4,000
2019
$209 (+56.6%)
$9,900
2018
$133 (−22.5%)
$9,500
2017
$172 (−3.9%)
$9,500
2016
$179 (−59.6%)
$3,850
2015
$443 (−79.1%)
$4,500
2014
$2,116 (−33.5%)
$20,150 + $1,400
$21,550
2013
$3,183 (+862.7%)
$20,150 + $1,400
$21,550
2012
$331 (−22.8%)
$20,550 + $2,500
$23,050
2011
$428 (−33.1%)
$23,150 + $3,000
$26,150
2009
$640
$58,800
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.27 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Thurston County
APN
21817430100
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on Jun 22, 2026.
RR1/5
Rural Residential-One Dwelling Unit Per Five Acre District
The intent of this district is to assist in maintaining the commercial timber industry and to protect the public health in areas with severe soil limitation for septic system, severely limited water supply, aquifer recharge and floodplains, and the Nisqually subarea.