5605 Reef Lane NE, Olympia, WA 98516
What's special
5.875% VA Assumable Loan Avail-Call for info. Retirement Done Right! Jubilee 2021 1-story loaded w/$80k in recent upgrades delivers lifestyle buyers move here for. No backyard neighbors-No future development behind you. Just a gorgeous forested greenbelt backdrop changing w/the seasons while you enjoy all the perks of one of the South Sound's most desirable 55+ communities. Dark wood floors, custom California Closets systems, Hunter Douglas remote blinds & brand new bedroom carpeting create luxe living, while the kitchen is ready for dinner parties to Costco hauls w/quartz island, newer fridge, gas range, pull-out storage & walk-in pantry. Clever split-bedroom design w/no shared walls between any bedrooms puts vaulted primary suite facing tree views, while 2 front bedrooms & full bath share separate guest wing. A double-sided fireplace steals the show, warming both the living room & covered patio. Add remote-controlled solar shade, included smoker, & you've gained a 2nd living room in nature. Discerning buyers will appreciate practical upgrades like central A/C, tankless hot water, $17k GENERAC whole-house generator, GE Profile pedestal laundry set, Kobalt workspace, sheds, tons of garage shelving & front yard care by HOA. All w/dream amenities: clubhouse, indoor pool, gym, tennis, ballroom events, miles of strolling trails, 2 nearby golf courses & 10 mins to Costco or coffee! Quick ride to Oly's art scene & waterfront. Lock-&-leave convenience meets resort-style PNW living!
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- on Zillow
- 332
- views
- 15
- saves
Travel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
Jami R. Downing 360-485-5511 jami@jamidowning.com,
Abbey Realty Inc
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom three quarter
- Level: Main
Heating
- Fireplace, Forced Air, Electric, Natural Gas
Cooling
- Forced Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Tankless Water Heater, Washer, Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), Washer(s), Water Heater: tankless-gas, Water Heater Location: garage
Features
- Bath Off Primary, Ceiling Fan(s), Dining Room, Pantry
- Flooring: Laminate, Vinyl, Carpet
- Windows: Dbl Pane/Storm Window
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Gas, Main Level: 1, Fireplace
Interior area
- Total structure area: 1,726
- Total interior livable area: 1,726 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached Garage
- Has attached garage: Yes
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wired for Generator
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,370 Square Feet
- Dimensions: 66 x 102 x 44 x 100
- Features: Curbs, Paved, Sidewalk, Cable TV, Fenced-Fully, Gas Available, High Speed Internet, Patio, Sprinkler System
- Topography: Level
- Residential vegetation: Garden Space
Details
- Parcel number: 52930165200
- Zoning: LD
- Zoning description: Jurisdiction: City
- Special conditions: Standard
- Other equipment: Leased Equipment: none, Wired for Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,1 Story
- Property subtype: Single Family Residence
Materials
- Cement/Concrete, Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 2021
- Major remodel year: 2021
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Lacey
- Water: Public, Company: City of Lacey
- Utilities for property: Xfinity/Comcast, Xfinity/Comcast
Community & HOA
Community
- Features: Age Restriction, Athletic Court, CCRs, Clubhouse, Golf, Park, Playground, Trail(s)
- Senior community: Yes
- Subdivision: Jubilee
HOA
- Services included: Common Area Maintenance, Maintenance Grounds, Road Maintenance, See Remarks
- HOA fee: $305 monthly
- HOA phone: 360-706-2029
Location
- Region: Lacey
Financial & listing details
- Price per square foot: $362/sqft
- Tax assessed value: $643,000
- Annual tax amount: $6,664
- Date on market: 6/12/2026
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Garbage Disposal, Leased Equipment, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Price change | $625,000-3.8%$362/sqft |
Source:  NWMLS as distributed by MLS GRID #2481116 Report a problem | ||
| 7/30/2026 | Price change | $650,000-3.7%$377/sqft |
Source: NWMLS as distributed by MLS GRID #2481116 Report a problem | ||
| 7/23/2026 | Price change | $675,000-2.9%$391/sqft |
Source: NWMLS as distributed by MLS GRID #2481116 Report a problem | ||
| 7/10/2026 | Price change | $695,000-2.8%$403/sqft |
Source: NWMLS as distributed by MLS GRID #2481116 Report a problem | ||
| 6/30/2026 | Price change | $715,000-1.4%$414/sqft |
Source: NWMLS as distributed by MLS GRID #2481116 Report a problem | ||
| 6/12/2026 | Listed for sale | $725,000+9%$420/sqft |
Source: NWMLS as distributed by MLS GRID #2481116 Report a problem | ||
| 9/27/2024 | Sold | $665,000$385/sqft |
Source: NWMLS as distributed by MLS GRID #2277122 Report a problem | ||
| 8/16/2024 | Pending sale | $665,000$385/sqft |
Source: NWMLS as distributed by MLS GRID #2277122 Report a problem | ||
| 8/14/2024 | Listed for sale | $665,000+15.4%$385/sqft |
Source: NWMLS as distributed by MLS GRID #2277122 Report a problem | ||
| 9/15/2021 | Sold | $576,306$334/sqft |
Source: NWMLS as distributed by MLS GRID #1763160 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,664 +10.1% | $643,000 +10.3% |
| 2024 | $6,054 +11.1% | $582,800 +2.2% |
| 2023 | $5,450 +5.4% | $570,200 +4.9% |
| 2022 | $5,172 -6.8% | $543,500 +13.9% |
| 2021 | $5,551 +310.7% | $477,300 +343.2% |
| 2020 | $1,351 | $107,700 |
Monthly payment
Estimated market value
$624,100
$593,000 - $655,000
$2,962/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.