South Lakes Homes with FHA Terms

South Lakes Homes with FHA Terms

Welcome to the beautiful South Lakes subdivision located in Lakewood, Washington, in Pierce County. This charming community is nestled in the heart of the Pacific Northwest, offering residents a peaceful and picturesque setting to call home.

South Lakes is a sought-after neighborhood known for its serene surroundings, friendly atmosphere, and convenient location. With easy access to amenities, parks, schools, and shopping, this community provides the perfect balance of suburban tranquility and urban convenience.

One of the highlights of South Lakes is the availability of homes with FHA terms, making it easier for potential buyers to find their dream home in this desirable neighborhood. Whether you're a first-time homebuyer or looking to upgrade to a new property, the FHA terms offered in South Lakes provide flexibility and affordability to help you make your homeownership dreams a reality.

If you're searching for a welcoming community with a strong sense of pride and community spirit, look no further than South Lakes in Lakewood. With its beautiful homes, convenient location, and FHA terms, this neighborhood has everything you need to live a comfortable and fulfilling lifestyle in the heart of Washington State.

Newest South Lakes Homes with FHA Terms

$575,000
4 Beds ⋅ 2 Baths ⋅ 2562534 MLS ⋅ ACTIVE Status
Charming Craftsman on over half an acre in an incredible Lakewood location! Situated directly across the street from Harry Todd Park and beautiful American Lake, this property offers the perfect blend of character, space, and opportunity. Inside, you'll find fresh interior paint, updated bathrooms, a spacious living room with a cozy gas fireplace, and a large dining area that's perfect for gathering. The beautifully updated kitchen offers abundant NEW cabinets and countertops + new stainless steel appliances, for everyday living and entertaining. The flexible floor plan features two bedrooms upstairs along with a full bath and den/office (or possible 5th bedroom!), while the lower level includes two additional bedrooms and another full bath—ideal for guests, multi-generational living, or a home office. Outside, enjoy a fully fenced yard, generous off-street parking from both the front and rear of the property, and plenty of room to garden, play, or expand. Updated electrical for peace-of-mind. Zoned multifamily, this rare property offers exciting possibilities for homeowners, investors, or future development—all just moments from parks, lake access, shopping, dining, and JBLM.

14416 Portland Avenue SW, Lakewood

Listing courtesy of Real Broker LLC.

$850,000
4 Beds ⋅ 3 Baths ⋅ 2560470 MLS ⋅ ACTIVE Status
In coveted Madera Gated Community, this home has been remodeled to shine. Sitting on a .4 acres this home features 3000+ sq. ft, 4 generous bedrooms with big closets, and 2.5 baths. New kitchen, quartz countertops, flooring, carpet, and paint inside and out make this Victorian home has everything you are looking for. Close to Lake Steilacoom, American Lake, TCGC, I-5, JBLM, Lakewood town center, this location is unmatched. Rest easy knowing all updates have been made while keeping the character of the original design. This home is move in ready and the community will look forward seeing you on your morning walks around the neighborhood.

11215 Madera Circle SW, Lakewood

Listing courtesy of Keller Williams Rty Tacoma.

$995,000
4 Beds ⋅ 3 Baths ⋅ 2559624 MLS ⋅ ACTIVE Status
Tucked inside the highly sought-after gated community of Madera, this beautifully updated home offers the perfect blend of comfort, style, and privacy. Thoughtfully designed with timeless finishes, the spacious layout includes a dedicated office, formal living and dining rooms, and an open-concept kitchen that flows seamlessly into the expansive family room—ideal for both everyday living and entertaining. Upstairs, the inviting primary suite features a cozy fireplace and a luxurious five-piece bath with heated floors. Generous secondary bedrooms and a large bonus room with its own private staircase provide exceptional flexibility. Step outside to a beautifully landscaped backyard offering rare privacy and your own sport court, creating the perfect setting to relax or play. Residents of Madera enjoy a beautifully maintained gated community with picturesque rose and Japanese gardens, all just minutes from shopping, dining, parks, and freeway access This is one you won't want to miss!

11401 Madera Circle SW, Lakewood

Listing courtesy of Keller Williams Rty Tacoma.

$415,000
2 Beds ⋅ 1 Baths ⋅ 2559272 MLS ⋅ ACTIVE Status
Picture-perfect, charming, and completely move-in ready! This beautifully maintained 1,080 sq ft home perfectly blends timeless character with modern updates, including a brand-new furnace installed in 2023 for total peace of mind. The highly functional 2-bedroom, 1-bathroom floor plan features fresh new paint, updated baseboards, and brand-new vinyl flooring extending seamlessly through the living room, dining area, kitchen, and bedrooms—expertly installed while keeping the original oak floors safely preserved underneath! Large double-pane windows flood the entire home with vibrant natural light. Cooking is a delight in the updated kitchen, boasting custom soft-close cabinetry, sleek countertops, and stainless steel appliances. Unwind in the fully modernized bathroom, complete with a custom tile tub surround. The detached shop/office structure—ideal for remote work, a hobby studio, or extra storage. Nestled on a level 5,336 sq ft lot with a detached carport and the possibility for a future ADU addition (buyer to verify), you are just minutes away from Harry Todd Park, American Lake, shopping, I-5, and JBLM.

15113 SW Grant Avenue, Lakewood

Listing courtesy of Better Properties N. Proctor.

$244,999
2 Beds ⋅ 1 Baths ⋅ 2549225 MLS ⋅ ACTIVE Status
Conventional, FHA, and VA eligible! Fully remodeled and move in ready, this beautiful 2 bedroom, 1 bath condo offers 676 sq ft of living space. Enjoy modern updates throughout, including durable luxury vinyl plank flooring that flows seamlessly throughout the home. Features two spacious bedrooms, each with its own walk in closet, providing ample storage. The updated kitchen comes with an oven, microwave, and dishwasher, making everyday living a breeze. This unit also includes two assigned parking spaces for added convenience. Ideally located near lake access, I-5, shopping, dining, and other everyday amenities. Don't miss your opportunity to own this beautifully updated condo in a prime location!

14402 Washington Avenue SW Unit #3, Lakewood

Listing courtesy of Premier Real Estate Partners.

$674,999
2555073 MLS ⋅ ACTIVE Status
Welcome to this turnkey triplex offering an exceptional opportunity for investors seeking immediate cash flow. Each of the three 2-bedroom, 1-bath units offers approximately 696 sq. ft. and has been thoughtfully updated. Recent updates in last 5 years include new roof, new septic system, vinyl windows, fencing, and extensive interior renovations throughout the units. Current rents are $1,625/month for Unit 1 and $1,650/month each for Units 2 and 3, plus an additional $150 per month from each tenant toward utilities, creating strong income potential. A shared laundry room, ample off-street parking, and a prime location just minutes from JBLM, I-5, restaurants, shopping, and American Lake make this a true cash-flowing investment and an excellent addition to any portfolio.

8311 Lake Street SW, Lakewood

Listing courtesy of Every Door Real Estate.

$399,000
3 Beds ⋅ 1 Baths ⋅ 2553266 MLS ⋅ ACTIVE Status
Explore your options with a move-in-ready 3BR 1664 sq ft home, plus a rare opportunity to also expand and develop your property. This jewel is situated on a level .63 acre lot featuring a functional one-story layout with a finished basement, offering flexible living options. The main level includes two bedrooms, a full bath, refreshed kitchen, living and dining area, while the finished basement adds a third bedroom along with expansive bonus spaces ideal for a media room, home office, gym, hobby area, or multigenerational living. This versatile property offers incredible possibilities for homeowners and investors, alike. The oversized lot provides abundant space for RV and boat parking, outdoor entertaining, gardening, or potential future expansion or development. With its location just a couple of minutes from JBLM, Camp Murray, I-5, public transit and near shopping, recreation and hospitals, this is a great opportunity own in one of Lakewood’s most accessible neighborhoods. Call and schedule a tour!

15401 Grant Avenue SW, Lakewood

Listing courtesy of John L. Scott Dupont.

$244,999
2 Beds ⋅ 1 Baths ⋅ 2549347 MLS ⋅ ACTIVE Status
Conventional, FHA, and VA eligible! Fully remodeled and move in ready, this beautiful 2 bedroom, 1 bath condo offers 676 sq ft of living space. Enjoy modern updates throughout, including durable luxury vinyl plank flooring that flows seamlessly throughout the home. Features two spacious bedrooms, each with its own walk in closet, providing ample storage. The updated kitchen comes with an oven, microwave, and dishwasher, making everyday living a breeze. This unit also includes two assigned parking spaces for added convenience. Ideally located near lake access, I-5, shopping, dining, and other everyday amenities, this condo offers the perfect combination of comfort, convenience, and low-maintenance living. Don't miss your opportunity to own this beautifully updated home in a prime location!

14402 Washington Avenue SW Unit #4, Lakewood

Listing courtesy of Premier Real Estate Partners.

$1,275,000
5 Beds ⋅ 4 Baths ⋅ 2545461 MLS ⋅ ACTIVE Status
Private gated entrance in a sought-after Lakewood neighborhood, this exceptional custom estate by renowned builder Greg Hoover offers timeless craftsmanship and resort-style living. Ideally located just minutes from Gravelly Lake, American Lake, and Tacoma Country & Golf Club, this 5-bedroom, 2 full and 2 half baths home spans 4,023 sqft of living space. The main level features an appointed kitchen, formal living and dining rooms, private office, spacious great room with wet/coffee bar, extensive custom wood casing and trim throughout, and panoramic doors that seamlessly blend indoor and outdoor living. Upstairs, the luxurious primary suite offers a fireplace, spa-inspired 5-piece bath, cedar-lined walk-in closet, and tranquil views of the spectacular backyard. Four additional bedrooms and an expansive bonus room provide exceptional flexibility. Step outside to your own private resort featuring park-like grounds with cascading waterfalls, a pond and stream, lush landscaping, and multiple entertaining spaces. Enjoy year-round swimming in the heated indoor pool with retractable roof, entertain beneath the covered outdoor pavilion complete with a full outdoor kitchen, fireplace, TV, and wired overhead heaters, or host guests in the charming detached guest cottage. Features include a panic room, secure storage room, abundant attic storage, tankless water heater, oversized 3-car garage, and exceptional craftsmanship throughout, making this one-of-a-kind estate.

12222 Gravelly Lake Drive SW, Lakewood

Listing courtesy of John L. Scott, Inc..

$244,999
2 Beds ⋅ 1 Baths ⋅ 2543159 MLS ⋅ ACTIVE Status
Conventional, FHA, and VA eligible! Fully remodeled and move in ready, this beautiful 2 bedroom, 1 bath condo offers 676 sq ft of living space. Enjoy modern updates throughout, including durable luxury vinyl plank flooring that flows seamlessly throughout the home. Features two spacious bedrooms, each with its own walk in closet, providing ample storage. The updated kitchen comes with an oven, microwave, and dishwasher, making everyday living a breeze. This unit also includes two assigned parking spaces for added convenience. Ideally located near lake access, I-5, shopping, dining, and other everyday amenities, this condo offers the perfect combination of comfort, convenience, and low-maintenance living. Don't miss your opportunity to own this beautifully updated home in a prime location!

14402 Washington Avenue SW Unit #4, Lakewood

Listing courtesy of Premier Real Estate Partners.

$244,999
2 Beds ⋅ 1 Baths ⋅ 2543114 MLS ⋅ ACTIVE Status
Conventional, FHA, and VA eligible! Fully remodeled and move in ready, this beautiful 2 bedroom, 1 bath condo offers 676 sq ft of living space. Enjoy modern updates throughout, including durable luxury vinyl plank flooring that flows seamlessly throughout the home. Features two spacious bedrooms, each with its own walk in closet, providing ample storage. The updated kitchen comes with an oven, microwave, and dishwasher, making everyday living a breeze. This unit also includes two assigned parking spaces for added convenience. Ideally located near lake access, I-5, shopping, dining, and other everyday amenities. Don't miss your opportunity to own this beautifully updated condo in a prime location!

14402 Washington Avenue SW Unit #3, Lakewood

Listing courtesy of Premier Real Estate Partners.

$429,000
3 Beds ⋅ 1 Baths ⋅ 2541365 MLS ⋅ ACTIVE Status
VA ASSUMABLE LOAN WITH AN INCREDIBLY LOW INTEREST RATE! Don't miss this rare opportunity to own a well-maintained home with NO HOA and a convenient location just minutes from JBLM, shopping, dining, and major commuter routes. This charming 3-bedroom, 1-bath home offers timeless character, comfortable living spaces, and room to make it your own. The attached garage provides added convenience, while the partially finished basement offers flexible space for a home office, gym, hobby room, or additional storage. Step outside to a beautifully landscaped backyard where mature trees and established plantings create a private retreat perfect for relaxing, entertaining, or enjoying peaceful evenings at home. Pride of ownership shines throughout this property, making it truly move-in ready. Whether you're a first-time buyer, military buyer looking to take advantage of the assumable loan, or someone seeking a home with both value and potential, this property checks all the boxes. Opportunities like this don't come along often!

15205 Grant Avenue SW, Lakewood

Listing courtesy of Capitol Real Estate LLC.

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