98516 Homes under $1.25 million

98516 Homes under $1.25 million

Welcome to the charming community of zip code 98516, nestled in the picturesque Thurston County, Washington. This vibrant area boasts a unique blend of natural beauty and suburban convenience, making it an ideal place for families, professionals, and retirees alike. With its lush landscapes and proximity to stunning parks, residents can enjoy outdoor activities year-round, from hiking scenic trails to picnicking in serene settings.

The real estate market in 98516 is particularly enticing for those seeking homes under $1.25 million. Here, you’ll find a diverse selection of properties that cater to various lifestyles and preferences. Whether you’re looking for a cozy single-family home, a modern townhouse, or a spacious residence with ample yard space, this area has something for everyone. Many homes feature contemporary designs, updated interiors, and beautiful outdoor spaces, perfect for entertaining or simply enjoying a quiet evening at home.

In addition to its appealing housing options, the 98516 area offers excellent schools, vibrant shopping districts, and a strong sense of community. Residents appreciate the local amenities, including parks, restaurants, and recreational facilities, all contributing to a high quality of life. With easy access to major highways, commuting to nearby cities like Olympia and Tacoma is a breeze, making it a perfect location for those who work in urban centers but prefer the tranquility of suburban living.

Explore the possibilities in zip code 98516, where your dream home awaits in a welcoming and thriving community.

Newest 98516 Homes under $1.25 million

7108 Raptor Avenue NE, Lacey
$539,950
4 Beds ⋅ 3 Baths ⋅ 2591324 MLS ⋅ ACTIVE Status
Welcome home to this beautifully maintained 4-bedroom, 2.5-bath home with 2,141 sq. ft. of living space in Eagle Court. The bright, open-concept main level is ideal for everyday living and entertaining, featuring a spacious kitchen with granite countertops, stainless steel appliances, abundant cabinetry, and a large island overlooking the dining and living areas. A cozy gas fireplace anchors the living room, while large windows bring in plenty of natural light.The main level also includes a separate flex space that works well as a home office, study, playroom, or additional sitting area, giving the home extra versatility. Upstairs, the spacious primary suite features a walk-in closet, dual vanities, soaking tub, and separate shower, along with three additional bedrooms.Central A/C keeps the home comfortable year-round. Out back, enjoy an expansive patio and fully fenced yard with mature evergreen trees that create a natural privacy screen and help block views from neighboring homes, giving the backyard a more secluded feel.Complete with an attached 2-car garage and convenient access to I-5, JBLM, shopping, restaurants, and everyday amenities, this home offers an excellent combination of space, comfort, flexibility, privacy, and location.

7108 Raptor Avenue NE, Lacey

Listing Broker: Real Broker LLC; Dan Claugus; 855-450-0442; danielclaugus@gmail.com

7629 13th Avenue NE, Olympia
$474,900
4 Beds ⋅ 2 Baths ⋅ 2590356 MLS ⋅ ACTIVE Status
Welcome to this well-maintained single-level home offering comfortable living, thoughtful updates, and a convenient location close to shopping, dining, and everyday amenities. The spacious living room features a cozy fireplace, while the adjoining dining area connects easily to the kitchen and backyard patio. Recent improvements include a new furnace and heat pump, newer LVP flooring and carpet, fresh interior paint, updated lighting and ceiling fans, a newer electrical panel, resurfaced kitchen counters, and freshly painted cabinetry. The flexible floor plan offers multiple bedrooms, including a primary suite with private half bath and walk-in closet. Outside, the extended patio and fenced backyard provide plenty of room to relax, entertain, or play. The attached garage adds even more function with custom lighting and extra storage. With major systems already updated and plenty of practical improvements throughout, this move-in-ready home offers a great combination of comfort, convenience, and value.

7629 13th Avenue NE, Olympia

Listing Broker: Olympic Sotheby's Int'l Realty; Tim Lynch; 360-528-4160; tim@timlynchhomes.com

4522 Edgewater Boulevard NE, Lacey
$539,999
4 Beds ⋅ 3 Baths ⋅ 2590629 MLS ⋅ ACTIVE Status
Thoughtfully designed and spacious, this 4-bedroom, 2.5-bath Lacey home offers 2,400 SF of well-planned living space with a desirable two-story layout—and an assumable VA loan at an attractive 2.375% interest rate for qualified buyers, subject to lender approval and loan terms. The main level welcomes you with a comfortable living room anchored by a gas fireplace, a dedicated den/office, kitchen with eating space, and convenient utility room. Upstairs, the primary suite features a private bath and walk-in closet, complemented by three additional bedrooms and a second full bath. Hardwood, vinyl, and carpet flooring create a versatile mix of textures throughout, while double-pane/storm windows add everyday comfort. Outside, enjoy a patio, sprinkler system, level lot, sidewalk access, and territorial outlook. The attached 2-car garage provides 361 SF of covered parking and storage. Built in 2011 and located in an HOA community, this home brings together generous living space, practical design, and low-maintenance functionality. All HOA docs can be accessed at https://my.managementtrust.com

4522 Edgewater Boulevard NE, Lacey

Listing Broker: Real Broker LLC; Dustin Comey; 425-585-8025; dustin@veteranteam.us

4155 Bainbridge Court NE, Lacey
$629,500
2 Beds ⋅ 2 Baths ⋅ 2590710 MLS ⋅ ACTIVE Status
Just steps from the Jubilee Lodge and its incredible amenities, this beautifully updated Woodlands floor plan offers an unbeatable combination of convenience, comfort & low-maintenance living. Major improvements include a brand-new roof completed September 2026, exterior paint in 2024 and a tankless water heater installed in 2023. Inside, enjoy new flooring throughout and an updated kitchen featuring quartz countertops, new stainless steel appliances (2026), upgraded cabinetry, gas range and Roman shades. The light-filled great room offers a cozy gas fireplace, ceiling fan and French doors leading to the backyard, along with stained-glass French doors opening to the den. The primary suite features plantation shutters, walk-in closet and ensuite with quartz counters, dual vanity with new faucets and full shower. A second bedroom includes a newly installed closet system, while the guest bath also features quartz counters and an updated shower. Outside, professionally landscaped front and back yards were thoughtfully designed for easy maintenance, with a charming water feature, raised garden beds, flower pots, storage shed and convenient side dog run with artificial turf. Beautifully updated, meticulously cared for and exceptionally close to the heart of Jubilee! (Some Images Are Virtually Staged)

4155 Bainbridge Court NE, Lacey

Listing Broker: City Realty Inc.; Katelynn Rajcich; 360-481-2133; katelynnrajcich@gmail.com

5009 Orcas Street NE, Lacey
$699,500
2 Beds ⋅ 2 Baths ⋅ 2590172 MLS ⋅ ACTIVE Status
Set against the scenic backdrop of the 12th fairway, this Cannes floor plan by Shea Homes offers inviting spaces inside and out. A unique stone entry and welcoming front porch lead into a meticulously cared-for interior with engineered hardwoods throughout the main living areas and plantation shutters throughout. The den features glass French doors and beautiful built-in desk and shelving. The open great room showcases an updated linear fireplace and expansive Western sliding glass doors, creating a seamless connection to the covered outdoor living space. The kitchen features quartz countertops, stainless steel appliances, gas range, upgraded cabinetry with pull-out shelving and a large island. The spacious primary suite includes a bay window with wood blinds, dual vanities, full-tile shower with bench and large walk-in closet. Generous laundry room offers abundant storage, utility sink and additional desk space. Outside, enjoy year-round living on the large covered patio with stunning fireplace, professionally landscaped yard, water feature and easy-care 2-person fiberglass hot tub, all overlooking the fairway with mature trees providing a wonderful sense of privacy. Newer A/C in 2023 and exterior painted in 2022. Pre-inspected for added peace of mind!

5009 Orcas Street NE, Lacey

Listing Broker: City Realty Inc.; Katelynn Rajcich; 360-481-2133; katelynnrajcich@gmail.com

4602 7th Avenue NE, Lacey
$470,000
3 Beds ⋅ 2 Baths ⋅ 2588521 MLS ⋅ ACTIVE Status
Enjoy the ease of one-story living in this inviting Lacey rambler, tucked away on a quiet cul-de-sac. Set on a nearly quarter-acre lot, this home offers a comfortable layout with nicely sized bedrooms and thoughtful updates throughout. The updated kitchen brings a fresh feel to the heart of the home, while the living room’s wood stove adds warmth and character. Stay comfortable year-round with A/C, and enjoy added efficiency with solar panels. Outside, the covered back porch creates a great spot for morning coffee, gatherings, or simply enjoying the peaceful surroundings, while established fruit trees add to the charm. A new roof in 2024 and newer septic system provide added peace of mind. Conveniently located close to town, minutes to North Thurston HS, and easy freeway & JBLM access, this home offers the best of a relaxed setting without giving up everyday convenience.

4602 7th Avenue NE, Lacey

Listing Broker: Real Broker LLC; Aaron N. Thomas; 253-740-7662; aaron@aaronthomashometeam.com

4236 Dudley Drive NE, Lacey
$639,000
4 Beds ⋅ 3 Baths ⋅ 2588719 MLS ⋅ ACTIVE Status
Welcome to the sought-after community of Meridian Campus, where beautiful surroundings, thoughtful design & an exceptional Lacey lifestyle come together. Set within a picturesque, tree-lined golf course setting, this inviting home offers easy access to winding wooded walking trails, a community park & 2 championship courses. Inside, the open-concept main level is made for gathering w/warm engineered hardwood floors, cozy gas fireplace, dining area & spacious kitchen w/quartz counters, abundant cabinetry, island seating & SS appliances including a convection oven/range w/built-in air fryer. Main-level office/flex space adds versatility, while upstairs, a welcoming loft/landing & large bonus room offer even more space to relax, work or enjoy your favorite hobbies. Expansive Primary Suite feels like a private retreat w/spa-inspired soaking tub, dual quartz vanity, separate shower w/glass doors, WIC & private sauna. Abundant storage throughout includes multiple closets, extensive attached shelving & built-in laundry cabinetry w/front-load W/D. Outside, enjoy low-maintenance front turf, beautifully landscaped fully fenced backyard, covered patio, garden shed, 2-car garage & adjacent HOA green space. Minutes to shopping, restaurants, everyday conveniences & Puget Sound recreation.

4236 Dudley Drive NE, Lacey

Listing Broker: Riley Jackson Real Estate Inc.; Natalie Buckey; 360-951-8635; Info@soldbynataliebuckey.com

5209 Oystercatcher Lane NE, Olympia
$1,174,900
4 Beds ⋅ 3 Baths ⋅ 2589561 MLS ⋅ ACTIVE Status
RARE Lacey luxury home on 1.49 private acres in The Woodlands, a gated community near Hawks Prairie, Olympia & JBLM! Built in 2021, this exceptional 4-bedroom, 3-bath, 3,127 SF home offers the hard-to-find combination of newer construction, acreage, privacy, flexible living space & incredible Pacific Northwest outdoor living. The open-concept great room flows into a chef-inspired kitchen with quartz countertops, stainless appliances & large butler’s pantry. A dedicated home office/den plus spacious bonus room provide flexibility for working from home, guests, media or multigenerational living. Retreat to the luxurious primary suite with soaking tub, tiled walk-in shower & dual quartz vanities. Outside, the fully fenced 1.49-acre property feels like a private park with expansive lawn, mature fruit trees, established landscaping, fire pit & gazebo. Entertain year-round on the covered deck with stone-surround gas fireplace & TV hookup. The RARE 4-CAR SIDE-ENTRY GARAGE provides exceptional space for vehicles, storage, hobbies, a workshop & recreational gear. Convenient to Hawks Prairie shopping & dining, I-5, JBLM, Olympia & Tacoma. A standout choice for buyers searching for a Lacey WA luxury home, gated community, newer home with acreage, 4-car garage, home near JBLM or private Pacific Northwest estate! Enjoy the Woodlands gated community lifestyle - nearby NEW shopping center, eats, parks, golf course, & the Sound & more.

5209 Oystercatcher Lane NE, Olympia

Listing Broker: COMPASS; Nicole Braam; 253-237-2090; nicole.braam@compass.com

8818 Shepard Way NE, Lacey
$649,995
5 Beds ⋅ 4 Baths ⋅ 2588127 MLS ⋅ ACTIVE Status
Imagine ending the day with the sun setting over the 18th fairway & nothing left to do but enjoy the view. Welcome to 8818 Shepard Way NE, where thoughtful design, beautiful finishes, & more than $50k in seller upgrades come together to create a home that is effortlessly special. The moment you enter, the open-concept main level invites you to settle in & stay awhile.The gas fireplace anchors the living space,while the elevated kitchen takes center stage with an extensive one level island topped in quartz,creating the perfect gathering place for morning coffee,dinners,& entertaining.A second primary suite on the main level offers exceptional flexibility for guests or multigenerational living. Upstairs,you'll find 3 bedrooms & spacious primary suite designed to feel like your own private retreat. The beautifully remodeled primary bath is the kind of space you'll look forward to escaping to,with a soaking tub perfectly positioned for taking in those spectacular sunsets.The back patio becomes an extension of the home,overlooking the golf course & offering a front-row seat to pnw beauty.The thoughtful details continue with a Tesla EV charger in the garage,updates throughout,& a completed pre-inspection.Beautifully executed,thoughtfully designed,& ready for its next chapter.Experience the view,lifestyle,setting,& feeling of a home where the hard work has already been done.Listing agents are offering a 1 year home warranty.Also enjoy one year membership Hawks prairie Golf Course!

8818 Shepard Way NE, Lacey

Listing Broker: John L Scott Madrona Group; Danielle Caraway; 425-458-8377; dannicaraway@johnlscott.com

8533 Capstan Drive NE, Olympia
$495,000
3 Beds ⋅ 2 Baths ⋅ 2583332 MLS ⋅ ACTIVE Status
RAMBLER + MOVE-IN READY + PRIME LACEY LOCATION! Welcome home to the easy one-level living you've been searching for! This beautifully maintained 3-bedroom, 2-bath rambler delivers an open, inviting floor plan designed for both everyday comfort and entertaining. Step inside to hardwood floors, vaulted spaces, and a cozy gas fireplace that anchors the spacious living area. The open kitchen keeps everyone connected with a large island, generous workspace, and adjoining dining area—perfect for gatherings, game days, or casual nights at home. Retreat to the impressive primary suite featuring a vaulted ceiling, walk-in closet, and private 5-piece bath with room to relax and recharge. Two additional bedrooms offer flexibility for guests, an office, or hobby space. Outside, enjoy covered front AND back outdoor living, a partially fenced, low-maintenance yard, and newer interior and exterior paint that adds to the move-in-ready appeal. All appliances stay, including the newer washer and dryer! Add an attached 2-car garage and excellent access to I-5, JBLM, shopping, parks, and golf, and this home checks all the boxes. Single-level homes like this don't come along every day—come see why this one deserves to be at the top of your list!

8533 Capstan Drive NE, Olympia

Listing Broker: eXp Realty; Andre' Jones; 253-324-4167; andre.jones@exprealty.com

5171 Emily Way NE Unit #6, Lacey
$532,995
4 Beds ⋅ 3 Baths ⋅ 2589384 MLS ⋅ ACTIVE Status
Now open! Welcome to Ventura Crossing by D.R. Horton, a new construction community of 68 homes in Lacey! A charming covered front porch welcomes you to the Sherwood. This home begins to impress from its entry hallway leading to a powder room, garage, and roomy storage closet. At the end, a thoughtfully designed open-concept great room with ample dining space will mesmerize. The kitchen offers plentiful cabinetry and a convenient island. Upstairs, an expansive primary suite with walk-in closet, centrally located laundry room, three additional bedrooms and a full bath complete this lovely home. Hard surface flooring on the main level, quartz countertops, stainless steel appliances with gas range, and heat pump for A/C. Smart home technology and D.R. Horton's 10-year warranty come standard. Below market rates and buyer bonus incentives available through the preferred lender for qualified buyers. Buyers must register their real estate brokers prior to or during their first visit, including open houses.

5171 Emily Way NE Unit #6, Lacey

Listing Broker: D.R. Horton; Kevin Pier; 206-913-9339; ktpier@drhorton.com

5170 Emily Way NE Unit #7, Lacey
$480,995
3 Beds ⋅ 3 Baths ⋅ 2589424 MLS ⋅ ACTIVE Status
Now open at Ventura Crossing by DR Horton Homes. Exciting community amenities like a playground, and open spaces. With its convenient Lacey location, destinations like JBLM, the State Capitol, and Olympia's Historic District are all within reach. The Fir B offers 3 bed + loft/office, 2 1/2 bath w/ all the luxury of a new home. Huge kitchen island, slab quartz counters, gas range, stainless appliances w/tons of storage & A/C. Primary suite boasts separate bath & walk-in closet. Located only 15 min from JBLM. Below market rates and a $10,000 buyer bonus available through the preferred lender for qualified buyers. Buyers must register their brokers on the first visit including any open house. Come see what all the excitement is about.

5170 Emily Way NE Unit #7, Lacey

Listing Broker: D.R. Horton; Kevin Pier; 206-913-9339; ktpier@drhorton.com

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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