$675,000
Est. $3,442/mo3 bd•1 ba•1,726 sq ft
5605 Reef Lane Ne, Olympia, WA 98516
• Listed 2026-06-12•4 days on market
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of July 24, 2026 at 07:57am (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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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!
Listed by Jami R. Downing • Abbey Realty Inc
Listing updated: July 24, 2026 at 07:57am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2481116
Open houses
2 datesNearby open houses (1)
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Open Sat, Aug 1$662,000
-$13,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $600K and $780K.
Rental earnings
$1,975/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$780,000Last sold price
8317 Ne 52nd Avenue Ne, Lacey, WA 98516
$680,000Last sold price
5619 Waldron Drive Ne, Lacey, WA 98516
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
5605 Reef Lane Ne, Olympia, WA 98516
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
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North Thurston School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Olympia is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 11 days.
$750,000 Sold
7 weeks ago
2 bd•1 ba•~2,083 sq ft•Single Family
8327 Vashon Drive Ne, Lacey, WA 98516
3%
Under list
—
Days on market
0.6 mi
Distance
$780,000 Sold
3 months ago
3 bd•2 ba•~2,013 sq ft•Single Family
8317 Ne 52nd Avenue Ne, Lacey, WA 98516
3%
Over list
—
Days on market
0.2 mi
Distance
$630,000 Sold
3 months ago
2 bd•1 ba•~2,026 sq ft•Single Family
8231 Orcas Loop Ne, Lacey, WA 98516
5%
Under list
—
Days on market
0.9 mi
Distance
$471,936 Sold
3 months ago
2 bd•1 ba•~1,469 sq ft•Single Family
4901 Spokane St Ne, Lacey, WA 98516
3%
Under list
—
Days on market
0.8 mi
Distance
$865,000 Sold
3 months ago
4 bd•2.5 ba•~2,509 sq ft•Single Family
8104 52nd Avenue Ne, Olympia, WA 98516
1%
Under list
—
Days on market
0.5 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
