For Sale200d on market

654 Malibu Dr SE

Lacey, WA, 98503 • 98503 • Thurston County

$299,000

$309/sqft

-$16,000 since Mar 13, 2026

Down payment assistance available

2Beds

1Baths

968Sqft

0.02 acLot

1984Built

Property DNA

4 highlights

Townhouse Style

Built 1984 · 42 years of history

Lacey

98503

Outdoor Living

Bath Off Primary · Dining Room · Fireplace

1 Fireplace

Wood Burning · Main Level: 1 · Fireplace

This home is getting attention

Listed 200 days ago · 1,753 views · 94 saves

Market activity

Demand and pricing signals for this listing

1,753 views

People checking out this listing

94 saves

Buyers have saved this home

200 days on market

Established listing

$309/sqft

Price per square foot

About this home

Single Family · Built 1984

Fantastic and unique townhouse in the perfect Lacey location. This home is full of character! With wood-beam ceilings on the main floor, a wood-burning fireplace, and an open-concept living space, you will feel immediately at home. The kitchen is complete with a breakfast bar, and all appliances stay. On the upper level, you will find two bedrooms and a full bath. Step outside to your own fenced-in space ready for you to relax or entertain. Enjoy the community amenities, nearby restaurants, and shopping!

Standout features identified

Our analysis highlights wood-burning fireplace, wood-beam ceilings, and breakfast bar as key attractions of this home.

Estimated monthly payment

Based on current rates

$1,953/month

Principal & Interest$1,463

Property Tax$299

Insurance$100

HOA$92

Down payment20% ($59,800)

3%50%

Est. 6.18% rate · 30yr fixed · $239,200 loan

Full calculator →

At a glance

Key facts and listing details

TypeSingle Family Residence

Year Built1984

HeatingFireplace, Baseboard, Electric, Wood

CoolingNone

ParkingOff Street

HOA$92 monthly

Lot958.32 sqft

Days on Zillow200 Days

Price/sqft$309

Property

Home typeSingle Family

Sub-typeSingle Family Residence

StyleTownhouse

Year built1984

Systems

HeatingFireplace, Baseboard, Electric, Wood

CoolingNone

RoofComposition

ConstructionWood Products

Water / SewerPublic, Company: City of Lacey / Sewer Connected, Company: City of Lacey

Parking & Outdoor

ParkingOff Street

BasementNone

Fireplaces1

Lot958.32 sqft

Location & Tax

Neighborhood98503

Annual tax$2,679

Parcel67870008300

Bathrooms & Fees

Full baths1

HOA$92/mo

Features & details

11 categories of property features

Interior Features

Interior

Bath Off Primary

Dining Room

Appliances

Dishwasher

Dryer

Refrigerator

Washer

Dishwasher(s)

Dryer(s)

Refrigerator(s)

Washer(s)

Flooring

Laminate

Vinyl

Carpet

Heating

Fireplace

Baseboard

Electric

Wood

Cooling

None

Fireplace

Wood Burning

Main Level: 1

Fireplace

Exterior Features

Parking

Off Street

Construction

Wood Products

Patio & Porch

Bath Off Primary

Dining Room

Fireplace

Lot Features

Paved

Fenced-Partially

Patio

Community

CCRs

Clubhouse

Park

Room details

6 rooms detailed

Master Bedroom

Second

Bedroom

Second

Bathroom Full

Second

Dining Room

Main

Entry Hall

Main

Living Room

Main

Listing insights

Market data and value estimates

StatusFor Sale

Days on market200

Est. value$299,300

Est. rent$1,936/mo

Tax rate0.81%

Price/sqft$309

On marketSep 17, 2025

PostedSep 18, 2025

Last sold$305,000

MLS statusActive

MLS updatedApr 1, 2026

Tour days9

Favorites94

How are the schools in Lacey?

3 schools rated nearby

Lacey Elementary School

Elementary • Public • K-5

1.1 mi

Salish Middle School

Middle • Public • 6-8

3.2 mi

North Thurston High School

High • Public • 9-12

1.6 mi

Location

Lacey, WA, 98503

Expand map

Price history

17 events

DateEventPrice$/sqftSource

Mar 13, 2026Price Change$299,000$309NWMLS as distributed by MLS GRID

Feb 27, 2026Price Change$315,000$325NWMLS as distributed by MLS GRID

Sep 26, 2025Price Change$319,900$330NWMLS as distributed by MLS GRID

Sep 18, 2025Listed For Sale$329,900$341NWMLS as distributed by MLS GRID

Nov 24, 2021Sold$305,000$315NWMLS as distributed by MLS GRID

Oct 19, 2021Pending Sale$320,000$331NWMLS as distributed by MLS GRID

Oct 5, 2021Listed For Sale$320,000$331NWMLS as distributed by MLS GRID

Mar 24, 2020Sold$227,000$235NWMLS as distributed by MLS GRID

Feb 26, 2020Pending Sale$225,000$232Windermere Chambers Bay

Feb 21, 2020Price Change$225,000$232Windermere Chambers Bay

Feb 15, 2020Listed For Sale$250,000$258Windermere Chambers Bay

May 2, 2018Listing Removed$164,900$170Better Properties Valley Assoc

Apr 19, 2018Pending Sale$164,900$170Better Properties Valley Assoc

Apr 15, 2018Listed For Sale$164,900$170Better Properties Valley Assoc

Feb 8, 2017Sold$145,000$150NWMLS as distributed by MLS GRID

Dec 9, 2016Pending Sale$134,900$139Windermere Real Estate/Olympia

Dec 7, 2016Listed For Sale$134,900$139Windermere Real Estate/Olympia

Price Change$299,000

Mar 13, 2026•$309/sqft•NWMLS as distributed by MLS GRID

Price Change$315,000

Feb 27, 2026•$325/sqft•NWMLS as distributed by MLS GRID

Price Change$319,900

Sep 26, 2025•$330/sqft•NWMLS as distributed by MLS GRID

Listed For Sale$329,900

Sep 18, 2025•$341/sqft•NWMLS as distributed by MLS GRID

Sold$305,000

Nov 24, 2021•$315/sqft•NWMLS as distributed by MLS GRID

Pending Sale$320,000

Oct 19, 2021•$331/sqft•NWMLS as distributed by MLS GRID

Listed For Sale$320,000

Oct 5, 2021•$331/sqft•NWMLS as distributed by MLS GRID

Sold$227,000

Mar 24, 2020•$235/sqft•NWMLS as distributed by MLS GRID

Pending Sale$225,000

Feb 26, 2020•$232/sqft•Windermere Chambers Bay

Price Change$225,000

Feb 21, 2020•$232/sqft•Windermere Chambers Bay

Listed For Sale$250,000

Feb 15, 2020•$258/sqft•Windermere Chambers Bay

Listing Removed$164,900

May 2, 2018•$170/sqft•Better Properties Valley Assoc

Pending Sale$164,900

Apr 19, 2018•$170/sqft•Better Properties Valley Assoc

Listed For Sale$164,900

Apr 15, 2018•$170/sqft•Better Properties Valley Assoc

Sold$145,000

Feb 8, 2017•$150/sqft•NWMLS as distributed by MLS GRID

Pending Sale$134,900

Dec 9, 2016•$139/sqft•Windermere Real Estate/Olympia

Listed For Sale$134,900

Dec 7, 2016•$139/sqft•Windermere Real Estate/Olympia

Tax history

23 years of records

YearTax paidAssessed value

Apr 7, 2024$2,680$257,500

Apr 7, 2023$2,292$239,200

Apr 7, 2022$2,095$219,600

Apr 7, 2021$2,291$196,500

Apr 7, 2020$1,764$140,800

Apr 7, 2019$1,183$125,600

Apr 7, 2018$1,390$107,600

Apr 7, 2017$1,025$92,900

Apr 7, 2016$1,025$85,500

Apr 7, 2014$1,025$78,000

Apr 7, 2013—$71,450

Apr 7, 2012$1,118—

Apr 7, 2011——

Apr 7, 2010——

Apr 7, 2009$1,325—

Apr 7, 2008——

Apr 7, 2007$1,321—

Apr 7, 2006$1,811—

Apr 7, 2005$2,472—

Apr 7, 2004——

Apr 7, 2002——

Apr 7, 2001$1,092$71,900

Apr 7, 2000$1,112$70,400

Nearby homes

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Recently Sold

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Recently Sold

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2 bd1 ba1,060 sqft

636 Malibu Dr SE, Lacey, WA

Recently Sold

$420,000

3 bd2 ba1,092 sqft

637 Malibu Dr SE, Lacey, WA

Pending

$439,999

3 bd2 ba1,092 sqft

647 Malibu Dr SE, Lacey, WA

Recently Sold

$445,000

3 bd3 ba1,361 sqft

608 Malibu Dr SE, Lacey, WA

Recently Sold

$449,950

3 bd3 ba1,361 sqft

614 Malibu Dr SE, Lacey, WA

Neighborhood details

Local context around this listing

Lacey, WA • Thurston County

Nearby cities

BucodaCentraliaLaceyNisqually Indian CommunityOlympiaRainierRochesterTenino

Nearby zip codes

98503985099851398516

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Value estimates

Live

Est. value$299,300

Est. rent$1,936/mo

30yr rate est.6.18%

Affordability$1,848/mo

Accepted financing

Conventional

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Based on information submitted to the MLS GRID as of 2026-04-07 10:43:38 PDT. 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. [Click here for more information](/mls-disclaimers/#39)

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