Lake Steilacoom Homes under $700,000

Welcome to Lake Steilacoom, a hidden gem nestled in the heart of Lakewood, Washington! This picturesque neighborhood is renowned for its stunning natural beauty, vibrant community spirit, and the serene waters of Steilacoom Lake that provide a perfect backdrop for outdoor enthusiasts. With its lush parks, walking trails, and charming waterfront, Lake Steilacoom offers an idyllic setting for families, retirees, and everyone in between.

One of the most appealing aspects of this neighborhood is its diverse range of homes available for under $700,000. Whether you're searching for a cozy single-family residence, a modern townhouse, or a spacious split-level home, Lake Steilacoom has something to suit every taste and budget. Many properties in the area boast beautiful views of the lake, ample yard space, and easy access to nearby amenities, making it an ideal choice for those looking to settle down in a tranquil yet vibrant environment.

The community itself thrives on a sense of togetherness, with local events and gatherings that foster connections among residents. Enjoy leisurely afternoons at the nearby parks, partake in community festivals, or simply take a stroll along the lake’s edge, where you can watch the sunset paint the sky in hues of orange and pink.

With its affordable housing options, stunning scenery, and welcoming atmosphere, Lake Steilacoom is not just a place to live—it's a place to thrive. Discover your dream home in this charming neighborhood today!

Newest Lake Steilacoom Homes under $700,000

$635,000

3 Beds ⋅ 3 Baths ⋅ 2564623 MLS ⋅ ACTIVE Status

Experience breathtaking waterfront living at 7310 Steilacoom Blvd SW! This beautifully remodeled two-story unit offers stunning water views from multiple locations throughout the home, with a coveted western-facing orientation capturing spectacular sunsets over the water. The flexible two-floor layout is ideal for multigenerational living, providing space and privacy for everyone. The interior has been freshly painted feeling bright, clean, and move-in ready. Thoughtfully remodeled in 2019 with an updated kitchen, spa like primary bath, flooring and more. Includes a 2-year-old heat pump, and a brand-new roof—with the remaining units in the community currently receiving new roofs as well. Enjoy shared dock access for relaxing by the water and taking in the views. A large 2-car garage provides ample room for vehicles, storage, and recreational gear. Located in an all-ages community, this home is conveniently situated just minutes from JBLM and I-5 access, making commuting a breeze. Plus, water and garbage are included in the lease, adding even more value and convenience. From morning waterfront views to spectacular evening sunsets, this is a rare opportunity to enjoy updated, spacious waterfront living in a prime Lakewood location.

7310 Steilacoom Boulevard SW, Lakewood

Listing Broker: Windermere Prof Partners; Chris Thompson; 253-226-2461; cthompson@windermere.com

$650,000

3 Beds ⋅ 2 Baths ⋅ 2568245 MLS ⋅ ACTIVE Status

This unique property offers plenty of flexibility with a 3-bedroom single-family home, attached garage, and a separate detached garage. Adding even more potential, the property includes a detached studio ADU, perfect for extended living, guests, a home office, or additional rental income. The main home provides comfortable living space with three bedrooms and the convenience of an attached garage, while the studio ADU offers privacy and separation from the primary residence. The additional detached garage provides excellent space for parking, storage, a workshop, or recreational toys. With multiple living and garage spaces, this property is a great opportunity for buyers looking for flexibility, additional income potential, or room for their needs to grow. Brokers, see remarks!

6350 Lake Avenue SW, Lakewood

Listing Broker: Better Properties UP/Fircrest; Nathan Harden; 253-327-3866; HardenRealEstate@outlook.com

$695,000

5 Beds ⋅ 3 Baths ⋅ 2548819 MLS ⋅ ACTIVE Status

Welcome home to this hidden gem in the heart of Lakewood on a spacious ½-acre lot with mature landscaping. This well built and maintained home features 5 bedrooms, 2¾ baths. Stone hearth fireplace warms the dining and living rooms. Kitchen has beautiful granite countertops and double oven. Enjoy natural hardwood floors throughout much of the main level. The lower level includes a cellar room (ideal for wine/storage), large rec room, bedroom, walk-in closet and full bathroom. Bonus: detached studio cottage with kitchen and laundry—perfect for guests, rental income, or multi-generational living. Newer roof adds peace of mind. Just a 5-minute walk to Steilacoom Lake, with shopping and schools nearby. Must see to appreciate the quality craftsmanship of this lovely home.

6353 School Street SW, Lakewood

Listing Broker: Every Door Real Estate; Selma Susan Longacre; 808-281-6806; selmal@everydoorrealestate.com

7326 Steilacoom Boulevard SW Unit #D3, Lakewood

$390,000

4 Beds ⋅ 4 Baths ⋅ 2478701 MLS ⋅ ACTIVE Status

INVESTOR ALERT! Approved short sale price of $390,000! Investor and value-add opportunity with Lake Steilacoom views, a desirable location, and excellent potential. This end-unit, townhouse-style condo offers 4 bedrooms, 3.5 baths, a 2-car garage, and a versatile multi-level floor plan.High ceilings, abundant natural light, and a desirable layout provide a great foundation for cosmetic improvements. New carpet, paint, and updating could significantly enhance the property and build equity. The primary suite features lake views, an en suite bath with jetted tub and separate shower, plus a spacious walk-in closet. The living room offers vaulted ceilings, fireplace, and access to a view deck.The lower level includes a bonus room, fourth bedroom, and full bath, providing additional flexibility for guests, multi-generational living, or office space. HOA dues cover common-area maintenance, garbage, lawn service, and water. Community amenities include landscaped grounds, a walking path to Lake Steilacoom, and shared dock. Convenient to shopping, dining, parks, JBLM, and Madigan Army Medical Center. Bring your vision and capitalize on the location, lake views, and value-add potential!

7326 Steilacoom Boulevard SW Unit #D3, Lakewood

Listing Broker: eXp Realty; Ken Crotts; 425-432-8600; Ken@KenCrotts.com

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