5605 Reef Lane NE · Olympia, WA 98516
Source: NWMLS · Abbey Realty Inc · Jami R. Downing #NWM2481116
About this home
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!
Location
Basics
- Property type
- Single Family Residence
- Style
- Traditional
- Stories
- 1 story
- Condition
- Very Good
- Year built
- 2021
- Lot size
- 5,371 sq ft (0.12 acres)
- County
- Thurston
- MLS #
- NWM2481116
Interior
- Heating
- Forced Air
- Cooling
- Central Air, Forced Air
- Flooring
- Laminate, Vinyl, Carpet
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Tankless Water Heater, Washer
- Fireplace
- 1 · Gas
- Interior features
- Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater, Wired for Generator
- Entry level
- Main
Exterior & lot
- Exterior features
- Cement/Concrete, Wood
- Roof
- Composition
- Foundation
- Poured Concrete
- Lot features
- Curbs, Paved, Sidewalk
- Topography
- Level
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 2
- Garage
- Yes (attached)
- Covered spaces
- 2
- Parking features
- Driveway, Attached Garage
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric, Natural Gas
Community & fees
- Subdivision
- Jubilee
- Community features
- Age Restriction, Athletic Court, CCRs, Club House, Golf, Park, Playground, Trail(s)
- HOA dues
- $305/mo
- Property tax
- $6,664 (2026)
Transaction
- Original list price
- $725,000 (13.8% price cut)
- Listed on
- Jun 12, 2026
- Days on market
- 99
- Price per sq ft
- $362
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2024-09-27
- Sold$665,000
- 2021-09-15
- Sold$576,306
Schools
School district: North Thurston
- Elementary
- Olympic View Elem
- Middle
- Salish Middle
- High
- River Ridge High SchoolSchoolDigger 2 stars · Top 60% in WA

Listing provided courtesy of: Abbey Realty Inc
Listing agent: Jami R. Downing.
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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-09-17.