Lakewood Homes under $500,000

Lakewood Homes under $500,000

Welcome to Lakewood, Washington – a hidden gem nestled in the heart of Pierce County! Known for its stunning natural beauty and vibrant community spirit, Lakewood offers a perfect blend of suburban tranquility and urban convenience. With its picturesque parks, scenic lakes, and proximity to the breathtaking Mount Rainier National Park, outdoor enthusiasts will find endless opportunities for adventure right at their doorstep.

Lakewood is a family-friendly city that boasts a rich cultural tapestry, with diverse dining options, shopping centers, and recreational facilities. The city is home to several well-regarded schools, making it an ideal place for families looking to settle down. The warmth of the community is palpable, with numerous events and festivals throughout the year that bring residents together to celebrate local art, music, and culture.

For those seeking affordable housing options, Lakewood is an excellent choice. The real estate market offers a variety of homes under $500,000, making it accessible for first-time buyers and growing families alike. From charming single-family homes to cozy townhouses, there’s something for everyone. Many properties feature spacious yards, modern amenities, and are located in friendly neighborhoods, providing the perfect backdrop for creating lasting memories.

Whether you're looking to buy your first home or searching for a peaceful retreat, Lakewood's inviting atmosphere and affordable housing options make it a fantastic place to call home. Come explore what this vibrant city has to offer, and discover your dream home in Lakewood today!

Newest Lakewood Homes under $500,000

15202 Washington Avenue SW, Lakewood
$473,800
2 Beds ⋅ 1 Baths ⋅ 2597672 MLS ⋅ ACTIVE Status
Room to Grow, Space to Dream! Discover the possibilities of over an acre of land in an affordable Lakewood location, just blocks from American Lake! Whether you're dreaming of a spacious homesite, room for gardening and outdoor living, or the potential to explore future development, this property offers a rare opportunity to create the lifestyle you envision. The solid brick bungalow features 2 bedrooms, 1 bath, and over 2,000 sq. ft. of potential living space, plus a detached 2 car garage. Positioned toward the front of the fully fenced parcel, the home leaves an expansive backyard with plenty of room to spread out, entertain, garden, or explore the possibilities. The home is in good condition and is being sold as-is through an estate sale. Enjoy the nearby outdoor recreation at Harry Todd Park on American Lake, with its swimming beach, fishing pier, boat docks, picnic areas, and playground—perfect for embracing the PNW lifestyle. Conveniently located near JBLM, shopping, schools, parks, and lakes, with I-5 corridor improvements, a future Sounder station, and a 1.3-mile shared-use trail adding to the area's appeal. Whether you're seeking extra space, a property to personalize, or the opportunity to investigate additional housing possibilities, this unique property offers room to grow and endless potential. Buyer to independently verify all information, zoning, short-plat potential, permits, and development requirements with the City of Lakewood to their satisfaction.

15202 Washington Avenue SW, Lakewood

Listing Broker: Pellego, Inc.; Shelly McCombs; 425-441-3180; shelly@VibrantHomeRealEstate.com

8727 Moreland Avenue SW, Lakewood
$370,000
2 Beds ⋅ 1 Baths ⋅ 2595253 MLS ⋅ ACTIVE Status
A unique opportunity in Lakewood with privacy, space and options for the future. Set among mature trees, this property offers a setting that feels surprisingly secluded while remaining convenient to the surrounding community.Recent feasibility work indicates that division of the property may be possible, although development would require careful planning due to the existing trees and site considerations. Buyers interested in development should complete their own due diligence regarding their intended use.For a buyer who simply wants more breathing room, the property offers something increasingly difficult to find: a home with substantial land and flexibility for gardening, outdoor living, recreation or future plans. This is an appealing opportunity for an owner-occupant, investor or buyer looking for land with possibilities. Some photos are virtually staged.

8727 Moreland Avenue SW, Lakewood

Listing Broker: Keller Williams Rty Tacoma; Anna E. Matsunaga; 253-212-1252; anna@teammomentumrealestate.com

7425 Ruby Drive SW Unit #E14, Lakewood
$310,000
2 Beds ⋅ 2 Baths ⋅ 2597094 MLS ⋅ ACTIVE Status
Comfortable living in a prime Oakbrook location defines this top-floor, end-unit condo with access to Oakbrook Golf Club, its on-site restaurant, and two swimming pools and community club house. Just minutes from shopping, dining, and nearby walking trails, this home offers both convenience and a peaceful setting. The light-filled living room features a cozy fireplace and sliding glass doors that open to a spacious covered balcony—perfect for everyday relaxation. Enjoy flexible dining options with an eat-in kitchen nook, formal dining area, and balcony space for outdoor meals. Recent updates include newer stainless-steel appliances, new carpet, fresh interior paint, new LVP flooring, and a pantry for added storage. The generous primary suite includes a walk-in closet and a refreshed private bath with a new shower and updated flooring. This unit also includes secured underground garage parking and private gated storage area. Close to schools and shopping. HOA dues cover water, garbage and all landscaping, All pool maintenance and common grounds.

7425 Ruby Drive SW Unit #E14, Lakewood

Listing Broker: RE/MAX Extra Inc.; Don M. Goethals; 253-891-9000; don@homeswithdon.com

8501 Dr SW Zicron Unit #D-59, Lakewood
$265,000
2 Beds ⋅ 2 Baths ⋅ 2595860 MLS ⋅ ACTIVE Status
Tucked into a peaceful location, this charming 2-bedroom, 2-bath condo is a cozy retreat with a view. The primary bedroom has its own en suite bath, plus a second full bath for guests. The living room and kitchen both look out on serene woods, offering calm, natural scenery from morning coffee to evening unwinding. The washer, dryer, and living room TV stay, so you can move right in. Enjoy resort-style amenities, including a clubhouse, swimming pool, tennis court, and sports court. Low-maintenance condo living with a quiet wooded backdrop makes this one easy to love. You’re not going to want to miss it.

8501 Dr SW Zicron Unit #D-59, Lakewood

Listing Broker: Best Choice Realty LLC; Maggie Schauble; 253-820-8026; maggies1802@gmail.com

10430 Gravelly Lake Drive SW Unit #42, Lakewood
$199,900
2 Beds ⋅ 2 Baths ⋅ 2596483 MLS ⋅ ACTIVE Status
Affordable and Retro Cute with some modernization! this Lakewood Condo cannot be beat! WHY rent when you can own? Payments less than rent for most! VA Approved condominium, PRICED RIGHT! Located in the heart of Lakewood, convenient to everything. Across from Lakewood Towne Center, building sits back off Gravelly Lake Drive, Le Ponce de Leon Condo Unit#42 ready to move in now! 1065 square feet, 2 bedrooms, and 2 separate bathrooms. Living room has a beautiful upgraded cozy fireplace and slider to the private back porch with a storage closet, fenced backyard. Back of living room is a wall of windows that brings in natural light. Efficient kitchen with sufficient cabinets and counter space. Large Primary suite with plenty of closet space, and a 3/4 bath. Condo Complex backs to Ponce de Leon Creek and has a nice relaxing open courtyard, outdoor pool, and clubhouse. Your HOA dues of $502/month include water, garbage, and lawn care. Unit #42 has a designated covered parking spot and additional private storage available in the laundry room (right next to your unit). Complex is VA approved. New roof just completed by HOA. Seller paid off the special assessment for the roof!

10430 Gravelly Lake Drive SW Unit #42, Lakewood

Listing Broker: Real Estate Investment Svcs; Don Campbell; 253-677-3367; Donc@reisinvest.com

5110 Filbert Lane SW, Lakewood
$399,950
3 Beds ⋅ 1 Baths ⋅ 2596627 MLS ⋅ ACTIVE Status
Don't miss this Lakewood gem! This inviting 3-bedroom, 1-bath rambler combines comfortable single-level living with a spacious, level lot and a convenient location. Step inside to a bright, functional floor plan featuring an updated kitchen with ample cabinetry and an easy flow into the home's living spaces. Outside, you'll find room to entertain, garden, play, or simply relax and enjoy your own backyard space. Located close to shopping, dining, schools, transit and freeway access, everyday conveniences are just minutes away. An excellent opportunity for first-time buyers, downsizers or anyone looking for a move-in-ready home with room to make it their own. Schedule your showing and experience 5110 Filbert Ln SW for yourself! Motivated Seller!

5110 Filbert Lane SW, Lakewood

Listing Broker: Seattle Works Real Estate; Mike Stubblefield; 206-474-6771; mikestubbs@workrealestate.co

8909 70th Street Ct SW, Lakewood
$459,950
3 Beds ⋅ 2 Baths ⋅ 2595896 MLS ⋅ ACTIVE Status
Enjoy low-maintenance, single-level living with no-step entry in the peaceful, gated community of Chambers Gardens. Nestled beside the Chambers Creek greenbelt in the heart of Oakbrook, this beautifully refreshed home welcomes you with solid oak hardwoods, 9-foot ceilings, and lovely natural light throughout the day. The open floor plan connects living, dining, and kitchen spaces for easy conversation and relaxed entertaining, with a cozy gas fireplace inviting you to settle in. Plantation shutters, fresh interior paint, and new carpet/padding create a warm, welcoming feel. The kitchen features a gas range and SS appliances, granite countertops, breakfast bar seating, while a generous utility room with pantry offers ample storage. Retreat to a spacious primary suite with access to patio, a walk-in closet and skylit five-piece ensuite featuring a large Jacuzzi jetted tub for a relaxing soak. Beautiful new quartz countertops refresh both bathrooms, and a second walk-in closet adds welcome storage. The third bedroom offers flexibility for guests, an office, or hobbies. Enjoy morning coffee on your private patio, central A/C on warm days, and the peace of mind of a newer roof. Oversized 2 car garage. Oakbrook Golf Course / restaurant, Chambers Creek trails, shopping, and dining are minutes away, with the beach about 10 minutes from home. HOA dues cover water, landscaping, roofs, exterior maintenance and gated security. Enjoy beautiful, single level living in Chamber's Gardens!

8909 70th Street Ct SW, Lakewood

Listing Broker: RE/MAX Northwest; Shane Klinkhammer; 253-227-1609; shane@HammerRealEstate.com

2702 93rd Street Ct S Unit #14, Lakewood
$45,000
2 Beds ⋅ 2 Baths ⋅ 2595233 MLS ⋅ ACTIVE Status
Bring your tool belt and your vision! This single wide manufactured home in the Fairfield Estates 55+ community is a true fixer upper with a layout worth the work. The star of the show is the covered deck off the entry, tucked up against the trees on a large corner lot for peaceful morning coffee. Inside, the open floor plan puts the kitchen sink facing the living room, so you can chat while you cook. Two bedrooms sit on opposite sides of the home for privacy. The primary has its own bath with a big soaking tub, and the front bedroom has built-ins. Tons of storage in the laundry room, hallway, and good-sized main bath. Yes, it’s a late-’70s time capsule: retro wallpaper, a built-in china cabinet, and carpet that needs to go. The front steps are awkward, so the deck is your best entry for now. Home has been professionally cleaned. Outside: parking for 4+, a large semi-fenced yard, and a 10'x6' shed with shelves. Reserve the community center for your next gathering!

2702 93rd Street Ct S Unit #14, Lakewood

Listing Broker: Best Choice Realty LLC; Cindy Hileman; 253-720-3533; cindyhilemanre@gmail.com

8909 70th Street Ct SW, Lakewood
$459,950
3 Beds ⋅ 2 Baths ⋅ 2595351 MLS ⋅ ACTIVE Status
Enjoy low-maintenance, single-level living with no-step entry in the peaceful, gated community of Chambers Gardens. Nestled beside the Chambers Creek greenbelt in the heart of Oakbrook, this beautifully refreshed home welcomes you with solid oak hardwoods, 9-foot ceilings, and lovely natural light throughout the day. The open floor plan connects living, dining, and kitchen spaces for easy conversation and relaxed entertaining, with a cozy gas fireplace inviting you to settle in. Plantation shutters, fresh interior paint, and new carpet/padding create a warm, welcoming feel. The kitchen features a gas range and SS appliances, granite countertops, breakfast bar seating, while a generous utility room with pantry offers ample storage. Retreat to a spacious primary suite with access to patio, a walk-in closet and skylit five-piece ensuite featuring a large Jacuzzi jetted tub for a relaxing soak. Beautiful new quartz countertops refresh both bathrooms, and a second walk-in closet adds welcome storage. The third bedroom offers flexibility for guests, an office, or hobbies. Enjoy morning coffee on your private patio, central A/C on warm days, and the peace of mind of a newer roof. Oversized 2 car garage. Oakbrook Golf Course / restaurant, Chambers Creek trails, shopping, and dining are minutes away, with the beach about 10 minutes from home. HOA dues cover water, landscaping, roofs, exterior maintenance and gated security. Enjoy beautiful, single level living in Chamber's Gardens!

8909 70th Street Ct SW, Lakewood

Listing Broker: RE/MAX Northwest; Shane Klinkhammer; 253-227-1609; shane@HammerRealEstate.com

8314 Washington Boulevard SW, Lakewood
$399,950
3 Beds ⋅ 2 Baths ⋅ 2593526 MLS ⋅ ACTIVE Status
Discover the charm of this inviting Lakewood rambler, offering privacy, versatility, and room to make it your own! A gated, fully fenced yard creates a private outdoor retreat, while the open-concept living room features luxury vinyl plank flooring, built-in hallway storage, and a cozy fireplace option. The adjoining kitchen, spacious utility room, and flexible bonus room offer practical everyday living. Step onto the newly finished deck and enjoy the backyard, complete with a powered shop and attached carport for hobbies, projects, and extra storage. Ideal for first-time homebuyers or investors, this property offers convenient access to I-5, JBLM, shopping, dining, and everyday essentials. Don't miss this unique Lakewood opportunity! Seller is not financially able to make any repairs, home is sold as is!

8314 Washington Boulevard SW, Lakewood

Listing Broker: Windermere Central Sound; Jajuan Winesberry; 206-755-7583; jwinesberry@windermere.com

8610 Onyx Drive SW Unit #A, Lakewood
$319,000
3 Beds ⋅ 1 Baths ⋅ 2563992 MLS ⋅ ACTIVE Status
Welcome to Mt. Vernon Village! This very desirable townhome community is nestled on 15 acres of park-like setting. Must see this affordable one level townhome. Rambling sidewalks throughout for that walk with your pet or check out the inviting pool open in the summer. Clubhouse available for those larger parties. All homes have good sized two car garages. Nice kitchen w/dining area, living room w/fireplace and slider to your enclosed patio. 3 bedrooms, bath w/additional sink/vanity in primary bedroom. Walk to fort Steilacoom farmers markets, dog park, walking/biking trails, coffeeshops, stores & restaurants. Close to JBLM & Western St. Hospital.

8610 Onyx Drive SW Unit #A, Lakewood

Listing Broker: PNW Towns and Sound; Mia Perryman; 253-227-4925; miaperryman@gmail.com

7501 Ruby Drive SW Unit #G203, Lakewood
$219,950
1 Beds ⋅ 1 Baths ⋅ 2591874 MLS ⋅ ACTIVE Status
Welcome Oakbrook Country Club Condominiums, where comfort, convenience, and community come together. This well maintained top-floor 1-bedroom home offers a bright, welcoming atmosphere with a cozy wood-burning fireplace for chilly evenings and a private deck overlooking the pool, the perfect spot to enjoy your morning coffee or unwind at the end of the day. Enjoy resort-style amenities including 2 swimming pools, a clubhouse, cabana, and BBQ area, all designed to enhance your everyday lifestyle. Whether you're a first-time buyer, looking to downsize, or seeking easy, low-maintenance living, this is a place you'll be proud to call home. just steps from Oakbrook Golf Club. HOA covers water, garbage & lawn service. Assigned parking, extra storage, and NO RENTAL CAP! Truly turnkey!

7501 Ruby Drive SW Unit #G203, Lakewood

Listing Broker: John L. Scott R.E. Lake Tapps; Chris Engrave; 253-219-3000; puyalluprealtor@gmail.com

Start Your Search
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 is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

How much is your home worth?

Get instant property value now!