8623 Steilacoom Road Se, Lacey, WA 98513

Lacey
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: chris gurnee, frank lopez
Office: exp realty
MLS#:2543215
Source:NWMLS
8623 Steilacoom Road Se,Lacey, WA 98513
$1,350,000
  • 1.28 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$1,350,000

About this home

Investor / Developer Opportunity – Approved 7-Lot Short Plat in Growing Lacey Market! Rare development opportunity on 1.28 acres with an existing duplex and enhanced short plat approval in place. Approved civil plans are available through the city, allowing the next owner to move forward with water and sewer extensions, sidewalks, and street tree improvements. The approved project creates a total of 7 separate lots, including:Conversion of the existing duplex into 2 townhouse lots, 5 additional single-family residential lots, 7 total buildable lotsWashington State's current housing regulations may allow up to 2 ADUs per lot (buyer to verify), creating the potential for 7 primary residences plus up to 14 ADUs for significant density and income potential.Conveniently located approximately 1.5 miles from I-5, with major retail amenities including Costco and Home Depot nearby. Situated in the rapidly growing city of Lacey, home to approximately 60,000 residents, this property offers an...

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Home facts

  • Subdivision & Development:Lacey
  • Listing ID #:2543215
  • Updated:August 14, 2026 at 11:20 AM

Structure and exterior

  • Lot area:1.28 Acres
  • Lot Features:Corner

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:In Street, Shared Well
  • Sewer:On Property

Finances and disclosures

  • Price:$1,350,000
  • Tax amount:$5,642 (2026)

Parking

  • Parking description:Garage
  • Garage:Yes
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