$548,722Average Value$304Average Price per Sq Ft42Homes For Sale
Scenic suburb near Central Lacey
The Lakes is a large, suburban neighborhood in central Lacey named for the three sizable lakes found within its borders. The neighborhood offers residents a woodsy environment that’s also right next to the shopping and dining in Lacey’s central commercial district. “There are a lot of nice, modern developments in the area,” says Realtor and Olympia native Justin Clement with Better Homes and Gardens. “Obviously, the water is a big part of the neighborhood for a lot of people, especially if your house is on the water. And it’s pretty convenient getting to shopping or to Joint Base Lewis-McChord.”
Locals walk the colorful streets of The Lakes WA.
Quaint colorful communities make up The Lakes WA.
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Hicks, Long and Pattison lakes
Hicks Lake, Long Lake and Pattison Lake are central to the fabric of the neighborhood, particularly for those who live on the lakes. Private docks are common, and boating and fishing are popular pastimes. All the lakes are encircled by single-family homes that, paradoxically, limit lake access for the majority of the neighborhood’s homes, which aren’t on the water. Each lake has a single public boat launch, and routes to the launches can be a bit circuitous. Apart from the lakes, there are a number of small public parks scattered throughout the neighborhood featuring playgrounds and athletic fields. Long Lake Park is popular with boaters and swimmers in the summer, but may be best known for its New Year’s Day Polar Bear Club, which sees dozens of locals take the plunge into its waters on New Year's Day while hundreds of others spectate.
Hicks Lake is a 160 acres lake popular for kayaking, fishing, and boating in Lacey WA.
Long Lake offers stunning views and waterfront property in The Lakes WA.
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A variety of suburban home styles
Housing in The Lakes neighborhood consists mainly of single-family homes, many of which were built in the late 1980s and early 1990s. Many homes back up onto one of the neighborhood’s three lakes and feature backyard docks for boating and fishing. Architectural styles vary, but it’s common to see midcentury ranch-style homes, Pacific Northwest-style bungalows and standard suburban designs with features like attached garages, modest front yards and back patios. The neighborhood’s streets and backyards are studded with mature pines, providing a sense of seclusion despite The Lakes' proximity to busy commercial areas. Smaller ranch-style homes and townhouses in the neighborhood can sell for as little as $350,000, but the more modern suburban builds that make up most of The Lakes’ housing stock generally sell for $400,000 to $600,000. Waterfront homes, which tend to be a bit larger than most of the other homes in the neighborhood, can sell for anywhere from $700,000 to just under $2 million.
Premium craftsman homes with landscaped yards are plentiful in The Lakes WA.
Many large traditional homes can be found inland from the lakes in The Lakes WA.
Many of the beach front properties offer a dock for the boat along Long Lake in The Lakes WA.
Exceptional landscaped homes live along the coast of Hicks Lake in The Lakes WA.
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Timberline High's CTE programs
Public schools in the neighborhood are overseen by the North Thurston School District. Woodland Elementary School has a B-plus on Niche, while Komachin Middle School has a B grade. Timberline High School has an A-minus and offers college courses to students through its career and technical education programs, which have their classes at nearby South Puget Sound Community College.
Timberline High School has a student-teacher ratio of 22:1 in Lacey WA.
Woodland Elementary School has a 16:1 student-teacher ratio in Lacey WA.
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Shopping along Pacific Avenue
Local shopping and dining are concentrated in west Lacey, just to the north of The Lakes along Pacific Avenue. This area is less than a 1-mile drive from homes on the north side of the neighborhood and up to five miles by car from homes on the south end near Pattison Lake. It’s home to Safeway and Fred Meyer supermarkets, along with a variety of department stores, shopping centers and local and chain restaurants. Dining options range from highly rated food trucks to upscale eateries like modern steakhouse Ricardo’s Kitchen + Bar. Additional shopping and dining can be found in historic downtown Olympia, roughly 6 miles west of the neighborhood. Downtown also serves as the hub of the local arts and entertainment scene.
Don't miss out on the Frozen treat at Lime Berry Frozen Yogurt in Lacey WA.
Looking for a spot to get your homework done? Starbucks has you covered in the Lacey area.
Kamakura Japanese Cuisine is a favorite in the Lacey area.
Stop by Safeway for all of your grocery needs.
Department stores are close by in downtown Lacey, not far from The Lakes WA.
Safeway is the go to for groceries in The Lakes WA.
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Thurston County Fairgrounds
The neighborhood is also home to the Thurston County Fairgrounds, which host events throughout the warmer months, most notably the Thurston County Fair. The fair has everything from live music to rides to chainsaw sculpture competitions.
Schilters Farm offers a fall festival every October of the year in Lacey WA area.
Enjoy the outdoor area of Shilters Farm Harvest Festival in Lacey WA area.
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Carpenter Road connections
Carpenter Road runs north-south through the neighborhood and serves as The Lakes’ main thoroughfare, connecting it to Martin Way and Pacific Avenue to the north. The nearest access to Interstate 5 is 2 miles north of the neighborhood. The 5 connects the area to Olympia, Joint Base Lewis-McChord and Tacoma. Intercity Transit runs multiple bus routes through the neighborhood, mostly along Carpenter. Seattle-Tacoma International Airport, the nearest major commercial airport, is a little over 45 miles from The Lakes.
Interstate I-5 conveniently located near department store and shopping in Lacey WA.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Are you familiar with the The Lakes neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
The Lakes
US
Homicide
1
4
Sexual Assault
2
4
Assault with Weapon
3
4
Robbery
3
4
Burglary
4
4
Motor Vehicle Theft
4
4
Larceny
4
4
Crime Score
3
4
Source: WhatIsMyCrimeRisk.com
The Lakes Demographics and Home Trends
On average, homes in The Lakes, Lacey sell after 43 days on the market compared to the national average of 56 days. The median sale price for homes in The Lakes, Lacey over the last 12 months is $512,500, up 3% from the median home sale price over the previous 12 months.
Welcome home to this beautifully refreshed 3-bedroom, 1.75 bath home offering comfortable living on a spacious, private cul-de-sac lot in one of Olympia's most established neighborhoods. Thoughtfully updated with fresh interior paint, brand new carpet in some rooms, remodeled bathrooms, new kitchen appliances and countertops, and attractive landscaping, this home is move in ready! Walk into the
Your own PRIVATE OASIS at the end of the cul de sac! Bright & open 3 bed, 2.5 bath two story w/ vaulted ceilings, skylights & tons of natural light. New LVP flooring (2025) & cozy gas fireplace. Kitchen w/ Mexican tile backsplash, newer fridge & stove (2025), dishwasher (2024) & disposal (2023). Meticulously maintained w/ water heater (2024), furnace serviced (2025) & central forced air heat.
Don’t miss this charming 4-bedroom, 1.75-bath Lake Forest home, perfectly blending comfort, warmth, and convenience. The main floor welcomes you with a cozy living room featuring a wood-burning stove—an ideal spot to gather on cool evenings—alongside a spacious kitchen, dining area, three comfortable bedrooms, and a full bath. The primary suite offers its own 3/4 bath and a sliding glass door
Low Maintenance Lakeside Living! Wake up to beautiful lake views in this bright and inviting 3 bedroom condo that offers an abundance of natural light. Enjoy a low maintenance life style without sacrificing comfort or space. The HOA takes care of everything from the studs out including yard work! Take advantage of the community dock and boathouse, perfect for relaxing days by the water and
Welcome to this beautifully updated 2,644 sq. ft. tri-level home offering the perfect blend of architectural character and peaceful Lake Pattison living. Inspired by mid-century modern design, this home features soaring vaulted ceilings with exposed beams, dramatic triangular clerestory windows, and walls of glass that flood the home with natural light. Fresh interior paint and updated butcher
Tucked in a desirable Lacey location, this charming 3 bed, 2.25 bath home offers 1820sq ft of living space and backs up to tranquil open space with easy access to the Woodland Trail. Inside, you will find both living and family rooms on the main floor, plus a versatile loft upstairs perfect for work, play or relaxation. Oversized primary bedroom upstairs features vaulted ceiling and large walk-in
Own a piece of paradise on Beautiful LONG LAKE! Priced under assessed value~ An exceptional value for waterfront living! Whether your new vacation spot, main residence or as an income producing Air BNB, everyone will enjoy life to the fullest on this hard-to-find RECREATIONAL lake that allows motorized crafts. Live life large in this 4,208-sf bright & airy home with SW exposure, a wraparound
This Lacey area home is one that you have got to see! Located down a peaceful dead-end street this property has 2,019 square feet spread between 4 bedrooms and 2.5 bathrooms. On the main floor of the house you will find an open room design with laminated flooring, large family room, beautiful kitchen featuring granite countertops and stainless steel appliances, along with a convenient rear door,
Welcome to this well-maintained 3-bed, 2-bath residence on Holmes Island Road SE in Lacey, offering comfort, space, and an unbeatable location with no HOA. With a bonus room, this house lives like a 4-bed, or use it as an office or hobby room. Just minutes from Long Lake, Hicks Lake, nearby boat launch, and the Thurston County Fairgrounds, this home is ideal for those who love both convenience
New Price!! 3+BR/3.5BA waterfront home with 2 kitchens on Long Lake in Lacey. 105 ft no-wake lakefront with dock and boat lift. Possible multi generational living. Ideal for swimming. Remodeled through 2025 with ADU. Now offered at $1,550,000, reduced from $1,690,000, this Long Lake waterfront home is an exceptional opportunity with 105 feet of bulk-head shoreline, a private dock, boat lift, boat
Welcome home to this lovely rambler in the highly desirable 55+ Vista Village community, where comfort, convenience, and peaceful living come together! Tucked in a beautifully maintained neighborhood known for its mature landscaping, tranquil setting, and frequent visits from local deer, this charming 2-bedroom home offers easy single-level living close to shopping, dining, medical services,
Mid-Century home located moments from Hicks Lake Boat Launch and Wanschers Park. Sitting on 3/4 of an acre with a fully fenced back yard, U shaped driveway with room for all your friends to come hang out, more than enough room to park your boat & RV w 50amp plug in. Light and bright interior with hardwood floors, A/C for these hot summer months, a gas and wood fireplace for upcoming winter
Experience the perfect blend of quality, comfort, and convenience in our selection of brand-new and classic cozy apartments and townhomes for rent. Choose from thoughtfully designed one, two, and three-bedroom floor plans to suit your lifestyle.Our Brand-New Homes feature: ceiling fans for year-round comfort, a fully equipped kitchen with stainless steel appliances, solid surface
Love Where You Live at The Timbers Apartment HomesWelcome to The Timbers where peaceful, park-like surroundings meet everydayconvenience in the heart of Lacey. Surrounded by mature trees and open green space,our community offers a calm retreat just minutes from city essentials.Enjoy the outdoors close to home with Hicks Lake nearby perfect for kayaking, fishing,or relaxing by
Welcome to Sunset Gardens where comfort meets tranquil living. Nestled on a peaceful road, our duplex-style apartment homes redefine the essence of cozy and serene living. Step into a world of contemporary convenience, where each residence boasts updated appliances and flooring, offering you the perfect blend of style and efficiency. Our thoughtfully designed duplex-style homes feature private
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