4650 Meriwood Drive NE, Lacey, WA, 98516
About This Home
Discover this beautifully upgraded Shea home in Jubilee, perfectly situated on a private, park-like oversized lot backing to a serene greenbelt with professionally designed low maintenance landscaping. Inside, hardwood flooring, upgraded crown molding, rich stained millwork, and plantation shutters create timeless elegance throughout. The kitchen features granite countertops, stainless steel appliances, pull-out shelving, and solar tubes that fill the space with natural light. The inviting great room showcases a stunning upgraded fireplace with custom built-ins, while the dining area opens seamlessly through Western multi-slide patio doors to an exceptional enclosed outdoor living space complete with a cozy fireplace, creating the perfect setting for year-round entertaining. The spacious primary suite offers a bay window overlooking the lush landscaping and greenbelt, while the luxurious en-suite bath includes separate double vanities with quartz countertops, tile flooring, a fully tiled glass-enclosed shower, and a custom Elfa closet system. Outside, enjoy a wraparound Trex deck, a cedar pergola-covered seating area, beautiful paver patio, aggregate walkways leading to an additional private sitting area, and a custom storage shed. Every detail has been thoughtfully designed to combine luxury, comfort, and seamless indoor-outdoor living in one exceptional home.
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Very Good
- Year built: 2014
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Cement Planked,Cement Plank
Notable Dates
- Major remodel year: 2014
Other
- Builder name: Shea Homes
Type & Style
- Home type: SingleFamily
- Architectural style: Craftsman,1 Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Tankless Water Heater,Washer,Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Washer(s),Water Heater: Tankless,Water Heater Location: Garage
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Den Office
- Level: Main
Dining Room
- Level: Main
Entry Hall
- Level: Main
Features
- Bath Off Primary,Ceiling Fan(s),Dining Room
- Door features: French Doors
- Window features: Dbl Pane/Storm Window
- Flooring: Ceramic Tile,Hardwood,Slate
- Number of fireplaces: 1
- Fireplace features: Gas,Main Level: 1,Fireplace
- Fireplace: Yes
Great Room
- Level: Main
Heating & Cooling
- Heating features: Fireplace,90%+ High Efficiency,Forced Air,Electric,Natural Gas
- Cooling features: 90%+ High Efficiency
Interior Area
- Total structure area: 1,930
- Total interior livable area: 1,930 sqft
Kitchen Without Eating Space
- Level: Main
Property
Details
- Parcel number: 56670142200
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Pool features: Community
- Patio & porch: Bath Off Primary,Ceiling Fan(s),Dbl Pane/Storm Window,Dining Room,Fireplace,French Doors,Walk-In Closet(s),Water Heater
- Has view: Yes
- View description: See Remarks
- Topography of land: Level
- Residential vegetation: Garden Space,Wooded
Lot
- Lot size: 6,703 sqft
- Features: Curbs,Dead End Street,Paved,Sidewalk,Cable TV,Deck,Fenced-Fully,Gas Available,High Speed Internet,Outdoor Fireplace,Patio,Sprinkler System
Parking
- Total spaces: 4
- Parking features: Driveway,Attached Garage
- Has garage: Yes
- Covered spaces: 2
- Uncovered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Thurston County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,939 | $47,268 |
| Home Insurance * | $181 | $2,172 |
| Property Taxes | $741 | $8,892 |
| Electricity | $149 | $1,793 |
| Total | $5,010 | $60,120 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-13 | Price change | $755,000 |
| 2026-07-12 | Listed for sale | $779,000 |
| 2014-07-02 | Sold | $537,952 |
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