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$1,149,000
3 Beds ⋅ 3 Baths ⋅ 2567698 MLS ⋅ ACTIVE Status
A rare opportunity on Spanaway Lake—where lifestyle, legacy and development potential converge. Set on an oversized ~0.87-acre waterfront parcel with nearly 100 feet of lake frontage, this property offers a level of scale and flexibility seldom found along the lake. Nearly double the size of nearby parcels, this exquisite parcel boasts an existing single-family home that sits near the OHWM and captures sweeping 180° lake views from inside, creating an immediate emotional connection to the water, while a separate 1-bedroom, 1-bath DADU adds guest, rental or multigenerational flexibility. For recreation buyers, this is a chance to own a substantial private lake property with room to create a true waterfront retreat. For investors and developers, the upside may be equally compelling: Urban Corridor (UCOR) zoning, significant parcel depth, and preliminary County discussions indicating potential paths for attached housing, townhomes or multifamily redevelopment, subject to shoreline, critical-area, sewer and land-use approvals (Buyer to Verify). County staff has also identified a gravity sewer connection up the street, providing a possible infrastructure path for future intensification. Large waterfront parcels with this combination of views, frontage, existing improvements, income potential and redevelopment optionality are increasingly difficult to find. Preserve it, enhance it, or explore what comes next—this is a property with the ingredients to become something exceptional.

823 173rd Street S, Spanaway

Listing courtesy of COMPASS.

$1,399,000
4 Beds ⋅ 3 Baths ⋅ 2562854 MLS ⋅ ACTIVE Status
Experience lakefront living w/107± feet of low-bank waterfront SPANNING 2 PARCELS, w/breathtaking Mt. Rainier views & rare opportunity to create a legacy property. With a BUILDABLE LOT, allowing you to live comfortably in the existing home while designing & building your dream waterfront residence. Whether you envision a custom estate, multigenerational living, future investment potential, this unique offering provides unmatched flexibility. Designed for everyday comfort & effortless entertaining, this home showcases stunning lake views from the updated kitchen, main-floor primary suite, daylight basement, & expansive Ironwood deck. The remodeled kitchen & main-flr baths feature timeless finishes, The daylight basement offers a spacious great rm, wet bar, & direct access to the backyard, propane fireplaces on both levels create yr-round warmth. A new furnace & heat pump provide efficient, modern comfort. Outside, embrace the waterfront lifestyle w/evenings at the fire pit, boating from the Trex-deck dock w/a solar-powered boat lift, & endless days on the lake. Updates include a contemporary garage door, durable 50-year rf. The arbor draped in grapevines, along w/mature apple & pear trees, adds to the property's charm. The expansive grounds provide abundant space for recreation, guest parking, RVs, boats, & all your toys. Rare opportunity to own an extraordinary waterfront retreat w/spectacular views, tranquility, recreation, & exceptional future potential come together.

16925 Spanaway Loop Road S, Spanaway

Listing courtesy of Terrafin.

$3,400,000
2553466 MLS ⋅ ACTIVE Status
This stunning lakefront property is unlike anything you’ve ever seen! Sited on 700 feet of waterfront and 9.31 acres, this special property is the perfect combination of lakefront luxury and income generating rentals. The hallmark of the property is the lakefront lodge. At more than 4,200 square feet, clad in stone, stucco, slate, and copper, this beautiful home features a main level primary suite, an expansive kitchen, a two-story great room, and an attached ADU/MIL above the three-car garage. Open the three sets of French doors in the great room for a seamless indoor-outdoor flow onto the covered outdoor patio. Enjoy beautiful lake views from nearly every room, especially the elevated ADU which offers two private external entrances and interior access from the main residence. The South-facing shoreline features a picturesque Mount Rainier view. The dock easily accommodates a float plane or large vessel, with an extra motorized float perfect for cruising the lake with friends. Now, the rentals. This single-parcel property includes 7 rental units: two 1-bed duplexes, a 2-bed duplex, and an additional single-family home. These additional residences have all received consistent updates throughout the years and benefits from long-term tenants who would love to stay. Photos of the SFR and one of the duplex units are included in this listing. Gross annual income exceeds $100,000 per year and a rent roll is available upon request. This one-of-a-kind property is as rare as it comes.

1000 Creso Road S, Spanaway

Listing courtesy of COMPASS.

$1,399,999
4 Beds ⋅ 3 Baths ⋅ 2533985 MLS ⋅ ACTIVE Status
Welcome to one of Spanaway Lake's most private and beautifully updated waterfront retreats. Perfectly positioned to capture panoramic lake views, peaceful greenbelt scenery, and unmatched privacy with no homes directly across the water, this exceptional custom home sits on a private island and offers the ultimate lakefront lifestyle. Extensively remodeled and upgraded, the home features a stunning chef's kitchen with custom KraftMaid cabinetry, GE Café appliances, Cambria quartz countertops, and a dramatic waterfall island. Recent improvements include a complete re-pipe, new HVAC systems, updated electrical, new water heaters, foundation stabilization, new flooring, updated bathrooms, and more. Step outside to 2,000 square feet of newly rebuilt decks, a new dock with boat lift, hot tub, dry sauna, sunsetter awnings, and multiple outdoor entertaining spaces designed to maximize waterfront living. The daylight basement offers flexible living space with a second kitchen, guest accommodations, and recreation areas. Included with the sale are the ski boat, hot tub, sauna, patio furniture, pool table, washer, dryer, and major appliances. A rare opportunity to own a truly turnkey waterfront retreat where the upgrades are complete and the lifestyle begins on day one.

1024 Mountain View Boulevard S, Spanaway

Listing courtesy of Keller Williams Realty.

$3,400,000
4 Beds ⋅ 4 Baths ⋅ 2525804 MLS ⋅ ACTIVE Status
This stunning lakefront property is unlike anything you’ve ever seen! Sited on 700 feet of waterfront and 9.31 acres, this special property is the perfect combination of lakefront luxury and income generating rentals. The hallmark of the property is the lakefront lodge. At more than 4,200 square feet, clad in stone, stucco, slate, and copper, this beautiful home features a main level primary suite, an expansive kitchen, a two-story great room, and an attached ADU/MIL above the three-car garage. Open the three sets of French doors in the great room for a seamless indoor-outdoor flow onto the covered outdoor patio. Enjoy beautiful lake views from nearly every room, especially the elevated ADU which offers two private external entrances and interior access from the main residence. The South-facing shoreline features a picturesque Mount Rainier view. The dock easily accommodates a float plane or large vessel, with an extra motorized float perfect for cruising the lake with friends. Now, the rentals. This single-parcel property includes 7 rental units: two 1-bed duplexes, a 2-bed duplex, and an additional single-family home. These additional residences have all received consistent updates throughout the years and benefits from long-term tenants who would love to stay. Photos of the SFR and one of the duplex units are included in this listing. Gross annual income exceeds $100,000 per year and a rent roll is available upon request. This one-of-a-kind property is as rare as it comes.

1000 Creso Road S, Spanaway

Listing courtesy of COMPASS.

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