Listed by Greg Garner, COMPASS
- 4
- Bedrooms
- 4
- Bathrooms
- 4,233
- Square feet
- $803
- Per sq ft
- Single Family Residence
- Type
- 2001
- Year built
- 405,544 sq ft
- Lot
- 55
- Days on market
About this property
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.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2525804
- Listed
- May 19, 2026
- Days on market
- 55
- Price per sq ft
- $803
Unit & building
- Unit levels
- Two
Parking
- Parking
- Attached GarageRV Parking
- Covered spaces
- 3
- Total spaces
- 8
Views
- View
- LakeMountains
Construction
- Year built
- 2001
- Style
- 12 - 2 Story
- Structure
- House
- Roof
- Tile
Heating & cooling
- Heating
- Forced AirHeat PumpHigh Efficiency (Unspecified)
- Cooling
- Heat Pump
- Energy source
- ElectricWood
Interior features
- Features
- Second KitchenBath Off PrimaryDbl Pane/Storm WindowFireplaceFrench DoorsJetted TubVaulted Ceiling(s)Walk-In Closet(s)Water Heater
- Fireplaces
- 1
- Fireplace type
- Wood Burning
Flooring
- Flooring
- HardwoodSlateVinylVinyl PlankCarpet
Appliances
- Appliances
- DishwasherDryerMicrowaveRefrigeratorStove(s)/Range(s)Washer
Lot
- Lot features
- Cul-De-SacPavedSecluded
- Lot size
- 405,544 sq ft
- Waterfront
- Yes
Terms
- Terms offered
- CashConventional
Utilities
- Water
- Spanaway Water
- Sewer
- Septic
- Power
- Elmhurst
Schools
- District
- Bethel
- Elementary
- Spanaway Elem
- Middle
- Spanaway Jnr High
- High
- Spanaway Lake High
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Two
- Attached Garage
- RV Parking
- Lake
- Mountains
- House
- Tile
- Forced Air
- Heat Pump
- High Efficiency (Unspecified)
- Electric
- Wood
Listing history
Listed
$3,400,000
May 19, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$19,799
- Principal & interest
- $17,192
- Property tax (est.)
- $2,607
Assumes $680,000 down (20%), a $2,720,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
Similar nearby listings
Based on information submitted to the MLS GRID as of July 14, 2026 at 12:00 AM PDT. 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.


