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JRJeff ReynoldsCompass · Seattle

Listed by Chris Murphy, COMPASS

Land
Type
18,916 sq ft
Lot
39
Days on market

About this property

A rare opportunity – the last of a few undeveloped waterfront properties on Gravelly Lake. Even rarer still, a south-facing waterfront custom homesite in the coveted Madera Gardens gated neighborhood. Picture your dream home, sitting proudly at elevation looking out over the pristine waters of Gravelly Lake. Offering 103’ of low-bank lakefront and a generous 18,916 square foot lot, create terraced gardens from the elevated home site meandering down to the shoreline. Create a stunning outdoor entertainment area with nearly all-day sun thanks to the southerly perspective. Gravelly Lake is the ideal private water enthusiast’s paradise with limited boat traffic with lake access limited to residents. Enjoy sailing, fishing, kayaking, and watersports. Start your day by waking to the natural, soothing movements of the water & behold an osprey catching a fish. Unwind at the end of the day, admiring the sunset. Tacoma Country & Golf Club is just around the corner for social and golf membership. Enjoy the private formal gardens of the early 1900's Gravelly Lake Estate of Madera.

Location & commute

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Directions

Property details

Listing details

Listing number
#2532737
Listed
June 4, 2026
Days on market
39

Homeowners association

HOA dues
$700 quarterly
Dues include
Common Area MaintenanceRoad Maintenance

Views

View
LakeSee RemarksTerritorial

Construction

Style
40 - Res-Less thn 1 Ac
Structure
None

Community & building features

Features
CCRsGated

Lot

Lot features
Cul-De-SacPaved
Lot size
18,916 sq ft
Waterfront
Yes

Terms

Terms offered
Cash

Utilities

Utilities
Electricity AvailableNatural Gas Available
Water
Available
Sewer
Available

Schools

District
Lakewood

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Common Area Maintenance
  • Road Maintenance
  • Lake
  • See Remarks
  • Territorial
  • None
  • CCRs
  • Gated
  • Cul-De-Sac
  • Paved
  • Cash
  • Electricity Available

Listing history

  1. Listed

    $625,000

    June 4, 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

$3,872

Principal & interest
$3,160
Property tax (est.)
$479
HOA dues
$233

Assumes $125,000 down (20%), a $500,000 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 13, 2026 at 11:15 PM 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.