$600,000
 $3,221 est/mo Sourced by Back At You

11623 Madera Gardens Drive,Lakewood, WA 98499

Lakewood, WA 98499

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Description

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.

Details

MLS #2532737
Listing TypeFor Sale
HOA Dues$700
Sub-TypeResale
StatusActive
Days On Site95
Listing Provided ByCOMPASS | Chris Murphy

Features

ZoningR2
Acreage0.43
Water FrontYes
Property ViewYes

Taxes

Property5539

Area Information

StateWA
CountyPierce
CityLakewood
Zip Code98499
Area39 Lakewood
Community NameGravelly Lake
Listing VS Median (in Gravelly Lake)
Price:
$600,000
low | high
Med:
$917,475
2.9125% of Average
On site:
95
low | high
Med:
70.5
100% of Average
Sourced by Back At You

Market Activity 98499

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Learn More About This Property

StateWA
CountyPierce
CityLakewood
Zip Code98499
Area39 Lakewood
Community NameGravelly Lake
Listing VS Median (in Gravelly Lake)
Price:
$600,000
low | high
Med:
$917,475
2.9125% of Average
On site:
95
low | high
Med:
70.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $450K - $750K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
11724 Madera Drive Property Photo 1
$999,000
11724 Madera Drive
Lakewood, WA 98499
Listing Updated: August 5, 2026 at 10:50:46 AM PDT