$3,400,000
 $18,252 est/mo Sourced by Back At You

1000 Creso Road,Spanaway, WA 98387

Spanaway, WA 98387

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Description

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.

Details

MLS #2553466
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2001
Days On Site70
Listing Provided ByCOMPASS | Greg Garner

Features

SQ Feet4,233
Garage4
Car PortYes
Story(s)2
Units5
ZoningResidential
Acreage9.31
Water FrontYes
Property ViewYes

Taxes

Property32136

Area Information

StateWA
CountyPierce
CitySpanaway
Zip Code98387
Area99 Spanaway
Community NameSpanaway Lake
School DistrictSpanaway Lake High
Elementary SchoolSpanaway Elem
High SchoolSpanaway Lake High
Listing VS Median (in Spanaway Lake)
Price:
$3,400,000
low | high
Med:
$651,725
100% of Average
sqft:
4,233
low | high
Med:
2,683
86.617056461139% of Average
$ / sqft:
$803
low | high
Med:
$243
100% of Average
On site:
70
low | high
Med:
162
43.20987654321% of Average
Sourced by Back At You

Market Activity 98387

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Learn More About This Property

StateWA
CountyPierce
CitySpanaway
Zip Code98387
Area99 Spanaway
Community NameSpanaway Lake
School DistrictSpanaway Lake High
Elementary SchoolSpanaway Elem
High SchoolSpanaway Lake High
Listing VS Median (in Spanaway Lake)
Price:
$3,400,000
low | high
Med:
$651,725
100% of Average
sqft:
4,233
low | high
Med:
2,683
86.617056461139% of Average
$ / sqft:
$803
low | high
Med:
$243
100% of Average
On site:
70
low | high
Med:
162
43.20987654321% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.55M - $4.25M
sqft: 3,000 - 5,000
Nearby Listings Property ImageNearby Listings Details
1000 Creso Road Property Photo 1
$3,400,000
1000 Creso Road
Spanaway, WA 98387
Listing Updated: August 18, 2026 at 10:29:04 AM PDT