$999,990
 $5,368 est/mo Sourced by Back At You

823 173rd Street,Spanaway, WA 98387

Spanaway, WA 98387

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Description

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.

Details

MLS #2581659
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1970
Days On Site8
Listing Provided ByCOMPASS | Josiah Willis

Features

Bed(s)3
Bath(s) 3 Total
SQ Feet1,898
Garage2
Story(s)1
ZoningUCOR
Acreage0.87
Water FrontYes
Property ViewYes

Taxes

Property10107

Area Information

StateWA
CountyPierce
CitySpanaway
Zip Code98387
Area99 Spanaway
Community NameLake Park
School DistrictBuyer To Verify
Elementary SchoolBuyer To Verify
High SchoolBuyer To Verify
Listing VS Median (in Lake Park)
Price:
$999,990
low | high
Med:
$482,450
100% of Average
sqft:
1,898
low | high
Med:
1,766
56.981032665964% of Average
$ / sqft:
$527
low | high
Med:
$289
95.200215195965% of Average
On site:
8
low | high
Med:
20
40% 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 NameLake Park
School DistrictBuyer To Verify
Elementary SchoolBuyer To Verify
High SchoolBuyer To Verify
Listing VS Median (in Lake Park)
Price:
$999,990
low | high
Med:
$482,450
100% of Average
sqft:
1,898
low | high
Med:
1,766
56.981032665964% of Average
$ / sqft:
$527
low | high
Med:
$289
95.200215195965% of Average
On site:
8
low | high
Med:
20
40% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $749K - $1.249M
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
823 173rd Street Property Photo 1
$1,149,000
823 173rd Street
Spanaway, WA 98387
823 173rd Street Property Photo 1
$1,075,000
823 173rd Street
Spanaway, WA 98387
Listing Updated: September 14, 2026 at 8:15:35 AM PDT