Lakefront living on serene Lake Louise! This rare duplex-style opportunity features two charming homes on one lot with 26 feet of no-bank waterfront—ideal for fishing, kayaking, or summer fun. Live in one and "house hack" the other, rent both, or explore short-term rental potential with proven income history. Flexible options for investors or dream-home builders—build later on this scenic, spring-fed lakefront lot. Peaceful setting just minutes from I-5 & JBLM. Updated utilities, off-street parking, and easy access. A unique lifestyle or income-generating opportunity awaits!
Sold
Listed by: Asay Realty • Trevor Asay
Bought with: Engel & Volkers Chambers Bay
$535,000
10230 to 10232 Melody Lane SW, Lakewood, WA 98498
3beds
936sqft
Single Family Residence
Built in 1940
6,899 Square Feet Lot
$524,800 Zestimate®
$572/sqft
$2,592 Estimated rent
Home value
$524,800
$488,000 - $567,000
$2,592/mo
Zestimate® history
Owner options
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$2,592/mo
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$2,592/mo
Rent Zestimate®
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$3,311/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,311/mo
Est. payment
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List your homeWhat's special
Scenic spring-fed lakefront lotNo-bank waterfront
Zillow last checked:
Listing updated:
Listed by:
Trevor Asay,
Asay Realty,
Sarah Asay,
Asay Realty
Bought with:
Luke Bentson, 111918
Engel & Volkers Chambers Bay
Source: NWMLS as distributed by MLS GRID,MLS#: 2371314
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Main
Other
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Baseboard, Wall Unit(s), Electric
Cooling
- None
Appliances
- Included: Refrigerator(s), See Remarks, Stove(s)/Range(s), Water Heater: Electric
Features
- Flooring: Ceramic Tile, Laminate, Carpet
- Basement: None
- Has fireplace: No
- Fireplace features: Electric
Interior area
- Total structure area: 936
- Total interior livable area: 936 sqft
Property
Parking
- Parking features: Off Street
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Second Kitchen, Water Heater
- Has view: Yes
- View description: Lake, Territorial
- Has water view: Yes
- Water view: Lake
- Waterfront features: Low Bank, Lake, No Bank
- Frontage length: Waterfront Ft: 26
Lot
- Size: 6,899 Square Feet
- Features: Paved, Cable TV, Deck, Fenced-Partially
- Topography: Level,Sloped
Details
- Parcel number: 0219043057
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Composition,Flat
Condition
- Year built: 1940
- Major remodel year: 1996
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Pierce County Sewer
- Water: Public, Company: Lakewood Water
Community & HOA
Community
- Subdivision: Lake Louise
Location
- Region: Lakewood
Financial & listing details
- Price per square foot: $572/sqft
- Tax assessed value: $449,300
- Annual tax amount: $4,979
- Date on market: 7/14/2025
- Cumulative days on market: 373 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Refrigerator(s), See Remarks, Stove(s)/Range(s)
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2025 | Sold | $535,000-2.7%$572/sqft |
Source:  NWMLS as distributed by MLS GRID #2371314 Report a problem | ||
| 5/15/2025 | Pending sale | $550,000$588/sqft |
Source: NWMLS as distributed by MLS GRID #2371314 Report a problem | ||
| 5/8/2025 | Listed for sale | $550,000+53.2%$588/sqft |
Source: NWMLS as distributed by MLS GRID #2371314 Report a problem | ||
| 3/13/2019 | Sold | $359,000$384/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,979 +16.4% | $449,300 +18.7% |
| 2023 | $4,278 +6.6% | $378,600 +2.5% |
| 2022 | $4,012 -1.2% | $369,500 +11.4% |
| 2021 | $4,061 +31.5% | $331,800 +27% |
| 2019 | $3,088 -6.4% | $261,300 +7.2% |
| 2018 | $3,301 +8.5% | $243,700 +13.3% |
| 2017 | $3,042 +27.5% | $215,100 +33.4% |
| 2016 | $2,386 | $161,200 +13.8% |
| 2014 | $2,386 -4.5% | $141,700 +11.6% |
| 2013 | $2,499 | $127,000 -15.7% |
| 2012 | -- | $150,600 -13.9% |
| 2011 | -- | $174,900 -4.4% |
| 2010 | -- | $182,900 |
Find assessor info on the county website
Neighborhood: Lake Louise
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Nearby schools
GreatSchools rating
- 6/10Lake Louise Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Woodbrook Middle SchoolGrades: 6-8Distance: 0.7 mi
- 6/10Lakes High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$524,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$524,800
- Washington
- Pierce County
- Lakewood
- 98498
- Lake Louise
- 10230 to 10232 Melody Lane SW
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