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.
Active
Listed by: COMPASS • Christopher P Murphy
Price cut: $25K (8/5)
$600,000
11623 Madera Gardens Drive SW, Lakewood, WA 98499
--beds
--baths
0.43Acres
Unimproved Land
Built in ----
0.43 Acres Lot
$-- Zestimate®
$--/sqft
$233/mo HOA
What's special
South-facing waterfront custom homesite
- 66 days |
- 426 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Christopher P Murphy,
COMPASS,
Connie Z Qian,
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2532737
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Lake, See Remarks, Territorial
- Has water view: Yes
- Water view: Lake
- Waterfront features: Medium Bank, Lake
- Frontage length: Waterfront Ft: 103
Lot
- Size: 0.43 Acres
- Features: Cul-De-Sac, Paved, Brush, Partially Cleared
- Topography: Level,Rolling,Sloped
Details
- Parcel number: 5403500020
- Zoning: R2
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: Available
- Gas: Available
- Sewer: Available
- Water: Available, Jurisdiction: Lakewood
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Features: CCRs, Gated
- Subdivision: Gravelly Lake
HOA
- Services included: Common Area Maintenance, Road Maintenance
- HOA fee: $700 quarterly
Location
- Region: Lakewood
Financial & listing details
- Tax assessed value: $524,700
- Annual tax amount: $5,539
- Date on market: 6/3/2026
- Cumulative days on market: 69 days
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,719/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Price change | $600,000-4% |
Source:  NWMLS as distributed by MLS GRID #2532737 Report a problem | ||
| 6/5/2026 | Listed for sale | $625,000+7.9% |
Source: NWMLS as distributed by MLS GRID #2532737 Report a problem | ||
| 12/10/2024 | Sold | $579,000 |
Source: NWMLS as distributed by MLS GRID #2305787 Report a problem | ||
| 11/20/2024 | Pending sale | $579,000 |
Source: NWMLS as distributed by MLS GRID #2305787 Report a problem | ||
| 10/28/2024 | Listed for sale | $579,000+151.7% |
Source: NWMLS as distributed by MLS GRID #2305787 Report a problem | ||
| 8/31/2015 | Sold | $230,000-16.4% |
Source: NWMLS as distributed by MLS GRID #753066 Report a problem | ||
| 8/4/2015 | Pending sale | $275,000 |
Source: Windermere Builder's Choice #753066 Report a problem | ||
| 3/10/2015 | Listed for sale | $275,000-8.3% |
Source: Windermere Builder's Choice #753066 Report a problem | ||
| 9/21/2014 | Listing removed | $299,950 |
Source: Coldwell Banker Bain #406868 Report a problem | ||
| 4/8/2014 | Price change | $299,950-20% |
Source: Coldwell Banker Bain #406868 Report a problem | ||
| 3/1/2012 | Price change | $374,950-5.1% |
Source: Coldwell Banker Bain Associates #279820 Report a problem | ||
| 9/30/2011 | Listed for sale | $395,000-1.3% |
Source: Coldwell Banker Bain Associates #279820 Report a problem | ||
| 6/30/2006 | Sold | $400,000-10.9% |
Source: Public Record Report a problem | ||
| 12/1/2005 | Sold | $449,000 |
Source: NWMLS as distributed by MLS GRID #23093343 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,056 +7.7% | $524,700 +24.5% |
| 2023 | $4,696 -4% | $421,600 -8.2% |
| 2022 | $4,889 +4.1% | $459,500 +17.8% |
| 2021 | $4,698 +42.1% | $390,000 +34.1% |
| 2019 | $3,305 -22.3% | $290,900 +10.7% |
| 2018 | $4,255 +21.1% | $262,900 -4.4% |
| 2017 | $3,513 -10% | $275,000 +15.8% |
| 2016 | $3,903 | $237,400 |
| 2014 | $3,903 +17.1% | $237,400 |
| 2013 | $3,333 | $237,400 +17.1% |
| 2012 | -- | $202,700 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Idlewild
Nearby schools
GreatSchools rating
- 3/10Idlewild Elementary SchoolGrades: PK-5Distance: 1 mi
- 6/10Harrison Preparatory SchoolGrades: 6-12Distance: 1.9 mi
- 4/10Clover Park High SchoolGrades: 9-12Distance: 0.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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