LAKE LIFE, REIMAGINED. A rare opportunity to own more than an acre of waterfront on Gravelly Lake, one of Lakewood's most coveted addresses. Offering 45 feet of private frontage, this legacy property is the kind of opportunity that rarely becomes available. Known for its calm waters, exceptional privacy, and remarkably peaceful setting, Gravelly Lake is widely regarded as one of the area's most desirable lakes. The property slopes gently from street to shoreline, creating an exceptional setting for a custom waterfront estate. Positioned along the lake's southeast shoreline, the homesite enjoys beautiful afternoon sun, water views, and spectacular sunsets that become part of everyday life. This is one of the final opportunities to build new on Gravelly Lake, where vacant waterfront parcels are exceptionally rare. Just around the corner, Tacoma Country & Golf Club offers optional golf and social memberships, adding another layer to an already extraordinary lifestyle. Bring your architect, bring your vision, and create something truly timeless. Buyer to verify all zoning, building, and development requirements with the City of Lakewood.
Active
Listed by: Morrison House Sotheby's Intl • Chelsea Kelley
$899,000
12795 Gravelly Lake Drive SW, Lakewood, WA 98499
--beds
--baths
1.09Acres
Unimproved Land
Built in ----
1.09 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 34 days
- 132
- 5
Zillow last checked:
Listing updated:
Listed by:
Chelsea Kelley,
Morrison House Sotheby's Intl
Source: NWMLS as distributed by MLS GRID,MLS#: 2538170
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Low Bank, Lake
- Frontage length: Waterfront Ft: 45
Lot
- Size: 1.09 Acres
- Features: Curbs, Paved, Sidewalk, Brush, Corners Flagged, Dune Grasses, Lightly Treed, Partially Cleared
- Topography: Level,Sloped
Details
- Parcel number: 5315000071
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: Available
- Gas: Available
- Sewer: Available
- Water: Available, In Street
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Subdivision: Gravelly Lake
Location
- Region: Lakewood
Financial & listing details
- Tax assessed value: $731,900
- Annual tax amount: $6,404
- Date on market: 7/29/2026
- Cumulative days on market: 36 days
- Listing terms: Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$4,035/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Listed for sale | $899,000+3.9% |
Source: | ||
| 7/12/2024 | Sold | $865,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,006 +9.4% | $731,900 +6.7% |
| 2024 | $6,404 -17.4% | $686,200 -5.4% |
| 2023 | $7,757 -4.1% | $725,300 -8.3% |
| 2022 | $8,091 +4.2% | $790,600 +17.8% |
| 2021 | $7,764 | $670,900 |
Find assessor info on the county website







