Sold

Listed by: Keller Williams Realty PS • Chris Ranch

Bought with: Timber Real Estate

$2,100,000

14312 Thorne Lane SW #15, Lakewood, WA 98498

1beds

1baths

7,716sqft

Multi Family

Built in 1999

-- sqft lot

$2,095,100 Zestimate^®

$272/sqft

$1,749 Estimated rent

Home value

$2,095,100

$1.97M - $2.22M

$1,749/mo

Zestimate^® history

Owner options

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$1,749/mo

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$1,749/mo

Rent Zestimate^®

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$12,742/mo

Est. payment

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$12,742/mo

Est. payment

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What's special

Surplus parkingEnormous dockDirect lake accessPrivate waterfront home

Opportunities like this are rare. Welcome to American Lake, where legacy meets potential. This 9-unit waterfront multifamily property is ready for its next chapter. Featuring four 1-bedroom standalone cottages, a fourplex offering 2-bedroom units, and a private waterfront home, this one-of-a-kind offering combines character, flexibility, and income potential. Current rents are below market, providing strong upside for investors. Enjoy direct lake access with on-site watersport storage, an enormous dock, and surplus parking. Whether you choose to hold long-term, convert to luxury short-term rentals, or owner-occupy and build community, this property delivers. Western exposure ensures unforgettable sunsets over the water. Greet location!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1

Heating

Forced Air, Electric, Natural Gas

Cooling

None

Features

Flooring: Laminate, Vinyl Plank
Has fireplace: No

Interior area

Total structure area: 7,716
Total interior livable area: 7,716 sqft

Property

Parking

Total spaces: 12
Uncovered spaces: 12

Features

Has view: Yes
View description: Lake
Has water view: Yes
Water view: Lake
Waterfront features: Lake

Lot

Size: 0.41 Acres
Features: Adjacent to Public Land, Corner Lot, Boat House, Dock, Fenced-Partially, Gas Available, Outbuildings, Patio

Details

Parcel number: 0219164022
Zoning description: Multi-Family
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 5-9 Units
Property subtype: Multi Family

Materials

Wood Siding, Wood Products
Foundation: Poured Concrete
Roof: Composition

Condition

Year built: 1999

Utilities & green energy

Sewer: Septic Tank
Water: Individual Well

Community & HOA

Community

Subdivision: American Lake

Location

Region: Lakewood

Financial & listing details

Price per square foot: $272/sqft
Annual tax amount: $21,758
Date on market: 11/26/2025
Cumulative days on market: 238 days
Listing terms: Conventional

Price history

Date	Event	Price
5/12/2026	Sold	$2,100,000-22.9%$272/sqft
Source: NWMLS as distributed by MLS GRID #2498457 Report a problem
3/27/2026	Pending sale	$2,725,000$353/sqft
Source: NWMLS as distributed by MLS GRID #2498457 Report a problem
3/27/2026	Listed for sale	$2,725,000$353/sqft
Source: NWMLS as distributed by MLS GRID #2498457 Report a problem