Stunning Lake Tapps waterfront home offering approximately 3,144 square feet with breathtaking views of Mt. Rainier. This thoughtfully designed residence features 5 bedrooms, including a main-floor primary suite and a secondary bedroom or office. The primary suite opens directly to an expansive newly resurfaced 700-square-foot deck, creating the perfect place to relax while enjoying sweeping lake and mountain views. Inside, the home showcases extensive hardwood flooring, dramatic 18-foot tongue-and-groove cedar ceilings, wood-wrapped tinted windows, and plantation shutters that add warmth and character throughout. The kitchen features slab granite countertops, custom cabinetry, and stainless steel appliances, flowing seamlessly into the main living areas designed for both everyday living and entertaining. A spacious loft with panoramic lake and mountain views offers flexible living space. Additional highlights include a newer roof, central vacuum system, security system, and abundant storage. The detached 2+ car garage/shop includes additional storage above, providing excellent space for hobbies, equipment, or lake toys. Also, the home offers a 10KW Generac generator. Outdoor living is exceptional with a large entertaining deck, hot tub, fire pit, RV carport, boat parking, and a high-end U-shaped dock—creating the ultimate Lake Tapps waterfront lifestyle.
Sold
Listed by: eXp Realty • Kimberly Fraser
Bought with: Redfin
$1,350,000
5322 S Island Drive E, Bonney Lake, WA 98391
5beds
3,144sqft
Single Family Residence
Built in 1990
10,306 Square Feet Lot
$135,400 Zestimate®
$429/sqft
$3,892 Estimated rent
Home value
$135,400
$127,000 - $144,000
$3,892/mo
Zestimate® history
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List your homeWhat's special
Boat parkingRv carportWood-wrapped tinted windowsMain-floor primary suiteExtensive hardwood flooringHigh-end u-shaped dockLarge entertaining deck
Zillow last checked:
Listing updated:
Listed by:
Kimberly Fraser,
eXp Realty
Bought with:
Scott Petrich, 122645
Redfin
Source: NWMLS as distributed by MLS GRID,MLS#: 2488254
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Lower
Bedroom
- Level: Main
Bathroom full
- Level: Lower
Bathroom full
- Level: Main
Other
- Level: Main
Bonus room
- Level: Second
Dining room
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Rec room
- Level: Lower
Utility room
- Level: Main
Heating
- Fireplace, Forced Air, Natural Gas
Cooling
- Forced Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Refrigerator, Stove(s)/Range(s), Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s)
Features
- Bath Off Primary, Central Vacuum, Ceiling Fan(s), Dining Room, Loft
- Flooring: Hardwood, Carpet
- Doors: French Doors
- Windows: Dbl Pane/Storm Window, Skylight(s)
- Basement: Daylight,Finished
- Number of fireplaces: 1
- Fireplace features: Main Level: 1, Fireplace
Interior area
- Total structure area: 3,144
- Total interior livable area: 3,144 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached Carport, Detached Garage, RV Parking
- Has garage: Yes
- Has carport: Yes
- Covered spaces: 4
Features
- Levels: One
- Stories: 1
- Patio & porch: Bath Off Primary, Built-In Vacuum, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Loft, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Wired for Generator
- Has spa: Yes
- Has view: Yes
- View description: Lake, Mountain(s)
- Has water view: Yes
- Water view: Lake
- Waterfront features: Bulkhead, Lake
- Frontage length: Waterfront Ft: 65
Lot
- Size: 10,306 Square Feet
- Features: Paved, Cable TV, Deck, Dock, Fenced-Fully, Gas Available, Hot Tub/Spa, Moorage, Patio, RV Parking, Shop, Sprinkler System
- Topography: Partial Slope
Details
- Parcel number: 4720001260
- Special conditions: Standard
- Other equipment: Wired for Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 1 Story w/Bsmnt.
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1990
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: Sewer
- Water: Public, Company: City of Bonney Lake
- Utilities for property: Comcast, Comcast
Community & HOA
Community
- Features: Boat Launch, Park
- Subdivision: Inlet Island
HOA
- HOA fee: $250 annually
Location
- Region: Bonney Lake
Financial & listing details
- Price per square foot: $429/sqft
- Tax assessed value: $1,236,400
- Annual tax amount: $14,193
- Date on market: 5/7/2026
- Cumulative days on market: 76 days
- Listing terms: Conventional,FHA,USDA Loan,VA Loan
- Inclusions: Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s)
Price history
| Date | Event | Price |
|---|---|---|
| 4/20/2026 | Sold | $1,350,000-4.7%$429/sqft |
Source:  NWMLS as distributed by MLS GRID #2488254 Report a problem | ||
| 3/19/2026 | Pending sale | $1,417,000$451/sqft |
Source: eXp Realty #2488254 Report a problem | ||
| 3/5/2026 | Listed for sale | $1,417,000+94.1%$451/sqft |
Source: NWMLS as distributed by MLS GRID #2488254 Report a problem | ||
| 3/31/2016 | Sold | $730,000+43.2%$232/sqft |
Source: NWMLS as distributed by MLS GRID #910861 Report a problem | ||
| 5/30/2012 | Sold | $509,950$162/sqft |
Source: NWMLS as distributed by MLS GRID #344813 Report a problem | ||
| 4/22/2012 | Pending sale | $509,950$162/sqft |
Source: John L Scott Real Estate #344813 Report a problem | ||
| 4/18/2012 | Listed for sale | $509,950-34.6%$162/sqft |
Source: John L Scott Real Estate #344813 Report a problem | ||
| 7/21/2008 | Listing removed | $779,950$248/sqft |
Source: NCI #Degrande Report a problem | ||
| 5/9/2008 | Listed for sale | $779,950+11.4%$248/sqft |
Source: TourFactory #28054757 Report a problem | ||
| 10/19/2005 | Sold | $699,950+127%$223/sqft |
Source: Public Record Report a problem | ||
| 9/8/1995 | Sold | $308,300$98/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,193 -4.9% | $1,236,400 -6.3% |
| 2024 | $14,918 +11.1% | $1,320,200 -0.1% |
| 2023 | $13,422 +13.7% | $1,321,700 +9.9% |
| 2022 | $11,809 +7.5% | $1,202,900 +27.7% |
| 2021 | $10,987 +40.2% | $942,000 +32.5% |
| 2019 | $7,835 -8.6% | $710,800 +11.7% |
| 2018 | $8,576 +19.3% | $636,300 +3.9% |
| 2017 | $7,190 +7.7% | $612,600 +30.6% |
| 2016 | $6,675 | $469,200 -0.6% |
| 2014 | $6,675 +25.5% | $472,100 +12.2% |
| 2013 | $5,319 | $420,900 +21.3% |
| 2012 | -- | $347,000 -18.5% |
| 2011 | -- | $425,700 -4.4% |
| 2010 | -- | $445,100 -13.7% |
| 2009 | -- | $515,700 -14.5% |
| 2008 | $6,932 +0% | $603,500 -6.6% |
| 2007 | $6,932 +51.4% | $646,100 +120.8% |
| 2002 | $4,578 -7% | $292,600 |
| 2001 | $4,923 | $292,600 -2.7% |
| 2000 | $4,923 | $300,600 |
Find assessor info on the county website
Neighborhood: 98391
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Nearby schools
GreatSchools rating
- 8/10Emerald Hills Elementary SchoolGrades: K-5Distance: 0.8 mi
- 9/10Lakeridge Middle SchoolGrades: 6-8Distance: 1.8 mi
- 9/10Bonney Lake High SchoolGrades: 9-12Distance: 3 mi
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Estimated market value
$135,400
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Estimated market value
$135,400
- Washington
- Pierce County
- Bonney Lake
- 98391
- 5322 S Island Drive E
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