11623 Madera Gardens Drive SW Lakewood, WA $ 625,000
11623 Madera Gardens Drive SW
$ 625,000
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11623 Madera Gardens Drive SW

Lakewood, WA, 98499
$ 625,000
Baths0.0

Monthly Estimate*

$ 3,848

Listed by COMPASS
11623 Madera Gardens Drive SW, Lakewood, WA 98499 - Image 1
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Studio

Lots and Land for sale in Lakewood, WA

for $625,000. The lot size is 0.4343.

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.

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Lots and Land Active

Price

$ 625,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 5,539

Style

Res-Less thn 1 Ac

Lot Size

0.4343

Town/City

Lakewood

County/Region

Pierce

MLS | Web ID

2532737

Features
General
Living Area 0
Sewer Available
Utilities Electricity Available Natural Gas Available
Possession Closing Negotiable
HOA Fee 700
Association Fee Includes Common Area Maintenance Road Maintenance
Security Features Security Gate
View Lake See Remarks Territorial
Topography Level Rolling Sloped
Property Subtype Land
Tax Year 2026
Waterfront Features Medium Bank Lake
Community Features CCRs Gated
Assoc Fee Paid Per Quarterly
County Pierce
Property Type Land
HOA Y
Subdivision Name Gravelly Lake
Possible Use Residential
Special Listing Conditions None
Status Active
Directions Take I-5 S exit 124 to Gravelly Lake Dr SW 1st exit onto Nyanza Rd SW at the traffic circle left onto Villa Madera DrSW left onto Madera Gardens Dr SW site on the right
City Lakewood
Senior Community Y/N N
High School District Lakewood
Zoning Description Residential
MLS Area 39 - Lakewood
Lot Size Units Square Feet
Lot Size Square Feet 18916
Carport Y/N N
Listing Terms Cash
Tax Annual Amount 5539
Public Remarks 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.
Structure Type None
Building Area Units Square Feet
Standard Status Active
Property Features Brush Partially Cleared
Gas Status Available
Property Style 40 - Res-Less thn 1 Ac
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Interior
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Cul-De-Sac Paved
Water Source Available
Building Area Total 0
Lot Size Acres 0.4343
Road Surface Type Paved
Waterfront Y/N Y
Road Responsibility Private Maintained Road Road Maintenance Agreement
Irrigation Water Rights Y/N N
Waterfront Footage 103
Lot Number 2
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Internal Only
OriginalMLSID NWM2532737
Street Number 1 11623
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* Excluded Features
List By
Chris Murphy

Listing Agent

Compass

Broker

Affordability Calculator

$4,310
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,848
Monthly Property Taxes
$462
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256899 Elementary School
256742 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/5/2026$625,000 Listed Price

Map


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11623 Madera Gardens Drive SW, Lakewood, WA, 98499 is a Lots and Land for sale at $625,000 with a lot size of 0.4343. 11623 Madera Gardens Drive SW is a studio with 0.0 baths. The property's zip code is 98499 which is in Lakewood, WA