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1000 Creso Road S

Spanaway, WA 98387
  • $3,400,000
  • STATUS: Active
  • ID#: 2525804
UPDATED: 30 min ago
$3,400,000
  • 4
    BEDS
  • 9.31
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
  • 8,655
    SQFT
  • $393
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2001
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logo Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of COMPASS.
Mortgage Calculator is provided by BoomTown.

Description

This stunning lakefront property is unlike anything you’ve ever seen! Sited on 700 feet of waterfront and 9.31 acres, this special property is the perfect combination of lakefront luxury and income generating rentals. The hallmark of the property is the lakefront lodge. At more than 4,200 square feet, clad in stone, stucco, slate, and copper, this beautiful home features a main level primary suite, an expansive kitchen, a two-story great room, and an attached ADU/MIL above the three-car garage. Open the three sets of French doors in the great room for a seamless indoor-outdoor flow onto the covered outdoor patio. Enjoy beautiful lake views from nearly every room, especially the elevated ADU which offers two private external entrances and interior access from the main residence. The South-facing shoreline features a picturesque Mount Rainier view. The dock easily accommodates a float plane or large vessel, with an extra motorized float perfect for cruising the lake with friends. Now, the rentals. This single-parcel property includes 7 rental units: two 1-bed duplexes, a 2-bed duplex, and an additional single-family home. These additional residences have all received consistent updates throughout the years and benefits from long-term tenants who would love to stay. Photos of the SFR and one of the duplex units are included in this listing. Gross annual income exceeds $100,000 per year and a rent roll is available upon request. This one-of-a-kind property is as rare as it comes.

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MLS Grid logo

IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than TRI STAR Team | RE/MAX NW are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2026-07-18T14:17:24.51. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2026-07-18T14:17:24.51. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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1000 Creso Road S Spanaway, WA 98387

  • Price: $3,400,000
  • Status: Active
  • On Site: Days
  • Updated: 30 min ago
  • ID#: 2525804
4
Beds
3
Baths
1
½ Baths
9.31
Acres
8,655
SQFT
$393
$/SQFT
2001
Built
Neighborhood:
Spanaway Lake
County:
Pierce
Area:
Spanaway
Elementary School:
Spanaway Elem
Middle School:
Spanaway Jnr High
High School:
Spanaway Lake High
School District:
Bethel
Property Description
This stunning lakefront property is unlike anything you’ve ever seen! Sited on 700 feet of waterfront and 9.31 acres, this special property is the perfect combination of lakefront luxury and income generating rentals. The hallmark of the property is the lakefront lodge. At more than 4,200 square feet, clad in stone, stucco, slate, and copper, this beautiful home features a main level primary suite, an expansive kitchen, a two-story great room, and an attached ADU/MIL above the three-car garage. Open the three sets of French doors in the great room for a seamless indoor-outdoor flow onto the covered outdoor patio. Enjoy beautiful lake views from nearly every room, especially the elevated ADU which offers two private external entrances and interior access from the main residence. The South-facing shoreline features a picturesque Mount Rainier view. The dock easily accommodates a float plane or large vessel, with an extra motorized float perfect for cruising the lake with friends. Now, the rentals. This single-parcel property includes 7 rental units: two 1-bed duplexes, a 2-bed duplex, and an additional single-family home. These additional residences have all received consistent updates throughout the years and benefits from long-term tenants who would love to stay. Photos of the SFR and one of the duplex units are included in this listing. Gross annual income exceeds $100,000 per year and a rent roll is available upon request. This one-of-a-kind property is as rare as it comes.
Exterior Features

Architectural Style See Remarks Attached Garage YN Yes Carport YN No Covered Spaces 3 Entry Location Main Exterior Features StoneStuccoWood Garage YN Yes Levels Two Lot Features Cul-De-SacPavedSecluded Lot Size Dimensions Irregular Open Parking YN No Parking Features Attached GarageRV Parking Parking Total 8 Roof Tile Structure Type House Style Code 12 - 2 Story Topography Level Vegetation Fruit TreesGarden Space View LakeMountains View YN Yes Water Access Deeded Access Waterfront Features LakeNo Bank Waterfront Footage 700 Waterfront YN Yes

Interior Features

ADUBaths 2 ADUBeds 4 Appliances DishwasherDryerMicrowaveRefrigeratorStove(s)/Range(s)Washer Appliances Included Dishwasher(s)Dryer(s)Microwave(s)Refrigerator(s)Stove(s)/Range(s)Washer(s) Basement None Baths Full Garage 0 Baths Full Lower 0 Baths Full Main 1 Baths Full Upper 2 Baths Half Garage 0 Baths Half Lower 0 Baths Half Main 1 Baths Half Upper 0 Baths Three Quarter Garage 0 Baths Three Quarter Lower 0 Baths Three Quarter Main 0 Baths Three Quarter Upper 0 Bedrooms Lower 0 Bedrooms Upper 2 Building Area Total 4233 Cooling Heat Pump Cooling YN Yes Fireplace YN Yes Fireplaces Main 1 Fireplaces Total 1 Flooring HardwoodSlateVinylVinyl PlankCarpet Heating Forced AirHeat PumpHigh Efficiency (Unspecified) Heating YN Yes Interior Features Second KitchenBath Off PrimaryDbl Pane/Storm WindowFireplaceFrench DoorsJetted TubVaulted Ceiling(s)Walk-In Closet(s)Water Heater Living Area 4233 Main Level Bedrooms 2 Rooms Bonus Room (Second Level) Den/Office (Main Level) Dining Room (Main Level) Entry Hall (Main Level) Great Room (Main Level) Kitchen With Eating Space (Main Level) Primary Bedroom (Main Level) Studio (Main Level) Utility Room (Main Level) Bathroom Full (Second Level) Bathroom Full (Second Level) Bathroom Full (Main Level) Bathroom Half (Main Level) Bedroom (Second Level) Bedroom (Second Level) Bedroom (Main Level) Square Footage Finished 4233 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Building Information Built On Lot Direction Faces South Down Payment Resource YN No Energy Source ElectricWood FIRPTAYN No Foundation Details Poured Concrete Inclusions Dishwasher(s)Dryer(s)Leased EquipmentMicrowave(s)Refrigerator(s)Stove(s)/Range(s)Washer(s) Irrigation Water Rights YN No Land Lease YN No Leased Equipment None Listing Terms CashConventional New Construction YN No Possession Closing Power Company Elmhurst Power Production Type ElectricWood Property Condition Very Good Property Sub Type Single Family Residence Security Features Security Gate Senior Community YN No Senior Exemption No Sewer Septic Tank Sewer Company Septic Site Features DockElectric Car ChargingGated EntryHigh Speed InternetMoorageOutbuildingsOutdoor FireplacePatioRV ParkingSprinkler System Special Listing Conditions None Tax Annual Amount 32136 Tax Year 2026 Water Company Spanaway Water Water Heater Location Laundry Room Water Heater Type Electric Water Source Public Year Built Effective 2005 Zoning Jurisdiction County

MLS Grid logo

IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than TRI STAR Team | RE/MAX NW are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2026-07-18T14:17:24.51. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2026-07-18T14:17:24.51. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Digital Millennium Copyright Act
 
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TRI STAR Team | RE/MAX NW
300 NE 97th Street
Seattle WA, 98115
Northwest MLS logo Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of COMPASS.
Mortgage Calculator is provided by BoomTown.