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Listed by: Greg Garner (253) 279-8000 , Chris Murphy (360) 918-6497 | COMPASS (253) 987-1778
$3,400,000
Monthly Est:$16,923
16 Beds
10 Baths
4,233sqft
1000 Creso Rd S, Spanaway, WA 98387
$3,400,000
$16,923/moEst:
Get Pre-Approved
Duplex
Built in 2001
$-- HOA
9.31 acres lot
$803/sq.ft
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.
- Houzeo last checked: 11 hours ago
- Listing updated: October 1, 2026 at 4:32 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2553466
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
2001
HOA Fees
-
Finished Area
4,233 sqft
Lot Size
9.31 acres lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2553466
MLS Status
Pending Feasibility
Days on Market
135
Cumulative Days on Market
132
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 16
Bathrooms: 10
Interior
Flooring
Hardwood, Slate, Vinyl, Vinyl Plank, Carpet
Exterior Features
Stone, Stucco, Wood
Sewer
Septic Tank
Heating
Forced Air, Heat Pump, High Efficiency (unspecified)
Cooling
Heat Pump
Construction
Year Built
Year Built: 2001
Home type
Duplex
Roof
Tile
Property Condition
Very Good
Foundation Details
Poured Concrete
Construction Materials
Stone, Stucco, Wood
Utilities & Energy
Parking Features
Rv Parking
Security Features
Security Gate
Water Source
Public
Other Features
Lot Features
Cul De Sac, Paved, Secluded
Subdivision Name
Spanaway Lake
Price History
| Date | Event | Price |
|---|---|---|
10/01/2026 Source: | Pending | $3,400,000 $803/sqft |
05/19/2026 Source: | Listed for Sale | $3,400,000 $803/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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