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$1,417,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 3,144 Sq. Ft.
  • Updated 8 hours ago

Listed by Kimberly Fraser | eXp Realty | (888) 317-5197

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5322 S Island Drive E, Bonney Lake, WAVideo Tour of 5322 S Island Drive E, Bonney Lake, WA.
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.

Full Property Details for 5322 S Island Dr E

General

  • Price: $1,417,000
  • HOA FEE: $21/month
  • HOA FEE FREQ.: Annually
  • Taxes: $14,193 (2026)
  • Status: Active
  • Type: Single Family
  • Source: NWMLS
  • MLS ID: 2488254
  • Updated: 3/6/2026
  • Added to Site: 2 day(s) ago

Interior

  • Interior Features: Bath Off Primary, Built-In Vacuum, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Loft, Skylight(s), Vaulted Ceilings, Walk-In Closet(s), Wired for Generator
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Appliances: Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s)
  • Flooring: Hardwood, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Floor Baths: 2
  • Main - 1/2 Baths: 1
  • Lower - Full Baths: 1

Bedrooms

  • Total Bedrooms: 5
  • Bedrooms Lower: 3
  • Bedrooms Main: 2

Additional Information

  • Amenities: Cable TV, Deck, Dock, Fenced-Fully, Gas Available, Hot Tub/Spa, Moorage, Patio, RV Parking, Shop, Sprinkler System
  • Spa: Yes
  • Security/Safety: Fully Fenced

Parking

  • Garage: Yes
  • Carports: Yes
  • Covered Spaces: 4
  • Parking Features: Detached Carport, Detached Garage, RV Parking

Location

  • Area: 109 - Lake Tapps/Bonney Lake
  • County: Pierce
  • Subdivision: Inlet Island
  • Driving Directions: HWY 410. Left on 64th St E (Inlet Island) Follow over Causeway to left on South Island Drive to home on Left.
  • Direction Faces: West

School Information

  • High School District: Sumner-Bonney Lake

Community

  • Association: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Forced Air
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: House
  • Exterior Const.: Wood
  • Basement Desc.: Daylight, Finished
  • Foundation: Poured Concrete
  • Roof: Composition
  • Square Feet: 3,144
  • Finished Total: 3,144 Sq. Ft.
  • Year Built: 1990

Lot Features

  • Property View: Lake, Mountain(s)
  • Lot Size (Acres): 0.2366
  • Lot Size (Sq. Ft.): 10,305
  • Lot Size Source: Realist
  • Topography: Partial Slope
  • Lot Features: Paved

Water Features

  • Water Front: Yes

Financial Considerations

  • Association Fee: $250
  • Assoc Fee Freq.: Annually
  • Tax Amount: $14,193
  • Tax Year: 2026
  • Terms: Cash, Conventional, FHA, USDA Loan, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Inclusions: Dishwasher(s), Garbage Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s)
  • Property ID: 4720001260

Listed by Kimberly Fraser | eXp Realty | (888) 317-5197

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Schools serving 5322 S Island Dr E

School District:Sumner School District
NameGradesDistance
Emerald Hills Elementary School
19515 S Tapps Dr E, Bonney Lake, WA 98390
K-50.8 mi
Lakeridge Middle School, Bonney Lake, WA
5909 Myers RD E, Bonney Lake, WA 98391
6-81.7 mi
Bonney Lake High School
10920 199th Avenue Court East, Bonney Lake, WA 98391
9-123 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5322 S Island Dr E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/05/2026
Listed
$1,417,000
94.18%
MLS
3/24/2016
Sold
$729,719
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5322 S Island Dr E

Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,918
11%
$1,320,200
—
2024
$13,422
14%
$1,321,700
10%
2023
$11,809
7%
$1,202,900
28%
2022
$10,987
7%
$942,000
19%
2021
$10,268
8%
$789,300
11%
2020
$9,540
11%
$710,800
12%
2018
$8,576
—
$636,300
4%
2018
$8,576
19%
$612,600
16%
2017
$7,190
13%
$527,700
12%
2016
$6,379
-4%
$469,200
-1%
2015
$6,675
8%
$472,100
12%
2014
$6,194
—
$420,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Kimberly Fraser | eXp Realty | (888) 317-5197

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17921 64th St E  Lake Tapps, WA 98391

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    Total Baths
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    Sq. Ft.
Listed by Kimberly Fraser | eXp Realty
Sold by Randy White | Pellego, Inc.

5322 S Island Drive E, Bonney Lake, WA 98391 (MLS# 2488254) is a Single Family property with 5 bedrooms, 2 full bathrooms and 1 partial bathroom. 5322 S Island Drive E is currently listed for $1,417,000 and was received on March 05, 2026. Want to learn more about 5322 S Island Drive E? Do you have questions about finding other Single Family real estate for sale in Bonney Lake? You can browse all Bonney Lake real estate or contact a Coldwell Banker agent to request more information.

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