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$625,000 Just Listed

  • For Sale
  • Active
  • Land Residential
  • 0.4343 Acres
  • Updated 2 days ago

Listed by Chris Murphy | Compass | (253) 987-1778 and Connie Z Qian | Compass | (425) 242-6440

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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.

Full Property Details for 11623 Madera Gardens Dr SW

General

  • Price: $625,000
  • HOA FEE: $233/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $5,539 (2026)
  • Status: Active
  • Type: Land Residential
  • Source: NWMLS
  • MLS ID: 2532737
  • Updated: 6/7/2026
  • Added to Site: 5 day(s) ago

Additional Information

  • Security/Safety: Security Gate

Location

  • Area: 39 - Lakewood
  • County: Pierce
  • Subdivision: Gravelly Lake
  • Driving 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

School Information

  • High School District: Lakewood

Community

  • Association: Yes
  • Assoc. Fees Include: Common Area Maintenance, Road Maintenance

Utilities

  • Sewer: Available
  • Water: Available
  • Utility Description: Electricity Available, Natural Gas Available

Structural Information

  • Structure Type: None

Lot Features

  • Property View: Lake, See Remarks, Territorial
  • Lot Size (Acres): 0.4343
  • Lot Size (Sq. Ft.): 18,916
  • Lot Size Source: Tax Records
  • Street/Road Desc.: Paved, Privately Maintained, Recorded Maint. Agrm
  • Topography: Level, Rolling, Sloped
  • Lot Features: Cul-De-Sac, Paved
  • Zoning: Residential

Water Features

  • Water Front: Yes

Financial Considerations

  • Association Fee: $700
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $5,539
  • Tax Year: 2026
  • Terms: Cash

Disclosures and Reports

  • Special Conditions: None
  • Restrictions: CC&R, NO Manufactured Homes
  • Property ID: 5403500020
  • Lot Number: 2

Listed by Chris Murphy | Compass | (253) 987-1778 and Connie Z Qian | Compass | (425) 242-6440

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Schools serving 11623 Madera Gardens Dr SW

School District:Clover Park School District
NameGradesDistance
Idlewild Elementary School
10806 Idlewild Road Southwest, Lakewood, WA 98498
K-51 mi
Harrison Preparatory School
9103 Lakewood Drive Southwest, Lakewood, WA 98499
6-121.9 mi
Lochburn Middle School
5431 Steilacoom Boulevard Southwest, Lakewood, WA 98499
6-82 mi
Clover Park High School
11023 Gravelly LK DR SW, Lakewood, WA 98499
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 11623 Madera Gardens Dr SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/04/2026
Listed
$625,000
7.94%
MLS
12/03/2024
Sold
$579,000
—
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 11623 Madera Gardens Dr SW

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,056
8%
$559,700
33%
2024
$4,696
-4%
$421,600
-8%
2023
$4,889
4%
$459,500
18%
2022
$4,698
—
$390,000
11%
2021
$4,687
16%
$352,000
21%
2020
$4,025
-5%
$290,900
11%
2018
$4,255
—
$262,900
-4%
2018
$4,255
21%
$275,000
26%
2017
$3,513
-8%
$219,100
-8%
2016
$3,811
-2%
$237,400
—
2015
$3,903
-3%
$237,400
—
2014
$4,040
—
$237,400
—
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 Chris Murphy | Compass | (253) 987-1778 and Connie Z Qian | Compass | (425) 242-6440

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11623 Madera Gardens Drive SW, Lakewood, WA 98499 (MLS# 2532737) is a Land Residential property with a lot size of 0.4343 acres. 11623 Madera Gardens Drive SW is currently listed for $625,000 and was received on June 04, 2026. Want to learn more about 11623 Madera Gardens Drive SW? Do you have questions about finding other Land Residential real estate for sale in Lakewood? You can browse all Lakewood real estate or contact a Coldwell Banker agent to request more information.

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