11623 Madera Gardens Drive SW, Lakewood, WA 98499 - Photo 1

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1/20

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$600,000 -$25,000 (-4%) Price Reduced

For Sale
Active
Land Residential
0.4343 Acres
Updated 19 hours ago

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

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Property Description

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

Full Property Details for 11623 Madera Gardens Dr SW

General

Price: $600,000
HOA FEE: $233/month
HOA FEE FREQ.: Quarterly
Taxes: $5,539 (2026)
Status: Active
Type: Land Residential
Source: NWMLS
MLS ID: 2532737
Updated: 8/5/2026
Added to Site: 63 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

Schools serving 11623 Madera Gardens Dr SW

School District:Clover Park School District

Name	Grades	Distance
Idlewild Elementary School 10806 Idlewild Road Southwest, Lakewood, WA 98498	K-5	1 mi
Harrison Preparatory School 9103 Lakewood Drive Southwest, Lakewood, WA 98499	6-12	1.9 mi
Lochburn Middle School 5431 Steilacoom Boulevard Southwest, Lakewood, WA 98499	6-8	2 mi
Clover Park High School 11023 Gravelly LK DR SW, Lakewood, WA 98499	9-12	0.6 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

8/05/2026

Price Reduced

$600,000

-4%

MLS

6/04/2026

Listed

$625,000

7.94%

MLS

12/03/2024

Sold

$579,000

—

Public Record

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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

Tax History for 11623 Madera Gardens Dr SW

Year

Property Taxes

Change

Tax Assessment

Change

2025

$5,056

—

$544,700

-3%

2025

$5,056

$559,700

33%

2024

$4,696

-4%

$421,600

-8%

2023

$4,889

$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.

Estimate the Cost

Estimate the Cost for 11623 Madera Gardens Dr SW

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 $600,000 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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11623 Madera Gardens Dr SW Lakewood, WA 98499