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$2,100,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 13 days ago

Listed by Chris Ranch | Keller Williams Realty PS | (253) 835-4500
Sold by Ethan Richard Ames | Timber Real Estate

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Opportunities like this are rare. Welcome to American Lake, where legacy meets potential. This 9-unit waterfront multifamily property is ready for its next chapter. Featuring four 1-bedroom standalone cottages, a fourplex offering 2-bedroom units, and a private waterfront home, this one-of-a-kind offering combines character, flexibility, and income potential. Current rents are below market, providing strong upside for investors. Enjoy direct lake access with on-site watersport storage, an enormous dock, and surplus parking. Whether you choose to hold long-term, convert to luxury short-term rentals, or owner-occupy and build community, this property delivers. Western exposure ensures unforgettable sunsets over the water. Greet location!

Full Property Details for 14312 Thorne Ln SW #15

General

  • Sold For: $2,100,000
  • Taxes: $21,758 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2498457
  • Added to Site: 258 day(s) ago

Interior

  • Flooring: Laminate, Vinyl Plank

Additional Information

  • Amenities: Boat House, Dock, Fenced-Partially, Gas Available, Outbuildings, Patio
  • Security/Safety: Partially Fenced

Parking

  • Uncovered Spaces: 12

Location

  • Area: 41 - Lakewood/Tillicum
  • County: Pierce
  • Subdivision: American Lake
  • Driving Directions: N/S I-5 take 122B/Thorne Ln, 122A/Berkeley St exit. West on N Thorne Ln. At Woodlawn St SW, Right/North. Drive approx 1 mile, turn right on west thorne ln sw. End of street.

School Information

  • High School District: Lakewood

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Septic Tank
  • Water: Individual Well

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 7,716
  • Year Built: 1999

Unit Information

  • Units in Building: 10

Lot Features

  • Property View: Lake
  • Lot Size (Acres): 0.41
  • Lot Size (Sq. Ft.): 17,860
  • Lot Size Source: realist
  • Lot Features: Adjacent to Public Land, Corner Lot
  • Zoning: Multi-Family

Water Features

  • Water Front: Yes

Financial Considerations

  • Tax Amount: $21,758
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 219164022

Listed by Chris Ranch | Keller Williams Realty PS | (253) 835-4500
Sold by Ethan Richard Ames | Timber Real Estate

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NMLS#: 1598647

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with our affiliated lender
NMLS#: 1598647

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Schools serving 14312 Thorne Ln SW #15

School District:Clover Park School District
NameGradesDistance
Tillicum Elementary School
8514 Maple ST SW, Lakewood, WA 98498
K-50.2 mi
Woodbrook Middle School
11509 Holden Road Southwest, Lakewood, WA 98498
6-81.9 mi
Harrison Preparatory School
9103 Lakewood Drive Southwest, Lakewood, WA 98499
6-124.1 mi
Clover Park High School
11023 Gravelly LK DR SW, Lakewood, WA 98499
9-122.8 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 14312 Thorne Ln SW #15

Date
Details
Price
Change
Source
5/12/2026
Sold
$2,100,000
-22.94%
MLS
9/11/2025
Listed
$2,725,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Chris Ranch | Keller Williams Realty PS | (253) 835-4500
Sold by Ethan Richard Ames | Timber Real Estate

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14312 Thorne Lane SW #15, Lakewood, WA 98498 (MLS# 2498457) is a Multi-Family property that was sold at $2,100,000 on May 12, 2026. Want to learn more about 14312 Thorne Lane SW #15? Do you have questions about finding other Multi-Family real estate for sale in Lakewood? You can browse all Lakewood real estate or contact a Coldwell Banker agent to request more information.