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$3,400,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Car Garage
  • Updated 3 days ago

Listed by Greg Garner | Compass | (253) 987-1778 and Chris Murphy | Compass | (253) 987-1778

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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.

Full Property Details for 1000 Creso Rd S

General

  • Price: $3,400,000
  • Taxes: $32,136 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2553466
  • Updated: 7/14/2026
  • Added to Site: 60 day(s) ago

Interior

  • Flooring: Hardwood, Slate, Vinyl, Vinyl Plank, Carpet

Additional Information

  • Amenities: Dock, Electric Car Charging, Gated Entry, High Speed Internet, Outbuildings, Outdoor Fireplace, Patio, RV Parking, Sprinkler System
  • Security/Safety: Security Gate

Parking

  • Garage Spaces: 4
  • Carport Spaces: 6
  • Covered Spaces: 10
  • Uncovered Spaces: 20
  • Parking Features: RV Parking

Location

  • Area: 99 - Spanaway
  • County: Pierce
  • Subdivision: Spanaway Lake
  • Driving Directions: From Hwy 512 and Steele St continue south transitioning into Spanaway Loop Rd. Follow Spanaway Loop Rd approx 5 miles to Creso Road. Left on Creso Rd. 1000 Creso Rd is through the gates at the end.

School Information

  • High School District: Bethel
  • Elementary School: Spanaway Elem
  • Middle School: Spanaway Jnr High
  • High School: Spanaway Lake High

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Heat Pump
  • Heating Type: Forced Air, Heat Pump, High Efficiency (Unspecified)

Utilities

  • Sewer: Septic Tank
  • Water: Public

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Stone, Stucco, Wood
  • Foundation: Poured Concrete
  • Roof: Tile
  • Stories in Building: 2
  • Square Feet: 4,233
  • Year Built: 2001
  • Property Condition: Very Good

Unit Information

  • Units in Building: 8

Lot Features

  • Property View: Lake, Mountains
  • Lot Size (Acres): 9.31
  • Lot Size (Sq. Ft.): 405,544
  • Lot Size Source: Public Records
  • Lot Dimensions: Irregular
  • Lot Features: Cul-De-Sac, Paved, Secluded
  • Zoning: Residential

Water Features

  • Water Front: Yes

Financial Considerations

  • Tax Amount: $32,136
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 319291021

Listed by Greg Garner | Compass | (253) 987-1778 and Chris Murphy | Compass | (253) 987-1778

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Schools serving 1000 Creso Rd S

School District:Bethel School District
NameGradesDistance
Spanaway Elementary School
412 165th Street South, Spanaway, WA 98387
PK-50.6 mi
Spanaway Junior High School
15701 B Street East, Tacoma, WA 98445
6-81.1 mi
Spanaway Lake High School
1305 168th Street East, Spanaway, WA 98387
9-121.8 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 1000 Creso Rd S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/19/2026
Listed
$3,400,000
655.56%
MLS
4/09/2001
Sold
$450,000
—
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 1000 Creso Rd S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$33,164
12%
$2,711,300
13%
2024
$29,608
-1%
$2,404,100
-3%
2023
$29,896
15%
$2,478,900
28%
2022
$26,021
6%
$1,933,300
12%
2021
$24,663
5%
$1,731,800
7%
2020
$23,589
3%
$1,621,000
-3%
2018
$23,008
—
$1,677,800
13%
2018
$23,008
14%
$1,481,100
16%
2017
$20,246
10%
$1,279,500
14%
2016
$18,467
-3%
$1,121,400
-1%
2015
$19,088
19%
$1,134,600
17%
2014
$16,096
—
$971,800
—
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 Greg Garner | Compass | (253) 987-1778 and Chris Murphy | Compass | (253) 987-1778

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1000 Creso Road S, Spanaway, WA 98387 (MLS# 2553466) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 1000 Creso Road S is currently listed for $3,400,000 and was received on May 19, 2026. Want to learn more about 1000 Creso Road S? Do you have questions about finding other Multi-Family real estate for sale in Spanaway? You can browse all Spanaway real estate or contact a Coldwell Banker agent to request more information.

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