1000 Creso Road

Spanaway, WA 98387

About this property

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.

About this property

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.

Features and Additional Information

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$3,400,000 Pending Feasibility
4,233 sqft

Presented By Coldwell Banker 360 Team

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Brokerage
COMPASS
1-253-987-1778
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Area Information

99 Spanaway | Pierce County | Spanaway Lake

$ 3,400,000
This listing is play_arrow 385.1% higher than the average in the area
$ 700,863 in the area
4,233 SqFt
This listing is play_arrow 73.3% larger than the average in the area
2,443 SqFt in the area
$ 803 $/SqFt
This listing is play_arrow 172.5% more than the average in the area
$ 295 $/SqFt in the area
122 days on site
This listing is play_arrow 9.6% below the average in the area
135 days on site in the area

Schools in the Area

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    Elementary School
    Spanaway Elem
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    Middle School
    Spanaway Jnr High
  • turned_in
    High School
    Spanaway Lake High
Listed By Greg Garner
Brokerage: COMPASS

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