$3,400,000
Est. $17,228/mo4 bd•3.5 ba•4,233 sq ft
1000 Creso Road S, Spanaway, WA 98387
• Listed 2026-05-19•5 days on market
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Based on information submitted to the MLS GRID as of June 7, 2026 at 10:52am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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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.
Listed by Greg Garner • COMPASS
Listing updated: June 7, 2026 at 10:52am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2525804
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1000 Creso Road S, Spanaway, WA 98387
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More homes in this area that match your range.
Spanaway is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 8 days.
$460,000 Sold
5 months ago
2 bd•1 ba•~928 sq ft•Single Family
718 160th Street S, Spanaway, WA 98387
3%
Under list
—
Days on market
0.5 mi
Distance
$595,000 Sold
5 months ago
4 bd•1.5 ba•~2,990 sq ft•Single Family
701 173rd Street S, Spanaway, WA 98387
21%
Under list
—
Days on market
0.6 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
Bethel School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
