$600,000
Est. $3,094/mo11623 Madera Gardens Drive Sw, Lakewood, WA 98499
• Listed 2026-06-04•4 days on market
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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.
Listed by Chris Murphy • COMPASS
Listing updated: August 5, 2026 at 11:45am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2532737
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11623 Madera Gardens Drive Sw, Lakewood, WA 98499
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Lakewood is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 17 days.
$392,500 Sold
1 week ago
3 bd•1 ba•~1,408 sq ft•Single Family
12624 Glenwood Avenue Sw, Lakewood, WA 98499
3%
Under list
—
Days on market
0.7 mi
Distance
$749,000 Sold
3 weeks ago
3 bd•2 ba•~2,182 sq ft•Single Family
6612 Linwood Lane Sw, Lakewood, WA 98499
0%
Over list
—
Days on market
0.6 mi
Distance
$1,290,000 Sold
5 weeks ago
4 bd•2.25 ba•~2,980 sq ft•Single Family
10040 Dekoven Drive Sw, Lakewood, WA 98499
1%
Under list
—
Days on market
0.9 mi
Distance
$743,000 Sold
2 months ago
3 bd•2.25 ba•~2,634 sq ft•Single Family
11927 Nyanza Road Sw, Lakewood, WA 98499
1%
Under list
—
Days on market
0.3 mi
Distance
$440,000 Sold
2 months ago
3 bd•1 ba•~1,254 sq ft•Single Family
10915 Davisson Road Sw, Lakewood, WA 98499
4%
Under list
—
Days on market
0.8 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Aug 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
