$600,000
Est. $3,323/moPrice reduced $25,000 from the original $625,000 asking price
11623 Madera Gardens Drive SW, Lakewood, WA 98499
• Listed Jun 4, 2026•92 days active · 92 cumulative
Listing Broker: COMPASS; Chris Murphy; 360-918-6497; Chris@WaterfrontHomes.com
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Listing Broker: COMPASS; Chris Murphy; 360-918-6497; Chris@WaterfrontHomes.com
About this home
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: September 21, 2026 at 09:31am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2532737
Around this home
How much should you offer?
11623 Madera Gardens Drive SW, Lakewood, WA 98499
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Res-Less thn 1 Ac
Schools
Ratings via SchoolDigger- Tyee Park Elementary SchoolPublic · Grades PK-5 · 0.9 mi · State rank 934 of 1,1382/10
- Thomas Middle SchoolPublic · Grades 6-8 · 1.8 mi · State rank 320 of 5144/10
- Clover Park High SchoolPublic · Grades 9-12 · 0.6 mi · State rank 365 of 3961/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 0.43 acres
- Lot square feet
- 18,916 sq ft
- Topography
- Level,Rolling,Sloped
- Lot number
- 2
- Lot details
- Cul-De-Sac, Paved
Zoning & use
- Zoning code
- R2
- Zoning description
- Residential
- Zoning jurisdiction
- City
- Possible use
- Residential
- Restrictions
- CC&R,NO Manufactured Homes
Utilities
- Utilities
- Electricity Available, Natural Gas Available
- Electricity
- Available
- Gas
- Available
- Water
- Available
- Water jurisdiction
- Lakewood
- Water access
- Beach Rights,Community Waterfront/Pvt Beach,Deeded Access
- Sewer
- Available
- Septic installed
- No
Road & access
- Road surface
- Paved
- Road responsibility
- Private Maintained Road, Road Maintenance Agreement
- Road information
- Paved,Privately Maintained,Recorded Maint. Agrm
- Road on which side
- North
Surveys & reports
- Sketch submitted
- No
- Reports and documents completed
- CCRs,See Remarks
Water & irrigation
- Waterfront
- Yes
- Waterfront footage
- 103 ft
- Irrigation water rights
- No
Taxes & assessment
- Annual taxes
- $5,539
- Tax year
- 2026
- Senior exemption
- No
- Financing
- Cash
- Seller disclosure
- Provided
- Preliminary title ordered
- Yes
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 11623 Madera Gardens Drive SW
NWMLS via MLS Grid · Pierce County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Sep 21, 2026Price reducedNWMLS via MLS Grid · #2532737$600,000
- Jun 4, 2026ListedNWMLS via MLS Grid · #2532737$625,000
- Dec 10, 2024SoldNWMLS via MLS Grid · #2305787$579,000
- Nov 20, 2024PendingNWMLS via MLS Grid · #2305787$579,000
- Oct 28, 2024ListedNWMLS via MLS Grid · #2305787$579,000
- Aug 31, 2015SoldNWMLS via MLS Grid · #753066$230,000
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$4,169 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: COMPASS; Chris Murphy; 360-918-6497; Chris@WaterfrontHomes.com
Market pulse
Lakewood is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 90 days.
Recent sales nearby
Within 1 mile · last 6 months$570,000 Sold
2 weeks ago
•Single Family
5907 to 5909 SW 111th #07-09, Lakewood, WA 98499
1%
Over list
182
Days on market
0.7 mi
Distance
$540,000 Sold
3 weeks ago
3 bd•1.5 ba•~1,444 sq ft•Single Family
6317 Nyanza Park Drive SW, Lakewood, WA 98499
0%
Over list
34
Days on market
0.4 mi
Distance
$890,000 Sold
4 weeks ago
4 bd•2.75 ba•~3,331 sq ft•Single Family
11411 Clovercrest Drive SW, Lakewood, WA 98499
1%
Under list
136
Days on market
0.3 mi
Distance
$1,400,000 Sold
4 weeks ago
3 bd•3 ba•~5,388 sq ft•Single Family
22 Loch Lane SW, Lakewood, WA 98499
13%
Under list
84
Days on market
0.6 mi
Distance
$620,000 Sold
7 weeks ago
3 bd•2 ba•~1,966 sq ft•Single Family
6351 Lake Avenue SW, Lakewood, WA 98499
3%
Under list
96
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.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 21, 2026 at 4:54 AM PT (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
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