$3,400,000
Est. $17,497/mo1000 Creso Road S, Spanaway, WA 98387
• Listed 2026-05-19•New today
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Based on information submitted to the MLS GRID as of August 18, 2026 at 11:18am (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: August 18, 2026 at 11:18am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2553466
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Open Wed, Aug 19RexMont Value Snapshot
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1000 Creso Road S, Spanaway, WA 98387
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$21,025 per month
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Spanaway 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 14 days.
$74,000 Sold
6 days ago
2 bd•0.75 ba•Single Family
17103 Spanaway Loop Road S #15, Spanaway, WA 98387
13%
Under list
—
Days on market
0.3 mi
Distance
$719,000 Sold
3 weeks ago
3 bd•1.75 ba•~1,896 sq ft•Single Family
16006 Spanaway Loop Road S, Spanaway, WA 98387
0%
Over list
—
Days on market
0.5 mi
Distance
$719,000 Sold
3 weeks ago
•Single Family
16006 Spanaway Loop Road S, Spanaway, WA 98387
0%
Over list
—
Days on market
0.5 mi
Distance
$589,999 Sold
5 weeks ago
3 bd•2 ba•~2,164 sq ft•Single Family
625 173rd Street S, Spanaway, WA 98387
0%
Over list
—
Days on market
0.7 mi
Distance
$572,500 Sold
4 months ago
3 bd•2.25 ba•~1,760 sq ft•Single Family
16011 Spanaway Loop S, Spanaway, WA 98387
0%
Under list
—
Days on market
0.4 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
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.
