John Traweek
  • Office - 206.932.4500
  • Cell - 206.949.5980

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Listing provided courtesy of COMPASSNWMLSas Distributed by MLSGrid- MLS# NWM2532737MLS Provider

11623 Madera Gardens Drive SWLakewood, WA 98499

Vacant Land · 0.43 Acres
$625,000 Active

11623 Madera Gardens Drive SW Overview

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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.

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11623 Madera Gardens Drive SW Facts & Features

  • Type Vacant Land
  • Lot 0.43 Acres

Details

General

Association/HOA

  • Association Fee: $700.00
  • Association Fee Frequency: Quarterly
  • Association Fee Includes: Common Area Maintenance, Road Maintenance

School Information

  • School District: Lakewood

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 39 - Lakewood
  • Subdivision Name: Gravelly Lake

Community/Development

  • Community Features: CCRs, Gated

Tax Information

  • Tax Annual Amount: $5,539.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash
  • Parcel Number: 5403500020
  • Possible Use: Residential
  • Property Sub Type: Land
  • Property Type: Land
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: No
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Security Features: Security Gate

Exterior

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Cul-De-Sac, Paved
  • Lot Size Acres: 0.4343
  • Lot Size Square Feet: 18916
  • Lot Size Units: Square Feet
  • Property Features: Brush,Partially Cleared
  • Road Responsibility: Private Maintained Road,Road Maintenance Agreement
  • Road Surface Type: Paved
  • Topography: Level, Rolling, Sloped
  • Elevation Units: Feet
  • Water Source: Available

Waterfront/View

  • Waterfront Features: Medium Bank, Lake
  • Waterfront Footage: 103
  • Waterfront: Yes

Building Exterior/Construction

  • Structure Type: None

General Information

  • Carport: No
  • Electric On Property: No
  • Sewer: Available
  • Utilities: Electricity Available, Natural Gas Available

11623 Madera Gardens Drive SW Neighborhood

Community

98499 (LAKEWOOD) Demographics

33
Median Age
3,254
Population Density (per sq. mile)
30%
College Educated
$50,037
Estimated Median Income
4,435
Estimated Total Home Owners
8,688
Estimated Total Renters
34% / 66%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

11623 Madera Gardens Drive SW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

11623 Madera Gardens Drive SW Market Data

Based on the last 30 days in this zip code

$633,602
Average List Price
$301
Average Price per Square Foot
17
Properties Sold
72
Average Days on Market
104
Properties for Sale
Calculations provided by Reliance Network

11623 Madera Gardens Drive SW History

Date Event Value Agent
6/4/2026Source: NWMLS Added to Database
June 04, 2026
12/10/2024Source: NWMLS Status Change
Sold
11/30/2024Source: NWMLS Status Change
Pending
11/20/2024Source: NWMLS Status Change
Pending Feasibility
10/28/2024Source: NWMLS Added to Database
October 28, 2024