1000 Creso Road S, Spanaway, WA 98387 (MLS # 2525804)

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Listing provided courtesy of Northwest MLS; COMPASS

PRICE $3,400,000
BEDS 4
BATHS 3.5
HOME SIZE 4,233 sqft
LOT SIZE 9.31 ac
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This stunning lakefront property is unlike anything you've ever seen! Sited on 560 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.

LAST UPDATED 5/19/2026 TRACT Spanaway Lake
YEAR BUILT 2001 COMMUNITY Spanaway Lake
COUNTY Pierce STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Spanaway Elem
Jr. High School Spanaway Jnr High
High School Spanaway Lake High


ADDITIONAL DETAILS
AIR Heat Pump
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer, Water Heater
AREA 99 - Spanaway
BASEMENT None
CONSTRUCTION Stone, Stucco, Wood Siding
EXTERIOR Garden
FIREPLACE Yes
GARAGE Attached Garage, Yes
HEAT Electric, Forced Air, Heat Pump, Wood
INTERIOR Bath Off Primary, Dbl Pane/Storm Window, Fireplace, French Doors, Jetted Tub, Second Kitchen, Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
LOT 9.31 acre(s)
LOT DESCRIPTION Cul-de-sac, Paved, Secluded
LOT DIMENSIONS Irregular
MLS STATUS Active
PARKING Attached, RV Access/Parking
SEWER Septic Tank
STORIES 2
STYLE 12 - 2 Story
SUBDIVISION Spanaway Lake
TAXES 32136
VIEW Yes
VIEW DESCRIPTION Lake, Mountain(s)
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Lake, Waterfront

SATELLITE VIEW



 
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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/20/26 3:08 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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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