823 173rd Street S, Spanaway, WA 98387
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: josiah willis
Office: compass
MLS#:2567698
Source:NWMLS
823 173rd Street S,Spanaway, WA 98387
$1,149,000
- 3 Beds
- 3 Baths
- 2,620 sq. ft.
- Single family
- Active
Price summary
- Price:$1,149,000
- Price per sq. ft.:$604.74
About this home
A rare opportunity on Spanaway Lake—where lifestyle, legacy and development potential converge. Set on an oversized ~0.87-acre waterfront parcel with nearly 100 feet of lake frontage, this property offers a level of scale and flexibility seldom found along the lake. Nearly double the size of nearby parcels, this exquisite parcel boasts an existing single-family home that sits near the OHWM and captures sweeping 180° lake views from inside, creating an immediate emotional connection to the water, while a separate 1-bedroom, 1-bath DADU adds guest, rental or multigenerational flexibility. For recreation buyers, this is a chance to own a substantial private lake property with room to create a true waterfront retreat. For investors and developers, the upside may be equally compelling: Urban Corridor (UCOR) zoning, significant parcel depth, and preliminary County discussions indicating potential paths for attached housing, townhomes or multifamily redevelopment, subject to shoreline, critical-area, sewer and land-use approvals (Buyer to Verify). County staff has also identified a gravity sewer connection up the street, providing a possible infrastructure path for future intensification. Large waterfront parcels with this combination of views, frontage, existing improvements, income potential and redevelopment optionality are increasingly difficult to find. Preserve it, enhance it, or explore what comes next—this is a property with the ingredients to become something exceptional....
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Home facts
- Year built:1975
- Subdivision & Development:Lake Park
- Listing ID #:2567698
- Updated:August 14, 2026 at 12:07 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Flooring:Ceramic Tile Floor, Hardwood
- Kitchen Description:Dishwasher, Microwave, Refrigerator
- Bedroom Description:Main Level Bedrooms : 3
- Basement:Yes
- Living area:2,620 sq. ft.
Heating and cooling
- Heating:Forced Air, Heat Pump
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1975
- Building area:2,620 sq. ft.
- Lot area:0.87 Acres
- Lot Features:Paved, Secluded, Value In Land
- Construction Materials:Wood Exterior Finish, Wood Products Exterior Finish
- Exterior Features:Deck, Dock
- Foundation Description:None
- Levels:1 Story
Schools
- High school:Buyer To Verify
- Middle school:Buyer To Verify
- Elementary school:Buyer To Verify
Utilities
- Water:Individual Well
- Sewer:Available, Septic Tank
Finances and disclosures
- Price:$1,149,000
- Price per sq. ft.:$604.74
- Tax amount:$10,107 (2026)
Features and amenities
- Appliances:Dishwasher, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:Dock, French Doors, Water Heater
Parking
- Total parking spaces:2
- Parking description:Attached Garage, Driveway, RV Parking
- Garage:Yes
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