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    11623 Madera Gardens Dr, Unit 2 Lakewood, WA 98499

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    For Sale
    $635,000

    South-facing waterfront lot with new home design on Gravelly Lake.

    Lot size:
    0.43 Acres

    Property Features for 11623 Madera Gardens Dr

    General Information

    Lot size
    0.43 Acres
    Source: Corcoran

    Listing Agent: Connie Z Qian

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Lot on Gravelly Lake

    This is a 18,916 square foot south-facing modern waterfront property located on Gravelly Lake in Lakewood, WA. The vacant lot offers lake views. A 4,479 square foot new home design is available, featuring 6 bedrooms and 4.5 baths. Common gardens and outdoor spaces are maintained for leisure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.5274443
    Latitude
    47.1514546

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    FAQs

    What type of property is this?
    Residential land & home lot - South-facing waterfront lot with new home design on Gravelly Lake.
    Where is this residential land & home lot located?
    The property is located at 11623 Madera Gardens Dr, Unit 2 Lakewood, WA.
    What is the asking price?
    The asking price for this property is $635,000.
    What are key features of this property?
    This property features: - 103' South-facing waterfront property on Gravelly Lake.; - Generous 18,916 SF vacant lot with stunning lake views.; - Spacious 4,479 SF new home design with 6 bedrooms and 4.5 baths.
    (425) 242-6440
    Request Owner's contact information
    11623 Madera Gardens Dr, Unit 2 Lakewood, WA 98499
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    Lakewood, WA 98499
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11623 Madera Gardens Dr, Unit 2 Lakewood, WA 98499
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