Property Details
823 173rd Street S
Spanaway, WA 98387
$1,149,000
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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.
Property Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Active
County
Pierce
Neighborhood
Lake Park
Listed
Aug 11, 2026
Structure Type
House
Parcel Number
0319294130
Tax & HOA
Annual Property Tax
$10,107 (2026)
Est. Monthly Tax
$842/mo
Interior Features
Bedrooms
3
Bathrooms
2.5
Half Baths
1
Living Area
1,900 sq ft
Basement
None
Entry Level
Main
Interior Features
Bath Off Primary, Dbl Pane/Storm Window, French Doors, Water Heater
Exterior & Lot
Lot Size
0.87 sqft
Year Built
1975
Exterior Materials
Wood
Parking
Driveway, Attached Garage, RV Parking
Sewer
Available, Septic Tank
Water Source
Individual Well
Lot Features
Paved, Secluded, Value In Land
Exterior Features
Wood, Wood Products
Community & Access
Directions
From Pacific Avenue, go west on 173rd St. Property is on the right off a private driveway with address markers at the road.
Location
City
Spanaway
County
Pierce
Coordinates
47.10153, -122.44365
Schools
School District
Bethel
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Additional Information
Tax Year
2026
Annual Taxes
$10,107
Possession
Array
Inclusions
Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
Mortgage Calculator
Estimated Monthly Payment
$0
Down Payment
$0
Loan Amount
$0
Provided by Beyond Real Estate, LLC
Based on information submitted to the MLS GRID as of August 12, 2026 3:30 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
