Lake Park Real Estate

Welcome to Lake Park, a hidden gem nestled in the heart of Spanaway, Washington. This charming neighborhood offers a perfect blend of natural beauty and community spirit, making it an ideal place to call home. Surrounded by picturesque landscapes, Lake Park is known for its stunning views of lush greenery and the serene waters of nearby lakes.

Residents of Lake Park enjoy a tranquil lifestyle, with plenty of recreational opportunities right at their doorstep. The area is dotted with parks, walking trails, and picnic spots, perfect for family outings or peaceful afternoons spent in nature. The nearby Spanaway Lake Park is a popular destination for fishing, boating, and swimming, offering a refreshing escape during the warmer months.

Community is at the heart of Lake Park, where friendly neighbors and local events foster a welcoming atmosphere. The neighborhood is home to various amenities, including cozy cafes, local shops, and essential services, ensuring that everything you need is just a short drive away. Families will appreciate the quality schools in the area, which provide a strong educational foundation for children of all ages.

Conveniently located near major highways, Lake Park offers easy access to the vibrant cities of Tacoma and Seattle, making it a great choice for commuters who desire a peaceful retreat after a busy day. With its idyllic surroundings, strong sense of community, and proximity to urban conveniences, Lake Park truly embodies the best of suburban living in Washington. Come explore this enchanting neighborhood and discover your perfect home!

Newest Listings in Lake Park

$999,990

3 Beds ⋅ 3 Baths ⋅ 2581659 MLS ⋅ ACTIVE Status

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.

823 173rd Street S, Spanaway

Listing courtesy of COMPASS.

Start Your Search

Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.