823 173rd Street S, Spanaway, WA 98387

• 3 beds |
• 3 baths |
• 1,900 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

September 5, 2026 at 2:22PM

Listing Office:

COMPASS : 425-637-7777

Listing Agent:

Josiah Willis : 425-637-7777

MLS ID:

2575872

Interior

• General: Bath Off PrimaryDbl Pane/Storm WindowFrench DoorsWater Heater
• Appliances: DishwasherDryerMicrowaveRefrigeratorStove(s)/Range(s)Washer
• Basement: None
• Flooring: Ceramic TileHardwood
• A/C: Central Air
• Heating: Forced AirHeat Pump
• Fireplace: Fireplaces: 0

Exterior

• General: WoodWood Products
• Parking: DrivewayAttached GarageRV ParkingParking spaces: 2

Construction

• Roofing: Composition
• General: OnePoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Bethel
• County: Pierce

Lot

• Topography: LevelPartial Slope
• Zoning: 0319294130
• View: LakeTerritorialView
• Waterfront: 98

Utilities

• Water: Individual Well
• Sewer: AvailableSeptic Tank

Financial

• Source: nwmls