NOT LISTED FOR SALE

11407 Gravelly Lake Dr SW Lakewood, WA 98499

South Lakes Neighborhood

Estimated Value: $3,227,000 - $4,587,000

4 Beds
1 Bath
8,296 Sq Ft
$484/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $3,550,000 $428 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $25,150/month

47 Days on Market

Highlights

  • Boathouse
  • In Ground Pool
  • Fruit Trees
  • Docks
  • Lake View
  • Deck

About This Home

As of June 2021

Notable for its world-class architecture, storied past, and resort-like setting, Welcome Acres is a legacy estate nestled on 300 ft of private Gravelly Lake waterfront. Built in 1930 and the longtime home of the Baker family, the mansion was completely renovated in 2016 & blends today’s luxury amenities with bespoke details. The 5.43-acre property is entered via double gates & a long driveway with scenic grounds. An exemplar of the Tudor style, architectural details include leaded glass windows, hardwood floors, wood-burning fireplaces & spectacular oak woodwork. For those seeking an active lifestyle, the estate offers a tennis court, pool & beach + boat house. The compound includes a carriage house with apt & ample areas for telecommuting.

Last Agent to Sell the Property

Tere Foster

COMPASS License #7690 Listed on: 03/17/2021

COMPASS

Last Buyer's Agent

Mark Kitabayashi

Windermere Prof Partners License #50310

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1742737

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,629

Year Built

  • Built in 1930

Lot Details

  • Open Space
  • Street terminates at a dead end
  • Gated Home
  • Property is Fully Fenced
  • Secluded Lot
  • Level Lot
  • Sprinkler System
  • Fruit Trees
  • Garden

Parking

  • Detached Garage

Property Views

  • Lake
  • Territorial

Home Design

  • Tudor Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Shake Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1 Bathroom
  • 7 Fireplaces
  • Finished Basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Boathouse
  • Docks
  • Deck
  • Patio
  • Outbuilding

Utilities

  • The lake is a source of water for the property
  • High Speed Internet
  • Cable TV Available

Community Details

  • Gravelly Lake Community

Listing and Financial Details

  • Assessor Parcel Number 4725002057

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,629

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 15 - Multi Level
  • Architecture: Tudor
  • Approved Accessory Dwelling: Upper
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, Wet Bar, Wine Cellar, Bath Off Master, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, Fireplace In Mstr Br, French Doors, Jetted Tub, Security System, Solarium/Atrium, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet, O
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Bathrooms: 4.75
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Half Bathrooms: 2
  • Main Half Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 7
  • Fireplaces Main: 4
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Family Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 8296
  • Square Footage Finished: 8296

Exterior Features

  • Exterior: Brick, Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Cedar Shake
  • View: Lake, Territorial
  • Waterfront: Bank-Medium, Lake, No Bank
  • Waterfront Frontage: 300
  • Pool: In-Ground

Garage/Parking

  • Parking Type: Garage-Detached, K
  • Total Covered Parking: 6

Utilities

  • Heating And Cooling: Central A/C, Forced Air, Heat Pump, 90%+ High Efficiency, Tankless Water Heater
  • Power Company: PSE
  • Sewer: Sewer Connected
  • Sewer Company: Lakewood Water
  • Water Company: Lakewood Water
  • Water Heater: Lower level-Tankless
  • Water Source: Public, Lake

Condo/Co-op/Association

  • Community Name: Gravelly Lake
  • Project: Interlaaken

Schools

  • Elementary School: Idlewild Elem
  • Middle School: Lochburn Mid
  • High School: Clover Park High
  • School District: CLP

Lot Info

  • Lot Details: Dead End Street, Open Space, Paved Street, Secluded
  • Lot Sq Ft: 236668
  • Lot Topography Vegetation: Fruit Trees, Garden Space, Level, Sloped
  • Parcel Number: 4725002057
  • Lot Topography: Fruit Trees, Garden Space, Level, Sloped

Tax Info

  • Tax Amount: 31364

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2024
Sold by
Hyde Charlie
Bought by
Hyde Trust and Hyde
Total Days on Market
47
Current Estimated Value
$4,011,892

Purchase Details

Closed on
Nov 3, 2022
Sold by
Bevand Marc Ronald and Bevand Lauren Hitomi
Bought by
Hyde Charlie

Purchase Details

Listed on
Mar 17, 2021
Closed on
May 27, 2021
Sold by
Lregui Manuel G and Lregui Chiarina M
Bought by
Bevand Marc Ronald and Bevand Lauren Hitomi
Seller's Agent
Tere Foster
COMPASS
Buyer's Agent
Mark Kitabayashi
Windermere Prof Partners
List Price
$3,580,000
Sold Price
$3,550,000
Premium/Discount to List
-$30,000
-0.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.04%

Purchase Details

Closed on
Apr 14, 2017
Sold by
Acfc Holdings Llc
Bought by
Iregui Manuel G and Iregui Chiarina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,605,496
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2016
Sold by
Huntington Doug and Huntington Laura
Bought by
Acfc Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,370,000
Interest Rate
3.92%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 10, 2014
Sold by
Huntington Douglas and Huntington Laura R
Bought by
Acfc Holdings Llc

Purchase Details

Closed on
Jun 6, 2005
Sold by
Stewart Sean
Bought by
Huntington Doug and Huntington Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.72%
Mortgage Type
Unknown

Purchase Details

Closed on
May 20, 2004
Sold by
Stewart Lynda
Bought by
Stewart Sean and Lynda Stewart Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hyde Trust -- None Listed On Document
Hyde Trust -- None Listed On Document
Hyde Charlie -- Fidelity National Title
Bevand Marc Ronald $3,550,000 Chicago Title Company Of Wa
Iregui Manuel G $2,899,719 Attorneys Title
Acfc Holdings Llc $1,370,000 None Available
Acfc Holdings Llc $621,000 None Available
Huntington Doug $2,400,000 Fidelity National Title Co
Stewart Sean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Iregui Manuel G $2,605,496
Previous Owner Iregui Manuel G $43,307
Previous Owner Acfc Holdings Llc $1,370,000
Previous Owner Acfc Holdings Llc $909,837
Previous Owner Huntington Douglas $700,000
Previous Owner Huntington Douglas A $100,000
Previous Owner Huntington Douglas A $750,000
Previous Owner Huntington Doug $1,440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $3,550,000 -0.8% $428 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $3,580,000 0.0% $432 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $3,580,000 0.0% $432 / Sq Ft
03/25/2021 03/25/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $3,580,000 -- $432 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $34,629 $3,106,400 $1,355,600 $1,750,800
2023 $34,629 $3,216,300 $1,612,100 $1,604,200
2022 $33,735 $3,460,200 $1,757,200 $1,703,000
2021 $34,537 $2,671,400 $1,346,100 $1,325,300
2019 $24,593 $2,341,400 $1,112,400 $1,229,000
2018 $31,228 $2,054,600 $933,000 $1,121,600
2017 $27,171 $2,105,800 $975,900 $1,129,900
2016 $27,650 $1,288,900 $761,400 $527,500
2014 $25,496 $1,743,200 $761,400 $981,800
2013 $25,496 $1,714,800 $761,400 $953,400
Source: Public Records

Agents Affiliated with this Home

  • Tere Foster

    Seller's Agent in 2021

    Tere Foster

    COMPASS

    (425) 637-8373

    1 in this area

    404 Total Sales

    Tere Foster
    Section Image
  • Mark Kitabayashi

    Buyer's Agent in 2021

    Mark Kitabayashi

    Windermere Corporate

    (360) 888-2210

    1 in this area

    46 Total Sales

    Mark Kitabayashi
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1742737

Northwest Multiple Listing Service (NWMLS)

APN: 472500-2057

Washington Pierce County Lakewood 98499 South Lakes

11407 Gravelly Lake Dr SW, Lakewood, WA

This home is located at 11407 Gravelly Lake Dr SW, Lakewood, WA 98499 since 17 March 2021 and is currently estimated at $4,011,892, approximately $483 per square foot. This property was built in 1930. 11407 Gravelly Lake Dr SW is a home located in Pierce County with nearby schools including Idlewild Elementary School, Hudtloff Middle School, and Clover Park High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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