Listed by Keller Williams Rty Tacoma, Bought with Windermere RE Magnolia
$1,798,000
SOLD JUN 10, 2025

5540 & 5550 E Mason Lake Dr W Grapeview, WA 98546

3 Beds
3 Baths
2,606 Sq Ft
0.9 Acres

Recently Sold

$690 Per Sq Ft

9% Above List Price

12 Days on Market

Highlights

  • 134 Feet of Waterfront
  • Community Boat Launch
  • RV Access or Parking
  • Docks
  • Spa
  • Lake View

About This Home

As of June 2025

Your own waterfront resort! 2 homes on 2 lots on shy acre with 134’ of watrfrnt w/ 2 docks. 3 units w/ kitchens & baths, 2 bunkhouses, gym, office, hot tub, waterfront lounge with fireplace and bar, covered pavilion with kitchen, dining, pizza oven and movie projector, garage w/RV door and tons of parking. This is a unique multi-family compound with 15 beds that can sleep 20 guests. Every space is well stocked and designed to create the ultimate lake lifestyle. All furniture and decor included as well as 6,000lb boat lift, 8 kayaks, 2 paddle boards and lake necessities like towels, life jackets and water toys. Location is a no-wake zone, ideal for swimming, and close to boat launch, pickleball courts, ATV & walking trails. See virtual tour!

Last Agent to Sell the Property

Chad Hauer

Keller Williams Rty Tacoma License #19004 Listed on: 04/17/2025

Keller Williams Rty Tacoma

Last Buyer's Agent

Patty Groesbeck

Windermere RE Magnolia License #8131

Windermere RE Magnolia

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2359742

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,864

Year Built

  • Built in 1976

Lot Details

  • 0.9 Acre Lot
  • Lot Dimensions are 134' x 365' x 118' x 342'
  • 134 Feet of Waterfront
  • Lake Front
  • Gated Home
  • Brush Vegetation
  • Terraced Lot
  • Wooded Lot
  • Garden
  • 222335100102
  • Value in Land

Parking

  • 4 Car Detached Garage
  • Attached Carport
  • Driveway
  • RV Access or Parking

Home Design

  • Split Foyer
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,606 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Electric Fireplace
  • French Doors
  • Dining Room
  • Vinyl Plank Flooring
  • Lake Views
  • Natural lighting in basement

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Spa
  • Bulkhead
  • Docks
  • Deck
  • Patio
  • Gazebo
  • Outbuilding

Utilities

  • Baseboard Heating
  • Well
  • Water Heater
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 222335100101

Community Details

Overview

  • No Home Owners Association
  • Mason Lake Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Boat Launch
  • Sport Court
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,864

Year Built

Built in 1976

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1976
  • Inclusions: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 2606
  • SeniorExemption: false
  • Special Features: VirtualTour
  • Cumulative Days on Market: 56

Interior Features

  • Fireplaces: 2
  • Basement: Daylight
  • Private Spa: Yes
  • Appliances: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Three Quarter Bathrooms: 3
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Split
  • Fireplace Features: Electric, Wood Burning
  • Fireplace: Yes
  • Flooring: Vinyl Plank
  • Interior Amenities: Double Pane/Storm Window, Dining Room, Fireplace, French Doors, Security System, Water Heater
  • Living Area: 2606
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Bathrooms: 2.25
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 2606
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 2
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • FireplacesLower: 1
  • NWM_NumberOfShowers: 3

Exterior Features

  • Roof: Composition
  • View: Lake
  • Lot Features: Value In Land
  • View: Yes
  • Waterfront Features: Low Bank, Bulkhead, Lake
  • Waterfront: Yes
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Block
  • Structure Type: House
  • WaterfrontFootage: 134'

Garage/Parking

  • Attached Garage: No
  • Carport Y N: Yes
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Carport, Driveway, Detached Garage, RV Parking
  • Total Parking Spaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Security: Security Gate, Security System
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PUD #3
  • SewerCompany: Septic
  • WaterCompany: Well
  • WaterHeaterLocation: lower kitchen
  • WaterHeaterType: electric
  • InternetConnected: Astound

Condo/Co-op/Association

  • Community Features: Athletic Court, Boat Launch, Club House, Trail(s)
  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Grapeview #54

Lot Info

  • Parcel Number: 222335100101
  • Topography: Sloped,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.901
  • Lot Size: 134' x 365' x 118' x 342'
  • Lot Size Sq Ft: 39248
  • Additional Parcels Description: 222335100102
  • Zoning: residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cabana/Gazebo,Deck,Dock,Gated Entry,High Speed Internet,Hot Tub/Spa,Moorage,Outbuildings,Patio,RV Parking,Shop
  • MLSLotSizeSource: County
  • MLSSquareFootageSource: Seller Measurements (see supplement)
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7864

Multi Family

  • EnergySource: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2025
Closed on
Jun 10, 2025
Sold by
Crumb Janine
Bought by
Hancock Chelsey and Hancock Owen
Seller's Agent
Chad Hauer
Keller Williams Rty Tacoma
Buyer's Agent
Patty Groesbeck
Windermere RE Magnolia
List Price
$1,650,000
Sold Price
$1,798,000
Premium/Discount to List
$148,000
8.97%
Total Days on Market
12
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-96.79%
Original Mortgage
$938,360
Outstanding Balance
$938,360
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$64,987

Purchase Details

Closed on
May 20, 2021
Sold by
Ellefson Brian
Bought by
Crumb Janine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,800
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2018
Sold by
Fischer Barry L and Fischer Duanne A
Bought by
Ellefson Brian and Crumb Janine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $1,172,950 Aegis Land Title
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $500,281 Olympic Title & Escrow
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $938,360 New Conventional
Previous Owner $513,800 New Conventional
Previous Owner $200,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Sold $1,798,000 +9.0% $690 / Sq Ft
04/29/2025 04/29/25 Pending -- -- --
04/17/2025 04/17/25 For Sale $1,650,000 -- $633 / 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
2025 $4,426 $638,920 $226,645 $412,275
2023 $4,426 $540,790 $215,855 $324,935
2022 $4,355 $496,685 $223,825 $272,860
2021 $4,193 $496,685 $223,825 $272,860
2020 $3,783 $448,030 $257,270 $190,760
2018 $3,688 $316,180 $196,710 $119,470
2017 $3,359 $316,180 $196,710 $119,470
2016 $3,299 $299,830 $183,840 $115,990
2015 $3,335 $293,145 $170,575 $122,570
2014 -- $293,145 $170,575 $122,570
2013 -- $293,145 $170,575 $122,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2359742

Northwest Multiple Listing Service (NWMLS)

APN: 22233-51-00101