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1052 E Mason Lake Drive W, Grapeview, WA, 98546

5beds
2baths
1,855sqft
$12,980,000
$6,997price/sqft
$78,692/moest. monthly cost
$3,147,680/yrincome needed

About This Home

A once-in-a-lifetime opportunity to own Mason Lake's most iconic waterfront property. Spanning 47 acres with 3,200 feet of shoreline, this one-of-a-kind legacy estate offers the scale, privacy, and natural beauty that rarely become available. Fish-bearing Shumacher Creek winds through 12 acres of old-growth forest, crossing beneath a classic national park-style wooden vehicle bridge and separate pedestrian bridge before flowing into the lake. The waterfront is built for generations to enjoy, with a private boat launch, launch dock, five personal docks, a swim pier, and a sandy beach. Beyond the shoreline, the property features a large level play field, three picnic shelters, and a spacious beachfront picnic shelter with an attached kitchen, creating the perfect setting for gatherings with those you cherish the most, community events, celebrations, and outdoor recreation. An existing 85-site campground includes two residential structures, a small office building, multiple restroom buildings, and additional picnic shelters, providing immediate functionality while preserving exceptional future potential. Zoned RR-5 (Rural Residential), the property allows a variety of uses, including single-family residential, hobby farms, group homes, and community or recreation facilities. Whether preserved as an irreplaceable estate, thoughtfully enhanced, or reimagined for future generations, opportunities of this size and significance anywhere in the US are exceptionally rare.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
8
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1975

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Siding,Wood Products

Notable Dates

  • Major remodel year: 1959

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cabin,1 Story
  • Property subType: Single Family Residence

Interior

Basement

  • Basement: None

Bathroom Full

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Entry Hall

  • Level: Main

Heating & Cooling

  • Heating features: See Remarks,Electric,Wood
  • Cooling features: None

Interior Area

  • Total structure area: 1,107
  • Total interior livable area: 1,855 sqft

Kitchen Without Eating Space

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 221073000010
  • Zoning: RR-5
  • Zoning description: Jurisdiction: County
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Has view: Yes
  • View description: Lake,Mountain(s),Territorial
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Low Bank,Creek,Lake,No Bank
  • Frontage length: Waterfront Ft: 3200
  • Topography of land: Level,Partial Slope
  • Residential vegetation: Garden Space,Wooded

Lot

  • Lot size: 47.97 Acres
  • Features: Open Lot,Paved,Value In Land,Cabana/Gazebo,Deck,Dock,Fenced-Partially,Gated Entry,Moorage,Outbuildings,Patio,RV Parking
  • Lot size dimensions: Irregular

Parking

  • Parking features: Driveway,Off Street,RV Parking

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
Coastal Flooding
Inland Flooding
Landslide
Winter Weather

FEMA Declared Disasters in Mason County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $65,633$787,596
Home Insurance *$3,028$36,336
Property Taxes $9,882$118,584
Electricity $149$1,793
Total$78,692$944,304
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$2,698,011/yr
40% on housing$2,360,760/yr
45% on housing$2,098,453/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.9%
11.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.9%
2.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$6,997This listing

vs Other Active Listings

Avg $/sqft

ZIP 98546$341
Mason County$234

vs Homes Sold Last Month

Median $/sqft

ZIP 98546$379
Mason County$302

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-05Listed for sale$12,980,000
2014-11-26Sold$119,921

For Sale by Agent

AgentChristopher P Murphy
BrokerageCOMPASS

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