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11724 Madera Drive SW, Lakewood, WA, 98499

3beds
3baths
2,528sqft
$999,000
$395price/sqft
$6,346/moest. monthly cost
$253,840/yrincome needed

About This Home

Experience the pinnacle of refined, SINGLE-LEVEL living in the exclusive gated enclave of MADERA. This meticulously maintained residence showcases true one-story functionality paired with sophisticated upgrades and unmistakable pride of ownership. A grand double-door entry welcomes you into a light-filled living room anchored by a charming gas fireplace. The formal dining room flows seamlessly into the heart of the home: an open-concept kitchen featuring brand-new appliances and a versatile "working butler’s pantry" designed as a coffee bar or dedicated workstation.The kitchen overlooks a spacious family room, highlighted by a second cozy gas fireplace with a custom reclaimed beam mantle. The layout is thoughtfully designed with a private bedroom wing. The primary suite serves as a serene retreat, offering views of the rear grounds and an ensuite bath featuring a private sauna with a new heater. Outside, the living spaces are exceptional, boasting an oversized composite deck, a built-in water feature, and a dedicated TV viewing area. The rear yard has been reimagined with custom stone wall, terraces, and fire pit.High-value updates include a 2022 roof, custom shutters, new carpeting, and modern AC. Located moments from the TACOMA COUNTRY AND GOLF CLUB, Town Center, and easy freeway access, Madera offers a unique lifestyle in a secure, private setting. Discover your new lifestyle today.

Getting Around

27
WalkingCar-Dependent
0
TransitVery Limited Transit
31
BikeSomewhat Bikeable

Schools

2/10
5/10
3/10
Clover Park High SchoolGrades 9-120.5 mi

Construction

Condition

  • Property condition: Very Good
  • Year built: 1981

Materials

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

Notable Dates

  • Major remodel year: 1995

Type & Style

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

Interior

Appliances

  • Appliances included: Refrigerator(s),Stove(s)/Range(s)

Basement

  • Basement: None

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

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

Features

  • Bath Off Primary,Sauna
  • Window features: Dbl Pane/Storm Window,Skylight(s)
  • Flooring: Hardwood,Slate,Carpet
  • Number of fireplaces: 2
  • Fireplace features: Gas,Main Level: 2,Fireplace
  • Fireplace: Yes

Great Room

  • Level: Main

Heating & Cooling

  • Heating features: Fireplace,Forced Air,Electric
  • Cooling features: Forced Air,HEPA Air Filtration

Interior Area

  • Total structure area: 2,528
  • Total interior livable area: 2,528 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Other

  • Level: Main

Utility Room

  • Level: Main

Property

Details

  • Parcel number: 5403500160
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Bath Off Primary,Dbl Pane/Storm Window,Fireplace,Sauna,Security System,Skylight(s),Vaulted Ceilings,Walk-In Closet(s)
  • Topography of land: Level,Terraces

Lot

  • Lot size: 0.41 Acres
  • Features: Paved,Cable TV,Deck,Fenced-Partially,Gas Available,Gated Entry,High Speed Internet,Irrigation,Outbuildings,Outdoor Fireplace,Patio,Sprinkler System

Parking

  • Total spaces: 2
  • Parking features: Driveway,Attached Garage,Off Street
  • Has garage: Yes
  • Covered spaces: 2

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
    EarthquakeVery High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding
Lightning

FEMA Declared Disasters in Pierce 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 $5,051$60,612
Home Insurance *$280$3,360
Property Taxes $843$10,116
Electricity $172$2,075
Total$6,346$76,152
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$217,577/yr
40% on housing$190,380/yr
45% on housing$169,226/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: 9.9%
9.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$395This listing

vs Other Active Listings

Avg $/sqft

ZIP 98499$243
Pierce County$262

vs Homes Sold Last Month

Median $/sqft

ZIP 98499$295
Pierce County$312

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)

Price History

DateEventPrice
2026-03-05Listed for sale$999,000
2019-07-22Sold$545,000
2019-06-12Pending sale$539,900
2019-05-29Listed for sale$539,900
2017-12-13Listing removed$529,900
2017-11-11Price change$529,900
2017-10-25Price change$539,900
2017-10-13Listed for sale$550,000
2006-09-21Sold$524,250
2000-09-29Sold$315,000

For Sale by Agent

AgentMichael Morrison
BrokerageMorrison House Sotheby's Intl

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