Gravelly Lake Homes under $1.25 million

Welcome to Gravelly Lake, a hidden gem nestled in the heart of Lakewood, Washington. This picturesque subdivision is not only known for its stunning natural beauty but also for its welcoming community atmosphere. With its serene lakeside views and lush greenery, Gravelly Lake offers a perfect blend of tranquility and modern living.

Homes in this desirable neighborhood are available under $1.25 million, making it an attractive option for families, retirees, and first-time homebuyers alike. Each residence boasts unique architectural styles, spacious layouts, and beautifully landscaped yards that enhance the overall charm of the area. Whether you’re looking for a cozy bungalow or a more expansive family home, Gravelly Lake has something to meet your needs.

The community is known for its friendly neighbors and vibrant lifestyle. Residents enjoy access to various outdoor activities, including boating, fishing, and hiking in nearby parks. The local amenities are just a stone's throw away, with shopping, dining, and entertainment options that cater to every taste and preference.

Gravelly Lake is also conveniently located near major highways, making commuting to Tacoma and Seattle a breeze. The combination of serene living and easy access to urban conveniences makes this subdivision an ideal place to call home.

Discover the charm of Gravelly Lake today, where your dream home awaits amidst stunning landscapes and a warm, inviting community. Don’t miss the opportunity to experience the best of Lakewood living!

Newest Gravelly Lake Homes under $1.25 million

10430 Gravelly Lake Drive SW Unit #42, Lakewood

$199,900

2 Beds ⋅ 2 Baths ⋅ 2596483 MLS ⋅ LE PONCE DE LEON, A CONDOMINIUM BLDG.

Affordable and Retro Cute with some modernization! this Lakewood Condo cannot be beat! WHY rent when you can own? Payments less than rent for most! VA Approved condominium, PRICED RIGHT! Located in the heart of Lakewood, convenient to everything. Across from Lakewood Towne Center, building sits back off Gravelly Lake Drive, Le Ponce de Leon Condo Unit#42 ready to move in now! 1065 square feet, 2 bedrooms, and 2 separate bathrooms. Living room has a beautiful upgraded cozy fireplace and slider to the private back porch fenced backyard. Perfect for entertaining! wall Back of living room is a wall of windows that brings in a lot of natural light. Efficient kitchen with plenty of cabinets and counter space. Large Primary suite with plenty of closet space, and a 3/4 bath. Condo Complex backs to Ponce de Leon Creek and has a nice relaxing open courtyard, outdoor pool, and clubhouse. Your HOA dues of $502/month include water, garbage, and lawn care. Unit #42 has a designated covered parking spot and additional private storage available in the laundry room (right next to your unit). Complex is VA approved. New roof just completed by HOA. Seller paid off the special assessment for the roof!

10430 Gravelly Lake Drive SW Unit #42, Lakewood

$775,000

3 Beds ⋅ 2 Baths ⋅ 2591579 MLS

Full remodel completed in 2026, with timeless character and modern convenience! This charming Colonial has undergone an extensive renovation featuring new plumbing, electrical panel & wiring, tankless water heater, Milgard windows, Trex deck, aluminum deck railing, insulation, LVP flooring, plush carpet, interior doors, interior and exterior paint and mini splits. The stunning new kitchen offers soft-close cabinetry, quartz counters, under-cabinet lighting and new appliances. Even the upstairs bath has been elevated with radiant floor heating and a heated towel bar on a timer! The main level lives like a rambler, with a spacious living room featuring a beautiful wood-burning fireplace, dining room, gorgeous kitchen with breakfast nook overlooking the backyard, ¾ bath and bedroom. Upstairs are two additional bedrooms, a full bath and an adorable bonus space off the bedroom with the built-ins, currently used as a delightful playroom. The finished basement offers a versatile bonus room with electric fireplace and provisions for a full kitchen—perfect for guests or multigenerational living, plus a utility room and patio off the slider. Outside, nearly ¾ acre of fully fenced, park-like grounds await, complete with mature landscaping, gazebo, patio, sprinkler system & drive-through gate. Ideally located in the desirable Gravelly Lake area near the Country Club, golf course, lakes, I-5, JBLM, shopping, dining and medical. A beautifully reimagined home that truly must be seen!

12101 Nyanza Road SW, Lakewood

$799,450

4 Beds ⋅ 3 Baths ⋅ 2582156 MLS ⋅ Madera BLDG.

New Price, re-freshed yard and ready to sell in coveted Madera Gated Community, this home has been remodeled to shine. Sitting on a .4 acres this home features 3000+ sq. ft, 4 generous bedrooms with big closets, and 2.5 baths. New kitchen, quartz countertops, flooring, carpet, and paint inside and out. This Victorian home has everything you are looking for. Close to Lake Steilacoom, American Lake, TCGC, I-5, JBLM, Lakewood town center, this location is unmatched. Rest easy knowing all updates have been made while keeping the character of the original design. This home is move in ready and the community will look forward seeing you on your morning walks around the neighborhood.

11215 Madera Circle SW, Lakewood

$1,199,950

5 Beds ⋅ 4 Baths ⋅ 2545461 MLS ⋅ Griggs Acres BLDG.

Private gated entrance in a sought-after Lakewood neighborhood, this exceptional custom estate by renowned builder Greg Hoover offers timeless craftsmanship and resort-style living. Ideally located just minutes from Gravelly Lake, American Lake, and Tacoma Country & Golf Club, this 5-bedroom, 2 full and 2 half baths home spans 4,023 sqft of living space. The main level features an appointed kitchen, formal living and dining rooms, private office, spacious great room with wet/coffee bar, extensive custom wood casing and trim throughout, and panoramic doors that seamlessly blend indoor and outdoor living. Upstairs, the luxurious primary suite offers a fireplace, spa-inspired 5-piece bath, cedar-lined walk-in closet, and tranquil views of the spectacular backyard. Four additional bedrooms and an expansive bonus room provide exceptional flexibility. Step outside to your own private resort featuring park-like grounds with cascading waterfalls, a pond and stream, lush landscaping, and multiple entertaining spaces. Enjoy year-round swimming in the heated indoor pool with retractable roof, entertain beneath the covered outdoor pavilion complete with a full outdoor kitchen, fireplace, TV, and wired overhead heaters, or host guests in the charming detached guest cottage. Features include a panic room, secure storage room, abundant attic storage, tankless water heater, oversized 3-car garage, and exceptional craftsmanship throughout, making this one-of-a-kind estate.

12222 Gravelly Lake Drive SW, Lakewood

$839,950

6 Beds ⋅ 2 Baths ⋅ 2532876 MLS

Exceptional Adult Family Home investment opportunity! This fully renovated and WABO-certified property is turnkey and ready for operation. Featuring 5 bedrooms, 2 bathrooms, an extra bedroom in the garage.spacious living areas, and tasteful updates throughout, this home combines comfort, functionality, and income potential. The updated kitchen boasts stainless steel appliances and ample space for meal preparation and gathering. Recent improvements include a newer roof, updated windows, and a fully fenced yard with mature fruit trees.Currently configured and approved for Adult Family Home use, this property is ideal for investors, owner-operators, or care providers looking to step into a licensed care facility with room to grow. Conveniently located with easy access to I-5, shopping, medical facilities, schools, and other amenities. Rare opportunity to own a move-in-ready, WABO-certified Adult Family Home in a high-demand market. HOME IS NOT VACANT!!

6425 Nyanza Park Drive SW, Lakewood

$999,000

3 Beds ⋅ 3 Baths ⋅ 2486284 MLS

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.

11724 Madera Drive SW, Lakewood

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Information courtesy of Intermountain Multiple Listing Service. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non‐commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. All listings provided by IMLS are marked with the official IMLS IDX icon.

Gravelly Lake Homes under $1.25 million

Newest Gravelly Lake Homes under $1.25 million

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