Rarely does an opportunity like this present itself on coveted Lake Tapps. Situated on two tax parcels within the desirable Lakeridge community, this exceptional waterfront homestead offers a rare combination of privacy, protected swimming waters, and expansive lake views. Spanning a combined .61 acres with 110 feet of level, low-bank frontage, the setting is truly unmatched.The thoughtfully updated 3,408-square-foot home is designed with flexibility in mind, offering 3 bedrooms plus 3 additional finished rooms—each with walk-in closets—creating an ideal layout for multi-generational living, guest accommodations, or work-from-home versatility. Formal living and dining spaces provide timeless elegance, while the spacious rec room with wet bar invites effortless entertaining. The inviting family room flows seamlessly into a beautifully remodeled kitchen, creating a natural gathering space at the heart of the home.A charming wraparound porch welcomes you, while recent updates—including new windows and furnace—add comfort and peace of mind. Outdoors, the lifestyle truly shines. Enjoy year-round entertaining on the covered deck, along with a sport court, gazebo, patio, and multiple outbuildings. The private bulkhead, dock, and boat lift complete this ultimate waterfront experience.An oversized 1,120 sq ft detached garage plus additional parking provide ample space for all your toys. Ideally located near schools, commuter routes, and offering access to Jenks Park.
Pending
Listed by: eXp Realty • Kimberly Fraser
Price cut: $99K (4/24)
$1,499,000
4217 Lakeridge Drive E, Lake Tapps, WA 98391
3beds
3,408sqft
Single Family Residence
Built in 1978
0.84 Acres Lot
$1,461,000 Zestimate®
$440/sqft
$42/mo HOA
What's special
Multiple outbuildingsNew windowsSport courtExceptional waterfront homesteadProtected swimming watersExpansive lake viewsCharming wraparound porch
- 98 days |
- 118 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Kimberly Fraser,
eXp Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2501477
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Second
Bedroom
- Level: Second
Bedroom
- Level: Second
Bathroom full
- Level: Second
Bathroom full
- Level: Second
Bathroom three quarter
- Level: Lower
Other
- Level: Lower
Other
- Level: Main
Bonus room
- Level: Lower
Den office
- Level: Second
Dining room
- Level: Main
Entry hall
- Level: Main
Family room
- Level: Main
Kitchen with eating space
- Level: Main
Living room
- Level: Main
Rec room
- Level: Lower
Other
- Level: Lower
Utility room
- Level: Main
Heating
- Fireplace, 90%+ High Efficiency, Forced Air, Heat Pump, Natural Gas
Cooling
- Forced Air, Heat Pump, None
Appliances
- Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s)
Features
- Bath Off Primary, Ceiling Fan(s), Dining Room
- Flooring: Ceramic Tile, Engineered Hardwood, Carpet
- Windows: Dbl Pane/Storm Window
- Basement: Daylight,Finished
- Number of fireplaces: 2
- Fireplace features: Gas, Lower Level: 1, Main Level: 1, Fireplace
Interior area
- Total structure area: 3,408
- Total interior livable area: 3,408 sqft
Video & virtual tour
Property
Parking
- Total spaces: 5
- Parking features: Detached Garage, RV Parking
- Has garage: Yes
- Covered spaces: 5
Features
- Levels: Two
- Stories: 2
- Entry location: Main
- Patio & porch: Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Walk-In Closet(s), Wet Bar
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Low Bank, Bulkhead, Lake
- Frontage length: Waterfront Ft: 120
Lot
- Size: 0.84 Acres
- Features: Paved, Athletic Court, Cabana/Gazebo, Cable TV, Deck, Dock, Dog Run, High Speed Internet, Outbuildings, Patio, RV Parking, Sprinkler System
- Topography: Level,Partial Slope,Terraces
Details
- Parcel number: 5065200020
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: 2 Stories w/Bsmnt
- Property subtype: Single Family Residence
Materials
- Metal/Vinyl
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1978
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Public, Company: City of Bonney Lake
- Utilities for property: Comcast, Comcast
Community & HOA
Community
- Features: Athletic Court, Boat Launch, Park, Playground
- Subdivision: Lakeridge
HOA
- HOA fee: $501 annually
Location
- Region: Lake Tapps
Financial & listing details
- Price per square foot: $440/sqft
- Tax assessed value: $1,503,100
- Annual tax amount: $18,781
- Date on market: 4/9/2026
- Cumulative days on market: 93 days
- Listing terms: Conventional,FHA,VA Loan
- Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Estimated market value
$1,461,000
$1.39M - $1.53M
$3,805/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2026 | Pending sale | $1,499,000$440/sqft |
Source:  NWMLS as distributed by MLS GRID #2501477 Report a problem | ||
| 4/24/2026 | Price change | $1,499,000-6.2%$440/sqft |
Source: NWMLS as distributed by MLS GRID #2501477 Report a problem | ||
| 4/3/2026 | Listed for sale | $1,598,000+7890%$469/sqft |
Source: NWMLS as distributed by MLS GRID #2501477 Report a problem | ||
| 1/1/1977 | Sold | $20,000$6/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $17,519 +20.1% | $1,503,100 +8.4% |
| 2023 | $14,588 -0.6% | $1,386,200 -3.9% |
| 2022 | $14,677 -1.3% | $1,443,200 +17.4% |
| 2021 | $14,863 +38.1% | $1,228,800 +34.9% |
| 2019 | $10,765 -6% | $910,700 +9% |
| 2018 | $11,455 +14.9% | $835,300 +6.6% |
| 2017 | $9,969 +11.9% | $783,300 +30.9% |
| 2016 | $8,910 | $598,300 -0.1% |
| 2014 | $8,910 +2.5% | $598,700 +14.5% |
| 2013 | $8,694 | $522,700 -3.3% |
| 2012 | -- | $540,700 -9.2% |
| 2011 | -- | $595,300 -0.3% |
| 2010 | -- | $597,300 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 98391
Nearby schools
GreatSchools rating
- 9/10Crestwood Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 9/10Lakeridge Middle SchoolGrades: 6-8Distance: 1.2 mi
- 7/10Sumner Senior High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Middle: Lakeridge Middle
- High: Sumner Snr High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Washington
- Pierce County
- Bonney Lake
- 98391
- 4217 Lakeridge Drive E
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