12117 Interlaaken Drive SW · Lakewood, WA 98498
Source: NWMLS · COMPASS · Mike Larson #NWM2599864
About this home
You'll love this classic brick rambler with a basement in the heart of Lakewood, offering an exceptional opportunity to create something truly special. Situated on an expansive 48,600 sq ft lot (1.11 acres), surrounded by towering oak and fir trees and million-dollar homes on either side, the real value lies in the land, setting, and remarkable potential. The home needs updating and renovation, but its classic character and substantial footprint provide the foundation for an impressive estate-style residence. The partially finished 1,200-square-foot basement offers additional possibilities for expanded living space. The generous lot size may also present opportunities for an accessory dwelling unit (ADU) or potentially two additional residential building sites, subject to zoning, subdivision requirements, and applicable approvals. Buyer to independently investigate and verify all development possibilities to their own satisfaction. The premier location is hard to beat, offering the tranquility of an established residential neighborhood with convenient access to shopping, I-5, schools, and medical facilities. Bring your vision and unlock the possibilities! An opportunity like this is certainly worth a closer look!
Location
Basics
- Property type
- Single Family Residence
- Style
- Mid-Century Modern
- Stories
- 1 story
- Condition
- Average
- Year built
- 1953 (renovated 1981)
- Lot size
- 48,600 sq ft (1.12 acres)
- County
- Pierce
- MLS #
- NWM2599864
Interior
- Heating
- Forced Air
- Cooling
- None
- Flooring
- Laminate, Carpet
- Appliances
- Dishwasher, Microwave, Refrigerator, Stove(s)/Range(s)
- Fireplace
- 1 · Wood Burning
- Interior features
- Built-In Vacuum, Fireplace
- Entry level
- Main
Exterior & lot
- Exterior features
- Brick
- Roof
- Composition
- Foundation
- Poured Concrete
- Lot features
- Paved, Value In Land
- Topography
- Level
- Waterfront
- No
Parking
- Parking spaces
- 8
- Garage
- Yes (attached)
- Covered spaces
- 2
- Parking features
- Attached Garage, RV Parking
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric, Oil
Community & fees
- Subdivision
- Gravelly Lake
- Property tax
- $7,317 (2026)
Transaction
- Price per sq ft
- $240
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Possession
- Closing
More homes nearby
Schools
School district: Clover Park
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Clover Park High SchoolTop 93% in WA

Listing provided courtesy of: COMPASS
Listing agent: Mike Larson.
Based on information submitted to the MLS GRID as of —. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Data last updated 2026-11-02.