12703 Vernon Avenue SW · Lakewood, WA 98498
Source: NWMLS · John L. Scott, Inc. · Spencer Gray #NWM2577615
About this home
Create Your Dream Home by American Lake! A blank canvas in a prime location, this spacious 5-bedroom, 3.5-bath home offers 3,262 sq ft of opportunity just steps from American Lake Park and the boat launch. Largely original and ready for your vision, this property is an exciting chance to transform a well-sized home into something truly special in one of Lakewood’s sought-after lake areas. The main level offers generous living spaces and room to reimagine the layout, finishes and functionality to fit your lifestyle. The large .22-acre lot provides space for outdoor living, gardening, entertaining and more. Best of all, there’s no HOA, giving you greater flexibility to make the property your own. The basement adds exceptional versatility with a potential multifamily or ADU-style setup featuring 1 bedroom, living room, full bathroom, full kitchen and washer/dryer connections, plus additional unfinished space offering even more potential. Whether you envision multigenerational living, guest accommodations, rental income or a private retreat, the possibilities are worth exploring. Enjoy easy access to American Lake Park, the boat launch, recreation, shopping and JBLM. Bring your contractor and determine the possibilities! Sold As Is, May Need A Rehab Loan For Conventional Financing, Offer Review 9/14/26 @ 9am.
Location
Basics
- Property type
- Single Family Residence
- Style
- Traditional
- Stories
- 2 stories
- Condition
- Fixer
- Year built
- 1978
- Building area
- 3,262 sq ft
- Lot size
- 9,600 sq ft (0.22 acres)
- County
- Pierce
- MLS #
- NWM2577615
Interior
- Heating
- Forced Air
- Cooling
- None
- Flooring
- Vinyl, Carpet
- Appliances
- Dishwasher, Refrigerator
- Fireplace
- 2 · Wood Burning
- Interior features
- Second Kitchen, Bath Off Primary, Dining Room, Fireplace, Water Heater
- Entry level
- Main
Exterior & lot
- Exterior features
- Wood, Wood Products
- Roof
- Composition
- Foundation
- Poured Concrete
- Lot features
- Adjacent to Public Land, Corner Lot, Curbs, Dead End Street, Drought Resistant Landscape, Paved, Sidewalk
- Topography
- Level
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 2
- Garage
- Yes (attached)
- Covered spaces
- 2
- Parking features
- Attached Garage, RV Parking
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric, Wood
Community & fees
- Subdivision
- Lakewood
- Property tax
- $5,156 (2026)
Transaction
- Listed on
- Sep 4, 2026
- Days on market
- 11
- Price per sq ft
- $175
- Listing terms
- Cash, Conventional, Rehab Loan
- Possession
- Closing
More homes nearby
Schools
School district: Lakewood
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Lakes High SchoolSchoolDigger 1 star · Top 71% in WA

Listing provided courtesy of: John L. Scott, Inc.
Listing agent: Spencer Gray.
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 2026-09-16.