8406 Paine Street SW · Lakewood, WA 98499
Source: NWMLS · Redfin · Graham Raymond Northcott #NWM2540603
About this home
Exceptional and truly one-of-a-kind property offering a rare combination of space, flexibility, and functionality. Situated on a large lot with the added benefit of a private well, this home features generously sized rooms throughout, providing a comfortable and open living environment. The spacious primary suite is conveniently located on the main level, offering ease of access and privacy. A centrally located bonus room serves as an ideal gathering space for entertaining guests, hosting events, or creating a recreation area. The upper level includes a bedroom, a finished bonus room, a ¾ bathroom, and a full kitchen. This versatile space can be utilized as an additional dwelling unit, offering excellent potential for multi-generational living or guest accommodations. Outside, you'll find detached parking and an impressive oversized workshop, perfect for hobbyists, craftspeople, vehicle enthusiasts, or anyone in need of substantial workspace and storage. The home also features a partial unfinished basement with a second fireplace, providing additional storage and future expansion possibilities. Conveniently located near shopping, dining, schools, and major transportation routes, this unique property offers endless opportunities to make it your own.
Location
Basics
- Property type
- Single Family Residence
- Style
- 2 Stories w/Bsmnt
- Stories
- 2 stories
- Condition
- Very Good
- Year built
- 1941
- Lot size
- 16,553 sq ft (0.38 acres)
- County
- Pierce
- MLS #
- NWM2540603
Interior
- Heating
- Forced Air
- Cooling
- None
- Flooring
- Engineered Hardwood, Vinyl, Carpet
- Appliances
- Dishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Washer
- Fireplace
- 3 · Electric, Wood Burning
- Interior features
- Second Kitchen, Second Primary Bedroom, Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, Fireplace (Primary Bedroom), Sauna, Skylight(s), Water Heater
- Entry level
- Main
Exterior & lot
- Exterior features
- Brick, Wood
- Roof
- Composition, Flat
- Foundation
- Poured Concrete
- Lot features
- Paved
- Topography
- Level
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 7
- Carport
- Yes
- Covered spaces
- 1
- Parking features
- Detached Carport, Driveway, Off Street, RV Parking
Utilities
- Water
- Individual Well
- Sewer
- Sewer Connected
- Power
- Electric, Natural Gas
Community & fees
- Subdivision
- Lakewood
- Property tax
- $5,823 (2025)
Transaction
- Original list price
- $675,000 (5.2% price cut)
- Listed on
- Jun 18, 2026
- Days on market
- 98
- Price per sq ft
- $226
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Possession
- Closing
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2026-06-18
- Active$639,950
- 2010-12-30
- Sold$166,591
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: Redfin
Listing agent: Graham Raymond Northcott.
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 2026-09-10.