8865 Gramercy Place SW

Lakewood, WA98498

Set along 160 feet of coveted no-bank shoreline, this exceptional Lake Steilacoom estate presents a rare opportunity to own a true legacy waterfront property. Perfectly positioned on a sprawling .62-acre lot, the home captures uninterrupted open-water views through a dramatic wall of floor-to-ceiling windows that frame the lake from nearly every primary living space.Designed for both grand-scale entertaining & comfortable everyday living, the residence offers 5 bedrooms, 4.5 baths, a private den, & a highly desirable main-level primary suite. A secondary primary suite with its own en-suite bath provides ideal flexibility for multi-generational living or extended guest accommodations. Expansive living areas are complemented by soaring vaulted ceilings in the formal living room, while three fireplaces add warmth & architectural presence throughout.Outdoor living is truly extraordinary, with a wraparound deck & expansive patios designed to host unforgettable gatherings, all set against the backdrop of shimmering waterfront views. The property continues to impress with a circular drive, abundant parking, & an oversized 1,225 sq ft 6-car attached garage—an uncommon amenity even among premier estates.Completing this offering is a newly installed dock with a covered boat lift, providing effortless access to the lake & enhancing the lifestyle this remarkable property affords. A rare blend of scale, setting, & waterfront presence—opportunities like this are few & far between.

Courtesy of NWMLS
Listing courtesy of Kimberly Fraser of eXp Realty



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Last checked: 2026-04-22 08:37 AM PDT