5540 & 5550 E Mason Lake Drive W

Grapeview, WA
$ 1,798,000 Beds 3 Baths 3 Sq 2,606 Virtual Tour
Monthly Estimate* How much can I afford?

Your own waterfront resort! 2 homes on 2 lots on shy acre with 134’ of watrfrnt w/ 2 docks. 3 units w/ kitchens & baths, 2 bunkhouses, gym, office, hot tub, waterfront lounge with fireplace and bar, covered pavilion with kitchen, dining, pizza oven and movie projector, garage w/RV door and tons of parking. This is a unique multi-family compound with 15 beds that can sleep 20 guests. Every space is well stocked and designed to create the ultimate lake lifestyle. All furniture and décor included as well as 6,000lb boat lift, 8 kayaks, 2 paddle boards and lake necessities like towels, life jackets and water toys. Location is a no-wake zone, ideal for swimming, and close to boat launch, pickleball courts, ATV & walking trails. See virtual tour!

Active

  • Price
  • $ 1,798,000
  • City
  • Grapeview
  • Bedrooms
  • 3
  • Full Bathrooms
  • 3
  • County
  • MASON
  • Half Bathrooms
  • 0
  • Area
  • Mason Lake Region
  • Lot Size
  • 0.901 Acres
  • Zip
  • 98546
  • Sqr Footage
  • 2,606
  • Year Built
  • 1976
  • Taxes
  • $ 8327
  • Style
  • 1 Story w/Bsmnt.
  • MLS#
  • 2553662
Listed By: Keller Williams Rty Tacoma and NWMLS
Data Source: Northwest Multiple Listing Service (NWMLS)

Features

General

Living Area 2606
Sewer Septic Tank
Heating Baseboard,Wall Furnace
Cooling None
Possession Closing
Roof Composition
Appliances Dishwasher,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer
Security Features Security Gate,Security System
Year Built 1976
View Canal,Lake,Territorial
Topography Sloped,Terraces
Levels One
Property Subtype Single Family Residence
Tax Year 2026
Waterfront Features Bulkhead,Lake,No Bank
Community Features Athletic Court,Boat Launch,Club House
County Mason
New Construction No
Property Type Residential
HOA No
Attached Garage No
Subdivision Name Mason Lake
Facing Direction Southeast
Garage Y/N Yes
Special Listing Conditions None
Status Active
Directions GPS Friendly.
High School North Mason Snr High
City Grapeview
Entry Location Split
Senior Community Y/N No
High School District Grapeview #54
MLS Area 172 - Mason Lake Region
Lot Size Units Square Feet
Lot Size Square Feet 39248
Carport Y/N Yes
Listing Terms Cash,Conventional,USDA Loan,VA Loan
Elementary School Grapeview Elem
Land Lease Y/N No
Tax Annual Amount 8327.94
Middle/Junior High School Grapeview
Property Condition Very Good
Public Remarks Your own waterfront resort! 2 homes on 2 lots on shy acre with 134 of watrfrnt w/ 2 docks. 3 units w/ kitchens & baths,2 bunkhouses,gym,office,hot tub,waterfront lounge with fireplace and bar,covered
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company Individual Well
Property Style 16 - 1 Story w/Bsmnt.
NWM_ShowMapLink Yes

Interior Features

Interior Amenities Second Kitchen,Dbl Pane/Storm Window,Dining Room,Fireplace,French Doors,Security System,Vaulted Ceiling(s),Water Heater
Basement Daylight,Finished
Flooring Vinyl Plank
Total Fireplaces 2
Fireplace Features Electric,Wood Burning
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N Yes
3/4 Baths 3
Total Bedrooms 3
Main Level Bedrooms 3
Total Baths 3
Water Heater Type Electric
Water Heater Location Lower Kitchen
Fireplaces Main 1
Fireplaces Lower 1
Power Production Type Electric
Baths Three Quarter Lower 1
Baths Three Quarter Main 2
Bathrooms 2.25

Exterior Features

Exterior Amenities Wood
Vegetation Brush,Garden Space,Wooded
Parking Features Attached Carport,Driveway,Detached Garage,Off Street,RV Parking
Lot Features Value In Land
Water Source Individual Well
Total Parking 10
Inclusions Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
Foundation Details Block
Spa Yes
Building Area Total 2606
Lot Dimensions 134'x365'x118'x342'
Lot Size Acres 0.901
Waterfront Y/N Yes
Covered Spaces 4
Irrigation Water Rights Y/N No
Waterfront Footage 134'
Site Features Cabana/Gazebo,Cable TV,Deck,Dock,Gated Entry,High Speed Internet,Hot Tub/Spa,Moorage,Outbuildings,Patio,RV Parking,Shop
Parking Uncovered Total 6

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Vancouver, WA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Grapeview Elem
Middle School Grapeview Middle School
High School North Mason Snr High

Price History

7/13/2026 Listed $1,798,000

Property vs Zip Code Average in 98546

Price
AVG $840K
$1.8M
Taxes
AVG $4,657
$8,327
Year Built
AVG 1998
1976
Visits
AVG 481
62
Data Provided by Inside Real Estate®

Areas That We Cover

5540 & 5550 E Mason Lake Drive W Grapeview, WA is a Single Family Home for sale at $1798000 with 2606 sqft and a lot size of 0.901 Acres Acre(s). 5540 & 5550 E Mason Lake Drive W Grapeview has 3 bedrooms, 3 baths and was built in 1976. The property's zip code is 98546 which is in Grapeview, WA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.