Tacoma · Home sale
20208 Island Pkwy E in Lake Tapps sells for $2.55 million
A single-family home at 20208 Island Pkwy E, Lake Tapps sold for $2,550,000 on July 18, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $2,550,000
- Sold
- July 18, 2026
- Property type
- Single-family home
- Living area
- 4,025 sq ft
- Price per sq ft
- $634
- Year built
- 2005
A waterfront home at 20208 Island Pkwy E in Lake Tapps sold for $2,550,000 on July 18, 2026, more than double its 2014 sale price of $1,140,000, according to Pierce County Assessor-Treasurer's sales records.
An aerial photo shows the property steps from a canal, surrounded by other houses. The 4,025-square-foot home built in 2005 sits on a 0.54-acre lot and includes 3 bedrooms and 3.25 bathrooms, the Assessor's records show.
At $634 per square foot, the sale price runs 25% above the Assessor's market value of $2,041,600 on record.
What this sale costs to close
What does closing cost at this price? Under Pierce County custom the seller's larger charges are $46,762.50 for the state real estate excise tax (graduated) and $12,750 for the local real estate excise tax (0.50%). With a 5% commission, the seller's estimated net is $2,343,540 before any mortgage payoff. A buyer putting 20% down would need about $544,912 at closing.
Source: Pierce County Assessor-Treasurer, sales data downloads, document 4695228. Property details: Pierce County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
