Luxury Waterfront Living Redefined: $9.5M Estate in Snag Island’s Prestigious Private Community
21028 Snag Island Drive E is more than a waterfront residence—it’s a rare architectural statement of opulence nestled on one of the most coveted shorelines in Lake Tapps Real Estate. Listed at $9.5 million, this 10,887-square-foot estate sits on a spectacular 3.2-acre peninsula, offering 910 feet of private lake frontage, commanding views, and bespoke design touches that embody the pinnacle of Washington Real Estate luxury.
A Dramatic Arrival and Architectural Grandeur
Set behind a magnolia-lined gated entry, the home’s circular porte-cochère and 7+ car garage immediately signal the grandeur within. Built in 1999 by Modern Builders and maintained in pristine condition, the property welcomes guests with a dramatic spiral staircase and Juliet balcony that evoke Old World craftsmanship. Every inch of this estate reflects thoughtful curation, from its five fireplaces and travertine floors to the soaring ceilings and expansive lake-facing windows.
“This property is unlike anything else on the market,” said Kimber Lee, luxury property specialist at John L. Scott Real Estate. “The owner sourced materials from across Europe to create a home that feels timeless and stately, yet effortless for lakeside living.”
Interior highlights include a wine cellar, walk-in pantry, multiple living spaces, and even an elevator for seamless access across levels. The estate also features an additional dwelling unit (ADU), providing flexible space for guests, staff, or extended family.
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Designed for Entertaining, Built for Legacy
From formal entertaining to relaxed weekends, this home offers every amenity one could desire. North-facing orientation ensures spectacular sunsets year-round, while an in-ground pool and hot tub blend seamlessly into the landscape. At the water’s edge, a covered lift, boat launch, and private beach deliver direct access to the crystal waters of Lake Tapps.
“What makes 21028 Snag Island Drive E truly special is its presence—it’s not just a home, it’s a generational estate,” shared Bryce Lee, co-listing agent with John L. Scott. “When I walk through this property, it feels like every detail was envisioned to last decades, maybe longer.”
The great room, accented by hand-hewn beams, opens to a chef’s kitchen outfitted with double ovens, multiple refrigerators, and a professional-grade pantry. Upstairs, the primary suite offers a commanding view of the lake from its private balcony, with a spa-like bathroom, fireplace, and customized dressing room.
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Investment with Proven Value and Prestige
This residence carries not only architectural distinction but also a notable price history that speaks to its increasing value. The estate was last sold in 2021 for $4.5 million and is now listed at $9.5 million—more than doubling in estimated value within just four years. Its Zestimate® sits at $5.26 million, but experts point out that properties of this caliber often transcend algorithmic evaluations.
According to data reviewed by Luxury Houses Magazine, the property has seen consistent appreciation since 2016, making it one of the most desirable private holdings in the Lake Tapps Real Estate market. “Discerning buyers are always looking for rarity, privacy, and proximity to the water,” Kimber Lee told Luxury Houses. “This estate checks every box.”
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Snag Island: A Hidden Gem in Washington Luxury Real Estate
Located within the prestigious Snag Island gated community, residents enjoy the best of both worlds: serene seclusion and convenient proximity to greater Seattle and Tacoma. The community offers trails, parks, and a private boat launch. Schools, shopping, and fine dining are just minutes away in Bonney Lake and Sumner, making this location as livable as it is luxurious.
Bryce Lee emphasized to Luxury Houses that the sellers, while private, were intentional in maintaining the estate’s integrity. “The homeowner is a Seattle-based entrepreneur who fell in love with this land,” he said. “Their vision was to create a tranquil escape that could also host grand celebrations, and they’ve done exactly that.”
For discerning buyers looking to make this private retreat their next chapter, full listing details are available on Zillow. You can also connect directly with the listing agents via John L. Scott R.E. Lake Tapps.
* This property might not for sale at the moment you read this post; please check property status at the above Zillow or Agent website links*
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