All new exterior paint and new front porch - July 2026. Rising above Commencement Bay in North Tacoma, the iconic Gray Mansion offers a rare opportunity to own one of Tacoma's most recognizable homes. This beautifully updated residence pairs timeless architectural with thoughtful modern updates and sweeping water views. The impressive 40-by-18-foot living room features custom built-ins, a classic wood-burning fireplace, and generous space for gathering. A Commencement Bay facing dining room continues the home's warm, elegant character. The updated kitchen blends period details with modern function, featuring rich cabinetry, granite countertops, a Sub-Zero refrigerator, and a stunning French La Cornue range, framed by 18th-century stained-glass windows. The second floor includes three bedrooms, two bathrooms, wet bar, and a convenient laundry room. The third floor serves as a private retreat with a bedroom, living area, full bath, wet bar, and panoramic views of Commencement Bay and the Tacoma skyline. A refreshed detached ADU offers two bedrooms, one bathroom, a full kitchen, laundry, and a private entrance, making it ideal for guests or rental income. Additional upgrades include Pella windows, geothermal HVAC, tankless water heater, and a spacious basement w/workshop. Expansive rooftop deck, multiple view balconies, and an exceptional location just moments from Ruston Way, Old Town, and Point Defiance Park.