All new exterior paint and new front porch! Rising above Commencement Bay in North Tacoma, the iconic Gray Mansion offers a rare opportunity to own one of Tacoma's most recognizable homes. Originally built in 1906, 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 formal 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 La Cornue range, framed by 18th-century stained-glass windows. The second floor includes three bedrooms, two bathrooms, and a convenient laundry room. The third floor serves as a private retreat with a bedroom, living area, full bath, 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.