Rising above Commencement Bay in North Tacoma, the iconic Gray Mansion blends historic grandeur with refined modern updates. Built in 1906, this remarkable residence captures sweeping water views while preserving the architectural character that defines Tacoma's most treasured homes. The dramatic 40x18 living room features custom built-ins, a classic wood-burning fireplace, and elegant proportions ideal for entertaining. Just beyond, the formal dining room continues the home's timeless charm. The beautifully updated kitchen pairs historic character with modern luxury. Rich cabinetry, granite countertops, a Sub-Zero refrigerator, and a stunning La Cornue range create a chef-worthy space. Rare 18th-century stained-glass windows frame the range, adding a one-of-a-kind architectural centerpiece. The second floor offers three bedrooms, two bathrooms, and convenient laundry. The third floor provides a private retreat with a bedroom, living area, bath, and 360 views across Commencement Bay and the surrounding cityscape. A refreshed detached ADU includes two bedrooms, one bathroom, kitchen, laundry, and separate entrance. Ideal for guests, multigenerational living, or rental income. Modern updates support this historic beauty, including newer Pella windows, geothermal HVAC, tankless water heater, and a large basement with workshop. Enjoy the oversized rooftop deck for entertaining and multiple balconies for relaxing water views. Close to Ruston, Old Town and Point Defiance Park.