A 29-year-old man charged with multiple offences at the Orange Valley Road property was granted bail at Perth Magistrates Court on Monday, after being refused bail two days earlier.
He is due back in court on September 30 on drug and firearm charges.
Detective Senior Sergeant Craig Stephen will allege stolen property was traded in return for cash and drugs from the house, located in �one of the best streets in Kalamunda�, as labelled by local real estate agents.
He said the raid was a good result and had made a huge dent in the illicit drug-dealing trade.
�It was a substantial operation,� he said.
�We have been looking at this person and a few of his associates for probably the last three months.�
He said the Kalamunda man was one of seven people arrested in relation to the early-morning raid on Friday, August 28.
�We hope the drug use in our district will drop and an avenue for people to get rid of stolen property has now gone,� Snr Sgt Stephen said.
The raid was part of Operation Sweep, a three-month campaign targeting burglary and theft across Perth.
Detectives executed a search warrant at the residence, where they found 140g of methamphetamine (ice), cannabis and $95,000 in cash.
Other stolen goods uncovered included a bolt-action rifle (stolen from Scarborough), a taser, a KTM off-road motorcycle (stolen from Subiaco), ammunition, and other items associated with drug use and supply.
Police carried out three more searches at storage units in Welshpool, allegedly linked to the Kalamunda drug dealer.
Among the cache of stolen goods found at the warehouse were a KTM road motorcycle (stolen from Koongamia), a Ducati Monster 600cc motorcycle, a Harley Davidson motorcycle and $25,000 of industrial tools and electrical items.
Police will allege as they were about to leave the property, a man arrived with $8000 to pay for illicit drugs.