Address
402 E Madrona Boulevard Nw, Lakebay, WA
Price
$ 319,000
Property Attributes
- ID#2492798
- TypeSingle Family
- CountyPIERCE
- CityLakebay
- AreaKey Peninsula South
- NeighborhoodHerron Island
- Zip98349
- StyleCabin
- Year Built1975
- Taxes$ 3681
- Price$ 319,000
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1467
- Lot Size0.6128 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
Slow down, you’ve made it to Herron Island — a private island community where life moves to the rhythm of the water, and the ferry ride on the Charlie Wells becomes part of your daily unwind. This single-level cabin, just shy of 1,500 square feet, offers easy, comfortable living with 2 bedrooms and 2 baths. The primary suite is spacious and filled with natural light, complete with its own ensuite bath (including washer/dryer plus walk-in closet. The second bedroom is generously sized for guests, hobbies, or quiet retreat. The heart of the home is the open living area that flows into the kitchen and dining space — perfect for slow mornings with coffee or relaxed evenings after a day on the beach. A small office nook makes working remotely feel a little less like work. Upstairs, a loft storage area keeps things practical, while the enclosed porch (not included in the square footage) invites you to linger a little longer with a book or a glass of wine. Set on a level 0.61-acre lot, there’s room to dream — a future garage, workshop, garden, or simply wide-open space to enjoy the privacy and peace that island living brings. The cabin could use some updating, but it’s completely livable as-is — giving you the chance to settle in first and make it your own over time. If you’ve been craving a place where weekends stretch longer and the mainland feels a world away, this might be it. Enjoy community features such as the beaches, trails, boat launch, seasonal boat docks & more!!
| Elementary School | Middle School | High School |
|---|---|---|
| Evergreen Elem | Key Peninsula Mid | Peninsula High |
| Price History | |
|---|---|
| 3/15/2026 | Listed $379,000 |
| 5/1/2026 | 8$349,000 |
| 7/4/2026 | 9$319,000 |
General Features
| Living Area | 1467 |
|---|---|
| Sewer | Septic Tank |
| Heating | Baseboard,Wall Furnace |
| Cooling | None |
| Possession | Closing |
| Roof | Composition |
| Appliances | Dishwasher,Dryer,Refrigerator,Stove(s)/Range(s),Washer |
| HOA Fee | 1880 |
| Association Fee Includes | Common Area Maintenance,Road Maintenance |
| Architectural Style | Cabin |
| Security Features | Partially Fenced |
| Year Built | 1975 |
| View | Partial,See Remarks,Territorial |
| Topography | Level |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2026 |
| Community Features | Athletic Court,Boat Launch,Park,Playground,Trail(s) |
| Building Name | Herron Island Div # 5 |
| Assoc Fee Paid Per | Semi-Annually |
| County | Pierce |
| New Construction | No |
| Property Type | Residential |
| HOA | Yes |
| Attached Garage | No |
| Subdivision Name | Herron Island |
| Facing Direction | East |
| Full Baths | 1 |
| Special Listing Conditions | None |
| Status | Active |
| Directions | Hwy 16,Purdy exit. Key Peninsula Hwy to the town of Home,turn R (immediately after USPS) on Herron Road follow 3 miles to the ferry. Off island,up hill,stay L,take 2nd left then first L. |
| High School | Peninsula High |
| City | Lakebay |
| Entry Location | Main |
| Senior Community Y/N | No |
| High School District | Peninsula |
| MLS Area | 4 - Key Peninsula South |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 26693 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional,FHA,VA Loan |
| Elementary School | Evergreen Elem |
| Land Lease Y/N | No |
| Tax Annual Amount | 3681.46 |
| Middle/Junior High School | Key Peninsula Mid |
| Property Condition | Average |
| Public Remarks | Slow down,youve made it to Herron Island a private island community where life moves to the rhythm of the water,and the ferry ride on the Charlie Wells becomes part of your daily unwind. This singl |
| Structure Type | House |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Water Company | Herron Island Water |
| Property Style | 10 - 1 Story |
| NWM_ShowMapLink | Yes |
Interior Features
| Interior Amenities | Bath Off Primary,Dbl Pane/Storm Window,Loft,Walk-In Closet(s),Water Heater |
|---|---|
| Basement | None |
| Flooring | Vinyl,Carpet |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| 3/4 Baths | 1 |
| Total Bedrooms | 2 |
| Main Level Bedrooms | 2 |
| Total Baths | 2 |
| Water Heater Type | Electric |
| Water Heater Location | Kitchen cupboard |
| Power Production Type | Electric |
| Baths Three Quarter Main | 1 |
| Baths Full Main | 1 |
| Bathrooms | 1.75 |
Exterior Features
| Exterior Amenities | Wood,Wood Products |
|---|---|
| Vegetation | Fruit Trees,Garden Space |
| Parking Features | Driveway,Off Street,RV Parking |
| Water Source | Community |
| Total Parking | 2 |
| Inclusions | Dishwasher(s),Dryer(s),Leased Equipment,Refrigerator(s),Stove(s)/Range(s),Washer(s) |
| Building Area Total | 1467 |
| Lot Dimensions | 195x148x116x154 |
| Lot Size Acres | 0.6128 |
| Waterfront Y/N | No |
| Irrigation Water Rights Y/N | No |
| Site Features | Deck,Fenced-Partially,Outbuildings,Propane,RV Parking |
| Parking Uncovered Total | 2 |
| Lot Number | 34 & 35 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 98349
Price
Taxes
Year Built
Visits
In The Neighborhood
Lakebay
$ 309,000
- Type
- Single Family | Active
- Size
- 864 SqFt
- Rooms
- 1 Beds + 1 Baths
Listed by: Morrison House Sotheby's Intl
Lakebay
$ 495,000
- Type
- Single Family | Active
- Size
- 1,220 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Better Properties Gig Harbor
Lakebay
$ 321,500
- Type
- Single Family | Active
- Size
- 1,276 SqFt
- Rooms
- 2 Beds + 2 Baths
Listed by: Better Properties Gig Harbor
Lakebay
$ 425,000
- Type
- Single Family | Contingent
- Size
- 600 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: Windermere Prof Partners
Lakebay
$ 329,000
- Type
- Single Family | Active
- Size
- 1,370 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: Morrison House Sotheby's Intl
Lakebay
$ 230,400
- Type
- Single Family | Active
- Size
- 801 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: Amo Realty
Lakebay
$ 349,900
- Type
- Single Family | Active
- Size
- 1,056 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Better Properties Gig Harbor
Lakebay
$ 499,900
- Type
- Single Family | Active
- Size
- 1,120 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: Better Properties Gig Harbor
Lakebay
$ 389,900
- Type
- Single Family | Active
- Size
- 894 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: Better Properties Gig Harbor
Lakebay
$ 180,000
- Type
- Single Family | Active
- Size
- 326 SqFt
- Rooms
- 0 Beds + 0 Baths
Listed by: Keller Williams Realty PS
