Property Attributes
- ID#2559099
- TypeSingle Family
- CountyPIERCE
- CityLakebay
- AreaKey Peninsula South
- NeighborhoodLakebay
- Zip98349
- StyleTraditional
- Year Built1914
- Taxes$ 8663
- Price$ 1,398,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1770
- Lot Size2.5 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
Welcome to your ultimate Pacific Northwest sanctuary. Nestled on 2.5 ultra-private acres, this exceptional estate offers a rare park-like setting where the grounds meet the tranquil shores of the Key Peninsula. From the moment you arrive, you are enveloped in true serenity. This pre-inspected home is thoughtfully designed to showcase breathtaking, water views from almost every room, seamlessly blending indoor comfort with the natural beauty outside. Inside, you'll find great functionality with custom, built-in storage solutions seamlessly integrated throughout the entire home. The crown jewel of this property is the remarkable rare, highly coveted true no-bank waterfront. Complete with deeded tideland rights, your backyard is a private playground for beachcombing, crabbing, and clamming. Listen to the sounds of eagles and the barking of seals. Accessing the shoreline is easy, thanks to a newly engineered bulkhead and a brand-new, set of private stairs leading directly to the beach. Beyond the main residence, the sprawling acreage features a giant detached shop. This large outbuilding is a hobbyist’s dream, offering limitless potential for a workshop, boat and RV parking, or a creative studio. Whether you are looking for a full-time coastal residence or a weekend getaway, this property is a rare legacy retreat that perfectly balances seclusion with immediate beach access--only 20 minutes from Gig Harbor shopping and dining. Come experience a true waterfront retreat!
| Price History | |
|---|---|
| 7/23/2026 | Listed $1,498,000 |
| 8/10/2026 | 7$1,398,000 |
General Features
| Living Area | 1770 |
|---|---|
| Sewer | Septic Tank |
| Heating | Forced Air,See Remarks,Wall Furnace |
| Cooling | See Remarks |
| Possession | Closing |
| Roof | Metal |
| Appliances | Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer |
| Architectural Style | Traditional |
| Security Features | Partially Fenced |
| Year Built | 1914 |
| View | Bay,Sound,Territorial |
| Topography | Partial Slope,Rolling,Sloped,Terraces |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2026 |
| Waterfront Features | Bayfront,Bulkhead,No Bank,Saltwater,Sound |
| County | Pierce |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Subdivision Name | Lakebay |
| Garage Y/N | Yes |
| Full Baths | 1 |
| Special Listing Conditions | None |
| Status | Active |
| Directions | GPS gets you right there. it may list 'Home' as the city or Lakebay. |
| 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 | 108900 |
| Carport Y/N | Yes |
| Listing Terms | Cash,Conventional,FHA |
| Land Lease Y/N | No |
| Tax Annual Amount | 8663 |
| Public Remarks | Welcome to your ultimate Pacific Northwest sanctuary. Nestled on 2.5 ultra-private acres,this exceptional estate offers a rare park-like setting where the grounds meet the tranquil shores of the Key |
| Virtual Tour | https://my.matterport.com/show/?m=HUpk6rtteYc&mls=1 |
| Structure Type | House |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Water Company | Private Well |
| Property Style | 18 - 2 Stories w/Bsmnt |
| NWM_ShowMapLink | Yes |
Interior Features
| Interior Amenities | Ceiling Fan(s),Dbl Pane/Storm Window,Dining Room,Fireplace,Water Heater |
|---|---|
| Basement | Daylight,Partially Finished |
| Flooring | Ceramic Tile,Hardwood,Carpet |
| Total Fireplaces | 1 |
| Fireplace Features | Wood Burning |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| 3/4 Baths | 1 |
| Total Bedrooms | 3 |
| Main Level Bedrooms | 1 |
| Total Baths | 2 |
| Bedrooms Possible | 3 |
| Water Heater Type | Electric |
| Water Heater Location | Basement |
| Fireplaces Main | 1 |
| Power Production Type | Electric |
| Baths Three Quarter Upper | 1 |
| Bedrooms Upper | 2 |
| Baths Full Main | 1 |
| Bathrooms | 1.75 |
Exterior Features
| Exterior Amenities | Cement/Concrete |
|---|---|
| Vegetation | Garden Space,Wooded |
| Parking Features | Detached Carport,Driveway,Detached Garage,Off Street,RV Parking |
| Lot Features | Paved,Secluded |
| Water Source | Individual Well |
| Total Parking | 21 |
| Inclusions | Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s) |
| Foundation Details | Block |
| Building Area Total | 2238 |
| Lot Size Acres | 2.5 |
| Waterfront Y/N | Yes |
| Covered Spaces | 6 |
| Irrigation Water Rights Y/N | No |
| Waterfront Footage | 125 |
| Site Features | Cabana/Gazebo,Cable TV,Deck,Fenced-Partially,High Speed Internet,Outbuildings,RV Parking,Shop |
| Parking Uncovered Total | 15 |
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
In The Neighborhood
Lakebay
$ 390,000
- Type
- Single Family | Active
- Size
- 1,505 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Windermere Prof Partners
Lakebay
$ 439,950
- Type
- Single Family | Active
- Size
- 1,404 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: MLS4owners.com
Lakebay
$ 1,050,000
- Type
- Single Family | Active
- Size
- 2,922 SqFt
- Rooms
- 4 Beds + 3 Baths
Listed by: John L. Scott, Inc.
Lakebay
$ 730,000
- Type
- Single Family | Active
- Size
- 2,915 SqFt
- Rooms
- 3 Beds + 3.5 Baths
Listed by: ALLEN Realtors
Lakebay
$ 726,000
- Type
- Single Family | Contingent
- Size
- 2,254 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Hawkins Poe
Lakebay
$ 698,000
- Type
- Single Family | Active
- Size
- 2,100 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Listed by: Coldwell Banker Danforth
Lakebay
$ 484,950
- Type
- Single Family | Active
- Size
- 1,298 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Kelly Right RE of Seattle LLC
Lakebay
$ 440,000
- Type
- Single Family | Active
- Size
- 967 SqFt
- Rooms
- 2 Beds + 1 Baths
Listed by: Newberry Realty, Inc.
Lakebay
$ 899,950
- Type
- Single Family | Active
- Size
- 3,891 SqFt
- Rooms
- 7 Beds + 3 Baths
Listed by: Pellego, Inc.
Lakebay
$ 590,000
- Type
- Single Family | Active
- Size
- 2,537 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: Paramount Real Estate Group
Lakebay
$ 999,999
- Type
- Single Family | Active
- Size
- 3,174 SqFt
- Rooms
- 4 Beds + 2.5 Baths
Listed by: John L. Scott, Inc.
Lakebay
$ 915,000
- Type
- Single Family | Active
- Size
- 2,800 SqFt
- Rooms
- 3 Beds + 3 Baths
Listed by: John L. Scott, Inc.