Address
406 E Madrona Drive, Lakebay, WA
Price
$ 309,000
Property Attributes
- ID#2572099
- TypeSingle Family
- CountyPIERCE
- CityLakebay
- AreaKey Peninsula South
- NeighborhoodHerron Island
- Zip98349
- Style2 Story
- Year Built1982
- Taxes$ 2131
- Price$ 309,000
- Bedrooms1
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage864
- Lot Size0.5877 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
Board the ferry, watch the mainland fade into the distance, and step onto a place most people never even know exists. Herron Island is one of Puget Sound's last private islands, a tight-knit community of just over 100 neighbors where eagles circle overhead, deer roam at will, and the rest of the world genuinely feels far away. Fill your days at North Beach Park, along the natural shoreline of South Beach, or relaxing at Goodpastor Park. It's the kind of island people stumble onto and can't stop thinking about afterward. This 1-bedroom, 1-bath bungalow with a bonus room sits on just over half an acre, one of the island's larger buildable lots, and has been thoughtfully improved with a full gut renovation of the kitchen and bathroom plus all-new appliances. The groundwork for a little homestead is already here: a deer-proof, fenced garden area where dahlias once flourished, and a chicken coop ready for new tenants. Use it as your personal escape, rent it out while you're away, or hold onto it and build something bigger down the road. HOA covers water. Access is via the community ferry, the Charlie Wells, a 10-minute crossing that makes all the difference. Step off the ferry and you'll pass a general store currently under construction, close enough that your ice cream won't have a chance to melt.
| Elementary School | Middle School | High School |
|---|---|---|
| Buyer To Verify Elementary School | Key Peninsula Mid | Peninsula High |
| Price History | |
|---|---|
| 8/21/2026 | Listed $309,000 |
General Features
| Living Area | 864 |
|---|---|
| Sewer | Septic Tank |
| Heating | Ductless |
| Cooling | Ductless |
| Possession | Closing |
| Roof | Composition |
| Appliances | Dishwasher,Dryer,Refrigerator,Stove(s)/Range(s),Washer |
| HOA Fee | 315 |
| Association Fee Includes | Road Maintenance,See Remarks,Water |
| Security Features | Partially Fenced |
| Year Built | 1982 |
| Topography | Level |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Boat Launch,CCRs,Club House,Park,Playground |
| Assoc Fee Paid Per | Monthly |
| County | Pierce |
| New Construction | No |
| Property Type | Residential |
| HOA | Yes |
| Attached Garage | No |
| Subdivision Name | Herron Island |
| Full Baths | 1 |
| Special Listing Conditions | None |
| Status | Active |
| Directions | When you get off the ferry,follow Ferry St NW to E Madrona Blvd NW and go left - follow to address. |
| 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 | 25600 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional,Rehab Loan |
| Elementary School | Buyer To Verify |
| Land Lease Y/N | No |
| Tax Annual Amount | 2131 |
| Middle/Junior High School | Key Peninsula Mid |
| Public Remarks | Board the ferry,watch the mainland fade into the distance,and step onto a place most people never even know exists. Herron Island is one of Puget Sound's last private islands,a tight-knit community o |
| Structure Type | House |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Water Company | Herron Island Water Depart |
| Property Style | 12 - 2 Story |
| NWM_ShowMapLink | Yes |
Interior Features
| Interior Amenities | Fireplace |
|---|---|
| Basement | None |
| Flooring | Laminate |
| Total Fireplaces | 1 |
| Fireplace Features | Wood Burning |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Total Bedrooms | 1 |
| Total Baths | 1 |
| Bedrooms Possible | 1 |
| Fireplaces Main | 1 |
| Power Production Type | Electric,Wood |
| Bedrooms Upper | 1 |
| Baths Full Main | 1 |
| Bathrooms | 1 |
Exterior Features
| Exterior Amenities | Wood |
|---|---|
| Vegetation | Fruit Trees,Garden Space |
| Parking Features | Driveway,Off Street |
| Water Source | Community |
| Inclusions | Dishwasher(s),Dryer(s),Refrigerator(s),Stove(s)/Range(s),Washer(s) |
| Foundation Details | Block |
| Building Area Total | 864 |
| Lot Size Acres | 0.5877 |
| Waterfront Y/N | No |
| Irrigation Water Rights Y/N | No |
| Site Features | Deck,Fenced-Partially,Green House,Outbuildings |
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
$ 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
$ 319,000
- Type
- Single Family | Active
- Size
- 1,467 SqFt
- Rooms
- 2 Beds + 2 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
