Lakebay Washington Real Estate

Lakebay WA Homes, Real Estate listings and market activity

$480,000
3 Beds ⋅ 3 Baths ⋅ 2514462 MLS ⋅ ACTIVE Status
Discover this charming home in Palmer Lake community of Lakebay, nestled on the beautiful Key Peninsula! Home boasts modern kitchen with butcher-block countertops, stainless steel appliances, and a central island with a breakfast bar. Open concept living on the main floor that combines the living room, dining room and kitchen which is ideal for entertaining. Back porch and fenced backyard that is spacious so bring your creative ideas for fun outdoor living! The upstairs has primary suite with private bathroom and two more bedrooms! There is ample parking and two parking spots in the garage and the home is situated in a peaceful cul-de-sac. Sit on the front covered porch and enjoy the solitude! The community has lake, cabana, beach & dock! Sellers moving due to job relocation. New Roof in 22/23 **Lease-to-own financing options may be available for qualified buyers through a preferred lender, subject to buyer and property eligibility requirements and program guidelines.

19617 21st Street Ct SW, Lakebay

Listing courtesy of Keller Williams South Sound.

$485,000
3 Beds ⋅ 2 Baths ⋅ 2515256 MLS ⋅ ACTIVE Status
Impeccably maintained single story home in the Palmer Lake community where pride of ownership is clear from the moment you arrive. Designed with an open concept great room and vaulted ceilings, the layout offers a natural flow that works beautifully for both daily living and gathering with friends. A wood stove anchors the space, adding warmth and a welcoming touch. The open kitchen features oak cabinetry, newer stainless steel appliances, pantry & breakfast bar. Flow seamlessly into the dedicated dining area that feels elevated from the typical eat in setup. A flexible den creates options for a home office, hobby room, or quiet escape, while 3 bedrooms and 2 full baths provide a layout that simply makes sense. The primary suite includes a private bath & walk in closet. Step outside to a wraparound deck overlooking a .22 acre lot, offering space to relax, entertain, or enjoy the outdoors. Located in the Palmer Lake community, this home offers a comfortable lifestyle in a setting that feels tucked away yet connected. View today!

1704 197th Avenue SW, Lakebay

Listing courtesy of Crafted Real Estate.

$60,000
2509388 MLS ⋅ ACTIVE Status
Nice homesite near the community of Home. Enjoy the simple life tucked away from the hustle and bustle of big city living. Power and telecom in street for reduced development cost. Previously cleared and simply overgrown with scotch broom and brush. Septic and well needed to be installed. Gently slopped with a level building site this will be a great spot for your new home

811 Herron Road NW, Lakebay

Listing courtesy of Paramount Real Estate Group.

$229,000
2494351 MLS ⋅ ACTIVE Status
Discover the opportunity to own 12.83 acres of private wooded land, in the peaceful waterfront community of Lakebay, on the scenic Key Peninsula. Tucked away in a tranquil setting, this expansive parcel offers TWO BUILDING SITES, creating the flexibility to design a private estate, multi-generational retreat, or a primary residence with a guest home. Towering evergreens, natural forested surroundings, and abundant wildlife also make it the perfect camping site; surrounded by the privacy and serenity you have been looking for. Life in Lakebay is defined by its relaxed coastal charm, where days are spent exploring nearby shorelines, kayaking or boating along Carr Inlet, visiting local parks, and enjoying a slower pace. Residents appreciate the strong sense of community and easy access to recreation while still being within reach of the shopping, dining, and marinas of Gig Harbor and the amenities of Tacoma and Gig Harbor. Whether you’re looking to build now or invest for the future, this rare acreage offers the chance to own something truly special in one of the peninsula’s most peaceful and naturally beautiful settings.

Cornwall Road NW, Lakebay

Listing courtesy of Coldwell Banker Bain.

$60,000
2508047 MLS ⋅ ACTIVE Status
Discover your private retreat in the heart of the Palmer Lake community. This buildable lot is perfectly situated just steps from the water’s edge for easy access to swimming, fishing, and boating. Whether you envision a custom-built home or a modern manufactured residence, the choice is yours. With water and power already at the road and an expired septic design ready for renewal, you’re one step closer to your dream getaway. Plus, explore the great outdoors with Joemma and Penrose state parks just minutes away!

2501 195th Avenue SW, Lakebay

Listing courtesy of Windermere Prof Partners.

$75,000
2507702 MLS ⋅ ACTIVE Status
Are you wanting the Peninsula lifestyle without chasing Gig Harbor prices? This parcel in Lakebay’s Palmer Lake community deserves a closer look. Surrounded by natural beauty in a quiet wooded setting, this property offers the chance to build in an area known for recreation, privacy, and a slower pace of life. Near Palmer Lake and Joemma Beach State Park, it may be a smart fit for buyers seeking a more attainable path into Peninsula living. Water is active to the meter, though no piping has been run beyond that point. Septic plans were previously approved and are now expired. Buyer to verify all development and utility details.

19025 SW 23rd St, Lakebay

Listing courtesy of eXp Realty.

$765,000
3 Beds ⋅ 2 Baths ⋅ 2504565 MLS ⋅ ACTIVE Status
Experience the serenity of this move-in-ready 5-acre retreat! This charming one-level home welcomes you with an open floor plan, large kitchen perfect for gathering, 3 bedrooms, 2 baths, and a primary suite with dual walk-in closets. Step outside to an expansive fenced yard complete with a nature trail, fruit trees, a generous garden, and a natural watershed that brings beauty without upkeep. Unwind in the hot tub on your new deck, and rest easy knowing a whole-house generator has you covered. Plenty of room for everything with two outbuildings and a 3-car garage. A must-see property that checks every box!

1327 196th Avenue NW, Lakebay

Listing courtesy of Hawkins Poe.

$109,250
2505265 MLS ⋅ ACTIVE Status
Discover the perfect blend of privacy and opportunity with this beautiful 3.44-acre parcel in the peaceful community of Longbranch. Tucked away in a serene setting with paved access, this property offers a quiet retreat while still being close to all the outdoor recreation the area is known for. Just minutes from Joemma Beach State Park and a short drive to Penrose Point State Park, you’ll enjoy easy access to saltwater beaches, boating, fishing, and scenic trails.Surrounded by well-maintained homes, equestrian properties, and small farms, this location is ideal for building your dream home, creating a private getaway, or investing in land with strong potential. An added bonus—this parcel is being offered alongside an adjacent 6-acre property, providing a unique opportunity to expand your footprint, build a multi-generational setup, or secure additional privacy.Whether you’re looking to develop now or hold for the future, this property offers flexibility, natural beauty, and a sought-after location. Come visit the land and start envisioning what’s possible. 6.44 acre parcel to the north also offered for sale - ID: 0020221009.

Whiteman Road SW, Lakebay

Listing courtesy of Windermere Prof Partners.

$122,550
2504536 MLS ⋅ ACTIVE Status
Discover the perfect blend of privacy and opportunity with this beautiful 6-acre parcel in the peaceful community of Longbranch. Tucked away in a serene setting with paved access, this property offers a quiet retreat while still being close to all the outdoor recreation the area is known for. Just minutes from Joemma Beach State Park and a short drive to Penrose Point State Park, you’ll enjoy easy access to saltwater beaches, boating, fishing, and scenic trails.Surrounded by well-maintained homes, equestrian properties, and small farms, this location is ideal for building your dream home, creating a private getaway, or investing in land with strong potential. An added bonus—this parcel is being offered alongside an adjacent 3-acre property, providing a unique opportunity to expand your footprint, build a multi-generational setup, or secure additional privacy.Whether you’re looking to develop now or hold for the future, this property offers flexibility, natural beauty, and a sought-after location. Come see the property and start envisioning what’s possible. 3.03 arce parcel to the south is also offered for sale - ID: 0020221016.

Whiteman Rd SW, Lakebay

Listing courtesy of Windermere Prof Partners.

$144,999
2499226 MLS ⋅ ACTIVE Status
The idyllic town of Home is a community that lies on the Key Peninsula and borders the waters of Carr Inlet, on the Puget Sound. This shy acre of vacant land has a flat building site, power at the street, a designer approved septic site plan, and room for private well. There are few vacant sites left in this historic town known in the twentieth century as a model for a utopian community of anarchists. The lot boasts a cleared building site, easy access to the community boat launch on A street, and plenty of charm. Walk the "hills of home" and breathe in the puget sound fresh air and meet your neighbors at the annual Fourth of July parade on A street! This is a community you do not want to pass by, but rather immerse yourself within!

17227 4th Avenue NW, Lakebay

Listing courtesy of PropertiesNW of Gig Harbor Ltd.

$800,000
3 Beds ⋅ 3 Baths ⋅ 2501934 MLS ⋅ ACTIVE Status
Rare, Award-Winning, Impeccably Kept Log Home on 2.5 Private Acres accessed by a newly grated + graveled road where the only traffic is a deer or bunny! Home features fireplace with dramatic 2-story high stovepipe, wraparound front porch, hot-tub ready covered deck off the primary. All exterior and interior logs and wood surfaces have been expertly refinished and re-stained, and chinking expertly upgraded. Main floor primary has two closets, incl floor-ceiling closet system, french-door access to backyard. Up the dramatic oak stairs are two more bedrooms, full bath and large flex area that overlooks main living space. Third floor loft is perfect for playroom, music studio, sleep space, hangout. Just a few steps from the home is a separate 3 story permitted building that seller had home gym on the lower level, guest quarters (including charming 3/4 bath) on the top level, with slider leading to deck offering sweeping views, home office on middle level, with built-in standing desk plus gathering space and office/ craft organization. Perfect multi-gen living space, nanny's quarters, home office, home school, church meetings, daycare, artist's or crafter's studio? Exterior bonuses include fenced sport court, firepit, circular driveway, new roof on back bldg and shed,perfect star-gazing, solitude with only two other(long-time owners)homes on the road. All homes on this plat are on 2.5 acres-ultimate in privacy! Just 1 mile to Key Center and 20-30 min to Gig Harbor or The Narrows.

16318 82nd Street NW, Lakebay

Listing courtesy of John L. Scott, Inc.

$925,000
2 Beds ⋅ 2 Baths ⋅ 2472396 MLS ⋅ ACTIVE Status
An incredible opportunity to own two truly special waterfront properties. Step back in time with vintage charm—the décor may echo the 80s and 90s, but the views and beach are timeless. First time on the market, this property features two homes perched above Mayo Cove, overlooking Carr Inlet, views of Mt. Rainier and approximately 180 feet of waterfront. Walk down the gently sloped path to skip rocks, swim or relax. Boaters paradise & right around the corner from Penrose State Park. Ideal for your own staycation, multi-generational living, or living in one home while renting the other. Very quiet, removed from the city noise but conveniently located just 12 minutes from Key Center and 30 minutes to North Gig Harbor. The main home, an A-frame design, approx. 2110 sq. ft. offers two bedrooms. The main level features an open-concept living and kitchen area, a bedroom, and a full bath, with the second bedroom located upstairs. The fully finished basement includes two bonus rooms, a ¾ bath with laundry, and access to the one-car garage. The detached, approx. 1101 sq. ft. ADU lives large & offers one bedroom, a full bath, and main-level living, plus a generously sized bonus room and an additional bath upstairs. Unfinished room perfect for shop or dry storage & 1 car attached garage. With just over an acre, the possibilities are endless—ample room for raised garden beds, lush green grass, or keep as is and simply let nature take its course. Welcome to the beach.

909 Lorenz Road NW, Lakebay

Listing courtesy of Windermere Prof Partners.

$319,000
2 Beds ⋅ 2 Baths ⋅ 2492798 MLS ⋅ ACTIVE Status
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!!

402 E Madrona Boulevard NW, Lakebay

Listing courtesy of Better Properties Gig Harbor.

$389,900
2 Beds ⋅ 1 Baths ⋅ 2489445 MLS ⋅ ACTIVE Status
Perched above 60 feet of east-facing waterfront, including tidelands, this inviting island cabin offers the kind of peaceful escape that feels worlds away from the city — yet close enough for an easy weekend retreat. From its medium-bank setting, enjoy sweeping water views and breathtaking sunrises that greet you each morning in soft coastal light. Inside, the open living, dining, and kitchen area creates a relaxed gathering space — ideal for slow mornings, shared meals, and reconnecting without distractions. A ¾ bath and laundry are conveniently located on the main floor. Upstairs, two cozy bedrooms provide restful retreats, with the larger bedroom opening onto a covered deck — a quiet perch for morning coffee and the gentle rhythm of island life. The expansive wooden deck invites long, unhurried afternoons and easy evenings outdoors. The level 0.41-acre lot offers space to garden, play, or simply breathe a little deeper and enjoy the privacy. Whether you're looking for a weekend getaway from the city or a simpler full-time lifestyle, this cabin delivers water views, coastal charm, and that unmistakable sense of calm that only island living provides. A covered trailer is included at no cost to the buyer for overflow guests (or can be removed if preferred) and the 20’ x 18’ powered metal shop adds flexibility for storage, hobbies, or all your island gear.Wake with the sun, slow your pace, stay awhile! Community features: boat ramp, seasonal boat docks plus so much more!

711 E Herron Boulevard NW, Lakebay

Listing courtesy of Better Properties Gig Harbor.

$180,000
2487098 MLS ⋅ ACTIVE Status
Tucked away on private Herron Island, this rare ½-acre property with water views offers the perfect blend of peaceful island living and future potential. Accessible by ferry, this is your opportunity to own a true Pacific Northwest retreat. The property is cleared and build-ready, featuring a permitted 320 sq ft custom tiny home (classified as an outbuilding) set on a foundation with electricity and water already connected. The tiny home includes a main-level kitchen with mini fridge and microwave, dining area, and living space with large pull-out bed, plus an upstairs loft for additional sleeping or office space. A major bonus—sellers have completed a 3-bedroom septic design with a recently approved permit, making this property primed for expansion. Live simply in the existing tiny home while you build, create a private getaway, or explore Airbnb/short-term rental potential. Additional features include a 10x10 shed, dog kennel, and even a paddleboat. Herron Island is a private community offering incredible amenities: North Beach Park with sandy beachfront, boat launch, dock, kayak racks, and covered picnic area, plus South Beach Park, scenic trails, and a vibrant community. Whether you're searching for a tiny home escape, build-ready land with utilities, or a unique investment opportunity, this property delivers. Peaceful, private, and about an hour from Tacoma and Puyallup—your island retreat awaits.

826 E Herron Blvd NW, Lakebay

Listing courtesy of Keller Williams Realty PS.

$180,000
2486688 MLS ⋅ ACTIVE Status
Tucked away on private Herron Island, this rare ½-acre property with water views offers the perfect blend of peaceful island living and future potential. Accessible by ferry, this is your opportunity to own a true Pacific Northwest retreat. The property is cleared and build-ready, featuring a permitted 320 sq ft custom tiny home (classified as an outbuilding) set on a foundation with electricity and water already connected. The tiny home includes a main-level kitchen with mini fridge and microwave, dining area, and living space with large pull-out bed, plus an upstairs loft for additional sleeping or office space. A major bonus—sellers have completed a 3-bedroom septic design with a recently approved permit, making this property primed for expansion. Live simply in the existing tiny home while you build, create a private getaway, or explore Airbnb/short-term rental potential. Additional features include a 10x10 shed, dog kennel, and even a paddleboat. Herron Island is a private community offering incredible amenities: North Beach Park with sandy beachfront, boat launch, dock, kayak racks, and covered picnic area, plus South Beach Park, scenic trails, and a vibrant community. Whether you're searching for a tiny home escape, build-ready land with utilities, or a unique investment opportunity, this property delivers. Peaceful, private, and about an hour from Tacoma and Puyallup—your island retreat awaits.

826 E Herron Blvd NW, Lakebay

Listing courtesy of Keller Williams Realty PS.

$374,950
2 Beds ⋅ 2 Baths ⋅ 2461648 MLS ⋅ ACTIVE Status
Rare 2.27-acre Lakebay property with strong potential and breath taking views! Property includes an unfinished home with approximately 1,032 sq ft of interior space plus 2 bedrooms and 2 baths with expansive acreage to create a custom home site, shop, ADU, or multi-use space. Located in a quiet rural setting with fully fenced grounds, this parcel offers RV parking, outbuildings, abundant room for toys, livestock, or future improvements, and privacy while still being just minutes from community amenities and Puget Sound access. Interior is unfinished — bring your contractor and transform this space into a one-of-a-kind Lakebay retreat or investment flip. With utilities in place including individual well and septic, there’s tremendous upside for the right buyer. Property Highlights: • Approx. 1,032 sq ft interior space • 2 beds, 2 baths (buyer to verify) • 2.27 acres of usable land (2 Parcels) • Fully fenced — great for pets, pasture, gardening • Outbuildings & storage, plus generous parking and room for shop, ADU, or detached garage • Individual well & septic present • Sold as-is — perfect for investors or buyers seeking a renovation project. This offering presents a significant opportunity to add value through finishing, creative redesign, or expansion in one of Pierce County’s peaceful and scenic rural pockets. Buyer to verify all measurements, zoning, permits, and intended use.

16602 - 16608 Delano Road, Lakebay

Listing courtesy of KW North Sound.

$309,000
1 Beds ⋅ 1 Baths ⋅ 2463344 MLS ⋅ ACTIVE Status
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.

406 E Madrona Boulevard NW, Lakebay

Listing courtesy of Morrison House Sotheby's Intl.

$369,000
2473382 MLS ⋅ ACTIVE Status
Truly exceptional gently sloping 1.72 acre property on Carr Inlet with sweeping views of Puget Sound and Mt Rainier. Watch the incredible sunrise from your new home site or lounging with your favorite beverage at the beach. Includes a 1/4 deeded share of 104 feet of rare LOW BANK waterfront. Custom bulkhead has stone steps directly to the beach, extensive rockeries, fire pit, beautiful landscaping and a parklike common area with inground sprinklers. Leave your kayaks just steps from the beach at the custom bulkhead. 4-br septic with RV port, water and power is already installed. This permit-ready building site has a shared well and buried conduit for phone and cable. The access road has been freshly graded and repaved, road maintenance agreement is being signed around. Park your RV while you build your dream home or use this gem complete with deck, forest trails, open fields, and great cell reception as a vacation property. The beautiful sandy beach is loaded with clams, sand dollars, and sea creatures! The site is flanked by a mature forest with sequoia, fir, cedar, spruce and huckleberry. This park like community has 3 custom homes at present, make yours the 4th!

16518 34th Street Ct NW, Lakebay

Listing courtesy of Redfin.

$175,000
2471787 MLS ⋅ ACTIVE Status
Your new sanctuary awaits! This beautiful 4.8 acres sits back behind the road for added privacy. Property filled with mature trees and vegetation. Build your home and have plenty of privacy with your own stream in your backyard. Power at road. Minutes from LakeBay and Penrose Point State Park. Buyer to verify.

14802 Delano Road SW, Lakebay

Listing courtesy of John L. Scott Mukilteo.

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​Are you yearning for a tranquil coastal retreat surrounded by natural beauty? Look no further than Lakebay, WA! Situated on the picturesque Key Peninsula, Lakebay offers residents a serene and scenic environment, where they can enjoy a peaceful coastal lifestyle and immerse themselves in the beauty of the Pacific Northwest. We will explore the real estate market in Lakebay, highlighting its attractions and unique features that make it an ideal destination for real estate buyers.

Coastal Charm and Natural Splendor:

Lakebay is known for its coastal charm and natural splendor, with its proximity to the Puget Sound and stunning views of the water. Residents can savor breathtaking sunsets, explore tranquil beaches, and witness abundant marine life. The coastal beauty of Lakebay creates a sense of tranquility and offers a serene backdrop for a relaxing and rejuvenating lifestyle.

Recreational Opportunities:

Lakebay provides ample recreational opportunities for outdoor enthusiasts. The area is renowned for its fishing, crabbing, and boating opportunities, allowing residents to indulge in water-based activities. Additionally, nearby parks and trails offer opportunities for hiking, picnicking, and wildlife observation. Embrace the coastal playground and immerse yourself in the natural wonders that Lakebay has to offer.

Close-Knit Community:

Lakebay fosters a close-knit community where neighbors support one another and form lasting connections. The area hosts community events, such as farmers markets, festivals, and gatherings, providing opportunities for residents to come together, socialize, and celebrate. Lakebay's strong sense of community creates a welcoming and inclusive environment for individuals and families alike.

Tranquil Living:

Living in Lakebay means embracing a tranquil and laid-back lifestyle. The area offers a peaceful retreat from the hustle and bustle of city life, allowing residents to unwind and enjoy the slower pace of coastal living. Experience the serenity of the natural surroundings, listen to the sound of the waves, and appreciate the simplicity and beauty of life in Lakebay.

Diverse Housing Options:

Lakebay's real estate market offers a range of housing options to suit different preferences and needs. Whether you're looking for a charming waterfront cottage, a cozy cabin nestled in the woods, or a modern home with panoramic views, Lakebay has options that provide a comfortable and idyllic coastal living experience. Find your dream coastal home in this picturesque community.

Conclusion:

Lakebay, WA, offers a tranquil coastal living experience for real estate buyers seeking a serene and scenic lifestyle. With its coastal charm, recreational opportunities, close-knit community, tranquil living environment, and diverse housing options, Lakebay presents an ideal destination for those looking to embrace the beauty of the Pacific Northwest and enjoy a coastal retreat.

Lakebay is a census-designated place (CDP) in Pierce County, Washington, United States. The population was 5.272 at the 2020 census. Lakebay is located on the Key Peninsula, about 35 miles southwest of Tacoma and 57 miles southeast of Olympia.

Lakebay is a small, rural community with a population of just over 5,000 people. The community consists of small lakes and properties on Puget Sound waterfront and water views. Lakebay is a popular destination for boating, fishing, and swimming.

The cost of living in Lakebay is relatively high. The median home value in Lakebay is $427,000 as of 2022. The median household income in Lakebay is $71,000.

Lakebay is a great place to live for those who want to enjoy the outdoors. The community is surrounded by water and forests. There are many hiking trails and parks in the area. Lakebay is also a great place to live for those who want to be close to nature.

If you are interested in moving to Lakebay, there are a few things you should keep in mind. First, the community is very small. This means that there are not many amenities or services in the area. Second, the cost of living in Lakebay is relatively high. Third, the community is located in a rural area. This means that there is not much public transportation in the area.

Overall, Lakebay is a great place to live for those who want to enjoy the outdoors and be close to nature. The community is small and rural, but it has a lot to offer residents. If you're considering buying, selling or investing in Lakebay real estate, a WA real estate agent is available to help.