Lakebay Real Estate | Lakebay Just Listed Properties for Sale

Opportunity is knocking on this shy 5-acre parcel off Delano Road. Previously logged in 2020, the property has been subject to a 6-year building permit moratorium that is now nearing its end, creating a timely opportunity for buyers ready to plan ahead. Driveway freshly paved! The land offers privacy, seclusion, and usable space for future development, with a private gravel easement providing access. The neighboring shy 5-acre parcel is also available, offering the chance to purchase nearly 10 acres total. Enjoy nearby outdoor amenities including Penrose Point State Park and Lakebay Marina. Owner financing may be available with a large down payment. Bring your vision and start preparing for what this property can become.

4 Lot 9th Street SW, Lakebay

Listing courtesy of Paramount Real Estate Group.

$300,000

2538471 MLS ⋅ ACTIVE Status

Rare opportunity to purchase two neighboring shy 5-acre parcels together for a combined total of nearly 10 acres. Lots 2 and 4 are part of the same short plat and offer privacy, seclusion, and long-term development potential off Delano Road. Previously logged in 2020, the parcels have been subject to a 6-year building permit moratorium that is now nearing its end, creating a timely opportunity for buyers ready to plan ahead. A private gravel easement provides access to both lots, with usable land, natural surroundings, and room to create your vision. Enjoy nearby outdoor amenities including Penrose Point State Park and Lakebay Marina. Owner financing may be available with a large down payment.

24 156th Avenue SW, Lakebay

Listing courtesy of Paramount Real Estate Group.

$150,000

2538462 MLS ⋅ ACTIVE Status

Opportunity is knocking on this shy 5-acre parcel off Delano Road. Previously logged in 2020, the property has been subject to a 6-year building permit moratorium that is now nearing its end, creating a timely opportunity for buyers ready to plan ahead. Driveway freshly paved! The land offers privacy, seclusion, and usable space for future development, with a private gravel easement providing access. The neighboring shy 5-acre parcel is also available, offering the chance to purchase nearly 10 acres total. Enjoy nearby outdoor amenities including Penrose Point State Park and Lakebay Marina. Owner financing may be available with a large down payment. Bring your vision and start preparing for what this property can become.

2 Lot 156th Avenue SW, Lakebay

Listing courtesy of Paramount Real Estate Group.

$539,950

3 Beds ⋅ 3 Baths ⋅ 2536375 MLS ⋅ ACTIVE Status

One of the Prettiest & Most Peaceful spots on the Key Peninsula! Perfect For Year-Round Living OR As a Profitable Vacation Rental/Airbnb with Multiple Options! Hard to Find Desirable Custom Water View 3/3 Home in a small, peaceful and private gated community along Carr Inlet.Thoughtfully designed, 1 owner home featuring an inviting living area, comfortable bedrooms w/full baths,a well appointed kitchen & dining room w/quality cabinetry & appliances.Glass doors open to a wrap around covered deck where you can relax & enjoy views of the water & glimpses of Mt.Rainier On the main entry level there's a light & bright Family Room(or Bedroom) w/ensuite full bath easily used as a self-contained rental studio! Wander thru the beautiful parklike fenced grounds featuring mature landscaping, prolific fruit trees, & quiet sitting areas leading to a charming 2 story workshop/artist studio/“boat house" w/additional covered storage.There’s a dedicated RV spot w/concrete pad & hookups at the rear of the property plus a large attached garage.BTW-great internet service too! Home is situated on a corner lot for added privacy, is well maintained & move-in ready in a convenient location less than 3min. to Penrose Park, local marinas & boat launches - just a quick walk to access beach & an easy drive to all services & big box stores. Whether year round living or vacation getaway, you'll never want to leave one of the best spots on the Key Peninsula! *Be sure to click on Virtual Tour Icon *

2608 142nd Avenue SW, Lakebay

Listing courtesy of Kelly Right RE of Seattle LLC.

$150,000

2535158 MLS ⋅ ACTIVE Status

"SERENITY AWAITS YOU' This practically level 4+ Acre lot provides many opportunities of exclusiveness. Partially cleared. Private Well and Power is on site. Close to Penrose State Park. Septic plan has been approved for 4 bedrooms. The 20 feet long X 8 feet wide X 9.5 feet high cube container on the property will convey with sale. Great for storage. Very short drive to Key IGA a local; independent grocery store serving as a primary community food market for offering everyday essentials.

1629 148th Avenue SW, Lakebay

Listing courtesy of John L. Scott Dupont.

$625,000

3 Beds ⋅ 1 Baths ⋅ 2535817 MLS ⋅ ACTIVE Status

200' ft no bank waterfront on Pitt Passage in Carr Inlet. This is a hard to find private 2.43 acres with no bank waterfront, a creek, views of Mount Rainier and McNeil Island. Wildlife abounds in this peaceful paradise. The 1971 manufactured home is of no value but sets the stage for exchanging it for a new one or a building site for a new home. Well, septic and power are already in place. Come fulfil your dreams on this stunning one of a kind property.

2509 142nd Avenue SW, Lakebay

Listing courtesy of Kelly Right RE of Seattle LLC.

$219,950

3 Beds ⋅ 1 Baths ⋅ 2534158 MLS ⋅ ACTIVE Status

Here is the diamond in the rough you always hear about! Property has 2.35 acres with water, power and a three bedroom septic. The mobile home is a tear down and of no value. Seller is unable to do any cleanup. Property has a lot of old vehicles. Most in some form of disrepair and have been stripped of wiring. Enter the property at your own risk. Must be accompanied by a licensed broker.

1310 Key Peninsula Highway NW, Lakebay

Listing courtesy of John L. Scott R.E. Lake Tapps.

$230,400

2 Beds ⋅ 1 Baths ⋅ 2533508 MLS ⋅ ACTIVE Status

sland living doesn't get more charming than this. Tucked away on the ferry-access-only Herron Island, this 2-bed, 1-bath gem delivers water views, wildlife sightings, and the kind of quiet you didn't know you were missing. The resident deer are so friendly they'll eat right out of your hand — mornings here come with their own welcome committee! The oversized covered deck is made for slow mornings and long evenings, and the resident-only access means your neighborhood stays exactly as peaceful as it looks. This little island escape is ready and waiting — just bring yourself and make it your own. One or more members of Trade In Holdings, LLC and other Trade In Holdings, LLC related entities are licensed real estate agents or licensed real estate brokers in Arizona.

819 E Madrona Boulevard NW, Lakebay

Listing courtesy of Amo Realty.

$294,950

2 Beds ⋅ 2 Baths ⋅ 2528982 MLS ⋅ ACTIVE Status

Charming Updated Home at an Affordable Price, Brand New Roof Just Installed! This Home is tucked away in Lakebay on a Large corner lot on a cul-de-sac. This is Your own private retreat. Home features 2 bed and 1.5 bath with an open concept living area with a Cozy Fireplace, Updated Cabinets and Countertops, Newer Vinyl Windows and LVP Flooring. Upstairs you’ll find 2 bedrooms with vaulted ceilings, the primary bedroom has its own slider door that opens to a private upper level deck. The spacious lot offers a large wrap around deck, a detached Carport & storage shed-perfect for enjoying the outdoors year-round. Don’t miss out on this unique property.

19111 19th st sw, Lakebay

Listing courtesy of Better Properties N. Proctor.

$149,950

2529539 MLS ⋅ ACTIVE Status

Beautiful level and nicely treed parcel located in a peaceful gated enclave near Joemma Beach State Park in desirable Lakebay on the Key Peninsula. This private setting offers a rare opportunity to build your dream home or peaceful getaway surrounded by the natural beauty the Pacific Northwest is known for. Water and power are already on site, and the septic design is currently in renewal, creating an exceptional head start for future development. Tucked within a small private enclave with only two other homes nearby, the property offers a sense of privacy, tranquility, and connection to nature. Enjoy all that the Key Peninsula lifestyle has to offer with nearby Joemma Beach and Penrose Point State Park, local farms, seasonal farm stands, agritourism, hiking, boating, kayaking, fishing, and endless outdoor recreation. The area is known for its welcoming community atmosphere, beautiful shoreline, towering evergreens, and highly regarded Peninsula School District. Whether you envision a full-time residence or weekend retreat, this beautiful property provides the perfect canvas to create something truly special in one of the most charming and naturally beautiful areas of the South Puget Sound.

20116 9th Street SW, Lakebay

Listing courtesy of RE/MAX Exclusive.

$300,000

2522458 MLS ⋅ ACTIVE Status

Unique opportunity in a great location! With a park-like setting, this almost perfectly square, 2.48-acre lot is ready for your dream home or weekend getaway camping spot. This property is complemented by mature landscaping, tall Douglas firs, plum, fig, pear/apple trees, grapes, and more. Power, water, and septic are already on the property. The existing 672-square-foot, two-car garage provides space for toys or storage while you build. While you enjoy country living, you are also just minutes from Key Center for shopping and dining, with only a short drive to all Gig Harbor amenities and access to Hwy 16. Get ready to build memories!

16405 84th Street NW, Lakebay

Listing courtesy of Keller Williams Rty Tacoma.

$34,900

2521296 MLS ⋅ ACTIVE Status

This 0.32 acre / 14,000 sq. ft. vacant lot is located on a quiet dead end street in the middle of Herron Island; a private island with its own community ferry. This flat lot measures 80' x 175' x 80' x 175' and is partially cleared. There is water on the property. Two adjacent lots to the south (same size at 0.32 acre) are also for sale (907 & 905 East Madrona Blvd - all 3 together would be 0.96 acre). Enjoy the partial water view. Herron island community offers seasonal boat docks, boat launch, community beaches (x 2), parks & trails. Enjoy the peace, tranquility & beauty of Herron Island & all that it has to offer!

909 E Madrona Boulevard NW, Lakebay

Listing courtesy of Better Properties Gig Harbor.

$34,900

2521295 MLS ⋅ ACTIVE Status

This 0.32 acre / 14,000 sq. ft. vacant lot is located on a quiet dead end street in the middle of Herron Island; a private island with its own community ferry. This flat lot measures 80' x 175' x 80' x 175' and is partially cleared. There is water on the property. The adjacent lots on either side (north & south) (same size at 0.32 acre) are also for sale (905 & 909 East Madrona Blvd - all 3 together would be 0.96 acre). Partial water view. Herron island community offers seasonal boat docks, boat launch, community beaches (x 2), parks & trails. Enjoy the peace, tranquility & beauty of Herron Island & all that it has to offer!

907 E Madrona Boulevard NW, Lakebay

Listing courtesy of Better Properties Gig Harbor.

$375,000

2 Beds ⋅ 2 Baths ⋅ 2520753 MLS ⋅ ACTIVE Status

Affordable One Level Home on Acreage! Situated just 30 minutes from the creature comforts of Gig Harbor on the beautiful Key Peninsula, this nearly 4-acre spread near the tiny town of Home is full of potential. Bring your vision goggles and make it yours. The heavy lifting has already been done: you’ve got a brand-new septic system, an upgraded well, a metal roof, and a heat pump to keep things cozy. Whether you choose to remodel the existing home or utilize the previous 2-bedroom build approval to create something new, you’ll be surrounded by a year-round stream, a private pond, and fruit trees. For the "Bring Your Vision" enthusiast, the remnants of the original homestead and poultry shed are waiting for a creative revival. This property works as hard as you do with 2 driveways and five outbuildings—including a 480sf detached garage, and full RV hookups for your "consultants" (or adventurous guests). A laurel hedge is growing to provide privacy from the road. Whether you’re looking to flip, expand, or establish a multi-generational estate, the infrastructure is in place and the potential is limitless. Bring your plans—Home is calling! FINANCING AVAILABLE, INQUIRE WITH A REAL ESTATE PROFESSIONAL TO SEE REMARKS.

1916 Key Peninsula Highway NW, Lakebay

Listing courtesy of Martin Real Estate Group.

$34,900

2521294 MLS ⋅ ACTIVE Status

This 0.32 acre / 14,000 sq. ft. vacant lot is located on a quiet dead end street in the middle of Herron Island; a private island with its own community ferry. This flat lot measures 80' x 175' x 80' x 175' and is partially cleared. There is power and water on the property. The next two adjacent lots to the north (same size at 0.32 acre) are also for sale (907 & 909 East Madrona Blvd - all 3 together would be 0.96 acre). Partial water view. Herron island community offers seasonal boat docks, boat launch, community beaches (x 2), parks & trails. Enjoy the peace, tranquility & beauty of Herron Island & all that it has to offer!

905 E Madrona Boulevard NW, Lakebay

Listing courtesy of Better Properties Gig Harbor.

$199,000

2518701 MLS ⋅ ACTIVE Status

Discover your perfect slice of the Pacific Northwest! This level, 1.6-acre wooded parcel on Hoff Road sits just south of Joe’s Bay in the charming Town of Home—known for its boat ramp, mooring areas, park, and playground. Skip the stress of permits and planning! This property includes county-approved architectural plans and active building permits for a stunning 3BD/2.5BA, 2,223 sq. ft. home with vaulted ceilings and a spacious great room. The sellers built this same home next door—it’s gorgeous! Love the design but not the build process? The seller, a licensed general contractor, can potentially construct it for you. Listing is for vacant land only. Price reflects land value. Permits included (Pierce County #1048938).

16456 Hoff Road NW, Lakebay

Listing courtesy of Keller Williams Realty.

$349,900

3 Beds ⋅ 2 Baths ⋅ 2519168 MLS ⋅ ACTIVE Status

Welcome to your fully reimagined Herron Island retreat. Thoughtfully remodeled from top to bottom, this stunning 3-bedroom, 2-bath home offers 1,056 sq ft of stylish and functional living space in one of the Pacific Northwest’s most unique private island communities. Nearly every surface has been updated, creating a fresh, move-in-ready home that perfectly blends modern comfort with laid-back island charm. The open-concept layout is filled with natural light and designed for easy everyday living or weekend escapes. Updated finishes throughout give the home a clean, modern feel, while the spacious lot offers privacy, tranquility, and room to enjoy the outdoors. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity, this home offers the perfect balance of comfort and island living. Located on private ferry-access Herron Island, residents enjoy access to community beaches, parks, trails, seasonal docks, and a boat launch—all surrounded by the natural beauty of the Puget Sound. A rare opportunity to own a turnkey island home where everything has already been done for you. Seller will provide a 12-month home warranty with an acceptable offer for added peace of mind. Be sure to ask about potential seller-paid closing cost assistance!

22504 Maple Drive NW, Lakebay

Listing courtesy of Better Properties Gig Harbor.

$499,900

2 Beds ⋅ 1 Baths ⋅ 2516613 MLS ⋅ ACTIVE Status

Experience the best of Pacific Northwest waterfront living from this beautifully updated west-facing cabin, where spectacular sunsets and tranquil water views set the stage for everyday living. This rare property is one of only a handful on Herron Island offering both a private lagoon & tidelands—an exceptional opportunity to own a unique piece of waterfront. Inside, the light-filled 2-bedroom, 1-bath home features vaulted ceilings, skylights, & a wall of windows that showcase the ever-changing waterfront scenery. The open-concept living & dining areas flow effortlessly onto the deck, creating the perfect setting for entertaining or simply relaxing while watching the sun dip behind the Olympic Mountains. A charming petite A-frame trailer adds flexible living space, making an ideal guest retreat, art studio, home office, or cozy getaway. Extensive upgrades provide lasting value & peace of mind, including new metal roofs on all structures, resurfaced & refreshed decking, exterior paint, cable railing, & selective tree clearing. Inside, you'll appreciate updated appliances, tasteful bathroom improvements, replaced windows, & custom sun blinds. Additional features include a loft for extra storage, approx. 240 sq. ft. of storage beneath the deck, & a separate laundry room. Whether you're searching for a full-time residence, a peaceful weekend escape, or a memorable waterfront this exceptional property delivers comfort & an unparalleled island lifestyle—all at an incredible value!

108 Herron Lane NW, Lakebay

Listing courtesy of Better Properties Gig Harbor.

$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.

$532,950

3 Beds ⋅ 2 Baths ⋅ 2515083 MLS ⋅ CONTINGENT Status

NEW ROOF on this perfect blend of country living and equestrian lifestyle on 2.5 fully usable acres of flat, horse-ready land. This well-maintained, single-story ranch home featuring 3 bedrooms, 2 bathrooms, and an open-concept layout filled with natural light and designed for comfortable everyday living. Enjoy outdoor living with low-maintenance Trex decking—ideal for entertaining or relaxing—surrounded by mature fruit trees and wide-open space. The property offers fenced pasture and is fully equipped for horse lovers, featuring a 2-stall Noble shelter with a convenient bunk-out hay room and plenty of room to add a riding arena, round pen, or additional equine facilities. This horse property also includes a spacious garage/shop perfect for a workshop, equipment storage, or home-based business, plus dedicated RV parking with space for trailers, horse rigs, and recreational vehicles. With flat, usable acreage, expansion potential, and a peaceful rural setting, this property is ideal for those seeking a hobby farm, ranch property, or equestrian estate with room to grow.

3416 171 Avenue Ct NW, Lakebay

Listing courtesy of John L. Scott, Inc..

$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.

$65,000

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.

$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.

$479,000

3 Beds ⋅ 2 Baths ⋅ 2502933 MLS ⋅ ACTIVE Status

Escape to your own slice of tranquility in Lakebay! Nestled on 5.46 acres, this 3 bed, 2 bath home offers 1,512 sq ft of comfortable living surrounded by nature. Cozy up by the wood-burning stove or enjoy morning coffee on the deck overlooking your private acreage. The kitchen features stainless steel appliances, and the garage with shop is perfect for projects, storage, or toys. With no HOA, you’ll have the freedom to live the lifestyle you’ve been dreaming of.

4314 Lackey Road NW, Lakebay

Listing courtesy of BCR LLC.

$369,000

3 Beds ⋅ 2 Baths ⋅ 2502301 MLS ⋅ ACTIVE Status

Charming Palmer Lake home on a spacious .25-acre lot! 1,296 sq ft of comfortable living space with an inviting open floorplan! Enjoy the bright and open living room that flows seamlessly into the kitchen featuring stainless steel appliances, a stainless-steel farmhouse sink, white cabinetry, and an adjacent dining area—perfect for everyday living and entertaining. Durable waterproof laminate flooring runs throughout the home. The generous primary suite includes a walk-in closet and a walk-in shower, while two additional guest bedrooms and a full bath provide plenty of space for everyone. Outside, you’ll find ample room for RV parking and multiple outbuildings with storage—ideal for hobbies, tools, or extra storage needs. Experience all that Palmer Lake living has to offer with incredible community amenities, including private beaches, docks, picnic areas, and a fully stocked lake for fishing. Spend your days paddle boating, kayaking, canoeing, or simply relaxing by the water—this is lake life at its best!

1828 197th Avenue SW, Lakebay

Listing courtesy of Keller Williams Realty.

$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.

$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.

$359,000

2473382 MLS ⋅ ACTIVE Status

Truly exceptional 1.72 acre property on Carr Inlet with sweeping views of Puget Sound and 1/4 deeded share of 104 feet of rare LOW BANK WATERFRONT. 4-br SEPTIC with RV PORT, POWER, and WATER is already installed. Park your RV while you build your dream home or use this gem with a deck, forest trails, open fields, and great cell reception as a vacation property. Leave your kayaks just steps away from the water below the custom bulkhead. The beautiful sandy beach is loaded with clams, sand dollars, and sea creatures! This building site also has buried conduit for phone and cable. The access road has been freshly graded and repaved.

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.

$284,900

3 Beds ⋅ 2 Baths ⋅ 2461035 MLS ⋅ ACTIVE Status

Live the Island life! Have you ever wanted to have your personal Hide-away? A place where you pretty much know all your neighbors, and at the same time, the feeling that your living at a resort. Herron Island is a hidden gem in Puget Sound. The whole Island is one Homeowner association, owning waterfront park, their own ferry boat, plus playfields. Public water system and on Island fire station you are not without everything you need. The home here offers a rustic environmental feeling, but very functional. Primary suite on the main level, with two more bedrooms upstairs. Big living room with wood stove fireplace and large entertainment area with a lot of windows. You will absolutely want to see this for yourself.

22115 Maple Drive NW, Lakebay

Listing courtesy of Washington Realty Group.

$489,000

3 Beds ⋅ 3 Baths ⋅ 2466227 MLS ⋅ ACTIVE Status

Private Island living just 90 mins from Seattle and 30 min to Tacoma! Creative financing available! Herron Island, everyday life is a calm retreat. This spacious 3 story home sits on a rare triple lot with water views in two directions, abundant parking, two driveways, room to garden, gather, or simply enjoy the peaceful setting. Offering approx 2,860SF the one owner home features 3 beds, 3 baths, open concept living, dining and kitchen, plus expansive wraparound second story deck w waterproof flooring designed to take in the natural surroundings. A second ground level deck adds more outdoor living space. The oversized 20'/41' garage offers workshop space, hot/cold running water, and potential for future expansion, unfinished lower level provides room to expand or customize to your needs, while usable attic space and locking exterior storage add convenience. The home also includes a standby generator and ADT security system for added peace of mind. Herron Island's private ferry access community offers a truly unique lifestyle with beaches, parks, kayak access, boat launch, pickle ball, community garden, and seasonal gatherings. Wildlife is part of daily life, with deer wandering the island and eagles overhead. This is a rare opportunity to own in one of Washington's most distinctive island communities, known for its tranquility, welcoming atmosphere, and vacation home appeal. Island life is a dream afforded to few, this is your opportunity to turn the dream into a reality!

22415 S Herron Boulevard NW, Lakebay

Listing courtesy of Real Broker LLC.

$611,000

3 Beds ⋅ 3 Baths ⋅ 2456063 MLS ⋅ PENDING SHORT SALE Status

SHORT SALE!! Escape to a Private sanctuary in Lakebay - 3,037 sq. ft. home w/daylight basement that sits on 2.5 acres, offering unmatched tranquility & room to breathe. The seamless layout invites effortless living, while the expansive full-length deck provides a stunning backdrop for outdoor dining, quiet mornings, or gatherings beneath the Evergreens. Granite surfaces elevate the kitchen & baths & the primary suite offers a spa-quality experience with soaking tub, walk-in shower w/dual heads, & direct access to the deck. A walk-in pantry, dining alcove, generous laundry room, & flexible outbuilding add convenience & versatility. Space for RVs, boats, & more. Joemma Beach State Park only minutes away! A property that captures the essence of PNW Living!

2311 202nd Avenue SW, Lakebay

Listing courtesy of Keller Williams Eastside.

$130,000

2439517 MLS ⋅ ACTIVE Status

2.4 acres for under $130K — your blank canvas in Lakebay awaits. Towering maples and gentle tree canopy set the scene for this peaceful, privately-maintained parcel with power already on site. No prior development means no cleanup, no compromise, just a clean slate for your dream home, weekend retreat, or future investment. Minutes from Penrose State Park and just a 15-minute drive to town for groceries and essentials, this is quiet seclusion without sacrificing convenience. Bring your plans, your builder, and your vision. Opportunity like this, at this price, doesn't last.

120 184th Avenue Ct NW, Lakebay

Listing courtesy of Hawkins Poe.

$959,000

4 Beds ⋅ 3 Baths ⋅ 2433660 MLS ⋅ ACTIVE Status

Escape to your own private retreat with this expansive light-filled home situated on 5.91 acres. Designed for comfort & function, this home offers exceptionally large rooms, abundant storage, huge island kitchen with commercial style viking cooktop, 6 burners + griddle, double wall ovens, pantry cabinets, spectacular vaulted living rm, XL bedrooms, a flex room, and expansive deck overlooking the property and a fire pit. A major highlight is the oversized garge/shop bldg - ideal for car enthusiasts, hobbyists or professionals, space for multiple vehicles, shop area, paint booth setup and pellet stove. Newer roofs both buildings, less than 5 min to shopping in Key Center, close to parks, beaches, schools, etc. on the beautiful Key Peninsula. This property combines the best of private acreage and convenience.

16705 92nd Street NW, Lakebay

Listing courtesy of Priority One Realty Inc..

$39,000

2424829 MLS ⋅ ACTIVE Status

This 0.37 acre / 16,000 sq. ft. vacant lot is located on a quiet dead end street in the middle of Herron Island; a private island with its own community ferry. This lot measures 80' x 200' x 80' x 200' and backs onto community owned land. The lot has a water assessment. The next two adjacent lots to the south (same size at 0.37 acre each) are also for sale (906 & 908 East Madrona Blvd). 908 has electrical & a drain-field installed! Herron island community offers seasonal boat docks, boat launch, community beaches (x 2), parks & trails. Enjoy the peace, tranquility & beauty of Herron Island & all that it has to offer

910 E Madrona Boulevard NW, Lakebay

Listing courtesy of Better Properties Gig Harbor.

$29,000

2424825 MLS ⋅ ACTIVE Status

This 0.37 acre / 16,000 sq. ft. vacant lot is located on a quiet dead end street in the middle of Herron Island; a private island with its own community ferry. This lot measures 80' x 200' x 80' x 200' and backs onto community owned land. The lot has a water assessment. The next two adjacent lots to the north (same size at 0.37 acre) are also for sale (908 & 910 East Madrona Blvd). 908 has electrical & a drain-field installed! Herron island community offers seasonal boat docks, boat launch, community beaches (x 2), parks & trails. Enjoy the peace, tranquility & beauty of Herron Island & all that it has to offer!

906 E Madrona Boulevard NW, Lakebay

Listing courtesy of Better Properties Gig Harbor.

$49,000

2424826 MLS ⋅ ACTIVE Status

Welcome to your dream PNW location on a private island with its own community ferry! This beautiful 0.37 acre (16,000 sq. ft.) property is the perfect place to build your dream home, or set up a luxury camping site to getaway! Measuring 80' x 200' this lot has water (sourced from community well) plus electricity & a septic drain field (installed in 2009). The lot backs onto community owned land. The lots on either side (each the same size at 0.37 acre) are for sale (906 & 910 East Madrona Blvd). This island community offers seasonal boat docks, boat launch, community beaches (x 2), parks & trails. Enjoy the peace, tranquility & beauty of Herron Island & all that it has to offer!

908 E Madrona Boulevard NW, Lakebay

Listing courtesy of Better Properties Gig Harbor.

$169,950

2423064 MLS ⋅ ACTIVE Status

ATTN: Price dropped..! Build your own dream home, or use it for your Mobile Home Park site on a Beautiful Over 4.5 acres vacant land with a seasonal stream and a pond..! w/the street recently re-done. An old logging road leading to the pond and may have had an approved septic design and well site previously. The power are right in the front, Must see...! The entrance is in between "the 2 old dried-up trees". Close to Lakebay Community Church, Evergreen Elementary Sch, Key Peninsula Middle Sch, Etc..! Seller are HIGHLY MOTIVATED...! MUST SEE...! Buyer to verify all info your own uses.

2721 158th Avenue SW, Lakebay

Listing courtesy of John L. Scott, Inc.

$359,950

2357041 MLS ⋅ ACTIVE Status

Dreaming of waterfront living? Here is your chance for the best lot on the sound! Perched on a bluff above the stunning Carr Inlet, this 1.46-acre lot offers 150 feet of waterfront and endless views—including Mt. Rainier in full glory. Tucked at the end of a private drive, this cleared and level lot is ready for your dream home. Enjoy amazing beach access, daily visits from local wildlife, and the peace of Puget Sound right outside your window. Just 15 minutes to Costco/YMCA and 20 minutes to downtown Gig Harbor And yes—it’s a short stroll to the beach!

14811 71st Street NW, Lakebay

Listing courtesy of CENTURY 21 North Homes Realty.

$215,900

2329641 MLS ⋅ ACTIVE Status

Private 10-acre level parcel in desirable Lakebay on the Key Peninsula. Existing driveway provides easy access with power available at the street. Ideal setting for a custom home or private retreat, offering space, privacy, and a peaceful natural environment. Enjoy close proximity to Penrose Point State Park, the Saltwater Lakebay Marina Resort, and beautiful Bay Lake for fresh water fishing, boating, and outdoor recreation. Previously approved septic design (expired 2/25/2019). Buyer to verify all information to their satisfaction.

14817 24th St SW, Lakebay

Listing courtesy of Coldwell Banker Park Shore RE.

$199,000

2287787 MLS ⋅ ACTIVE Status

Every so often, a truly special property comes along, and Herron Hill is one of those rare opportunities. Tucked away at the end of a quiet dead-end road on the Key Peninsula, this beautiful five-acre parcel offers the privacy, tranquility, and natural beauty that make country living so appealing. A partially cleared homesite near the top of the property is ready for your vision and may offer Olympic Mountain views with selective clearing. Mature trees provide a peaceful setting, along with the potential for marketable timber, and the property has already been surveyed with corners clearly marked. Whether you've been dreaming of building your forever home or simply owning a private retreat, this property offers an exceptional place to start. Seller financing may be available, creating a unique opportunity for buyers who have always wanted to own land but are looking for greater flexibility than traditional financing may offer. Just a short drive to Gig Harbor, Highway 16, parks, and waterfront recreation, this is your chance to create something truly special.

1415 208th Avenue SW, Lakebay

Listing courtesy of RE/MAX Exclusive.

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