98349 Homes under $500,000

98349 Homes under $500,000

Welcome to Lakebay, Washington, a picturesque gem nestled in the heart of Pierce County, with the delightful zip code 98349. This charming community offers a serene lifestyle surrounded by the natural beauty of the Pacific Northwest, making it an ideal location for those seeking tranquility and connection with nature.

Lakebay boasts a variety of homes under $500,000, providing excellent opportunities for first-time buyers, families, and anyone looking to invest in a peaceful retreat. These homes often feature spacious layouts, beautiful gardens, and easy access to outdoor activities, ensuring that you can enjoy the stunning landscapes that define this region. From cozy cabins to modern family homes, there’s a diverse selection to suit every taste and budget.

The area is renowned for its proximity to the breathtaking waterways of Puget Sound, where residents can indulge in boating, fishing, and waterfront picnics. Nature enthusiasts will appreciate the nearby parks and trails, perfect for hiking, biking, and exploring the lush forests that characterize the region. Plus, with a welcoming community atmosphere, you’ll find plenty of local events and activities to engage with your neighbors and make lasting memories.

Living in Lakebay means embracing a lifestyle that balances comfort, affordability, and the great outdoors. Whether you’re drawn by the allure of waterfront living or the charm of a tight-knit community, homes in the 98349 zip code offer an exceptional opportunity to create your dream life in Washington State. Come discover the magic of Lakebay today!

Newest 98349 Homes under $500,000

1704 197th Avenue SW, Lakebay
$465,000
3 Beds ⋅ 2 Baths ⋅ 2600160 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 Broker: Crafted Real Estate; Brittney Bell; 360-731-7177; bell@craftedre.com

19307 22nd ST Court, Lakebay
$375,000
3 Beds ⋅ 2 Baths ⋅ 2599291 MLS ⋅ ACTIVE Status
Wake up to Palmer Lake views in this 2025 modern shed-roof home, just a block from the private community clubhouse, beach park, boat launch and playground! Inside you’ll find 9' ceilings, a bright open layout and a large kitchen island with a stainless farm sink, perfect for cooking and gathering, plus a dining area where you can take in the peaceful water view. Luxury vinyl plank flows through the kitchen and baths, and modern ceiling fans, mini blinds with window valances and efficient heating add comfort and style. The primary suite features a double vanity bath and a large walk-in closet, with 3 bedrooms and 1.75 baths in all. Outside, new privacy fencing wraps most of the level lot, creating a private spot for relaxing evening fires while you soak in the serene lake view. The open land in front is a septic drainfield, which helps keep that view clear. An upgraded block skirting package adds lasting quality you won’t find on every manufactured home. Community membership is only $40 a year, and HOA dues are just $15 a month for road maintenance. Enjoy swimming, boating and easy living in a quiet Key Peninsula setting. Schedule your showing and see the view for yourself!

19307 22nd ST Court, Lakebay

Listing Broker: Better Properties Gig Harbor; Shari Evans; 360-509-8866; sharievans360@gmail.com

1207 E Madrona Boulevard NW, Lakebay
$299,000
3 Beds ⋅ 3 Baths ⋅ 2598378 MLS ⋅ ACTIVE Status
Escape to your own slice of island life! This 1,370 sq. ft. cabin sits on Herron Island, accessible by private ferry, and offers 3 bedrooms and 2.5 baths across a layout built for gathering. Originally built in 1966, the home has seen thoughtful additions and updates over the years, including a durable metal roof. Step into a cozy living room with fireplace, open to the kitchen for easy entertaining. The main floor also features a laundry room with half bath, two bedrooms, a full bathroom, and a family room with a hide-away bed for extra guests. Upstairs, a private bedroom retreat awaits with its own 3/4 bath and covered deck, the perfect spot to soak in the filtered water views. Enjoy an easy stroll to the community beach, boat launch, seasonal docks, parks, and trails. The detached garage currently serves as a workshop, ready for your next project. Sale includes an additional vacant lot for a total of 0.80 acres, all tucked along a quiet island cul-de-sac road.

1207 E Madrona Boulevard NW, Lakebay

Listing Broker: Morrison House Sotheby's Intl; Christopher Floyd; 253-220-5700; epicPNWhomes@gmail.com

19116 21st Street SW, Lakebay
$275,000
3 Beds ⋅ 2 Baths ⋅ 2598393 MLS ⋅ ACTIVE Status
Experience all that lakefront living has to offer, while recreating or relaxing from this one-level view home ideally situated on a premier lot adjacent to Palmer Lake. Complete with picturesque gardens and a lawn that gently slopes toward the lake, the property offers a sense of peaceful retreat and endless opportunities from the private community swimming and fishing docks, picnic areas, and park. Bordered by a green belt for privacy, the home features 3 bedrooms and 2 baths, living room connected to a large kitchen with dining space, newer floors, patio for entertaining, fenced back yard, and ample parking. Appreciate the Palmer Lake sense of community and enjoy nearby Joemma and Penrose State Parks on the Puget Sound.

19116 21st Street SW, Lakebay

Listing Broker: eXp Realty; Berklee Olson; 209-819-0528; berkleeo@gmail.com

20226 26th Street SW, Lakebay
$495,000
3 Beds ⋅ 2 Baths ⋅ 2595109 MLS ⋅ ACTIVE Status
Enjoy room to spread out on 2.5 wooded acres with this spacious 3 bed, 2 bath home offering nearly 1,800 sqft of comfortable single-level living. A light-filled interior welcomes you with generous living and dining spaces, warm laminate flooring, skylights, and a freestanding wood stove that creates a cozy focal point for those chilly PNW nights. The roomy kitchen offers abundant cabinetry, useful island, plenty of countertop space, and an easy flow into the dining area. French doors, ceiling fans, double-pane windows, and a private primary suite with attached bath add to this home’s everyday comfort. A dedicated utility room with washer and dryer provides added convenience as well. Outside, the property offers a peaceful blend of open, level areas and mature trees with plenty of space for gardening, recreation, hobbies, or simply enjoying the privacy. An impressive 960 sqft of garage space with built in work space, 2 bays + an RV height door, plus additional outbuildings for storage & hobbies. This property provides excellent room for vehicles, projects, equipment, and storage. Located in Lakebay on the beautiful Key Peninsula, enjoy a quieter, more rural lifestyle surrounded by the natural beauty of the Pacific Northwest. Nearby parks, trails, beaches, and Puget Sound recreation offer endless opportunities to get outdoors, while Key Peninsula Hwy provides access to local amenities and connections toward Gig Harbor and beyond.

20226 26th Street SW, Lakebay

Listing Broker: Keller Williams Realty; Drake Robert Romeo; 253-514-0575; drakeromeorealty@gmail.com

19518 28th Street SW, Lakebay
$298,892
3 Beds ⋅ 2 Baths ⋅ 2594777 MLS ⋅ ACTIVE Status
Bring your own personal touches to this sparkling freshly remodeled 3 bedroom 2 bath Manufactured home. Brand new Kitchen, all fresh Paint, new flooring, windows and recent roof and water heater make this the maintenance free path to community water front good times! Its big back yard is a wonderful private haven.

19518 28th Street SW, Lakebay

Listing Broker: Realty West Properties; David B. Watkins; 206-510-7672; thedbwatkins@gmail.com

2621 194th Avenue SW, Lakebay
$379,500
3 Beds ⋅ 2 Baths ⋅ 2594801 MLS ⋅ ACTIVE Status
Welcome to Palmer Lake Community and private access to the Waterfront, Dock, Playground and Park. Truly a gem in the NW Living on the Key Peninsula. Joemma Park and Penrose State Park just around the corner too ... Enjoy fishing, kayaking, boating, crabbing, and more at these saltwater parks. This home has just undergone a fresh update with all new carpeting, appliances, a landscaping refresh, and it is sparkling clean! Over 1500 SQ FT of living space with 3 Bedrooms, Den/Office, 2 Full Baths and an Open Design layout! Flooded with natural light with skylights, kitchen access to the Dining Room, Breakfast Nook and Eating Bar. A very spacious feeling with vaulted ceilings and windows facing East & West for all day sunshine. Entry Porch and Rear Deck... Partially fenced and there is a storage building. Loads of parking and a corner lot. HOA fee is just $230 per YR... covers the park, picnic tables, restrooms, lake access and the lake is stocked for year round fishing! Easy commute to both Port Orchard, Purdy, and Gig Harbor!

2621 194th Avenue SW, Lakebay

Listing Broker: John L. Scott, Inc.; Rhonda Edwards; 360-731-5988; RhondaEdwards@johnlscott.com

19518 18TH Street Ct SW, Lakebay
$386,500
3 Beds ⋅ 2 Baths ⋅ 2587463 MLS ⋅ ACTIVE Status
Assumable 4.5% VA loan available to qualified buyers, including non-veterans, subject to lender approval! Approx 362k balance on mortgage. Enjoy a fixed interest rate with no mortgage insurance and a current principal and interest payment of approximately $1,989/month, excluding taxes and insurance. Built in 2021, this home features an open-concept living area, spacious kitchen with breakfast bar, dining area, and flexible office space. The primary suite offers a private full bath and walk-in closet. Set on approximately 0.27 acre with a partially fenced yard and storage shed. Enjoy Palmer Lake community amenities, including lake access, private beach parks, boat launch, dock, picnic area, and basketball court. Discover newer-home comfort and an attractive financing opportunity on the Key Peninsula.

19518 18TH Street Ct SW, Lakebay

Listing Broker: Pellego, Inc.; Vito Dunmire; 253-237-2145; Vito@iSellHousesWA.com

406 E Madrona Drive, Lakebay
$289,000
1 Beds ⋅ 1 Baths ⋅ 2572099 MLS ⋅ ACTIVE Status
Catch the ferry, watch the shoreline shrink behind you, and arrive somewhere most people don't even know is real. Herron Island is one of the last privately-owned islands in Puget Sound, home to a close community of just over 100 residents, where eagles wheel overhead, deer wander freely, and the noise of everyday life feels miles away. Spend your time at North Beach Park, the untouched shoreline of South Beach, or the quiet of Goodpastor Park. It's the kind of place visitors stumble upon and keep thinking about long after they leave. This 1-bedroom, 1-bath bungalow with a versatile bonus room sits on just over half an acre — one of the island's bigger buildable lots — and has already been upgraded with a complete kitchen and bathroom remodel plus brand-new appliances. The foundation for a mini homestead is in place too: a fenced, deer-proof garden bed where dahlias used to bloom, and a chicken coop waiting for its next flock. Keep it as a private getaway, list it as a rental when you're not around, or hang onto it as a launchpad for something larger later. HOA includes water. You'll reach the island via the community ferry, the Charlie Wells, a quick 10-minute ride that changes everything.

406 E Madrona Drive, Lakebay

Listing Broker: Morrison House Sotheby's Intl; Christopher Floyd; 253-220-5700; epicPNWhomes@gmail.com

16119 Pollack Drive NW, Lakebay
$429,950
3 Beds ⋅ 2 Baths ⋅ 2572115 MLS ⋅ ACTIVE Status
Private charming 3 bedroom house sitting on 1 1/4 acres in a park like setting. Two full bathrooms, dressing area, kitchen, dining area, den, living room, and laundry room. There are beautiful aluminum ramps for easy access for handicap accessibility. All new paint inside and new laminate flooring thru out the house. A new roof was professionally installed this year. The house comes with 1/4 share in the well that serves the house. It is move in ready and just waiting for a new owner.

16119 Pollack Drive NW, Lakebay

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

1310 E Herron Boulevard NW, Lakebay
$495,000
3 Beds ⋅ 2 Baths ⋅ 2569775 MLS ⋅ ACTIVE Status
Discover island living at its best in this charming single-story cabin on a rare double lot—two separate taxable lots—with gorgeous water views. This inviting 3-bedroom, 2-bath home offers comfortable single-level living and a peaceful island retreat which looks down onto the community beach on the north end of the island. A unique bonus is the accessible area beneath the home, providing convenient parking/storage space for a small boat, golf cart, or similar recreational vehicle. Whether you're looking for a peaceful getaway, full-time island home, or a place to create lasting memories, this property offers an exceptional opportunity. Recent updates include a new roof, double pane windows and exterior paint. Herron Island is a private island community with its own passenger/vehicle ferry, making the journey part of the experience. Enjoy the water, explore the island, and embrace the relaxed pace of island living. With two lots, open water views, and versatile space beneath the home, this is a special opportunity to own your own piece of Herron Island! Interior photos to follow on Tuesday (18th)!!

1310 E Herron Boulevard NW, Lakebay

Listing Broker: Better Properties Gig Harbor; Karen D. Dorans; 253-219-4076; karen@herronisland.com

2616 196th Avenue SW, Lakebay
$429,999
3 Beds ⋅ 2 Baths ⋅ 2569353 MLS ⋅ CONTINGENT Status
Palmer Lake Community is calling your name! Tucked into a fabulous area with parks and waterfront nearby, this open-concept single-story home checks every box. Fully fenced to keep the wayward soccer ball on property (should you like that sort of thing), and placed midway down a peaceful cul-de-sac for extra privacy. Need a place to store your gardening treasures or hobby creations? A gate large enough for your boat or RV leads to a sturdy, super-dry shed. Want a cover for that boat, too? The seller is willing to leave an additional cover just inside the gates.Inside, vaulted ceilings let this home live large, while french doors off the great room open to the perfect patio for BBQs and entertaining. And with Palmer Lake itself just moments away, summer fun is never far — swimming, boating, and lakeside relaxation all included. Truly a gem worthy of your viewing.

2616 196th Avenue SW, Lakebay

Listing Broker: John L. Scott, Inc.; AnnaLee Todd; 360-340-2104; annaleebaglio@johnlscott.com

Start Your Search
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

How much is your home worth?

Get instant property value now!