402 E Madrona Boulevard NW Lakebay, WA $ 379,000
402 E Madrona Boulevard NW
$ 379,000
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402 E Madrona Boulevard NW

Lakebay, WA, 98349
$ 379,000
Bedrooms2 Baths2.0 Sq 1,467

Monthly Estimate*

$ 2,334

Listed by Better Properties Gig Harbor
402 E Madrona Boulevard NW, Lakebay, WA 98349 - Image 1
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Single Family Home for sale in Lakebay, WA

for $379,000 with 2 bedrooms and 2 full baths. This 1,467 square foot home was built in 1975 on a lot size of 0.6128.

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!!

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Single Family Active

Price

$ 379,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 3,681

Style

1 Story

Lot Size

0.6128

Year Built

1975

Town/City

Lakebay

County/Region

Pierce

MLS | Web ID

2492798

Features
General
Living Area 1467
Sewer Septic Tank
Heating Baseboard Wall Furnace
Cooling None
Possession Closing
Roof Composition
Appliances Dishwasher Dryer Refrigerator Stove(s)/Range(s) Washer
HOA Fee 1880
Association Fee Includes Common Area Maintenance Road Maintenance
Security Features Partially Fenced
Year Built 1975
View Partial See Remarks Territorial
Topography Level
Levels One
Property Subtype Single Family Residence
Tax Year 2026
Community Features Athletic Court Boat Launch Park Playground Trail(s)
Building Name Herron Island Div # 5
Assoc Fee Paid Per Semi-Annually
County Pierce
New Construction N
Property Type Residential
HOA Y
Attached Garage N
Subdivision Name Herron Island
Facing Direction East
Full Baths 1
Special Listing Conditions None
Status Active
Directions Hwy 16 Purdy exit. Key Peninsula Hwy to the town of Home turn R (immediately after USPS) on Herron Road follow 3 miles to the ferry. Off island up hill stay L take 2nd left then first L.
High School Peninsula High
City Lakebay
Entry Location Main
Senior Community Y/N N
High School District Peninsula
MLS Area 4 - Key Peninsula South
Lot Size Units Square Feet
Lot Size Square Feet 26693
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Evergreen Elem
Land Lease Y/N N
Tax Annual Amount 3681.46
Middle/Junior High School Key Peninsula Mid
Property Condition Average
Public Remarks Slow down youve 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 singl
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company Herron Island Water
Property Style 10 - 1 Story
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Interior
Interior Amenities Bath Off Primary Dbl Pane/Storm Window Loft Walk-In Closet(s) Water Heater
Basement None
Flooring Vinyl Carpet
Total Fireplaces 0
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
3/4 Baths 1
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 2
Water Heater Type Electric
Water Heater Location Kitchen cupboard
Fireplaces Upper 0
Fireplaces Main 0
Fireplaces Lower 0
Power Production Type Electric
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 1
Baths Three Quarter Upper 0
Bedrooms Lower 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Half Main 0
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 0
Baths Full Main 1
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 1.75
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Exterior
Exterior Amenities Wood Wood Products
Vegetation Fruit Trees Garden Space
Parking Features Driveway Off Street RV Parking
Water Source Community
Total Parking 0
Inclusions Dishwasher(s) Dryer(s) Leased Equipment Refrigerator(s) Stove(s)/Range(s) Washer(s)
Building Area Total 1467
Lot Dimensions 195x148x116x154
Lot Size Acres 0.6128
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Deck Fenced-Partially Outbuildings Propane RV Parking
Parking Uncovered Total 2
Lot Number 34 & 35
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Internal Only
OriginalMLSID NWM2492798
Street Number 1 402
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* Excluded Features
List By
Karen D. Dorans

Listing Agent

Better Properties Gig Harbor

Broker

Affordability Calculator

$2,640
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,334
Monthly Property Taxes
$307
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256816 Elementary School
257425 Middle School
Peninsula High High School
Pricing History
DatePricePrice ChangeDescription
3/15/2026$379,000 Listed Price

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402 E Madrona Boulevard NW, Lakebay, WA, 98349 is a Single Family Home for sale at $379,000 with 1,467 sqft and a lot size of 0.6128. 402 E Madrona Boulevard NW has 2 bedrooms, 2.0 baths, and was built in 1975. The property's zip code is 98349 which is in Lakebay, WA