2723 Key Peninsula Highway SW Lakebay, WA $ 939,000
2723 Key Peninsula Highway SW
$ 939,000
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2723 Key Peninsula Highway SW

Lakebay, WA, 98349
$ 939,000
Bedrooms4 Baths2.0 Sq 2,534

Monthly Estimate*

$ 5,782

Listed by RE/MAX Exclusive
2723 Key Peninsula Highway SW, Lakebay, WA 98349 - Image 1
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Single Family Home for sale in Lakebay, WA

for $939,000 with 4 bedrooms and 2 full baths. This 2,534 square foot home was built in 1940 on a lot size of 10.

Dreaming of country living with endless potential? This picturesque 10-acre hobby farm offers the perfect blend of rustic charm, functionality, and opportunity. The property features pasture for horses, a loafing shed, mini-barn, detached garage, huge pole building/shop, a seasonal duck pond, and a truly special original homestead barn over 100 years old, ready to be restored to its former glory or reimagined as a one-of-a-kind venue for gatherings, barn parties, or harvest celebrations. The inviting Craftsman farmhouse is full of warmth and character, highlighted by a large covered front porch made for sipping lemonade or sweet tea while taking in the peaceful farm setting. Adding to the property’s charm is a mature orchard featuring 16 varieties of apples, Asian pears, and plums, creating a beautiful and fruitful extension of the farm lifestyle. Inside, you’ll find a main-level primary suite, a charming country kitchen with pot-belly stove, a dining room overlooking the property, plus 3 upstairs bedrooms and an office/bonus room. Whether you’re dreaming of animals, gardens, entertaining, workshops, or simply room to roam, this property is rich with possibility.

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Single Family Active

Price

$ 939,000

Bedrooms

4

Full Bath

2

Property Type

Single Family

Taxes

$ 6,825

Style

1 1/2 Story

Lot Size

10

Year Built

1940

Town/City

Lakebay

County/Region

Pierce

MLS | Web ID

2499275

Features
General
Living Area 2534
Sewer Septic Tank
Heating Forced Air Heat Pump Stove/Free Standing
Cooling Forced Air Heat Pump
Possession Closing
Roof Composition
Appliances Dishwasher Double Oven Dryer Microwave Refrigerator Stove(s)/Range(s) Washer
HOA Fee 0
Security Features Partially Fenced
Year Built 1940
View Pond Territorial
Topography Equestrian Level Rolling
Levels One and One Half
Property Subtype Single Family Residence
Tax Year 2026
County Pierce
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Lakebay
Garage Y/N Y
Full Baths 1
Special Listing Conditions None
Status Active
Directions From KPN: Past Key Center and the town of Home onto KPS -1/2 Mile Past Evergreen Elementary To Farmhouse on left side.
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 435600
Carport Y/N Y
Listing Terms Cash Conventional FHA VA Loan
Elementary School Evergreen Elem
Land Lease Y/N N
Tax Annual Amount 6825
Middle/Junior High School Key Peninsula Mid
Public Remarks Dreaming of country living with endless potential? This picturesque 10-acre hobby farm offers the perfect blend of rustic charm functionality and opportunity. The property features pasture for horses
Virtual Tour https://l.lh.studio/videos/019d5493-76e1-73f9-b4a8-23ebb919580e
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company Individual Well
Property Style 11 - 1 1/2 Story
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Interior
Interior Amenities Bath Off Primary Ceiling Fan(s) Dbl Pane/Storm Window Dining Room Fireplace Skylight(s) Wet Bar
Basement None
Flooring Ceramic Tile Hardwood Vinyl Carpet
Total Fireplaces 2
Fireplace Features Wood Burning
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Half Baths 0
3/4 Baths 1
Total Bedrooms 4
Main Level Bedrooms 1
Total Baths 2
Fireplaces Main 2
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 3
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 Pasture
Parking Features Detached Carport Driveway Detached Garage RV Parking
Water Source Individual Well
Total Parking 4
Inclusions Dishwasher(s) Double Oven Dryer(s) Microwave(s) Refrigerator(s) Stove(s)/Range(s) Washer(s)
Foundation Details Poured Concrete
Building Area Total 2534
Lot Size Acres 10
Waterfront Y/N N
Covered Spaces 4
Irrigation Water Rights Y/N N
Site Features Barn Cable TV Deck Fenced-Partially Green House High Speed Internet Outbuildings Patio RV Parking Shop
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Internal Only
OriginalMLSID NWM2499275
Street Number 1 2723
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* Excluded Features
List By
Stephanie L. Patrick

Listing Agent

Re/Max Exclusive

Broker

Affordability Calculator

$6,350
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,782
Monthly Property Taxes
$569
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
4/3/2026$939,000 Listed Price

Map


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2723 Key Peninsula Highway SW, Lakebay, WA, 98349 is a Single Family Home for sale at $939,000 with 2,534 sqft and a lot size of 10. 2723 Key Peninsula Highway SW has 4 bedrooms, 2.0 baths, and was built in 1940. The property's zip code is 98349 which is in Lakebay, WA