1916 Key Peninsula Highway NW Lakebay, WA $ 375,000
1916 Key Peninsula Highway NW
$ 375,000
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1916 Key Peninsula Highway NW

Lakebay, WA, 98349
$ 375,000
Bedrooms2 Baths2.0 Sq 1,248

Monthly Estimate*

$ 2,309

Listed by Martin Real Estate Group
1916 Key Peninsula Highway NW, Lakebay, WA 98349 - Image 1
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Single Family Home for sale in Lakebay, WA

for $375,000 with 2 bedrooms and 2 full baths. This 1,248 square foot home was built in 1976 on a lot size of 3.86.

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!

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Single Family Active

Price

$ 375,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 3,160

Style

Manuf-Double Wide

Lot Size

3.86

Year Built

1976

Town/City

Lakebay

County/Region

Pierce

MLS | Web ID

2520753

Features
General
Living Area 1248
Sewer Septic Tank
Heating Heat Pump
Cooling Heat Pump
Possession Closing
Roof Metal
HOA Fee 0
Year Built 1976
View Territorial
Topography Level Steep Slope
Levels One
Property Subtype Manufactured On Land
Tax Year 2026
County Pierce
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Home
Garage Y/N Y
Full Baths 1
Special Listing Conditions None
Status Active
Directions Head south on Key Peninsula Hwy NW property will be on the right.
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 168142
Carport Y/N N
Listing Terms Cash Conventional See Remarks VA Loan
Elementary School Evergreen Elem
Land Lease Y/N N
Tax Annual Amount 3160
Body Type Double Wide
Middle/Junior High School Key Peninsula Mid
Public Remarks 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
Structure Type Manufactured House
Building Area Units Square Feet
Standard Status Active
Water Company Individual Well
Property Style 21 - Manuf-Double Wide
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Interior
Interior Amenities Bath Off Primary Dbl Pane/Storm Window Dining Room Fireplace Wired for Generator
Basement None
Flooring Laminate Vinyl Carpet
Total Fireplaces 1
Fireplace Features Gas
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Half Baths 0
3/4 Baths 1
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 2
Bedrooms Possible 2
Fireplaces Main 1
Power Production Type Electric Propane Wood
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 Metal/Vinyl
Vegetation Brush Fruit Trees Garden Space Wooded
Parking Features Driveway Detached Garage RV Parking
Lot Features Open Space Paved Value In Land
Water Source Individual Well
Total Parking 2
Building Area Total 1248
Lot Size Acres 3.86
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Deck High Speed Internet Outbuildings RV Parking
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Internal Only
OriginalMLSID NWM2520753
Street Number 1 1916
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* Excluded Features
List By
Marcie Martin

Listing Agent

Martin Real Estate Group

Broker

Affordability Calculator

$2,572
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,309
Monthly Property Taxes
$263
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
5/10/2026$375,000 Listed Price

Map


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1916 Key Peninsula Highway NW, Lakebay, WA, 98349 is a Single Family Home for sale at $375,000 with 1,248 sqft and a lot size of 3.86. 1916 Key Peninsula Highway NW has 2 bedrooms, 2.0 baths, and was built in 1976. The property's zip code is 98349 which is in Lakebay, WA