308 Key Peninsula Highway NW Lakebay, WA $ 650,000
308 Key Peninsula Highway NW
$ 650,000
Recently Listed
Open House 6/20 11am - 1pm
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308 Key Peninsula Highway NW

Lakebay, WA, 98349
$ 650,000
Bedrooms2 Baths2.1 Sq 1,768

Monthly Estimate*

$ 4,002

Listed by PropertiesNW of Gig Harbor Ltd
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Single Family Home for sale in Lakebay, WA

for $650,000 with 2 bedrooms and 2 full baths, 1 half bath. This 1,768 square foot home was built in 2017 on a lot size of 4.74.

Welcome to Lakebay, where life slows down and there's finally room to live the way you've always imagined. Set on 4.74 usable acres behind an expansive gated driveway, this charming country property offers the perfect balance of privacy, comfort, and opportunity. Surrounded by mature trees and beautiful afternoon views, the property invites you to embrace the outdoors. Enjoy summer evenings on the newer patio, pick cherries from your own tree, explore your land while winding through the scenic wooded portion of the property, or create the hobby farm you've always dreamed about. With ample open space, the land is well-suited for animals, gardens, recreational vehicles, outdoor hobbies, and so much more. Inside, the home offers a functional and comfortable layout that lives like a 3-bedroom home, with a spacious primary suite featuring an ensuite bath and walk-in closet. The inviting kitchen provides plenty of room to gather, while modern systems and thoughtful updates help make everyday living easy. A shared well serves the property, and multiple outbuildings provide valuable storage space for tools, equipment, recreational gear, or livestock supplies. Properties like this are becoming increasingly difficult to find. Offering nearly five acres of usable land, privacy, flexibility, and the peaceful lifestyle the Key Peninsula is known for, this is more than just a home. It's an opportunity to create the lifestyle you've been searching for.

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Open House

6/20/2026 11:00 AM - 1:00 PM
308 Key Peninsula Highway NW Lakebay, WA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Single Family Active

Price

$ 650,000

Bedrooms

2

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 5,408

Style

2 Story

Lot Size

4.74

Year Built

2017

Town/City

Lakebay

County/Region

Pierce

MLS | Web ID

2541483

Features
General
Living Area 1768
Sewer Septic Tank
Heating Ductless Wall Furnace
Cooling Ductless
Possession Closing
Roof Composition
Appliances Dishwasher Microwave Refrigerator See Remarks Stove(s)/Range(s)
HOA Fee 0
Security Features Security Gate
Year Built 2017
View Territorial
Topography Partial Slope
Levels Two
Property Subtype Single Family Residence
Tax Year 2026
County Pierce
New Construction N
Property Type Residential
HOA N
Attached Garage Y
Subdivision Name Lakebay
Garage Y/N Y
Full Baths 2
Special Listing Conditions None
Status Active
Directions From Hwy 16 take the Purdy/Key Peninsula exit onto SR 302 W. Continue approx. 15 miles then left onto Key Peninsula Hwy NW. Property is on the right at 308 Key Peninsula Hwy NW.
High School Peninsula High
City Lakebay
Senior Community Y/N N
High School District Peninsula
MLS Area 4 - Key Peninsula South
Lot Size Units Square Feet
Lot Size Square Feet 206474
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Evergreen Elem
Land Lease Y/N N
Tax Annual Amount 5408.3
Middle/Junior High School Key Peninsula Mid
Property Condition Very Good
Public Remarks Welcome to Lakebay where life slows down and there's finally room to live the way you've always imagined. Set on 4.74 usable acres behind an expansive gated driveway this charming country property of
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company Shared Well
Property Style 12 - 2 Story
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Interior
Interior Amenities Water Heater
Flooring Vinyl Plank Carpet
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 1
3/4 Baths 0
Total Bedrooms 2
Main Level Bedrooms 0
Total Baths 3
Bedrooms Possible 2
Water Heater Type Electric
Water Heater Location Garage
Power Production Type Electric
Baths Three Quarter Garage 0
Baths Three Quarter Lower 0
Baths Three Quarter Main 0
Baths Three Quarter Upper 0
Bedrooms Lower 0
Bedrooms Upper 2
Baths Half Upper 0
Baths Half Main 1
Baths Half Lower 0
Baths Half Garage 0
Baths Full Upper 2
Baths Full Main 0
Baths Full Lower 0
Baths Full Garage 0
Bathrooms 2.5
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Exterior
Exterior Amenities Cement Planked
Vegetation Brush Fruit Trees Garden Space Wooded
Parking Features Driveway Attached Garage RV Parking
Water Source Shared Well
Total Parking 4
Inclusions Dishwasher(s) Microwave(s) Refrigerator(s) See Remarks Stove(s)/Range(s)
Foundation Details Poured Concrete
Building Area Total 1768
Lot Size Acres 4.74
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Gated Entry Outbuildings RV Parking
Parking Uncovered Total 2
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Internal Only
OriginalMLSID NWM2541483
Street Number 1 308
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* Excluded Features
List By
Hailee Keely

Listing Agent

Propertiesnw Of Gig Harbor Ltd

Broker

Affordability Calculator

$4,453
Per Month
90%
10%
0%
Monthly Principal & Interest
$4,002
Monthly Property Taxes
$451
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
6/17/2026$650,000 Listed Price

Map


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308 Key Peninsula Highway NW, Lakebay, WA, 98349 is a Single Family Home for sale at $650,000 with 1,768 sqft and a lot size of 4.74. 308 Key Peninsula Highway NW has 2 bedrooms, 2.1 baths, and was built in 2017. The property's zip code is 98349 which is in Lakebay, WA