Property Details
2723 Key Peninsula Highway SW
Lakebay, WA 98349
$915,000
Pending
Schedule a Tour
Select your date preference
Request More Info
1 / 34
About This Home
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. Recently improved pricing reflects a seller who is prepared and ready for the next chapter, presenting a compelling opportunity for buyers seeking value and lifestyle. Whether you’re dreaming of animals, gardens, entertaining, or simply room to roam, this property is rich with possibility.
Property Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Pending
County
Pierce
Neighborhood
Lakebay
Listed
Apr 3, 2026
Original Price
$939,000
Structure Type
House
Parcel Number
0020114010
Tax & HOA
Annual Property Tax
$6,825 (2026)
Est. Monthly Tax
$569/mo
Interior Features
Bedrooms
4
Bathrooms
1.8
Living Area
2,534 sq ft
Basement
None
Entry Level
Main
Interior Features
Bath Off Primary, Ceiling Fan(s), Dbl Pane/Storm Window, Dining Room, Fireplace, Skylight(s), Wet Bar
Exterior & Lot
Lot Size
10.00 sqft
Year Built
1940
Exterior Materials
Wood
Parking
Detached Carport, Driveway, Detached Garage, RV Parking
Sewer
Septic Tank
Water Source
Individual Well
Exterior Features
Wood, Wood Products
Community & Access
Directions
From KPN: Past Key Center and the town of Home onto KPS -1/2 Mile Past Evergreen Elementary To Farmhouse on left side.
Location
City
Lakebay
County
Pierce
Coordinates
47.23264, -122.76035
Schools
School District
Peninsula
Elementary School
Evergreen Elem
Middle School
Key Peninsula Mid
High School
Peninsula High
Additional Information
Tax Year
2026
Annual Taxes
$6,825
Possession
Array
Inclusions
Dishwasher(s),Double Oven,Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
Mortgage Calculator
Estimated Monthly Payment
$0
Down Payment
$0
Loan Amount
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased on information submitted to the MLS GRID as of June 8, 2026 6:00 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
