Property Details
308 Key Peninsula Highway NW
Lakebay, WA 98349
$650,000
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About This Home
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.
Property Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Active
County
Pierce
Neighborhood
Lakebay
Listed
Jun 17, 2026
Structure Type
House
Parcel Number
0021354030
Tax & HOA
Annual Property Tax
$5,408 (2026)
Est. Monthly Tax
$451/mo
Interior Features
Bedrooms
2
Bathrooms
2.5
Half Baths
1
Living Area
1,768 sq ft
Interior Features
Water Heater
Exterior & Lot
Lot Size
4.74 sqft
Year Built
2017
Exterior Materials
Cement Plank
Parking
Driveway, Attached Garage, RV Parking
Sewer
Septic Tank
Water Source
Shared Well
Exterior Features
Cement Planked
Community & Access
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.
Location
City
Lakebay
County
Pierce
Coordinates
47.26046, -122.76508
Schools
School District
Peninsula
Elementary School
Evergreen Elem
Middle School
Key Peninsula Mid
High School
Peninsula High
Additional Information
Tax Year
2026
Annual Taxes
$5,408
Possession
Array
Inclusions
Dishwasher(s),Microwave(s),Refrigerator(s),See Remarks,Stove(s)/Range(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 23, 2026 11:10 AM. 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.
