Property Details
406 E Madrona Boulevard NW
Lakebay, WA 98349
$317,000
Active
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About This Home
Hop on the ferry, watch the mainland shrink behind you, and arrive somewhere most people never find. Herron Island is one of the few remaining private islands in Puget Sound, a close-knit community of just over 100 residents where eagles fly overhead, deer wander freely, and the outside world genuinely feels far away. Spend your days exploring North Beach Park, walking the natural shoreline of South Beach, or unwinding at Goodpastor Park. It is the kind of place people stumble onto and never stop thinking about. This 1 bed, 1 bath bungalow plus bonus room sits on just over a half-acre, one of the larger buildable lots on the island, and has been thoughtfully improved with a full gut renovation of the kitchen and bathroom and all-new appliances. The groundwork for a little homestead life is already here, a deer-proof fenced garden area where dahlias once flourished and a chicken coop ready for new tenants. Use it as your personal escape, rent it out while you are away, or hold it and build something bigger down the road. HOA covers water. Access via the community ferry "Charlie Wells," a 10-minute crossing that makes all the difference. Step off the ferry and you will pass a general store currently under construction, close enough that your ice cream won't have a chance to melt.
Property Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Active
County
Pierce
Neighborhood
Herron Island
Listed
Feb 19, 2026
Interior Features
Bedrooms
1
Bathrooms
1.0
Living Area
864 sq ft
Basement
None
Entry Level
Main
Interior Features
Fireplace
Exterior & Lot
Lot Size
0.59 sqft
Year Built
1982
Exterior Materials
Wood
Parking
Driveway, Off Street
Sewer
Septic Tank
Water Source
Community
Exterior Features
Wood
Location
City
Lakebay
County
Pierce
Coordinates
47.26163, -122.83524
Schools
School District
Peninsula
Elementary School
Buyer To Verify
Middle School
Key Peninsula Mid
High School
Peninsula High
HOA / Association
HOA Fee
$315 / Monthly
HOA Includes
Road Maintenance, See Remarks, Water
Additional Information
Tax Year
2025
Annual Taxes
$2,131
Possession
Array
Community Features
Boat Launch, CCRs, Club House, Park, Playground
Inclusions
Dishwasher(s),Dryer(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
Mortgage Calculator
Estimated Monthly Payment
$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 April 25, 2026 5:11 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.
