Lakebay Homes for Sale

Welcome to Lakebay, Washington – a hidden gem nestled in the picturesque Pierce County. This charming community, located on the stunning Key Peninsula, offers a unique blend of natural beauty and small-town charm. With breathtaking views of the Puget Sound and the majestic Olympic Mountains, Lakebay is a paradise for outdoor enthusiasts and those seeking a tranquil lifestyle.

Lakebay is characterized by its serene waterfront properties, lush forests, and vibrant local culture. The area boasts an array of recreational activities, from kayaking and fishing in the pristine waters to hiking the nearby trails that wind through the lush greenery. Whether you’re looking for a peaceful retreat or a place to raise a family, Lakebay has something for everyone.

As you explore the real estate market in Lakebay, you'll discover a variety of homes for sale that cater to diverse tastes and budgets. From cozy cottages with stunning water views to spacious family homes nestled among the trees, Lakebay offers a range of options that will make you feel right at home. Each property is a testament to the area's unique charm and natural beauty, providing a perfect backdrop for your new life.

In addition to its scenic landscapes, Lakebay features a close-knit community with local shops, farmers markets, and community events that foster a sense of belonging. With its friendly atmosphere and breathtaking surroundings, Lakebay is not just a place to live—it's a lifestyle. Explore the homes for sale today and find your perfect slice of paradise in this enchanting corner of Washington!

Newest Lakebay Homes for Sale

$299,000

3 Beds ⋅ 3 Baths ⋅ 2598378 MLS ⋅ ACTIVE Status

Escape to your own slice of island life! This 1,370 sq. ft. cabin sits on Herron Island, accessible by private ferry, and offers 3 bedrooms and 2.5 baths across a layout built for gathering. Originally built in 1966, the home has seen thoughtful additions and updates over the years, including a durable metal roof. Step into a cozy living room with fireplace, open to the kitchen for easy entertaining. The main floor also features a laundry room with half bath, two bedrooms, a full bathroom, and a family room with a hide-away bed for extra guests. Upstairs, a private bedroom retreat awaits with its own 3/4 bath and covered deck, the perfect spot to soak in the filtered water views. Enjoy an easy stroll to the community beach, boat launch, seasonal docks, parks, and trails. The detached garage currently serves as a workshop, ready for your next project. Sale includes an additional vacant lot for a total of 0.80 acres, all tucked along a quiet island cul-de-sac road.

1207 E Madrona Boulevard NW, Lakebay

Listing Broker: Morrison House Sotheby's Intl; Christopher Floyd; 253-220-5700; epicPNWhomes@gmail.com

$495,000

3 Beds ⋅ 2 Baths ⋅ 2595109 MLS ⋅ ACTIVE Status

Enjoy room to spread out on 2.5 wooded acres with this spacious 3 bed, 2 bath home offering nearly 1,800 sqft of comfortable single-level living. A light-filled interior welcomes you with generous living and dining spaces, warm laminate flooring, skylights, and a freestanding wood stove that creates a cozy focal point for those chilly PNW nights. The roomy kitchen offers abundant cabinetry, useful island, plenty of countertop space, and an easy flow into the dining area. French doors, ceiling fans, double-pane windows, and a private primary suite with attached bath add to this home’s everyday comfort. A dedicated utility room with washer and dryer provides added convenience as well. Outside, the property offers a peaceful blend of open, level areas and mature trees with plenty of space for gardening, recreation, hobbies, or simply enjoying the privacy. An impressive 960 sqft of garage space with built in work space, 2 bays + an RV height door, plus additional outbuildings for storage & hobbies. This property provides excellent room for vehicles, projects, equipment, and storage. Located in Lakebay on the beautiful Key Peninsula, enjoy a quieter, more rural lifestyle surrounded by the natural beauty of the Pacific Northwest. Nearby parks, trails, beaches, and Puget Sound recreation offer endless opportunities to get outdoors, while Key Peninsula Hwy provides access to local amenities and connections toward Gig Harbor and beyond.

20226 26th Street SW, Lakebay

Listing Broker: Keller Williams Realty; Drake Robert Romeo; 253-514-0575; drakeromeorealty@gmail.com

$790,000

5 Beds ⋅ 3 Baths ⋅ 2594873 MLS ⋅ ACTIVE Status

Experience an extraordinary blend of elegance, tranquility & timeless beauty in this stunning 5-bedroom, 2.5-bath residence offering 2,776 sq ft on 1.45 acres of level, fully fenced grounds. Surrounded by breathtaking, storybook scenery, this exceptional property is picturesque! A beautiful entryway adorned with elegant wainscoting welcomes you into beautifully appointed living spaces, including formal dining, inviting living areas & a charming sitting area/room in the front to enjoy your surroundings. Remodeled kitchen showcases quartz countertops, beautiful cabinets, pantry and beautiful backsplash. Luxurious main-floor primary suite offers a peaceful retreat-beautifully painted, walk in closet 5 pc bathroom with windows to the back yard. Upstairs - discover generously sized bedrooms & an expansive loft with endless possibilities. Entertain effortlessly on the impressive oversized deck overlooking your picturesque acreage. Exceptional amenities include a NEW 2026 roof with transferable warranty, 2024 generator, EV charger, A/C & oversized garage. A rare opportunity to enjoy refined living, expansive grounds & an enchanting setting straight from the pages of a storybook. Truly unforgettable!

221 195 Avenue SW, Lakebay

Listing Broker: Skyline Properties, Inc.; Rachel E. Jones; 253-604-6000; RachelJonesSells@gmail.com

$474,999

3 Beds ⋅ 2 Baths ⋅ 2593773 MLS ⋅ ACTIVE Status

A private setting, room to spread out and fresh updates await on approximately 1.7 acres in Lakebay. This 1,546 sq ft single-level home offers 3 bedrooms, 1.75 baths and an expansive recreation room. Vaulted ceilings enhance the open living spaces, while new luxury vinyl plank flooring extends through the main living area, kitchen, dining area, laundry and hallway. The kitchen features a walk-in pantry and brand-new stainless steel appliances, including a French-door refrigerator, range, microwave and dishwasher. The primary suite includes a walk-in closet and attached bath, with new carpet in all bedrooms. Additional updates include a new water heater, in-wall A/C unit and LED light fixtures throughout. Enjoy outdoor gatherings beneath the covered picnic area or evenings around the fire pit. A storage shed and fencing along two sides round out this spacious property.

516 Tiedeman Road SW, Lakebay

Listing Broker: Windermere Real Estate/East; Tammy Yao; 650-288-8242; tammy@vestus.com

$985,000

6 Beds ⋅ 2 Baths ⋅ 2582944 MLS ⋅ ACTIVE Status

Incredible opportunity to own & enjoy spectacular waterfront on the Von Geldern Cove in Lakebay with 50 feet of prime low bank frontage! Escape the hustle & bustle to enjoy beautiful sunsets as you listen to the seagulls on this fantastic 1.82 acre lot! Enter the nearly 3,000 sq ft home from your covered front porch & step into a large entry way welcoming you to the expansive living room with woodburning fireplace & slider to one of the covered outdoor living areas. The impressively large kitchen boasts tons of cupboards & counterspace as well as a vegie sink. The spacious dining room provides plenty of space for large gatherings & wonderful views of the bay. 2 bedrooms & a full bath upstairs. Head downstairs to another huge living area complete with pool table, an additional covered outdoor living area, 4 more bedrooms, a full bath & utility room. Step outside to a 1,296 sq ft shop with power & water that offers plenty of indoor parking for all your toys & an upstairs loft for storage plus more beautiful views of the bay. Add'l parking in the 2-car carport. The incredible large yard offers an abundance of mature landscaping, fruit trees & tons of room for games & gardening. The 2009 pier is 6' wide & 30' long with a 26' x 3' aluminum ramp & a 20' x 8' floating dock supported by 4 steel piers built by Marine Floats. 2 tax lots totaling 1.82 acres. Excellent clam & oyster beds! Could make a perfect AIRBNB for large groups! A little TLC will go a long way here! Welcome Home!

1220 166th Avenue Ct NW, Lakebay

Listing Broker: Best Choice Realty LLC; Khristina Swanson; 253-653-8557; khristina.swanson@comcast.net

$535,000

2 Beds ⋅ 2 Baths ⋅ 2582223 MLS ⋅ ACTIVE Status

Custom built, wonderfully designed 2 BR home with absolutely to die for 1564 sq ft 6 car detached heated, and finished garage!!! The home was exquisitely designed, equipped and built with so many special unique features! Incredible bank of pictures windows in the great room with soaring cathedral ceilings brings in so much natural light! Separate dining room with built in bookshelf and cabinets! Efficient smaller kitchen with wood cabinetry, gorgeous slab quartz countertops with single bowl drop-in undermount sink, and all newer stainless appliances. The home basically has 2 primary BR set-ups, with a large main floor BR with bathroom right next door with special walk-in tub shower unit. The upstairs boasts a primary suite with amazing 3/4 bath with walk-in custom tiled shower! Upstairs laundry with built-in cabinetry and sink. Every part of this home boasts natural wood trimmed windows, doors & so many built-in, well thought out cabinetry and storage features. The 1564 sq ft garage is AMAZING, and worth the price of this home alone! The garage is heated, insulated, and full of cabinetry, air compressor system, car lift and more! Back-up, propane powered generator system for home and garage! Two sheds, one with a heated office. Manicured yard with mature landscaping and full sprinkler system! This is simply a one of a kind property! Hurry!

19117 21st Street Ct SW, Lakebay

Listing Broker: RE/MAX Northwest; Larry Tuell; 253-312-1757; lartuell@msn.com

$475,000

2 Beds ⋅ 2 Baths ⋅ 2571025 MLS ⋅ ACTIVE Status

Discover comfort and small town charm in this beautiful rambler offering 1,662 square feet of comfortable living space. Featuring 2 bedrooms 2 baths situated on 1.148 acres awaiting your future garden and animals. Enjoy the peace and seclusion of the Key Peninsula. Step inside to an inviting open concept. Layout highlighted by abundant natural light. Large chef's island, stainless steel appliances perfect for entertaining or everyday living. Move in ready featuring a new roof, new stove, new paint throughout, new carpet, and more. Fully finished garage with fresh paint. Individual Well.

15615 53rd Street NW, Lakebay

Listing Broker: List4FlatFee.com, LLC; Stacie Whitfield; 425-344-6779; mls@list4flatfee.com

$289,000

1 Beds ⋅ 1 Baths ⋅ 2572099 MLS ⋅ ACTIVE Status

Catch the ferry, watch the shoreline shrink behind you, and arrive somewhere most people don't even know is real. Herron Island is one of the last privately-owned islands in Puget Sound, home to a close community of just over 100 residents, where eagles wheel overhead, deer wander freely, and the noise of everyday life feels miles away. Spend your time at North Beach Park, the untouched shoreline of South Beach, or the quiet of Goodpastor Park. It's the kind of place visitors stumble upon and keep thinking about long after they leave. This 1-bedroom, 1-bath bungalow with a versatile bonus room sits on just over half an acre — one of the island's bigger buildable lots — and has already been upgraded with a complete kitchen and bathroom remodel plus brand-new appliances. The foundation for a mini homestead is in place too: a fenced, deer-proof garden bed where dahlias used to bloom, and a chicken coop waiting for its next flock. Keep it as a private getaway, list it as a rental when you're not around, or hang onto it as a launchpad for something larger later. HOA includes water. You'll reach the island via the community ferry, the Charlie Wells, a quick 10-minute ride that changes everything.

406 E Madrona Drive, Lakebay

Listing Broker: Morrison House Sotheby's Intl; Christopher Floyd; 253-220-5700; epicPNWhomes@gmail.com

$540,000

3 Beds ⋅ 2 Baths ⋅ 2572328 MLS ⋅ ACTIVE Status

Rare opportunity to assume a 2.8% interest rate! The seller has adjusted the asking price to offer buyers the option to assume the existing mortgage with a 2.8% interest rate! Completely remodeled and move-in ready—everything is NEW! Thoughtfully redesigned with a nature-inspired, biophilic aesthetic, the home showcases exposed natural wood elements that bring warmth, texture, and an organic feel throughout. Step inside to a bright, open floor plan featuring vaulted ceilings, recessed lighting, modern rattan light fixtures, premium fixtures throughout, and durable luxury vinyl plank flooring. The home offers three spacious bedrooms and beautifully updated bathrooms with a custom premium pine vanity. The completely remodeled kitchen features all-new appliances, custom birch countertops, a real bamboo backsplash, and natural finishes that complement the home's unique design. Fresh interior paint and thoughtful updates throughout make this home truly move-in ready. Three doors open both ways, adding flexibility and functionality while enhancing the home's connection to the outdoors. Outside, the spacious property offers room for a potential ADU, providing exciting possibilities for multigenerational living, guests, a home office, or additional income-buyer verify. A two-car garage provides plenty of space for parking, storage, hobbies, and more. Duct and furnace cleaned, and pre-inspection completed.

19716 20th Street SW, Lakebay

Listing Broker: eXp Realty; Mykel Noel Schroeder; 206-308-0859; mykel.schroeder@exprealty.com

$495,000

3 Beds ⋅ 2 Baths ⋅ 2569775 MLS ⋅ ACTIVE Status

Discover island living at its best in this charming single-story cabin on a rare double lot—two separate taxable lots—with gorgeous water views. This inviting 3-bedroom, 2-bath home offers comfortable single-level living and a peaceful island retreat which looks down onto the community beach on the north end of the island. A unique bonus is the accessible area beneath the home, providing convenient parking/storage space for a small boat, golf cart, or similar recreational vehicle. Whether you're looking for a peaceful getaway, full-time island home, or a place to create lasting memories, this property offers an exceptional opportunity. Recent updates include a new roof, double pane windows and exterior paint. Herron Island is a private island community with its own passenger/vehicle ferry, making the journey part of the experience. Enjoy the water, explore the island, and embrace the relaxed pace of island living. With two lots, open water views, and versatile space beneath the home, this is a special opportunity to own your own piece of Herron Island! Interior photos to follow on Tuesday (18th)!!

1310 E Herron Boulevard NW, Lakebay

Listing Broker: Better Properties Gig Harbor; Karen D. Dorans; 253-219-4076; karen@herronisland.com

$429,999

3 Beds ⋅ 2 Baths ⋅ 2569353 MLS ⋅ CONTINGENT Status

Palmer Lake Community is calling your name! Tucked into a fabulous area with parks and waterfront nearby, this open-concept single-story home checks every box. Fully fenced to keep the wayward soccer ball on property (should you like that sort of thing), and placed midway down a peaceful cul-de-sac for extra privacy. Need a place to store your gardening treasures or hobby creations? A gate large enough for your boat or RV leads to a sturdy, super-dry shed. Want a cover for that boat, too? The seller is willing to leave an additional cover just inside the gates.Inside, vaulted ceilings let this home live large, while french doors off the great room open to the perfect patio for BBQs and entertaining. And with Palmer Lake itself just moments away, summer fun is never far — swimming, boating, and lakeside relaxation all included. Truly a gem worthy of your viewing.

2616 196th Avenue SW, Lakebay

Listing Broker: John L. Scott, Inc.; AnnaLee Todd; 360-340-2104; annaleebaglio@johnlscott.com

$625,000

3 Beds ⋅ 2 Baths ⋅ 2568857 MLS ⋅ ACTIVE Status

Welcome home to Joemma Beach Farms, where modern construction meets the tranquility of coastal acreage. This exceptional 3-bedroom, 2-bath rambler is situated on a level 2.5-acre lot, offering the rare privacy and space you’ve been looking for. The heart of the home is an open-concept great room, enhanced by vaulted ceilings and bathed in natural light. The primary suite is a standout, boasting a spacious layout and a comprehensive 5-piece bath for ultimate relaxation. Enjoy effortless year-round comfort with integrated air conditioning and the ambiance of a custom electric fireplace. The exterior living spaces are equally impressive, featuring a covered patio for sunset relaxing and substantial parking capacity—perfect for boats, RVs, and guests. A newly built retaining wall and full fencing completes the back yard. With private, direct access to the beach path and a serene neighborhood setting, this property is the coastal escape you’ve been waiting for.

2220 202nd Avenue SW, Lakebay

Listing Broker: Keller Williams West Sound; David Benefiel; 253-985-5114; davidbenefiel@kw.com

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