Lakebay Homes under $500,000

Welcome to Lakebay, Washington – a hidden gem nestled in the heart of Pierce County. With its stunning views of the Puget Sound and the majestic Olympic Mountains, Lakebay offers a serene escape from the hustle and bustle of city life. This picturesque community is perfect for those who appreciate natural beauty, outdoor adventures, and a tight-knit community atmosphere.

Lakebay is known for its lush landscapes, charming waterfront, and vibrant local culture. Residents enjoy a variety of recreational activities, including boating, fishing, and hiking in nearby parks. The area is rich in history and offers a unique blend of rustic charm and modern conveniences. With its proximity to larger cities like Tacoma and Seattle, Lakebay provides the perfect balance of tranquility and accessibility.

For homebuyers seeking affordability without sacrificing quality of life, Lakebay has a selection of homes under $500,000. Whether you're looking for a cozy cottage or a spacious family home, the real estate market here caters to a variety of tastes and budgets. Many of these homes feature beautiful outdoor spaces, perfect for entertaining or simply enjoying the peaceful surroundings.

Living in Lakebay means becoming part of a welcoming community that values connection and nature. With its stunning landscapes, affordable housing options, and a wealth of outdoor activities, Lakebay is not just a place to live; it's a lifestyle waiting to be embraced. Explore the possibilities of making Lakebay your new home today!

Newest Lakebay Homes under $500,000

$298,892

3 Beds ⋅ 2 Baths ⋅ 2594777 MLS ⋅ ACTIVE Status

Bring your own personal touches to this sparkling freshly remodeled 3 bedroom 2 bath Manufactured home. Brand new Kitchen, all fresh Paint, new flooring, windows and recent roof and water heater make this the maintenance free path to community water front good times! Its big back yard is a wonderful private haven.

19518 28th Street SW, Lakebay

Listing Broker: Realty West Properties; David B. Watkins; 206-510-7672; thedbwatkins@gmail.com

$379,500

3 Beds ⋅ 2 Baths ⋅ 2594801 MLS ⋅ ACTIVE Status

Welcome to Palmer Lake Community and private access to the Waterfront, Dock, Playground and Park. Truly a gem in the NW Living with Joemma Park and Penrose State Park just around the corner. Enjoy fishing, kayaking, boating, crabbing, and more on the Key Peninsula! This home has just undergone a fresh update with all new carpeting, appliances, a landscaping refresh, and it is sparkling clean! Over 1500 SQ FT of living space with 3 Bedrooms, Den/Office, 2 Full Baths and an Open Design layout! Flooded with natural light with skylights, a kitchen access to the Dining Room, Breakfast Nook and Eating Bar. A very spacious feeling with vaulted ceilings and windows facing East & West for all day sunshine. Easy commute to both Port Orchard, Purdy, and Gig Harbor!

2621 194th Avenue SW, Lakebay

Listing Broker: John L. Scott, Inc.; Rhonda Edwards; 360-731-5988; RhondaEdwards@johnlscott.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

$315,000

3 Beds ⋅ 2 Baths ⋅ 2587967 MLS ⋅ ACTIVE Status

Experience all that lakefront living has to offer, while recreating or relaxing from this one-level view home ideally situated on a premier lot adjacent to Palmer Lake. Complete with picturesque gardens and a lawn that gently slopes toward the lake, the property offers a sense of peaceful retreat and endless opportunities from the private community swimming and fishing docks, picnic areas, and park. Bordered by a green belt for privacy, the home features 3 bedrooms and 2 baths, living room connected to a large kitchen with dining space, newer floors, patio for entertaining, fenced back yard, and ample parking. Appreciate the Palmer Lake sense of community and enjoy nearby Joemma and Penrose State Parks on the Puget Sound.

19116 21st Street SW, Lakebay

Listing Broker: eXp Realty; Berklee Olson; 209-819-0528; berkleeo@gmail.com

$386,500

3 Beds ⋅ 2 Baths ⋅ 2587463 MLS ⋅ ACTIVE Status

Assumable 4.5% VA loan available to qualified buyers, including non-veterans, subject to lender approval! Approx 362k balance on mortgage. Enjoy a fixed interest rate with no mortgage insurance and a current principal and interest payment of approximately $1,989/month, excluding taxes and insurance. Built in 2021, this home features an open-concept living area, spacious kitchen with breakfast bar, dining area, and flexible office space. The primary suite offers a private full bath and walk-in closet. Set on approximately 0.27 acre with a partially fenced yard and storage shed. Enjoy Palmer Lake community amenities, including lake access, private beach parks, boat launch, dock, picnic area, and basketball court. Discover newer-home comfort and an attractive financing opportunity on the Key Peninsula.

19518 18TH Street Ct SW, Lakebay

Listing Broker: Pellego, Inc.; Vito Dunmire; 520-551-4840; Vito@iSellHousesWA.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

$439,950

3 Beds ⋅ 2 Baths ⋅ 2572115 MLS ⋅ ACTIVE Status

Private charming 3 bedroom house sitting on 1 1/4 acres in a park like setting. Two full bathrooms, dressing area, kitchen, dining area, den, living room, and laundry room. There are beautiful aluminum ramps for easy access for handicap accessibility. All new paint inside and new laminate flooring thru out the house. A new roof was professionally installed this year. The house comes with 1/4 share in the well that serves the house. It is move in ready and just waiting for a new owner.

16119 Pollack Drive NW, Lakebay

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.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

$400,000

3 Beds ⋅ 2 Baths ⋅ 2558370 MLS ⋅ ACTIVE Status

Just over a quarter acre in the beautiful Palmer Lake community with private lake access. Fully fenced backyard with plenty of room for gardening, entertaining, pets, or relaxing in privacy. New, durable storage shed for your gardening or storage needs. The 2 car garage and generous driveway offer parking for up to 6 vehicles, with additional space for an RV. Inside, the well-designed kitchen offers plenty of workspace and a practical layout that makes cooking and entertaining easy. Upgrades include new flooring, electric fireplace, new back deck, and fresh interior and exterior paint. Less than 3 mi from Joemma Beach State Park, a beautiful beachfront offering recreational activities including camping, fishing, and boating.

1706 194th Avenue SW, Lakebay

Listing Broker: Keller Williams West Sound; Lily Shouldis; 360-536-6489; lilyshouldis@kw.com

$459,950

3 Beds ⋅ 2 Baths ⋅ 2564058 MLS ⋅ ACTIVE Status

If privacy is what you're looking for, you've found it! Nestled among mature trees on a level 2.74-acre lot, this brand-new 3-bedroom, 2-bathroom home offers the perfect blend of peaceful country living and modern comfort. The expansive property provides plenty of room to build a shop, create additional parking, or store your RV, boat, and other recreational toys. Ideally located just minutes from Joemma Beach State Park and the Palmer Lake community, you'll enjoy easy access to a community dock, boat launch, fishing, swimming, and endless outdoor recreation. Whether you're seeking a private retreat or a place with room to grow, this property offers the best of both worlds.

1615 Lake Drive SW, Lakebay

Listing Broker: Kelly Right RE of Seattle LLC; Bobby Brown; 253-312-7188; Bobby@bobbybrownre.com

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