$319,000
Est. $1,621/mo2 bd•1 ba•1,467 sq ft
402 E Madrona Boulevard Nw, Lakebay, WA 98349
• Listed 2026-03-14•18 days on market
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Based on information submitted to the MLS GRID as of July 3, 2026 at 08:57pm (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Slow down, you’ve made it to Herron Island — a private island community where life moves to the rhythm of the water, and the ferry ride on the Charlie Wells becomes part of your daily unwind. This single-level cabin, just shy of 1,500 square feet, offers easy, comfortable living with 2 bedrooms and 2 baths. The primary suite is spacious and filled with natural light, complete with its own ensuite bath (including washer/dryer plus walk-in closet. The second bedroom is generously sized for guests, hobbies, or quiet retreat. The heart of the home is the open living area that flows into the kitchen and dining space — perfect for slow mornings with coffee or relaxed evenings after a day on the beach. A small office nook makes working remotely feel a little less like work. Upstairs, a loft storage area keeps things practical, while the enclosed porch (not included in the square footage) invites you to linger a little longer with a book or a glass of wine. Set on a level 0.61-acre lot, there’s room to dream — a future garage, workshop, garden, or simply wide-open space to enjoy the privacy and peace that island living brings. The cabin could use some updating, but it’s completely livable as-is — giving you the chance to settle in first and make it your own over time. If you’ve been craving a place where weekends stretch longer and the mainland feels a world away, this might be it. Enjoy community features such as the beaches, trails, boat launch, seasonal boat docks & more!!
Listed by Karen D. Dorans • Better Properties Gig Harbor
Listing updated: July 3, 2026 at 08:57pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2492798
Open houses
No upcoming open houses scheduled for this property.
$508,000
+$189,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $415K and $635K.
Rental earnings
$1,525/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$540,000Last sold price
724 W Herron Boulevard Nw, Lakebay, WA 98349
$635,000Last sold price
1616 W Herron Place Nw, Lakebay, WA 98349
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
402 E Madrona Boulevard Nw, Lakebay, WA 98349
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
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Lakebay is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 22 days.
$182,500 Sold
2 weeks ago
•Single Family
22418 Maple Drive Nw, Lakebay, WA 98349
6%
Under list
—
Days on market
0.3 mi
Distance
$520,000 Sold
5 weeks ago
3 bd•1.5 ba•~1,920 sq ft•Single Family
913 E Herron Blvd, Lakebay, WA 98349
3%
Under list
—
Days on market
0.4 mi
Distance
$625,000 Sold
8 weeks ago
2 bd•1 ba•~864 sq ft•Single Family
924 W Herron Boulevard Nw, Lakebay, WA 98349
15%
Over list
—
Days on market
0.4 mi
Distance
$100,000 Sold
3 months ago
•Single Family
411 208th Avenue Nw, Lakebay, WA 98349
9%
Under list
—
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Peninsula School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
