$229,000
Est. $1,268/moPrice reduced $20,000 from the original $249,000 asking price
0 Cornwall Road NW, Lakebay, WA 98349
• Listed Mar 18, 2026•120 days active · 120 cumulative
Listing Broker: Coldwell Banker Bain; Nancy Wallace; 206-992-2596; NancyWallace@cbbain.com
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Listing Broker: Coldwell Banker Bain; Nancy Wallace; 206-992-2596; NancyWallace@cbbain.com
About this home
Discover the opportunity to own 12.83 acres of private wooded land, in the peaceful waterfront community of Lakebay, on the scenic Key Peninsula. Tucked away in a tranquil setting, this expansive parcel offers TWO BUILDING SITES, creating the flexibility to design a private estate, multi-generational retreat, or a primary residence with a guest home. Towering evergreens, natural forested surroundings, and abundant wildlife also make it the perfect camping site; surrounded by the privacy and serenity you have been looking for. Life in Lakebay is defined by its relaxed coastal charm, where days are spent exploring nearby shorelines, kayaking or boating along Carr Inlet, visiting local parks, and enjoying a slower pace. Residents appreciate the strong sense of community and easy access to recreation while still being within reach of the shopping, dining, and marinas of Gig Harbor and the amenities of Tacoma and Gig Harbor. Whether you’re looking to build now or invest for the future, this rare acreage offers the chance to own something truly special in one of the peninsula’s most peaceful and naturally beautiful settings.
Listed by Nancy Wallace • Coldwell Banker Bain
Listing updated: September 17, 2026 at 11:35am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2494351
Around this home
How much should you offer?
0 Cornwall Road NW, Lakebay, WA 98349
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
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.
Property details
Layout
- Recreational
Schools
Ratings via SchoolDiggerPeninsula School District
- Evergreen ElementaryPublic · Grades PK-5 · State rank 308 of 1,1388/10
- Key Peninsula Middle SchoolPublic · Grades 6-8 · State rank 230 of 5146/10
- Peninsula High SchoolPublic · Grades 9-12 · State rank 62 of 3968/10
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.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 12.83 acres
- Lot square feet
- 558,874 sq ft
- Topography
- See Remarks
- Vegetation
- See Remarks
- Lot details
- Secluded
Zoning & use
- Zoning code
- Country RF- Rural Farm
- Zoning description
- Agricultural,Farm & Ranch
- Zoning jurisdiction
- County
- Possible use
- Agricultural
- Easements
- Dirt Road Easement Access off Cornwall
Utilities
- Utilities
- Electricity Available
- Electricity
- In Street
- Gas
- Not Available
- Water
- Well Needed
- Sewer
- Not Available
- Septic installed
- No
Road & access
- Road responsibility
- Private Maintained Road
- Road information
- Access Easement,Dirt,Privately Maintained,Trail Permit
- Road on which side
- Northwest
Surveys & reports
- Survey
- Yes, See Remarks
- Sketch submitted
- Yes
Water & irrigation
- Waterfront
- No
- Irrigation water rights
- No
Taxes & assessment
- Annual taxes
- $539
- Tax year
- 2025
- Senior exemption
- No
- Financing
- Cash, Conventional, Farm Home Loan, FHA, VA Loan
- Seller disclosure
- Exempt
- Preliminary title ordered
- Yes
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 0 Cornwall Road NW
NWMLS via MLS Grid · Pierce County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Sep 17, 2026Price reducedNWMLS via MLS Grid · #2494351$229,000
- Mar 18, 2026ListedNWMLS via MLS Grid · #2494351$249,000
- Apr 4, 2019SoldNWMLS via MLS Grid · #1396629$95,000
- Feb 7, 2019PendingNWMLS via MLS Grid · #1396629$95,000
- Jan 1, 2019ListedNWMLS via MLS Grid · #1396629$95,000
- Mar 21, 2006Recorded salePierce County recorder · Statutory warranty deed$100,000
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$1,370 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Coldwell Banker Bain; Nancy Wallace; 206-992-2596; NancyWallace@cbbain.com
Market pulse
Lakebay is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 92 days.
Recent sales nearby
Within 1 mile · last 6 months$325,000 Sold
3 weeks ago
2 bd•2 ba•~1,032 sq ft•Single Family
16602 - 16608 Delano Road, Lakebay, WA 98349
13%
Under list
221
Days on market
0.9 mi
Distance
$120,000 Sold
6 weeks ago
•Single Family
712 Cornwall Road NW, Lakebay, WA 98349
4%
Under list
101
Days on market
0.6 mi
Distance
$110,000 Sold
7 weeks ago
•Single Family
206 184th Avenue Ct NW, Lakebay, WA 98349
8%
Under list
245
Days on market
0.2 mi
Distance
$630,000 Sold
2 months ago
2 bd•2.5 ba•~1,768 sq ft•Single Family
308 Key Peninsula Highway NW, Lakebay, WA 98349
1%
Over list
65
Days on market
0.7 mi
Distance
$899,000 Sold
2 months ago
4 bd•3 ba•~3,168 sq ft•Single Family
621 Tiedman Road NW, Lakebay, WA 98349
0%
Over list
97
Days on market
0.9 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 Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 21, 2026 at 4:54 AM PT (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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© 2026 Northwest Multiple Listing Service. All rights reserved.
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