$895,000
Listed at $915,0004 bd•1.75 ba•2,534 sq ft
2723 Key Peninsula Highway Sw, Lakebay, WA 98349
• Listed 2026-04-03
Talk to a local RexMont expert
Avg response under 5 mins
Dreaming of country living with endless potential? This picturesque 10-acre hobby farm offers the perfect blend of rustic charm, functionality, and opportunity. The property features pasture for horses, a loafing shed, mini-barn, detached garage, huge pole building/shop, a seasonal duck pond, and a truly special original homestead barn over 100 years old, ready to be restored to its former glory or reimagined as a one-of-a-kind venue for gatherings, barn parties, or harvest celebrations. The inviting Craftsman farmhouse is full of warmth and character, highlighted by a large covered front porch made for sipping lemonade or sweet tea while taking in the peaceful farm setting. Adding to the property’s charm is a mature orchard featuring 16 varieties of apples, Asian pears, and plums, creating a beautiful and fruitful extension of the farm lifestyle. Inside, you’ll find a main-level primary suite, a charming country kitchen with pot-belly stove, a dining room overlooking the property, plus 3 upstairs bedrooms and an office/bonus room. Recently improved pricing reflects a seller who is prepared and ready for the next chapter, presenting a compelling opportunity for buyers seeking value and lifestyle. Whether you’re dreaming of animals, gardens, entertaining, or simply room to roam, this property is rich with possibility.
Listed by Stephanie L. Patrick • RE/MAX Exclusive
Listing updated: August 17, 2026 at 04:03am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2499275
Neighborhood mobility
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.
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 29 days.
$895,000 Sold
8 weeks ago
4 bd•1.75 ba•~2,534 sq ft•Single Family
2723 Key Peninsula Highway Sw, Lakebay, WA 98349
2%
Under list
—
Days on market
0.1 mi
Distance
$900,000 Sold
8 weeks ago
4 bd•3 ba•~3,012 sq ft•Single Family
2219 Key Peninsula Highway Sw, Lakebay, WA 98349
6%
Under list
—
Days on market
0.5 mi
Distance
$620,000 Sold
3 months ago
3 bd•2.5 ba•~2,102 sq ft•Single Family
2507 Creviston Road Sw, Lakebay, WA 98349
0%
Over list
—
Days on market
0.5 mi
Distance
$485,000 Sold
4 months ago
4 bd•2 ba•~1,836 sq ft•Single Family
1510 Key Peninsula Highway Sw, Lakebay, WA 98349
1%
Over list
—
Days on market
0.9 mi
Distance
$200,000 Sold
4 months ago
•Single Family
17430 27th Street Sw, Lakebay, WA 98349
11%
Under list
—
Days on market
0.5 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 Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of August 17, 2026 at 04:03am (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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (2)
See more →
Open Sun, Sep 13
Open Sun, Sep 13$879,000
-$16,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $620K and $1.4M.
Rental earnings
$2,625/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$895,000Last sold price
2723 Key Peninsula Highway Sw, Lakebay, WA 98349
$1,400,000Last sold price
3009 174th Avenue, 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.
More homes in this area that match your range.
$484,950
1615 Lake Drive Sw, Lakebay, WA 98349
Bobby Brown · Kelly Right RE of Seattle LLC
$529,950
2608 142nd Avenue Sw, Lakebay, WA 98349
Kim Volhontseff · Kelly Right RE of Seattle LLC
$625,000
2509 142nd Avenue Sw, Lakebay, WA 98349
Janna Jopp · Kelly Right RE of Seattle LLC
$875,000
603 151st Avenue Ct Sw, Lakebay, WA 98349
Sophia N. Cosola · John L. Scott, Inc.
$480,000
19617 21st Street Ct Sw, Lakebay, WA 98349
Christine Forrey · Keller Williams South Sound
$524,900
19716 20th Street Sw, Lakebay, WA 98349
Mykel Noel Schroeder · eXp Realty
$875,000
603 151st Avenue Ct Sw, Lakebay, WA 98349
Sophia N. Cosola · John L. Scott, Inc.
$999,999
917 Tiedman Road Nw, Lakebay, WA 98349
Sean Ryan · John L. Scott, Inc.
$1,050,000
0 Xx Herron Road Nw, Lakebay, WA 98349
Sean Ryan · John L. Scott, Inc.
$730,000
19002 20th Street Nw, Lakebay, WA 98349
Michael Hinz · ALLEN Realtors
$695,000
3014 175th Avenue Nw, Lakebay, WA 98349
Janet Lee · COMPASS
$698,000
3417 188th Avenue Nw, Lakebay, WA 98349
Heidi Gilbert · Coldwell Banker Danforth
