$895,000
Listed at $915,0004 bd•1.75 ba•2,534 sq ft
2723 Key Peninsula Highway SW, Lakebay, WA 98349
• Listed Apr 3, 2026
RexMont Market Signal for 2723 Key Peninsula Highway SW
Sold price on recordRexMont Market Signal $895,000
Closed sale price · as of July 17, 2026, the day it sold.
Market Signal since the sale
$963,658
Likely $700,579 – $1,378,697 · wide read: talk to Adriano · as of October 1, 2026
Estimate, not an appraisal.
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID; King County Assessor records.
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A local broker replies within minutes
Listing Broker: RE/MAX Exclusive; Stephanie L. Patrick; 253-857-3366
Buyer Broker: Collison Realty LLC
About this home
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
Around this home
Property details
Interior features
- Bath Off Primary
- Ceiling Fan(s)
- Dbl Pane/Storm Window
- Dining Room
- Fireplace
- Skylight(s)
- Wet Bar
- 2 fireplaces (wood burning)
Kitchen
- Dishwasher
- Double Oven
- Dryer
- Microwave
- Refrigerator
- Stove(s)/Range(s)
- Washer
Bedrooms
- 4 bedrooms total
- 1 on the main level
- 3 upstairs
Bathrooms
- 1 full bathroom
- 1 three-quarter bathroom (shower, no tub)
- 1.75 bathrooms total (NWMLS count)
- 2 on the main level
Layout
- 1 1/2 Story
- 2,534 sq ft finished
Flooring
- Ceramic Tile
- Hardwood
- Vinyl
- Carpet
Heating & cooling
- Forced Air heating
- Heat Pump heating
- Stove/Free Standing heating
- Forced Air cooling
- Heat Pump cooling
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.
Single-family home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Topography
- Equestrian,Level,Rolling
- Vegetation
- Fruit Trees, Garden Space, Pasture
- Zoning jurisdiction
- County
Systems
- Energy source
- Electric
- Power production
- Electric
- Power company
- Peninsula Light Company
- Water company
- Individual Well
- Sewer company
- Septic
- Garbage service
- Murrey's Disposal
- Irrigation water rights
- No
Rooms & extras
- Fireplaces on main
- 2
New construction
- Square footage source
- Co Assessor
- Lot size source
- Co Assessor
Manufactured home
- Land lease
- No
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 2723 Key Peninsula Highway SW
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.
- Jul 17, 2026SoldNWMLS via MLS Grid · #2499275$895,000$353/sq ft
- May 26, 2026PendingNWMLS via MLS Grid · #2499275$915,000$361/sq ft
- May 26, 2026Price reducedNWMLS via MLS Grid · #2499275$915,000$361/sq ft
- Apr 3, 2026ListedNWMLS via MLS Grid · #2499275$939,000$371/sq ft
- Apr 25, 2017SoldNWMLS via MLS Grid · #958209$445,000$176/sq ft
- Mar 15, 2017PendingNWMLS via MLS Grid · #958209$449,500$177/sq ft
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 84 days.
Recent sales nearby
Within 1 mile · last 6 months$725,000 Sold
8 weeks ago
3 bd•2 ba•~2,091 sq ft•Single Family
2918 158th Avenue SW, Lakebay, WA 98349
0%
Over list
45
Days on market
0.5 mi
Distance
$895,000 Sold
3 months ago
4 bd•1.75 ba•~2,534 sq ft•Single Family
2723 Key Peninsula Highway SW, Lakebay, WA 98349
2%
Under list
105
Days on market
0.1 mi
Distance
$900,000 Sold
3 months ago
4 bd•3 ba•~3,012 sq ft•Single Family
2219 Key Peninsula Highway SW, Lakebay, WA 98349
6%
Under list
370
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 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 18, 2026 at 2:53 PM 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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HO
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