$375,000
Est. $2,077/mo2 bd•1.75 ba•1,248 sq ft
1916 Key Peninsula Highway NW, Lakebay, WA 98349
• Listed May 9, 2026•317 days active · 317 cumulative
Listing Broker: Martin Real Estate Group; Marcie Martin; 253-549-5657; Marcie@martinteamnw.com
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Listing Broker: Martin Real Estate Group; Marcie Martin; 253-549-5657; Marcie@martinteamnw.com
About this home
Affordable One Level Home on Acreage! Situated just 30 minutes from the creature comforts of Gig Harbor on the beautiful Key Peninsula, this nearly 4-acre spread near the tiny town of Home is full of potential. Bring your vision goggles and make it yours. The heavy lifting has already been done: you’ve got a brand-new septic system, an upgraded well, a metal roof, and a heat pump to keep things cozy. Whether you choose to remodel the existing home or utilize the previous 2-bedroom build approval to create something new, you’ll be surrounded by a year-round stream, a private pond, and fruit trees. For the "Bring Your Vision" enthusiast, the remnants of the original homestead and poultry shed are waiting for a creative revival. This property works as hard as you do with 2 driveways and five outbuildings—including a 480sf detached garage, and full RV hookups for your "consultants" (or adventurous guests). A laurel hedge is growing to provide privacy from the road. Whether you’re looking to flip, expand, or establish a multi-generational estate, the infrastructure is in place and the potential is limitless. Bring your plans—Home is calling! FINANCING AVAILABLE, INQUIRE WITH A REAL ESTATE PROFESSIONAL TO SEE REMARKS.
Listed by Marcie Martin • Martin Real Estate Group
Listing updated: September 21, 2026 at 09:35am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2520753
Around this home
How much should you offer?
1916 Key Peninsula Highway 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
Interior features
- Bath Off Primary
- Dbl Pane/Storm Window
- Dining Room
- Fireplace
- Wired for Generator
- Fireplace (gas)
Bedrooms
- 2 bedrooms total
- 2 on the main level
Bathrooms
- 1 full bathroom
- 1 three-quarter bathroom (shower, no tub)
- 1.75 bathrooms total (NWMLS count)
- 2 on the main level
Layout
- Manuf-Double Wide
- 1,248 sq ft finished
Flooring
- Laminate
- Vinyl
- Carpet
Heating & cooling
- Heat Pump heating
- 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.
Manufactured home facts
As entered by the listing broker on Northwest MLS
Lot & site
- Topography
- Level,Steep Slope
- Vegetation
- Brush, Fruit Trees, Garden Space, Wooded
Systems
- Energy source
- Electric,Propane,Wood
- Power production
- Electric, Propane, Wood
- Power company
- Peninsula Light
- Water company
- Individual Well
- Sewer company
- Septic
- Garbage service
- Murray's Disposal
- Irrigation water rights
- No
- Internet connected
- Astound
- Cable connected
- Astound
Rooms & extras
- Fireplaces on main
- 1
New construction
- Square footage source
- Public Record
- Lot size source
- Public Record
Manufactured home
- Body type
- Double Wide
- 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 1916 Key Peninsula Highway 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.
- May 9, 2026ListedNWMLS via MLS Grid · #2520753$375,000$300/sq ft
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.
Northwest MLS lists this home as eligible for down payment assistance programs
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
$2,434 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: Martin Real Estate Group; Marcie Martin; 253-549-5657; Marcie@martinteamnw.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 84 days.
Recent sales nearby
Within 1 mile · last 6 months$575,000 Sold
7 weeks ago
3 bd•1.5 ba•~1,536 sq ft•Single Family
18117 Bass Lane NW, Lakebay, WA 98349
0%
Over list
94
Days on market
0.9 mi
Distance
$420,000 Sold
3 months ago
3 bd•2 ba•~1,512 sq ft•Single Family
18618 27th Street NW, Lakebay, WA 98349
6%
Under list
125
Days on market
0.9 mi
Distance
$598,000 Sold
3 months ago
3 bd•1.75 ba•~1,656 sq ft•Single Family
17208 3rd Avenue NW, Lakebay, WA 98349
0%
Over list
52
Days on market
0.3 mi
Distance
$480,000 Sold
4 months ago
3 bd•1.75 ba•~1,092 sq ft•Single Family
17816 Herron Road NW, Lakebay, WA 98349
3%
Over list
28
Days on market
0.8 mi
Distance
$643,000 Sold
4 months ago
3 bd•2.75 ba•~1,440 sq ft•Single Family
17310 Herron Road NW, Lakebay, WA 98349
3%
Over list
22
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 12:32 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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© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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