$375,000
Est. $1,892/mo2 bd•1 ba•1,248 sq ft
1916 Key Peninsula Highway Nw, Lakebay, WA 98349
• Listed 2026-05-09•26 days on market
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Based on information submitted to the MLS GRID as of May 12, 2026 at 08:12am (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.
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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!
Listed by Marcie Martin • Martin Real Estate Group
Listing updated: May 12, 2026 at 08:12am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2520753
Open houses
No upcoming open houses scheduled for this property.
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1916 Key Peninsula Highway Nw, Lakebay, WA 98349
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Lakebay is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: Days-on-market data not available for this area.
$70,000 Sold
3 weeks ago
•Single Family
17903 Bass Lane Nw, Lakebay, WA 98349
3%
Under list
—
Days on market
0.9 mi
Distance
$120,000 Sold
8 weeks ago
•Single Family
14516 45th Street Sw #10, Lakebay, WA 98349
4%
Under list
—
Days on market
0.5 mi
Distance
$645,000 Sold
4 months ago
3 bd•2 ba•~1,491 sq ft•Single Family
1704 186th Avenue Nw, Lakebay, WA 98349
1%
Over list
—
Days on market
0.8 mi
Distance
$589,500 Sold
4 months ago
2 bd•1 ba•~1,537 sq ft•Single Family
1612 C Street Nw, Lakebay, WA 98349
0%
Over list
—
Days on market
0.2 mi
Distance
$804,000 Sold
6 months ago
2 bd•1 ba•~1,322 sq ft•Single Family
3307 178th Avenue Ct Nw, Lakebay, WA 98349
11%
Over list
—
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 Jun 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.