$375,000
Est. $1,906/mo2 bd•1 ba•1,248 sq ft
1916 Key Peninsula Highway Nw, Lakebay, WA 98349
• Listed 2026-05-09•6 days on market
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of July 15, 2026 at 02:42pm (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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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: July 15, 2026 at 02:42pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2520753
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (1)
See more →
Open Thu, Jul 23$479,000
+$104,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $387K and $700K.
Rental earnings
$1,425/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$589,500Last sold price
1612 C Street Nw, Lakebay, WA 98349
$387,000Last sold price
3814 174th Avenue Nw, 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.
1916 Key Peninsula Highway Nw, Lakebay, WA 98349
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.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$2,263 per month
Great rateTakes about 5 minutes & won't affect your credit
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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 22 days.
$598,000 Sold
4 days ago
3 bd•1 ba•~1,656 sq ft•Single Family
17208 3rd Avenue Nw, Lakebay, WA 98349
0%
Over list
—
Days on market
0.3 mi
Distance
$480,000 Sold
3 weeks ago
3 bd•1 ba•~1,092 sq ft•Single Family
17816 Herron Road Nw, Lakebay, WA 98349
3%
Over list
—
Days on market
0.8 mi
Distance
$643,000 Sold
4 weeks ago
3 bd•2 ba•~1,440 sq ft•Single Family
17310 Herron Road Nw, Lakebay, WA 98349
3%
Over list
—
Days on market
0.5 mi
Distance
$70,000 Sold
4 weeks ago
•Single Family
17616 30th Street Nw, Lakebay, WA 98349
0%
Over list
—
Days on market
0.6 mi
Distance
$65,000 Sold
5 weeks ago
•Single Family
0 D Street Nw, Lakebay, WA 98349
7%
Under list
—
Days on market
0.3 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 Jul 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.
