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Listed by Karen D. Dorans • Better Properties Gig Harbor.
FOR SALE

$34,900

Est. $193/mo

Price reduced $5,000 from the original $39,900 asking price

909 E Madrona Boulevard NW, Lakebay, WA 98349

• Listed May 9, 2026•165 days active · 165 cumulative

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★★★★★5.0·1,244 Google reviews

Listing Broker: Better Properties Gig Harbor; Karen D. Dorans; 253-219-4076; karen@herronisland.com

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Listing Broker: Better Properties Gig Harbor; Karen D. Dorans; 253-219-4076; karen@herronisland.com

About this home

This 0.32 acre / 14,000 sq. ft. vacant lot is located on a quiet dead end street in the middle of Herron Island; a private island with its own community ferry. This flat lot measures 80' x 175' x 80' x 175' and is partially cleared. There is water on the property. Two adjacent lots to the south (same size at 0.32 acre) are also for sale (907 & 905 East Madrona Blvd - all 3 together would be 0.96 acre). Enjoy the partial water view. Herron island community offers seasonal boat docks, boat launch, community beaches (x 2), parks & trails. Enjoy the peace, tranquility & beauty of Herron Island & all that it has to offer!

Property type
Single Family
Year built
Not listed
Interior
Not listed
Lot size
0.3214 acres
Parking
None
Price / sq ft
Not listed
Property taxes$248.85/yr (est.)
HOA dues$1,880 / half year ($313/mo)
School districtPeninsula

Listed by Karen D. Dorans • Better Properties Gig Harbor

Listing updated: September 16, 2026 at 01:05pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2521296

Around this home

RexMont OfferEdge™

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909 E Madrona Boulevard NW, Lakebay, WA 98349

List price
$34,900
Down payment
$6,980

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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

Layout

  • Res-Less thn 1 Ac

Schools

Ratings via SchoolDigger

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.

Vacant land facts

As entered by the listing broker on Northwest MLS

Lot

Acres
0.32 acres
Lot square feet
14,000 sq ft
Lot dimensions
80' x 175'
Topography
Level
Lot number
24
Block
3
Lot details
Dead End Street

Zoning & use

Zoning code
Rural 10
Zoning description
Residential
Zoning jurisdiction
County
Possible use
Residential
Restrictions
No Restrictions

Utilities

Utilities
Electricity Available
Electricity
In Street
Gas
Not Available
Water
Community Well, On Property
Water jurisdiction
Herron Island Water
Water access
Community Waterfront/Pvt Beach
Sewer
Not Available
Septic installed
No

Road & access

Road surface
Gravel
Road information
Gravel
Road on which side
West

Surveys & reports

Sketch submitted
No

Water & irrigation

Waterfront
No
Irrigation water rights
No

Taxes & assessment

Annual taxes
$249
Tax year
2026
Senior exemption
No
Financing
Cash, Conventional, Owner Will Carry
Seller disclosure
Provided
Preliminary title ordered
Yes

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.

Members

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Sales & Tax Records for 909 E Madrona Boulevard NW

NWMLS via MLS Grid · Pierce County Assessor

Every 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.

  1. Sep 16, 2026
    Price reduced
    NWMLS via MLS Grid · #2521296
    $34,900
  2. May 9, 2026
    Listed
    NWMLS via MLS Grid · #2521296
    $39,900
  3. Nov 29, 2024
    Sold
    NWMLS via MLS Grid · #2273949
    $12,500
  4. Oct 4, 2024
    Pending
    NWMLS via MLS Grid · #2273949
    $29,000
  5. Aug 5, 2024
    Listed
    NWMLS via MLS Grid · #2273949
    $29,000

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.

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

$537 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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Source: 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%.

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Listing Broker: Better Properties Gig Harbor; Karen D. Dorans; 253-219-4076; karen@herronisland.com

Market pulse

Lakebay is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market
  • 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 92 days.

Recent sales nearby

Within 1 mile · last 6 months
  • $475,000 Sold

    2 weeks ago

    2 bd•1 ba•~880 sq ft•Single Family

    108 Herron Lane NW, Lakebay, WA 98349

    5%

    Under list

    161

    Days on market

    0.6 mi

    Distance

  • $260,000 Sold

    7 weeks ago

    1 bd•0.75 ba•~664 sq ft•Single Family

    922 W Herron Boulevard NW, Lakebay, WA 98349

    9%

    Under list

    60

    Days on market

    0.4 mi

    Distance

  • $339,000 Sold

    7 weeks ago

    1 bd•0.75 ba•~480 sq ft•Single Family

    415 E Herron Boulevard NW, Lakebay, WA 98349

    3%

    Under list

    100

    Days on market

    0.3 mi

    Distance

  • $182,500 Sold

    3 months ago

    •Single Family

    22418 Maple Drive NW, Lakebay, WA 98349

    6%

    Under list

    69

    Days on market

    0.2 mi

    Distance

  • $520,000 Sold

    4 months ago

    3 bd•1.5 ba•~1,920 sq ft•Single Family

    913 E Herron Blvd, Lakebay, WA 98349

    3%

    Under list

    141

    Days on market

    0.1 mi

    Distance

Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.

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Market 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 21, 2026 at 4:54 AM 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.

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