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Listed by McGriz McHugh-Griesmeyer • Coldwell Banker Bain.
FOR SALE

$215,000

Est. $1,191/mo

1905 194th Avenue SW, Lakebay, WA 98349

• Listed Jul 19, 2026•45 days active · 45 cumulative

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★★★★★5.0·1,244 Google reviews

Listing Broker: Coldwell Banker Bain; McGriz McHugh-Griesmeyer; 253-208-0755; conniemchugh@cbbain.com

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Listing Broker: Coldwell Banker Bain; McGriz McHugh-Griesmeyer; 253-208-0755; conniemchugh@cbbain.com

About this home

Palmer Lake Waterfront buildable parcel provides you with 43' lowbank private beachfront property. The SW view of the lake highlights the future level building site which slopes down to your very own beach. A very lovely 17,926 square foot lot is waiting to provide someone years of enjoyment. You will also be a member of the Palmer Lake Beach Club Community which offers & maintains 2 additional community beaches, parks, playground, docks, launch, sport court & more. Quality of lakeside living is in your future. This peaceful setting & location is just minutes from the town of Home, Joemma State Park & Penrose State Park for saltwater adventures & beach combing. Key Center is a quick drive bringing you additional shopping, resturants and more amendities. Rare opportunity to own & build on the magical Key Peninsula, a true PNW Gem.

Property type
Single Family
Year built
Not listed
Interior
Not listed
Lot size
0.4115 acres
Parking
None
Price / sq ft
Not listed
Property taxes$1,900/yr (est.)
HOA dues$230 / year ($19/mo)
School districtPeninsula

Listed by McGriz McHugh-Griesmeyer • Coldwell Banker Bain

Listing updated: September 21, 2026 at 11:39pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2557062

Around this home

RexMont OfferEdge™

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1905 194th Avenue SW, Lakebay, WA 98349

List price
$215,000
Down payment
$43,000

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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
0.41 acres
Lot square feet
17,926 sq ft
Topography
Level,Sloped
Lot number
3
Block
4
Lot details
Paved

Zoning & use

Zoning description
Residential,See Remarks
Zoning jurisdiction
County
Possible use
Residential, See Remarks
Restrictions
CC&R,Manufactured Homes OK
Improvements
Fenced-Partially

Utilities

Utilities
Electricity Connected, Septic Design Installed
Electricity
On Property
Gas
Not Available
Water
Community Well
Water jurisdiction
Washington Water
Water access
Community Waterfront/Pvt Beach
Sewer
Not Available
Septic installed
Yes

Road & access

Road surface
Paved
Road responsibility
County
Road information
County Maintained,Paved

Surveys & reports

Sketch submitted
No
Reports and documents completed
CCRs,Septic "As Built"

Water & irrigation

Waterfront
Yes
Irrigation water rights
No

Taxes & assessment

Annual taxes
$1,900
Tax year
1900
Senior exemption
No
Financing
Cash, Conventional
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 1905 194th Avenue SW

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. Jul 19, 2026
    Listed
    NWMLS via MLS Grid · #2557062
    $215,000
  2. Oct 30, 2018
    Recorded sale
    Pierce County recorder · Statutory warranty deed
    $60,000
  3. Mar 21, 2014
    Sold
    NWMLS via MLS Grid · #594992
    $130,000
  4. Feb 22, 2014
    Pending
    NWMLS via MLS Grid · #594992
    $139,000
  5. Feb 19, 2014
    Listed
    NWMLS via MLS Grid · #594992
    $139,000
  6. Sep 4, 2012
    Recorded sale
    Pierce County recorder · Statutory warranty deed
    $110,000

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

$1,422 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: Coldwell Banker Bain; McGriz McHugh-Griesmeyer; 253-208-0755; conniemchugh@cbbain.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
  • $325,000 Sold

    3 weeks ago

    3 bd•2 ba•~1,456 sq ft•Single Family

    19821 23rd Street SW, Lakebay, WA 98349

    4%

    Under list

    39

    Days on market

    0.2 mi

    Distance

  • $530,000 Sold

    3 weeks ago

    2 bd•1.75 ba•~864 sq ft•Single Family

    1907 194th Avenue SW, Lakebay, WA 98349

    1%

    Over list

    68

    Days on market

    0.1 mi

    Distance

  • $150,000 Sold

    4 weeks ago

    •Single Family

    1809 208th Avenue SW, Lakebay, WA 98349

    6%

    Under list

    130

    Days on market

    0.7 mi

    Distance

  • $305,000 Sold

    4 weeks ago

    2 bd•1.5 ba•~672 sq ft•Single Family

    19111 19th st sw, Lakebay, WA 98349

    3%

    Over list

    118

    Days on market

    0.3 mi

    Distance

  • $611,000 Sold

    5 weeks ago

    3 bd•2.5 ba•~3,037 sq ft•Single Family

    2311 202nd Avenue SW, Lakebay, WA 98349

    0%

    Over list

    301

    Days on market

    0.4 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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