$399,000
Est. $2,130/moPrice reduced $26,000 from the original $425,000 asking price
411 151st Avenue Ct Sw, Lakebay, WA 98349
• Listed Aug 6, 2026•55 days active · 55 cumulative
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Listing Broker: eXp Realty; Carrie Gatlin; 253-720-3900; sold@carriegatlin.com
About this home
Rare opportunity to own a build-ready high-bank waterfront parcel in the desirable Lakebay area with tideland rights, completed due diligence, and significant pre-development work already underway. This property offers sweeping water views and an exceptional opportunity for a custom home, vacation retreat, or long-term investment hold. Extensive groundwork has already been completed, including survey work, wetland review/certification, geotechnical evaluation, stormwater-related work, civil engineering coordination, and utility/planning documentation. Community well agreement information, easements, and supporting development-related materials available for buyer review. The property combines privacy, natural beauty, and future vision potential while substantially reducing the uncertainty and upfront investigative work often associated with waterfront and rural development parcels. Excellent opportunity for buyers seeking a premier homesite with meaningful legwork already completed. Buyer to verify all information to their own satisfaction regarding intended use, building plans, utilities, shoreline regulations, and development feasibility.
Listed by Carrie Gatlin • eXp Realty
Listing updated: September 20, 2026 at 12:01pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2565728
Open houses
No upcoming open houses scheduled for this property.
Around this home
How much should you offer?
411 151st Avenue Ct Sw, 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
Neighborhood mobility
Walk, bike & transit scores
Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.
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 92 of 4388/10
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.
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
$2,522 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
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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 95 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 20, 2026 at 12:01pm (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.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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