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Listed by Carrie Gatlin • eXp Realty.
FOR SALE

$399,000

Est. $2,210/mo

Price reduced $26,000 from the original $425,000 asking price

411 151st Avenue Ct SW, Lakebay, WA 98349

• Listed Aug 6, 2026•76 days active · 76 cumulative

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★★★★★5.0·1,244 Google reviews

Listing Broker: eXp Realty; Carrie Gatlin; 253-720-3900; sold@carriegatlin.com

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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.

Property type
Single Family
Year built
Not listed
Interior
Not listed
Lot size
1.7132 acres
Parking
None
Price / sq ft
Not listed
Property taxes$3,509/yr (est.)
School districtPeninsula

Listed by Carrie Gatlin • eXp Realty

Listing updated: October 20, 2026 at 01:13pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2565728

Around this home

RexMont OfferEdge™

How much should you offer?

411 151st Avenue Ct SW, Lakebay, WA 98349

List price
$399,000
Down payment
$79,800

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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-Over 1 Acre

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
1.71 acres
Lot square feet
74,625 sq ft
Lot details
Dead End Street

Zoning & use

Zoning code
R10
Zoning description
Residential,See Remarks
Zoning jurisdiction
County
Possible use
Residential, See Remarks
Improvements
Outbuilding(s)

Utilities

Utilities
Electricity Available
Electricity
In Street
Gas
Not Available
Water
See Remarks, Share Available
Water jurisdiction
Shared Well Agreement
Water access
Beach Rights,Tideland Rights
Sewer
Not Available

Road & access

Road surface
Gravel, See Remarks
Road responsibility
Private Maintained Road, See Remarks
Road information
Gravel,Privately Maintained,See Remarks

Surveys & reports

Sketch submitted
Yes
Reports and documents completed
See Remarks,Topographical,Well Agreement

Water & irrigation

Waterfront
Yes
Waterfront footage
125 ft
Irrigation type
None
Irrigation water rights
No

Taxes & assessment

Annual taxes
$3,509
Tax year
2026
Senior exemption
No
Financing
Cash, Conventional, VA Loan
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 411 151st Avenue Ct 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. Oct 20, 2026
    Price reduced
    NWMLS via MLS Grid · #2565728
    $399,000
  2. Aug 6, 2026
    Listed
    NWMLS via MLS Grid · #2565728
    $425,000
  3. Oct 26, 2023
    Recorded sale
    Pierce County recorder · Statutory warranty deed
    $250,000
  4. Jul 6, 2004
    Sold
    NWMLS via MLS Grid · #24064269
    $128,600
  5. Jun 23, 2004
    Pending
    NWMLS via MLS Grid · #24064269
    $125,000
  6. May 11, 2004
    Listed
    NWMLS via MLS Grid · #24064269
    $125,000

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.

Check eligibility

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

$2,602 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

Takes about 5 minutes & won't affect your credit

Get pre-approved
Plan your offer with a RexMont buyer specialistWalk through escalation strategy, contingencies, and competing-offer risk in this neighborhoodCompare loan options30-yr fixed, 15-yr, FHA, VA, jumbo

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: eXp Realty; Carrie Gatlin; 253-720-3900; sold@carriegatlin.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

  • $140,000 Sold

    5 days ago

    •Single Family

    1629 148th Avenue SW, Lakebay, WA 98349

    7%

    Under list

    133

    Days on market

    0.8 mi

    Distance

  • $325,000 Sold

    3 weeks ago

    2 bd•2 ba•~1,032 sq ft•Single Family

    16602 - 16608 Delano Road, Lakebay, WA 98349

    13%

    Under list

    221

    Days on market

    1.0 mi

    Distance

  • $55,000 Sold

    4 months ago

    •Single Family

    919 Sanford Avenue, Lakebay, WA 98349

    15%

    Under list

    28

    Days on market

    1.0 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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