$289,000
Est. $1,493/mo1 bd•1 ba•864 sq ft
406 E Madrona Drive, Lakebay, WA 98349
• Listed 2026-08-21•New today
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Catch the ferry, watch the shoreline shrink behind you, and arrive somewhere most people don't even know is real. Herron Island is one of the last privately-owned islands in Puget Sound, home to a close community of just over 100 residents, where eagles wheel overhead, deer wander freely, and the noise of everyday life feels miles away. Spend your time at North Beach Park, the untouched shoreline of South Beach, or the quiet of Goodpastor Park. It's the kind of place visitors stumble upon and keep thinking about long after they leave. This 1-bedroom, 1-bath bungalow with a versatile bonus room sits on just over half an acre — one of the island's bigger buildable lots — and has already been upgraded with a complete kitchen and bathroom remodel plus brand-new appliances. The foundation for a mini homestead is in place too: a fenced, deer-proof garden bed where dahlias used to bloom, and a chicken coop waiting for its next flock. Keep it as a private getaway, list it as a rental when you're not around, or hang onto it as a launchpad for something larger later. HOA includes water. You'll reach the island via the community ferry, the Charlie Wells, a quick 10-minute ride that changes everything.
Listed by Christopher Floyd • Morrison House Sotheby's Intl
Listing updated: September 8, 2026 at 10:13am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2572099
406 E Madrona Drive, 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
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.
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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 29 days.
$339,000 Sold
1 week ago
1 bd•0.75 ba•~480 sq ft•Single Family
415 E Herron Boulevard Nw, Lakebay, WA 98349
3%
Under list
—
Days on market
0.1 mi
Distance
$182,500 Sold
2 months ago
•Single Family
22418 Maple Drive Nw, Lakebay, WA 98349
6%
Under list
—
Days on market
0.3 mi
Distance
$520,000 Sold
3 months ago
3 bd•1.5 ba•~1,920 sq ft•Single Family
913 E Herron Blvd, Lakebay, WA 98349
3%
Under list
—
Days on market
0.4 mi
Distance
$625,000 Sold
3 months ago
2 bd•1 ba•~864 sq ft•Single Family
924 W Herron Boulevard Nw, Lakebay, WA 98349
15%
Over list
—
Days on market
0.4 mi
Distance
$100,000 Sold
5 months ago
•Single Family
411 208th Avenue Nw, Lakebay, WA 98349
9%
Under list
—
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.
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 8, 2026 at 10:13am (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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Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (2)
See more →
Open Sun, Sep 13
Open Sun, Sep 13$339,000
+$50,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $260K and $492K.
Rental earnings
$1,025/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$325,000Last sold price
416 W Herron Boulevard Nw, Lakebay, WA 98349
$492,000Last sold price
22610 S Herron Blvd 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.
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Christopher Floyd · Morrison House Sotheby's Intl
