About this home

Discover nearly 5 acres of peaceful Key Peninsula living, where privacy, nature and possibility come together. Tucked along a quiet paved dead-end road in Lakebay, this beautiful property offers the space and freedom to create your own Northwest retreat, with water, power and an installed 3-bedroom septic already on site. Towering evergreens create a wonderful sense of privacy, with open areas, natural surroundings and plenty of room to imagine what comes next. Replace the existing manufactured home with a new one or bring your plans and create a home that takes full advantage of this beautiful setting. There is room for gardens, outdoor living, a shop, RV and recreational toys, or simply more space to breathe and enjoy the quiet. A charming outdoor sitting area adds to the relaxed feel and gives you a perfect place to take in the surroundings. Life on the Key Peninsula is about enjoying the best of the Pacific Northwest. Joemma Beach State Park is nearby, along with miles of Puget Sound shoreline, parks, trails, boating, kayaking, fishing and endless opportunities to get outside. Gig Harbor and the Tacoma Narrows Bridge are within easy reach when you want to head into town. Come home to fresh air, towering trees, peaceful surroundings and nearly 5 acres of your own. With essential utilities already in place, much of the groundwork has been done. Bring your vision and create your own piece of the Pacific Northwest.

Around this home

Property details

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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.

Peninsula School District

• Evergreen Elementary

  Public · Grades PK-5 · State rank 308 of 1,138
  8/10
• Key Peninsula Middle School

  Public · Grades 6-8 · State rank 230 of 514
  6/10
• Peninsula High School

  Public · Grades 9-12 · State rank 92 of 438
  8/10

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.

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%.

Ask about this home

A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.

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.

Market data from MLS GRID / NWMLS · Updated Sep 2026