All homes

$375,000

1916 Key Peninsula Highway

Lakebay, WA 98349

Active
Territorial view

Beds

2

Baths

2

Sq Ft

1,248

Lot

3.86 ac

Year built

1976

Type

Residential

Days listed

118

MLS #

2520753

About this home

Affordable One Level Home on Acreage! Situated just 30 minutes from the creature comforts of Gig Harbor on the beautiful Key Peninsula, this nearly 4-acre spread near the tiny town of Home is full of potential. Bring your vision goggles and make it yours. The heavy lifting has already been done: you’ve got a brand-new septic system, an upgraded well, a metal roof, and a heat pump to keep things cozy. Whether you choose to remodel the existing home or utilize the previous 2-bedroom build approval to create something new, you’ll be surrounded by a year-round stream, a private pond, and fruit trees. For the "Bring Your Vision" enthusiast, the remnants of the original homestead and poultry shed are waiting for a creative revival. This property works as hard as you do with 2 driveways and five outbuildings—including a 480sf detached garage, and full RV hookups for your "consultants" (or adventurous guests). A laurel hedge is growing to provide privacy from the road. Whether you’re looking to flip, expand, or establish a multi-generational estate, the infrastructure is in place and the potential is limitless. Bring your plans—Home is calling! FINANCING AVAILABLE, INQUIRE WITH A REAL ESTATE PROFESSIONAL TO SEE REMARKS.

Interior features

Bath Off PrimaryDbl Pane/Storm WindowDining RoomFireplaceWired for Generator

Exterior features

Metal/Vinyl

Schools

Elementary

Evergreen Elem

Middle

Key Peninsula Mid

High

Peninsula High

Property details

Heating
Heat Pump
Cooling
Heat Pump
Flooring
Laminate, Vinyl, Carpet
Parking
Driveway, Detached Garage, RV Parking
View
Territorial
Lot
Open Space, Paved, Value In Land
Water source
Individual Well
Sewer
Septic Tank
Levels
One
Fireplaces
1

Costs

Price / sq ft
$300
Annual taxes
$3,160 (2026)

Estimate your monthly payment

$2,160/mo

Principal & interest
$1,896
Property taxes
$263
Loan amount $300,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Lakebay, WA 98349

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Martin Real Estate Group— Marcie Martin.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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