$375,000
1916 Key Peninsula Highway
Lakebay, WA 98349
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
Exterior features
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
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.
Interested in this home?
Request a private tour or ask a question — a local agent will respond personally.