About this home

Opportunity is knocking on this shy 5-acre parcel off Delano Road. Previously logged in 2020, the property has been subject to a 6-year building permit moratorium that is now nearing its end, creating a timely opportunity for buyers ready to plan ahead. Driveway freshly paved! The land offers privacy, seclusion, and usable space for future development, with a private gravel easement providing access. The neighboring shy 5-acre parcel is also available, offering the chance to purchase nearly 10 acres total. Enjoy nearby outdoor amenities including Penrose Point State Park and Lakebay Marina. Owner financing may be available with a large down payment. Bring your vision and start preparing for what this property can become.

Schools

Elementary

Evergreen Elem

Middle

Key Peninsula Mid

High

Peninsula High

Property details

Lot: Dead End Street, Open Space
Water source: Well Needed
Sewer: Not Available
Utilities: Electricity Available

Costs

Annual taxes: $1,224 (2026)

Estimate your monthly payment

$860/mo

Principal & interest: $758
Property taxes: $102

Down payment (20%) $30,000 Interest rate (%) Loan term (years)

Loan amount $120,000

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 Paramount Real Estate Group— Justin Weis.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.