About this home

Rare opportunity to purchase two neighboring shy 5-acre parcels together for a combined total of nearly 10 acres. Lots 2 and 4 are part of the same short plat and offer privacy, seclusion, and long-term development potential off Delano Road. Previously logged in 2020, the parcels have 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. A private gravel easement provides access to both lots, with usable land, natural surroundings, and room to create your vision. Enjoy nearby outdoor amenities including Penrose Point State Park and Lakebay Marina. Owner financing may be available with a large down payment.

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: $2,296 (2026)

Estimate your monthly payment

$1,708/mo

Principal & interest: $1,517
Property taxes: $191

Down payment (20%) $60,000 Interest rate (%) Loan term (years)

Loan amount $240,000

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?

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