About this home

Discover the endless possibilities on this gently sloping 5.56-acre parcel in beautiful Lakebay on the Key Peninsula! Whether you envision a custom dream home, hobby farm, private retreat, or peaceful country getaway, this property offers the space and flexibility to bring your vision to life. An existing dirt road provides access through the property, with potential building areas on either the east or west side. Enjoy views across your own expansive pasture, framed by strips of mature trees along both the eastern and western borders, providing a wonderful blend of open space, privacy, and natural beauty. Lakebay is known for its scenic surroundings and peaceful, rural character, yet you’re only approximately 18 miles from Gig Harbor and its shopping, dining, and amenities. Three additional 5.56-acre parcels are also available and offered separately, creating a unique opportunity for those seeking additional acreage. Must be accompanied by WA State real estate agent with approved appointment.

Schools

Elementary

Evergreen Elem

Middle

Key Peninsula Mid

High

Peninsula High

Property details

View: Territorial
Water source: Well Needed
Sewer: Not Available
Utilities: Electricity Available

Costs

Annual taxes: $644 (2026)

Estimate your monthly payment

$610/mo

Principal & interest: $556
Property taxes: $54

Down payment (20%) $22,000 Interest rate (%) Loan term (years)

Loan amount $88,000

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 Gateway Real Estate— Nathan Ellis.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.