All homes

$289,000

Reduced $20,000 — was $309,000

406 Madrona Drive

Lakebay, WA 98349

Active

Beds

1

Baths

1

Sq Ft

864

Lot

0.59 ac

Year built

1982

Type

Residential

Days listed

23

MLS #

2572099

About this home

Catch the ferry, watch the shoreline shrink behind you, and arrive somewhere most people don't even know is real. Herron Island is one of the last privately-owned islands in Puget Sound, home to a close community of just over 100 residents, where eagles wheel overhead, deer wander freely, and the noise of everyday life feels miles away. Spend your time at North Beach Park, the untouched shoreline of South Beach, or the quiet of Goodpastor Park. It's the kind of place visitors stumble upon and keep thinking about long after they leave. This 1-bedroom, 1-bath bungalow with a versatile bonus room sits on just over half an acre — one of the island's bigger buildable lots — and has already been upgraded with a complete kitchen and bathroom remodel plus brand-new appliances. The foundation for a mini homestead is in place too: a fenced, deer-proof garden bed where dahlias used to bloom, and a chicken coop waiting for its next flock. Keep it as a private getaway, list it as a rental when you're not around, or hang onto it as a launchpad for something larger later. HOA includes water. You'll reach the island via the community ferry, the Charlie Wells, a quick 10-minute ride that changes everything.

Interior features

Fireplace

Exterior features

Wood

Appliances

DishwasherDryerRefrigeratorStove(s)/Range(s)Washer

Schools

Elementary

Buyer To Verify

Middle

Key Peninsula Mid

High

Peninsula High

Property details

Heating
Ductless
Cooling
Ductless
Flooring
Laminate
Parking
Driveway, Off Street
Water source
Community
Sewer
Septic Tank
Levels
Two
Fireplaces
1

Costs

Price / sq ft
$334
Annual taxes
$2,131 (2025)
HOA dues
$315 / monthly

Estimate your monthly payment

$1,954/mo

Principal & interest
$1,461
Property taxes
$178
HOA dues
$315
Loan amount $231,200

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 Morrison House Sotheby's Intl— Christopher Floyd.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.

No spam. We'll only reach out about your search.