Listing provided courtesy of Morrison House Sotheby's IntlNWMLSas Distributed by MLSGrid- MLS# NWM2463344MLS Provider

406 E Madrona Boulevard NWLakebay, WA 98349

Single Family · 1 Bed · 1 Full Bath · 864 Sq. ft. | 0.59 Acres
$317,000 Active

406 E Madrona Boulevard NW Overview

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Hop on the ferry, watch the mainland shrink behind you, and arrive somewhere most people never find. Herron Island is one of the few remaining private islands in Puget Sound, a close-knit community of just over 100 residents where eagles fly overhead, deer wander freely, and the outside world genuinely feels far away. Spend your days exploring North Beach Park, walking the natural shoreline of South Beach, or unwinding at Goodpastor Park. It is the kind of place people stumble onto and never stop thinking about. This 1 bed, 1 bath bungalow plus bonus room sits on just over a half-acre, one of the larger buildable lots on the island, and has been thoughtfully improved with a full gut renovation of the kitchen and bathroom and all-new appliances. The groundwork for a little homestead life is already here, a deer-proof fenced garden area where dahlias once flourished and a chicken coop ready for new tenants. Use it as your personal escape, rent it out while you are away, or hold it and build something bigger down the road. HOA covers water. Access via the community ferry Charlie Wells, a 10-minute crossing that makes all the difference. Step off the ferry and you will pass a general store currently under construction, close enough that your ice cream won't have a chance to melt.

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406 E Madrona Boulevard NW Facts & Features

  • Type Single Family
  • Sq. ft. 864
  • Price/Sq.ft. $367
  • Lot 0.59 Acres

Details

General

Association/HOA

  • Association Fee: $315.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Road Maintenance, See Remarks, Water

School Information

  • School District: Peninsula
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Key Peninsula Mid
  • High School: Peninsula High

Building Information

  • New Construction: No
  • Year Built: 1982

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 4 - Key Peninsula South
  • Subdivision Name: Herron Island

Community/Development

  • Community Features: Boat Launch, CCRs, Club House, Park, Playground

Rent/Lease Information

  • Land Lease: No

Tax Information

  • Tax Annual Amount: $2,131.00
  • Tax Year: 2025

General Information

  • Inclusions: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Listing Terms: Cash, Conventional, Rehab Loan
  • Parcel Number: 4450500661
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Building Information

  • Building Information: Built On Lot

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 1
  • Bedrooms Lower: 0
  • Bedrooms Possible: 1
  • Bedrooms Upper: 1

Building Interior

  • Appliances Included: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Building Area Total: 864
  • Building Area Units: Square Feet
  • Calculated Square Footage: 864
  • Square Footage Finished: 864
  • Square Footage Unfinished: 0

General Information

  • Appliances: Dishwasher, Dryer, Refrigerator, Stove(s)/Range(s), Washer
  • Basement: None
  • Cooling: Yes
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Laminate
  • Foundation Details: Block
  • Heating: Yes
  • Interior Features: Fireplace
  • Levels: Two
  • Living Area: 864
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 0
  • Power Production Type: Electric,Wood
  • Security Features: Partially Fenced

Exterior

Parking Information

  • Open Parking: No
  • Parking Features: Driveway, Off Street

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.5877
  • Lot Size Square Feet: 25600
  • Lot Size Units: Square Feet
  • Site Features: Deck, Fenced-Partially, Green House, Outbuildings
  • Topography: Level
  • Vegetation: Fruit Trees,Garden Space
  • Elevation Units: Feet
  • Water Source: Community

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Roof: Composition
  • Structure Type: House

General Information

  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Sewer: Septic Tank

Room Information

Room: Bathroom Full

  • Level: Main

Room: Entry Hall

  • Level: Main

Room: Extra Fin Room

  • Level: Main

Room: Kitchen With Eating Space

  • Level: Main

Room: Living Room

  • Level: Main

Room: Utility Room

  • Level: Main

Room: Primary Bedroom

  • Level: Second

406 E Madrona Boulevard NW Neighborhood

Community

98349 (Lakebay) Demographics

42
Median Age
121
Population Density (per sq. mile)
34%
College Educated
$73,308
Estimated Median Income
1,802
Estimated Total Home Owners
258
Estimated Total Renters
87% / 13%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

406 E Madrona Boulevard NW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

406 E Madrona Boulevard NW Market Data

Based on the last 30 days in this zip code

$637,771
Average List Price
$341
Average Price per Square Foot
8
Properties Sold
81
Average Days on Market
56
Properties for Sale
Calculations provided by Reliance Network

406 E Madrona Boulevard NW History

Date Event Value Agent
2/19/2026Source: NWMLS Added to Database
February 19, 2026
4/4/2024Source: NWMLS Status Change
Sold
3/14/2024Source: NWMLS Status Change
Pending
3/4/2024Source: NWMLS Status Change
Pending Inspection
3/1/2024Source: NWMLS Added to Database
March 01, 2024