Listing provided courtesy of eXp RealtyNWMLSas Distributed by MLSGrid- MLS# NWM2495917MLS Provider

2308 197th Avenue SWLakebay, WA 98349

Single Family · 3 Beds · 1 Full Bath · 710 Sq. ft. | 0.25 Acres
$317,000 Pending Short Sale

2308 197th Avenue SW Overview

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Charming Lakebay retreat offering the perfect blend of comfort, functionality, and outdoor function on a spacious quarter-acre lot. This 3-bedroom home features a light-filled interior with vaulted ceilings, skylights, and an inviting living space with a cozy wood-burning stove. The kitchen is equipped with quartz countertops and stainless-steel appliances, while durable flooring throughout makes for easy maintenance. Outside, the property truly shines with ample RV parking, a detached carport, and expansive yard space ideal for hobbies, storage, or recreational use. Garden enthusiasts will appreciate the multiple raised and built-in garden beds, creating a ready-to-go setup for growing your own food or enjoying a peaceful outdoor lifestyle. Located in the desirable Palmer Lake community, residents enjoy access to a private park, swimming, fishing, and more all just a short drive to Gig Harbor and surrounding amenities. A unique opportunity for full-time living or a relaxing getaway in the South Sound.

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2308 197th Avenue SW Facts & Features

  • Type Single Family
  • Sq. ft. 710
  • Price/Sq.ft. $446
  • Lot 0.25 Acres

Details

General

Association/HOA

  • Association Fee: $230.00
  • Association Fee Frequency: Annually
  • Association Fee Includes: Common Area Maintenance

School Information

  • School District: Peninsula

Building Information

  • Building Name: Palmer Lake
  • New Construction: No
  • Year Built: 1950

Location/Region

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

Community/Development

  • Community Features: CCRs, Playground

Rent/Lease Information

  • Land Lease: No

Tax Information

  • Tax Annual Amount: $2,361.00
  • Tax Year: 2026

General Information

  • Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Stove(s)/Range(s), Washer(s)
  • Listing Terms: Cash, Conventional, FHA, USDA Loan, VA Loan
  • Parcel Number: 6661200500
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: Short Sale

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: 3
  • Bedrooms Lower: 0
  • Bedrooms Upper: 1

Building Interior

  • Appliances Included: Dishwasher(s), Dryer(s), Microwave(s), Stove(s)/Range(s), Washer(s)
  • Building Area Total: 710
  • Building Area Units: Square Feet
  • Calculated Square Footage: 710
  • Square Footage Finished: 710
  • Square Footage Unfinished: 0

General Information

  • Appliances: Dishwasher, Dryer, Microwave, Stove(s)/Range(s), Washer
  • Cooling: No
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Hardwood, Laminate
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Interior Features: Ceiling Fan(s), Dbl Pane/Storm Window, Fireplace, Vaulted Ceiling(s)
  • Levels: One and One Half
  • Living Area: 710
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Power Production Type: Electric,Wood
  • Security Features: Partially Fenced

Exterior

Parking Information

  • Open Parking: No
  • Parking Features: Detached Carport, RV Parking
  • Parking Total: 1

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.2514
  • Lot Size Square Feet: 10950
  • Lot Size Units: Square Feet
  • Site Features: Deck, Fenced-Partially, Outbuildings, RV Parking
  • Topography: Level
  • Vegetation: Fruit Trees,Garden Space
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

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

General Information

  • Carport Spaces: 1
  • Carport: Yes
  • Covered Spaces: 1
  • Exterior Features: Cement Planked
  • Sewer: Septic Tank

Room Information

Room: Bathroom Full

  • Level: Main

Room: Bedroom

  • Level: Main

Room: Bedroom

  • Level: Main

Room: Entry Hall

  • Level: Main

Room: Kitchen With Eating Space

  • Level: Main

Room: Living Room

  • Level: Main

Room: Utility Room

  • Level: Main

Room: Bedroom

  • Level: Second

2308 197th Avenue SW 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.

2308 197th Avenue SW 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.

2308 197th Avenue SW 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

2308 197th Avenue SW History

Date Event Value Agent
4/30/2026Source: NWMLS Status Change
Pending Short Sale
4/26/2026Source: NWMLS Price Reduction
$317,000 -4.5%
3/24/2026Source: NWMLS Added to Database
March 24, 2026
8/30/2023Source: NWMLS Status Change
Sold
8/7/2023Source: NWMLS Status Change
Pending
7/26/2023Source: NWMLS Status Change
Pending Inspection
7/19/2023Source: NWMLS Added to Database
July 19, 2023
6/20/2022Source: NWMLS Added to Database
June 01, 2021