Listing provided courtesy of PropertiesNW of Gig Harbor LtdNWMLSas Distributed by MLSGrid- MLS# NWM2541483MLS Provider

308 Key Peninsula Highway NWLakebay, WA 98349

Single Family · 2 Beds · 2 Full Baths · 1 Half Bath · 1,768 Sq. ft. | 4.74 Acres
$650,000 Active

308 Key Peninsula Highway NW Overview

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Welcome to Lakebay, where life slows down and there's finally room to live the way you've always imagined. Set on 4.74 usable acres behind an expansive gated driveway, this charming country property offers the perfect balance of privacy, comfort, and opportunity. Surrounded by mature trees and beautiful afternoon views, the property invites you to embrace the outdoors. Enjoy summer evenings on the newer patio, pick cherries from your own tree, explore your land while winding through the scenic wooded portion of the property, or create the hobby farm you've always dreamed about. With ample open space, the land is well-suited for animals, gardens, recreational vehicles, outdoor hobbies, and so much more. Inside, the home offers a functional and comfortable layout that lives like a 3-bedroom home, with a spacious primary suite featuring an ensuite bath and walk-in closet. The inviting kitchen provides plenty of room to gather, while modern systems and thoughtful updates help make everyday living easy. A shared well serves the property, and multiple outbuildings provide valuable storage space for tools, equipment, recreational gear, or livestock supplies. Properties like this are becoming increasingly difficult to find. Offering nearly five acres of usable land, privacy, flexibility, and the peaceful lifestyle the Key Peninsula is known for, this is more than just a home. It's an opportunity to create the lifestyle you've been searching for.

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308 Key Peninsula Highway NW Facts & Features

  • Type Single Family
  • Sq. ft. 1,768
  • Price/Sq.ft. $368
  • Lot 4.74 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Peninsula
  • Elementary School: Evergreen Elem
  • Middle Or Junior School: Key Peninsula Mid
  • High School: Peninsula High

Building Information

  • New Construction: No
  • Year Built: 2017

Location/Region

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

Rent/Lease Information

  • Land Lease: No

Tax Information

  • Tax Annual Amount: $5,408.30
  • Tax Year: 2026

General Information

  • Inclusions: Dishwasher(s), Microwave(s), Refrigerator(s), See Remarks, Stove(s)/Range(s)
  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 0021354030
  • Property Condition: Very Good
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Building Information

  • Building Information: Built On Lot

Parking Information

  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 2
  • Bedrooms Lower: 0
  • Bedrooms Possible: 2
  • Bedrooms Upper: 2

Building Interior

  • Appliances Included: Dishwasher(s), Microwave(s), Refrigerator(s), See Remarks, Stove(s)/Range(s)
  • Building Area Total: 1768
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1768
  • Square Footage Finished: 1768
  • Square Footage Unfinished: 0

General Information

  • Appliances: Dishwasher, Microwave, Refrigerator, See Remarks, Stove(s)/Range(s)
  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl Plank, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Interior Features: Water Heater
  • Levels: Two
  • Living Area: 1768
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 0
  • Power Production Type: Electric
  • Security Features: Security Gate

Exterior

Parking Information

  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, RV Parking
  • Parking Total: 4
  • Parking Uncovered Total: 2

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 4.74
  • Lot Size Square Feet: 206474
  • Lot Size Units: Square Feet
  • Site Features: Gated Entry, Outbuildings, RV Parking
  • Topography: Partial Slope
  • Vegetation: Brush,Fruit Trees,Garden Space,Wooded
  • Elevation Units: Feet
  • Water Source: Shared Well

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: Yes
  • Roof: Composition
  • Structure Type: House

General Information

  • Carport: No
  • Covered Spaces: 2
  • Exterior Features: Cement Planked
  • Sewer: Septic Tank

Room Information

Room: Bathroom Half

  • Level: Main

Room: Dining Room

  • Level: Main

Room: Family Room

  • Level: Main

Room: Kitchen With Eating Space

  • Level: Main

Room: Living Room

  • Level: Main

Room: Utility Room

  • Level: Main

Room: Bathroom Full

  • Level: Second

Room: Bathroom Full

  • Level: Second

Room: Bedroom

  • Level: Second

Room: Extra Fin Room

  • Level: Second

Room: Primary Bedroom

  • Level: Second

308 Key Peninsula Highway 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.

308 Key Peninsula Highway 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.

308 Key Peninsula Highway 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

308 Key Peninsula Highway NW History

Date Event Value Agent
6/17/2026Source: NWMLS Added to Database
June 17, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021