Lakebay Homes under $700,000

Welcome to Lakebay, Washington – a hidden gem nestled within the picturesque Pierce County. This quaint community, located on the scenic shores of the Key Peninsula, offers residents a unique blend of natural beauty and small-town charm. With breathtaking views of the Puget Sound and the majestic Olympic Mountains, Lakebay is a haven for outdoor enthusiasts and anyone seeking a peaceful retreat from the hustle and bustle of city life.

Lakebay boasts a rich tapestry of recreational opportunities. Whether you enjoy kayaking, hiking, or simply soaking in the stunning sunsets, the area is brimming with parks, trails, and waterfront access. The nearby Penrose Point State Park is a favorite among locals, offering serene picnic spots and trails that wind through lush forests and along the shoreline.

For those considering a move to this idyllic locale, you’ll be pleased to discover a variety of charming homes available for under $700,000. From cozy cottages with character to modern family residences, Lakebay provides diverse real estate options that cater to different lifestyles and budgets. Many homes feature spacious yards, perfect for gardening or entertaining, and some even offer stunning views of the water or surrounding nature.

Living in Lakebay means embracing a slower pace of life while still enjoying convenient access to nearby amenities, including shopping, dining, and cultural attractions in neighboring towns. With its welcoming community spirit and breathtaking landscapes, Lakebay is more than just a place to live; it’s a place to thrive. Come explore your future home in this enchanting corner of Washington!

Newest Lakebay Homes under $700,000

$495,000

3 Beds ⋅ 2 Baths ⋅ 2595109 MLS ⋅ ACTIVE Status

Enjoy room to spread out on 2.5 wooded acres with this spacious 3 bed, 2 bath home offering nearly 1,800 sqft of comfortable single-level living. A light-filled interior welcomes you with generous living and dining spaces, warm laminate flooring, skylights, and a freestanding wood stove that creates a cozy focal point for those chilly PNW nights. The roomy kitchen offers abundant cabinetry, useful island, plenty of countertop space, and an easy flow into the dining area. French doors, ceiling fans, double-pane windows, and a private primary suite with attached bath add to this home’s everyday comfort. A dedicated utility room with washer and dryer provides added convenience as well. Outside, the property offers a peaceful blend of open, level areas and mature trees with plenty of space for gardening, recreation, hobbies, or simply enjoying the privacy. An impressive 960 sqft of garage space with built in work space, 2 bays + an RV height door, plus additional outbuildings for storage & hobbies. This property provides excellent room for vehicles, projects, equipment, and storage. Located in Lakebay on the beautiful Key Peninsula, enjoy a quieter, more rural lifestyle surrounded by the natural beauty of the Pacific Northwest. Nearby parks, trails, beaches, and Puget Sound recreation offer endless opportunities to get outdoors, while Key Peninsula Hwy provides access to local amenities and connections toward Gig Harbor and beyond.

20226 26th Street SW, Lakebay

Listing Broker: Keller Williams Realty; Drake Robert Romeo; 253-514-0575; drakeromeorealty@gmail.com

$298,892

3 Beds ⋅ 2 Baths ⋅ 2594777 MLS ⋅ ACTIVE Status

Bring your own personal touches to this sparkling freshly remodeled 3 bedroom 2 bath Manufactured home. Brand new Kitchen, all fresh Paint, new flooring, windows and recent roof and water heater make this the maintenance free path to community water front good times! Its big back yard is a wonderful private haven.

19518 28th Street SW, Lakebay

Listing Broker: Realty West Properties; David B. Watkins; 206-510-7672; thedbwatkins@gmail.com

$379,500

3 Beds ⋅ 2 Baths ⋅ 2594801 MLS ⋅ ACTIVE Status

Welcome to Palmer Lake Community and private access to the Waterfront, Dock, Playground and Park. Truly a gem in the NW Living on the Key Peninsula. Joemma Park and Penrose State Park just around the corner too ... Enjoy fishing, kayaking, boating, crabbing, and more at these saltwater parks. This home has just undergone a fresh update with all new carpeting, appliances, a landscaping refresh, and it is sparkling clean! Over 1500 SQ FT of living space with 3 Bedrooms, Den/Office, 2 Full Baths and an Open Design layout! Flooded with natural light with skylights, kitchen access to the Dining Room, Breakfast Nook and Eating Bar. A very spacious feeling with vaulted ceilings and windows facing East & West for all day sunshine. Entry Porch and Rear Deck... Partially fenced and there is a storage building. Loads of parking and a corner lot. HOA fee is just $230 per YR... covers the park, picnic tables, restrooms, lake access and the lake is stocked for year round fishing! Easy commute to both Port Orchard, Purdy, and Gig Harbor!

2621 194th Avenue SW, Lakebay

Listing Broker: John L. Scott, Inc.; Rhonda Edwards; 360-731-5988; RhondaEdwards@johnlscott.com

$474,999

3 Beds ⋅ 2 Baths ⋅ 2593773 MLS ⋅ ACTIVE Status

A private setting, room to spread out and fresh updates await on approximately 1.7 acres in Lakebay. This 1,546 sq ft single-level home offers 3 bedrooms, 1.75 baths and an expansive recreation room. Vaulted ceilings enhance the open living spaces, while new luxury vinyl plank flooring extends through the main living area, kitchen, dining area, laundry and hallway. The kitchen features a walk-in pantry and brand-new stainless steel appliances, including a French-door refrigerator, range, microwave and dishwasher. The primary suite includes a walk-in closet and attached bath, with new carpet in all bedrooms. Additional updates include a new water heater, in-wall A/C unit and LED light fixtures throughout. Enjoy outdoor gatherings beneath the covered picnic area or evenings around the fire pit. A storage shed and fencing along two sides round out this spacious property.

516 Tiedeman Road SW, Lakebay

Listing Broker: Windermere Real Estate/East; Tammy Yao; 650-288-8242; tammy@vestus.com

$315,000

3 Beds ⋅ 2 Baths ⋅ 2587967 MLS ⋅ ACTIVE Status

Experience all that lakefront living has to offer, while recreating or relaxing from this one-level view home ideally situated on a premier lot adjacent to Palmer Lake. Complete with picturesque gardens and a lawn that gently slopes toward the lake, the property offers a sense of peaceful retreat and endless opportunities from the private community swimming and fishing docks, picnic areas, and park. Bordered by a green belt for privacy, the home features 3 bedrooms and 2 baths, living room connected to a large kitchen with dining space, newer floors, patio for entertaining, fenced back yard, and ample parking. Appreciate the Palmer Lake sense of community and enjoy nearby Joemma and Penrose State Parks on the Puget Sound.

19116 21st Street SW, Lakebay

Listing Broker: eXp Realty; Berklee Olson; 209-819-0528; berkleeo@gmail.com

$386,500

3 Beds ⋅ 2 Baths ⋅ 2587463 MLS ⋅ ACTIVE Status

Assumable 4.5% VA loan available to qualified buyers, including non-veterans, subject to lender approval! Approx 362k balance on mortgage. Enjoy a fixed interest rate with no mortgage insurance and a current principal and interest payment of approximately $1,989/month, excluding taxes and insurance. Built in 2021, this home features an open-concept living area, spacious kitchen with breakfast bar, dining area, and flexible office space. The primary suite offers a private full bath and walk-in closet. Set on approximately 0.27 acre with a partially fenced yard and storage shed. Enjoy Palmer Lake community amenities, including lake access, private beach parks, boat launch, dock, picnic area, and basketball court. Discover newer-home comfort and an attractive financing opportunity on the Key Peninsula.

19518 18TH Street Ct SW, Lakebay

Listing Broker: Pellego, Inc.; Vito Dunmire; 253-237-2145; Vito@iSellHousesWA.com

$535,000

2 Beds ⋅ 2 Baths ⋅ 2582223 MLS ⋅ ACTIVE Status

Custom built, wonderfully designed 2 BR home with absolutely to die for 1564 sq ft 6 car detached heated, and finished garage!!! The home was exquisitely designed, equipped and built with so many special unique features! Incredible bank of pictures windows in the great room with soaring cathedral ceilings brings in so much natural light! Separate dining room with built in bookshelf and cabinets! Efficient smaller kitchen with wood cabinetry, gorgeous slab quartz countertops with single bowl drop-in undermount sink, and all newer stainless appliances. The home basically has 2 primary BR set-ups, with a large main floor BR with bathroom right next door with special walk-in tub shower unit. The upstairs boasts a primary suite with amazing 3/4 bath with walk-in custom tiled shower! Upstairs laundry with built-in cabinetry and sink. Every part of this home boasts natural wood trimmed windows, doors & so many built-in, well thought out cabinetry and storage features. The 1564 sq ft garage is AMAZING, and worth the price of this home alone! The garage is heated, insulated, and full of cabinetry, air compressor system, car lift and more! Back-up, propane powered generator system for home and garage! Two sheds, one with a heated office. Manicured yard with mature landscaping and full sprinkler system! This is simply a one of a kind property! Hurry!

19117 21st Street Ct SW, Lakebay

Listing Broker: RE/MAX Northwest; Larry Tuell; 253-312-1757; lartuell@msn.com

$475,000

2 Beds ⋅ 2 Baths ⋅ 2571025 MLS ⋅ ACTIVE Status

Discover comfort and small town charm in this beautiful rambler offering 1,662 square feet of comfortable living space. Featuring 2 bedrooms 2 baths situated on 1.148 acres awaiting your future garden and animals. Enjoy the peace and seclusion of the Key Peninsula. Step inside to an inviting open concept. Layout highlighted by abundant natural light. Large chef's island, stainless steel appliances perfect for entertaining or everyday living. Move in ready featuring a new roof, new stove, new paint throughout, new carpet, and more. Fully finished garage with fresh paint. Individual Well.

15615 53rd Street NW, Lakebay

Listing Broker: List4FlatFee.com, LLC; Stacie Whitfield; 425-344-6779; mls@list4flatfee.com

$289,000

1 Beds ⋅ 1 Baths ⋅ 2572099 MLS ⋅ ACTIVE Status

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.

406 E Madrona Drive, Lakebay

Listing Broker: Morrison House Sotheby's Intl; Christopher Floyd; 253-220-5700; epicPNWhomes@gmail.com

$439,950

3 Beds ⋅ 2 Baths ⋅ 2572115 MLS ⋅ ACTIVE Status

Private charming 3 bedroom house sitting on 1 1/4 acres in a park like setting. Two full bathrooms, dressing area, kitchen, dining area, den, living room, and laundry room. There are beautiful aluminum ramps for easy access for handicap accessibility. All new paint inside and new laminate flooring thru out the house. A new roof was professionally installed this year. The house comes with 1/4 share in the well that serves the house. It is move in ready and just waiting for a new owner.

16119 Pollack Drive NW, Lakebay

Listing Broker: MLS4owners.com; Chris C. Nye; 253-460-1900; sales@mls4owners.com

$540,000

3 Beds ⋅ 2 Baths ⋅ 2572328 MLS ⋅ ACTIVE Status

Rare opportunity to assume a 2.8% interest rate! The seller has adjusted the asking price to offer buyers the option to assume the existing mortgage with a 2.8% interest rate! Completely remodeled and move-in ready—everything is NEW! Thoughtfully redesigned with a nature-inspired, biophilic aesthetic, the home showcases exposed natural wood elements that bring warmth, texture, and an organic feel throughout. Step inside to a bright, open floor plan featuring vaulted ceilings, recessed lighting, modern rattan light fixtures, premium fixtures throughout, and durable luxury vinyl plank flooring. The home offers three spacious bedrooms and beautifully updated bathrooms with a custom premium pine vanity. The completely remodeled kitchen features all-new appliances, custom birch countertops, a real bamboo backsplash, and natural finishes that complement the home's unique design. Fresh interior paint and thoughtful updates throughout make this home truly move-in ready. Three doors open both ways, adding flexibility and functionality while enhancing the home's connection to the outdoors. Outside, the spacious property offers room for a potential ADU, providing exciting possibilities for multigenerational living, guests, a home office, or additional income-buyer verify. A two-car garage provides plenty of space for parking, storage, hobbies, and more. Duct and furnace cleaned, and pre-inspection completed.

19716 20th Street SW, Lakebay

Listing Broker: eXp Realty; Mykel Noel Schroeder; 206-308-0859; mykel.schroeder@exprealty.com

$495,000

3 Beds ⋅ 2 Baths ⋅ 2569775 MLS ⋅ ACTIVE Status

Discover island living at its best in this charming single-story cabin on a rare double lot—two separate taxable lots—with gorgeous water views. This inviting 3-bedroom, 2-bath home offers comfortable single-level living and a peaceful island retreat which looks down onto the community beach on the north end of the island. A unique bonus is the accessible area beneath the home, providing convenient parking/storage space for a small boat, golf cart, or similar recreational vehicle. Whether you're looking for a peaceful getaway, full-time island home, or a place to create lasting memories, this property offers an exceptional opportunity. Recent updates include a new roof, double pane windows and exterior paint. Herron Island is a private island community with its own passenger/vehicle ferry, making the journey part of the experience. Enjoy the water, explore the island, and embrace the relaxed pace of island living. With two lots, open water views, and versatile space beneath the home, this is a special opportunity to own your own piece of Herron Island! Interior photos to follow on Tuesday (18th)!!

1310 E Herron Boulevard NW, Lakebay

Listing Broker: Better Properties Gig Harbor; Karen D. Dorans; 253-219-4076; karen@herronisland.com

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Lakebay Homes under $700,000

Newest Lakebay Homes under $700,000

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