Lakebay Real Estate

Welcome to Lakebay, Washington—a hidden gem nestled in the picturesque Pierce County. This charming community is situated on the serene shores of the beautiful Puget Sound, offering breathtaking views and a tranquil lifestyle that many dream of. With its lush landscapes, vibrant wildlife, and a close-knit community, Lakebay is the perfect place to call home.

Lakebay boasts a rich history and a welcoming atmosphere, making it an ideal destination for families, retirees, and outdoor enthusiasts alike. The area is known for its stunning natural beauty, with ample opportunities for hiking, boating, and fishing. Nearby parks and reserves, such as the scenic Penrose Point State Park, provide residents with easy access to pristine beaches and lush forests, perfect for weekend adventures or peaceful strolls.

The local community is characterized by its friendly residents and a strong sense of belonging. You’ll find charming local shops, cozy cafes, and delightful eateries that showcase the region’s culinary talent. Lakebay’s close proximity to larger cities like Tacoma and Seattle means that residents can enjoy the tranquility of small-town living while still having access to urban amenities.

Education is a priority in Lakebay, with highly-rated schools and community programs that foster growth and development for children and adults alike. Whether you’re looking for a family home, a vacation retreat, or a peaceful place to retire, Lakebay offers a unique blend of natural beauty, community spirit, and accessibility.

Come discover the magic of Lakebay, where every day feels like a vacation!

Newest Listings in Lakebay

$889,000

4 Beds ⋅ 3 Baths ⋅ 2600862 MLS

WOW! Just feet from Mayo Cove in Lakebay! Beautiful, LIKE-NEW, One Story Craftsman home sits on a private 1-acre lot w/peek-a-boo view and packed w/Premium upgrades. Enjoy a prime lifestyle 1 mile from historic Lakebay Marina, boat ramp, moorage & Penrose Point State Park. Vaulted ceilings in living room & primary suite. Forced-air heat pump with AC and savings on your energy bill. Upgraded whole-home upgraded, extensive water filtration system. Home security system, PLUS separate high-tech outdoor camera network. Gourmet island kitchen boasts walk-in pantry & Whirlpool appliance package w/ high-performance hood, 2 wall ovens, built-in microwave, dishwasher & large 36-inch stainless steel fridge. Vaulted ceilings in large primary bedroom w/walk-in closet, ceiling fan plus EnSuite Bathroom w/separate soaking tub, shower & bidet. High-end finishes throughout, includes upgraded millwork, custom yarrow recessed doors, soft-close cabinets, wood-wrapped windows, pedestal sink. Premium GAIA plank waterproof, scratch-proof, pet proof, extra flooring included. Remote/app-controlled auto-programmable blinds. Complete fire suppression system in whole house & in fully finished insulated Garage w/ceiling fan. Massive 1,440 sq ft exposed aggregate driveway w/ built-in rebar & channel drainage. Roman slate stamped concrete walk-way & front porch. Built to last with Hardie Plank cement siding, plus a saltwater environment corrosion prevention package, RV parking, fruit trees, and more!

1306 165th Avenue NW, Lakebay

$169,900

2601765 MLS ⋅ Short Plat 78-92 BLDG.

Offered for sale are two (2) parcels totaling 3.468 acres with an installed well. Build one home or utilize the second parcel for an additional residence. A septic design was previously completed for a pressurized treatment system with gravelless drainfield, power is available in the street, and the well produces a 15 GPM yield. This is a great opportunity for a buildable property with the potential to support two homes. Recorded access is provided by easement from a private road, but there may also be the potential to establish direct access from main road, Key Peninsula Highway. Property is situated just south of Key Center -- just over 10 mins from the Peninsula Highway Bridge. No HOA or CC&R's either so stick-built or manufactured homes are both options. With core infrastructure already addressed and two separate parcels, this property offers excellent flexibility for a primary homesite with future potential for a second residence.

8120 158th Ave Court E, Lakebay

$50,000

2600390 MLS

Welcome to this beautifully wooded residential lot in Lakebay located in the Key Peninsula. This 10,454 square feet lot offers the chance to build a full time home or a peaceful weekend getaway. Tall evergreens and a private, tucked away feel set the tone, and the setting is hard to find this close to the South Sound. This lot is part of the Herron Beach Club community, giving residents private beach access for relaxing by the water, beachcombing, or simply watching the Sound change with the light. The Herron Island Ferry landing is just minutes away, which adds to the appeal for anyone drawn to the island lifestyle of Puget Sound. Nearby, Lakebay Marina and Penrose Point State Park offer boating, kayaking, hiking, and shoreline exploring, while Trillium Creek Winery, Joemma Beach State Park, and the shops and eateries of the Key Peninsula are an easy drive away. Buyers should confirm utilities, septic feasibility, and building requirements with Pierce County. This is a rare chance to create something personal in a setting that makes every day feel like a getaway.

21284040 202nd Avenue Ct NW, Lakebay

$465,000

3 Beds ⋅ 2 Baths ⋅ 2600160 MLS

Impeccably maintained single story home in the Palmer Lake community where pride of ownership is clear from the moment you arrive. Designed with an open concept great room and vaulted ceilings, the layout offers a natural flow that works beautifully for both daily living and gathering with friends. A wood stove anchors the space, adding warmth and a welcoming touch. The open kitchen features oak cabinetry, newer stainless steel appliances, pantry & breakfast bar. Flow seamlessly into the dedicated dining area that feels elevated from the typical eat in setup. A flexible den creates options for a home office, hobby room, or quiet escape, while 3 bedrooms and 2 full baths provide a layout that simply makes sense. The primary suite includes a private bath & walk in closet. Step outside to a wraparound deck overlooking a .22 acre lot, offering space to relax, entertain, or enjoy the outdoors. Located in the Palmer Lake community, this home offers a comfortable lifestyle in a setting that feels tucked away yet connected. View today!

1704 197th Avenue SW, Lakebay

$645,000

3 Beds ⋅ 2 Baths ⋅ 2599592 MLS

Move-in ready one-story home on nearly 1 acre of privacy in desirable Lakebay! This 3-bedroom, 2-bath home offers an open-concept layout with soaring 9ft vaulted ceilings. The kitchen features white cabinets, a large island, tile backsplash, a pantry, and quartz countertops - perfect for entertaining. Unwind in the primary suite with a spa-like 5-piece bath and a spacious walk-in closet,or relax outside on the covered patio overlooking gorgeous territorial views. A 2-car attached garage offers plenty of storage and parking, while central A/C keeps things comfortable year-round. Located on a quiet cul-de-sac with a paved road, sidewalk, and community lighting, this home offers the perfect blend of privacy and convenience. Don't miss this move-in ready gem!

1515 188th Avenue SW, Lakebay

$375,000

3 Beds ⋅ 2 Baths ⋅ 2599291 MLS

Wake up to Palmer Lake views in this 2025 modern shed-roof home, just a block from the private community clubhouse, beach park, boat launch and playground! Inside you’ll find 9' ceilings, a bright open layout and a large kitchen island with a stainless farm sink, perfect for cooking and gathering, plus a dining area where you can take in the peaceful water view. Luxury vinyl plank flows through the kitchen and baths, and modern ceiling fans, mini blinds with window valances and efficient heating add comfort and style. The primary suite features a double vanity bath and a large walk-in closet, with 3 bedrooms and 1.75 baths in all. Outside, new privacy fencing wraps most of the level lot, creating a private spot for relaxing evening fires while you soak in the serene lake view. The open land in front is a septic drainfield, which helps keep that view clear. An upgraded block skirting package adds lasting quality you won’t find on every manufactured home. Community membership is only $40 a year, and HOA dues are just $15 a month for road maintenance. Enjoy swimming, boating and easy living in a quiet Key Peninsula setting. Schedule your showing and see the view for yourself!

19307 22nd ST Court, Lakebay

$175,000

2599156 MLS

Water and Power to this acreage in the middle of Key Peninsula near Key Center shopping and amenities. Just up the hill and on the right is what used to be an old ancestral farm. Original dwelling burned down in a fire and the lot is now for sale. 2.43 acres with access to 92nd Street, some level some sloped, room for pasturage, barn, outbuildings etc. Rebuild the small farmhouse or plan the home of your dreams. Please only go onto property with permission from the seller or with a licensed broker.

16105 92hd Street NW, Lakebay

$299,000

3 Beds ⋅ 3 Baths ⋅ 2598378 MLS

Escape to your own slice of island life! This 1,370 sq. ft. cabin sits on Herron Island, accessible by private ferry, and offers 3 bedrooms and 2.5 baths across a layout built for gathering. Originally built in 1966, the home has seen thoughtful additions and updates over the years, including a durable metal roof. Step into a cozy living room with fireplace, open to the kitchen for easy entertaining. The main floor also features a laundry room with half bath, two bedrooms, a full bathroom, and a family room with a hide-away bed for extra guests. Upstairs, a private bedroom retreat awaits with its own 3/4 bath and covered deck, the perfect spot to soak in the filtered water views. Enjoy an easy stroll to the community beach, boat launch, seasonal docks, parks, and trails. The detached garage currently serves as a workshop, ready for your next project. Sale includes an additional vacant lot for a total of 0.80 acres, all tucked along a quiet island cul-de-sac road.

1207 E Madrona Boulevard NW, Lakebay

$275,000

3 Beds ⋅ 2 Baths ⋅ 2598393 MLS ⋅ Palmer Lake BLDG.

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

$495,000

3 Beds ⋅ 2 Baths ⋅ 2595109 MLS ⋅ Joemma Beach BLDG.

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

$770,000

5 Beds ⋅ 3 Baths ⋅ 2594873 MLS

Experience an extraordinary blend of elegance, tranquility & timeless beauty in this stunning 5-bedroom, 2.5-bath residence offering 2,776 sq ft on 1.45 acres of level, fully fenced grounds. Surrounded by breathtaking, storybook scenery, this exceptional property is picturesque! A beautiful entryway adorned with elegant wainscoting welcomes you into beautifully appointed living spaces, including formal dining, inviting living areas & a charming sitting area/room in the front to enjoy your surroundings. Remodeled kitchen showcases quartz countertops, beautiful cabinets, pantry and beautiful backsplash. Luxurious main-floor primary suite offers a peaceful retreat-beautifully painted, walk in closet 5 pc bathroom with windows to the back yard. Upstairs - discover generously sized bedrooms & an expansive loft with endless possibilities. Entertain effortlessly on the impressive oversized deck overlooking your picturesque acreage. Exceptional amenities include a NEW 2026 roof with transferable warranty, 2024 generator, EV charger, A/C & oversized garage. A rare opportunity to enjoy refined living, expansive grounds & an enchanting setting straight from the pages of a storybook. Truly unforgettable!

221 195 Avenue SW, Lakebay

$298,892

3 Beds ⋅ 2 Baths ⋅ 2594777 MLS

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

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Information courtesy of Intermountain Multiple Listing Service. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non‐commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. All listings provided by IMLS are marked with the official IMLS IDX icon.

Lakebay Real Estate

Newest Listings in Lakebay

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