Lakebay Homes under $350,000

Welcome to Lakebay, Washington – a hidden gem nestled in the picturesque Pierce County, where nature meets community charm. Located just a stone's throw from the stunning Puget Sound, Lakebay offers a serene lifestyle surrounded by lush forests, sparkling waters, and breathtaking mountain views. This quaint town is perfect for those seeking a peaceful retreat while still being conveniently close to urban amenities.

Lakebay is known for its friendly atmosphere and vibrant community spirit. Residents enjoy a variety of outdoor activities, from kayaking and fishing on the pristine waters of the Key Peninsula to hiking through the nearby scenic trails. The area is also home to several parks and recreational facilities, making it an ideal destination for families and nature lovers alike.

For homebuyers looking to settle in this idyllic location, Lakebay offers an array of charming homes priced under $350,000. Whether you’re a first-time buyer, a growing family, or looking to downsize, you’ll find a variety of options that suit your needs and budget. From cozy bungalows to contemporary townhomes, these properties boast unique character and are often surrounded by stunning natural beauty.

With its affordable housing market, Lakebay is not just a place to live; it’s a place to thrive. Explore the opportunities that await you in this enchanting waterfront community, where your dream home is just a heartbeat away. Come discover the allure of Lakebay, where the beauty of nature meets the warmth of community living!

Newest Lakebay Homes under $350,000

$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

$315,000

3 Beds ⋅ 2 Baths ⋅ 2587967 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

$289,000

1 Beds ⋅ 1 Baths ⋅ 2572099 MLS

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

$321,500

2 Beds ⋅ 2 Baths ⋅ 2556878 MLS ⋅ Herron Island Division # 6 BLDG.

Escape to the peace and privacy of Herron Island, a charming island community with its own passenger and vehicle ferry, just 45 minutes from Tacoma. Perfectly positioned to capture beautiful water views, this inviting cabin offers a relaxing retreat where every day feels like a vacation.The main entry on the ground floor features the primary bedroom with closet, a full bathroom with double sinks, a classic clawfoot tub, and a stackable washer and dryer. You'll also find a finished bonus room (without a window) that's ideal for a walk-in closet, hobby room, or additional storage.The second level boasts an open-concept living room, dining area, and kitchen with abundant cabinetry and granite countertops, along with a second full bathroom. Vaulted ceilings and skylights fill the home with natural light, creating a bright and airy atmosphere. The upper level offers a second bedroom and an open loft, perfect for guests, a home office, or extra sleeping space.Step outside to the covered deck and take in the tranquil water views. Situated on a generous 0.26-acre (11,429 sq. ft.) lot, there's plenty of room to relax and enjoy the island lifestyle.Herron Island residents enjoy access to community beaches, parks, a boat launch, seasonal docks, and miles of natural beauty. Whether you're looking for a full-time residence or the perfect weekend getaway, this is your chance to own a slice of Pacific Northwest paradise.

310 Fir Lane NW, Lakebay

$219,950

3 Beds ⋅ 1 Baths ⋅ 2534158 MLS

Here is the diamond in the rough you always hear about! Property has 2.35 acres with water, power and a three bedroom septic. The mobile home is a tear down and of no value. Seller is unable to do any cleanup. Property has a lot of old vehicles. Most in some form of disrepair and have been stripped of wiring. Enter the property at your own risk. Must be accompanied by a licensed broker.

1310 Key Peninsula Highway NW, Lakebay

$189,900

2 Beds ⋅ 1 Baths ⋅ 2533508 MLS

Island living doesn’t get more charming than this! Tucked away on ferry-access-only Herron Island, this 2-bedroom, 1-bath home offers beautiful water views, abundant wildlife, and the peaceful escape you’ve been looking for. Located just about 25 minutes outside of Seattle, this charming island retreat makes a fantastic vacation getaway or weekend escape. The island’s friendly resident deer are frequent visitors, adding to the one-of-a-kind experience. Enjoy slow mornings and relaxing evenings on the oversized covered deck while taking in the quiet surroundings and beautiful scenery. With resident-only access, Herron Island offers a private, peaceful atmosphere while still keeping you within reach of the city. Whether you’re looking for a vacation spot, weekend retreat, or a place to simply get away from it all, this island gem is ready and waiting—come make it your own!

819 E Madrona Boulevard NW, Lakebay

$349,900

3 Beds ⋅ 2 Baths ⋅ 2519168 MLS ⋅ Herron Island Division # 2 BLDG.

Welcome to your fully reimagined Herron Island retreat. Thoughtfully remodeled from top to bottom, this stunning 3-bedroom, 2-bath home offers 1,056 sq ft of stylish and functional living space in one of the Pacific Northwest’s most unique private island communities. Nearly every surface has been updated, creating a fresh, move-in-ready home that perfectly blends modern comfort with laid-back island charm. The open-concept layout is filled with natural light and designed for easy everyday living or weekend escapes. Updated finishes throughout give the home a clean, modern feel, while the spacious lot offers privacy, tranquility, and room to enjoy the outdoors. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity, this home offers the perfect balance of comfort and island living. Located on private ferry-access Herron Island, residents enjoy access to community beaches, parks, trails, seasonal docks, and a boat launch—all surrounded by the natural beauty of the Puget Sound. A rare opportunity to own a turnkey island home where everything has already been done for you. Seller will provide a 12-month home warranty with an acceptable offer for added peace of mind. Be sure to ask about potential seller-paid closing cost assistance!

22504 Maple Drive NW, Lakebay

$349,950

3 Beds ⋅ 2 Baths ⋅ 2502301 MLS ⋅ Palmer Lake Div # 2 BLDG.

Charming Palmer Lake home on a spacious .25-acre lot! 1,296 sq ft of comfortable living space with an inviting open floorplan! Enjoy the bright and open living room that flows seamlessly into the kitchen featuring stainless steel appliances, a stainless-steel farmhouse sink, white cabinetry, and an adjacent dining area—perfect for everyday living and entertaining. Durable waterproof laminate flooring runs throughout the home. The generous primary suite includes a walk-in closet and a walk-in shower, while two additional guest bedrooms and a full bath provide plenty of space for everyone. Outside, you’ll find ample room for RV parking and multiple outbuildings with storage—ideal for hobbies, tools, or extra storage needs. Experience all that Palmer Lake living has to offer with incredible community amenities, including private beaches, docks, picnic areas, and a fully stocked lake for fishing. Spend your days paddle boating, kayaking, canoeing, or simply relaxing by the water—this is lake life at its best!

1828 197th Avenue SW, Lakebay

$319,000

2 Beds ⋅ 2 Baths ⋅ 2492798 MLS ⋅ Herron Island Div # 5 BLDG.

Slow down, you’ve made it to Herron Island — a private island community where life moves to the rhythm of the water, and the ferry ride on the Charlie Wells becomes part of your daily unwind. This single-level cabin, just shy of 1,500 square feet, offers easy, comfortable living with 2 bedrooms and 2 baths. The primary suite is spacious and filled with natural light, complete with its own ensuite bath (including washer/dryer plus walk-in closet. The second bedroom is generously sized for guests, hobbies, or quiet retreat. The heart of the home is the open living area that flows into the kitchen and dining space — perfect for slow mornings with coffee or relaxed evenings after a day on the beach. A small office nook makes working remotely feel a little less like work. Upstairs, a loft storage area keeps things practical, while the enclosed porch (not included in the square footage) invites you to linger a little longer with a book or a glass of wine. Set on a level 0.61-acre lot, there’s room to dream — a future garage, workshop, garden, or simply wide-open space to enjoy the privacy and peace that island living brings. The cabin could use some updating, but it’s completely livable as-is — giving you the chance to settle in first and make it your own over time. If you’ve been craving a place where weekends stretch longer and the mainland feels a world away, this might be it. Enjoy community features such as the beaches, trails, boat launch, seasonal boat docks & more!!

402 E Madrona Boulevard NW, Lakebay

$180,000

2487098 MLS

Tucked away on private Herron Island, this rare ½-acre property with water views offers the perfect blend of peaceful island living and future potential. Accessible by ferry, this is your opportunity to own a true Pacific Northwest retreat. The property is cleared and build-ready, featuring a permitted 320 sq ft custom tiny home (classified as an outbuilding) set on a foundation with electricity and water already connected. The tiny home includes a main-level kitchen with mini fridge and microwave, dining area, and living space with large pull-out bed, plus an upstairs loft for additional sleeping or office space. A major bonus—sellers have completed a 3-bedroom septic design with a recently approved permit, making this property primed for expansion. Live simply in the existing tiny home while you build, create a private getaway, or explore Airbnb/short-term rental potential. Additional features include a 10x10 shed, dog kennel, and even a paddleboat. Herron Island is a private community offering incredible amenities: North Beach Park with sandy beachfront, boat launch, dock, kayak racks, and covered picnic area, plus South Beach Park, scenic trails, and a vibrant community. Whether you're searching for a tiny home escape, build-ready land with utilities, or a unique investment opportunity, this property delivers. Peaceful, private, and about an hour from Tacoma and Puyallup—your island retreat awaits.

826 E Herron Blvd NW, Lakebay

$224,900

3 Beds ⋅ 2 Baths ⋅ 2461035 MLS

Live the Island life! Have you ever wanted to have your personal Hide-away? A place where you pretty much know all your neighbors, and at the same time, the feeling that your living at a resort. Herron Island is a hidden gem in Puget Sound. The whole Island is one Homeowner association, owning waterfront park, their own ferry boat, plus playfields. Public water system and on Island fire station you are not without everything you need. The home here offers a rustic environmental feeling, but very functional. Primary suite on the main level, with two more bedrooms upstairs. Big living room with wood stove fireplace and large entertainment area with a lot of windows. You will absolutely want to see this for yourself.

22115 Maple Drive NW, 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 Homes under $350,000

Newest Lakebay Homes under $350,000

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