Key Peninsula South Real Estate

Welcome to Key Peninsula South, a hidden gem nestled in the heart of Pierce County, Washington. This charming subdivision is a picturesque retreat that offers the perfect blend of natural beauty and a tight-knit community atmosphere. Enveloped by the stunning waters of the Puget Sound, Key Peninsula South is renowned for its breathtaking waterfront views, lush forests, and an abundance of outdoor recreational opportunities.

Imagine waking up to the soothing sounds of nature, where the air is fresh and the scenery is nothing short of spectacular. The area boasts a variety of parks and trails, making it an ideal spot for hiking, biking, and exploring the great outdoors. Whether you’re casting a line from a serene fishing spot or enjoying a leisurely kayak ride, Key Peninsula South invites you to embrace the beauty of its surroundings.

Community is at the heart of Key Peninsula South. Residents take pride in their neighborhood, hosting seasonal events and gatherings that foster connections and friendships. The local schools are highly regarded, providing quality education and a nurturing environment for families. With a mix of charming homes, from cozy cottages to spacious waterfront properties, there’s something for everyone in this delightful subdivision.

Conveniently located, Key Peninsula South offers easy access to nearby amenities, including shopping, dining, and entertainment options. Plus, with the vibrant city of Tacoma just a short drive away, residents can enjoy the best of both worlds—quaint suburban living paired with urban conveniences.

Discover the magic of Key Peninsula South, where every day feels like a vacation in this beautiful corner of Washington state!

Newest Listings in Key Peninsula South

$625,000

3 Beds ⋅ 3 Baths ⋅ 2574425 MLS ⋅ Joemma Beach BLDG.

Peaceful Key Peninsula living at its finest! This spacious property is tucked away on a private cul-de-sac and sits on 2.5 private, wooded acreage. Step inside of this home and immediately get met with vaulted ceilings and an open-concept great room anchored by a cozy wood stove. The spacious kitchen is fully updated and features stainless steel appliances, abundant storage, and a full-size corner pantry. The main level offers 3 bedrooms with a large master suite, a private bath, and a generous walk-in closet. Upstairs, a versatile loft-style family room overlooks the living room and leads to an additional bedroom and full bath that is ideal for guests, a home office, or bonus space! Outside, enjoy the serenity of the surrounding trees, an attached 2-car garage, and plenty of additional parking. A rare opportunity to enjoy acreage, privacy, and room to spread out while still being within reach of Gig Harbor and the amenities of the Key Peninsula!

20401 22nd Street SW, Lakebay

$650,000

3 Beds ⋅ 2 Baths ⋅ 2568857 MLS ⋅ Joemma Beach BLDG.

Welcome home to Joemma Beach Farms, where modern construction meets the tranquility of coastal acreage. This exceptional 3-bedroom, 2-bath rambler is situated on a level 2.5-acre lot, offering the rare privacy and space you’ve been looking for. The heart of the home is an open-concept great room, enhanced by vaulted ceilings and bathed in natural light. The primary suite is a standout, boasting a spacious layout and a comprehensive 5-piece bath for ultimate relaxation. Enjoy effortless year-round comfort with integrated air conditioning and the ambiance of a custom electric fireplace. The exterior living spaces are equally impressive, featuring a covered patio for sunset relaxing and substantial parking capacity—perfect for boats, RVs, and guests. A newly built retaining wall and full fencing completes the back yard. With private, direct access to the beach path and a serene neighborhood setting, this property is the coastal escape you’ve been waiting for.

2220 202nd Avenue SW, Lakebay

$129,900

2536832 MLS

Build your dream home on this private and peaceful 5-acre parcel! This mostly level, lightly treed property offers abundant usable land, with the majority of the acreage dry and ready for development. The lot has been partially cleared, corners are marked, and perc tests have already been completed, making it easy to envision your future homesite. Explore the property's layout and spacious buildable area while enjoying the tranquility of a rural setting. Conveniently located near grocery stores and just minutes from boat launches, beaches, and parks, this property offers the perfect blend of privacy and accessibility.

45 Whiteman Road SW, Lakebay

$150,000

2538464 MLS

Opportunity is knocking on this shy 5-acre parcel off Delano Road. Previously logged in 2020, the property has been subject to a 6-year building permit moratorium that is now nearing its end, creating a timely opportunity for buyers ready to plan ahead. Driveway freshly paved! The land offers privacy, seclusion, and usable space for future development, with a private gravel easement providing access. The neighboring shy 5-acre parcel is also available, offering the chance to purchase nearly 10 acres total. Enjoy nearby outdoor amenities including Penrose Point State Park and Lakebay Marina. Owner financing may be available with a large down payment. Bring your vision and start preparing for what this property can become.

4 Lot 9th Street SW, Lakebay

$300,000

2538471 MLS

Rare opportunity to purchase two neighboring shy 5-acre parcels together for a combined total of nearly 10 acres. Lots 2 and 4 are part of the same short plat and offer privacy, seclusion, and long-term development potential off Delano Road. Previously logged in 2020, the parcels have been subject to a 6-year building permit moratorium that is now nearing its end, creating a timely opportunity for buyers ready to plan ahead. A private gravel easement provides access to both lots, with usable land, natural surroundings, and room to create your vision. Enjoy nearby outdoor amenities including Penrose Point State Park and Lakebay Marina. Owner financing may be available with a large down payment.

24 156th Avenue SW, Lakebay

$150,000

2538462 MLS

2 Lot 156th Avenue SW, Lakebay

$425,000

2532374 MLS

Hard to find mostly level 4.96 acres on Key Peninsula Highway NW just minutes from Gig Harbor and Highway 16. Fantastic investment opportunity for a contractor's yard, agriculture-based business or a beautiful homesite. This site was originally being developed into a church and has storm water and hydrants in place. Water service is currently on site with easy access to power at the street. The drain field easement is on an adjoining parcel. Highway frontage and a large gravel parking lot and circular driveway is already in place. It is currently being used by a business to park their semi tractor/trailers.

12006 Key Peninsula Highway NW, Gig Harbor

$230,000

2503135 MLS

Opportunity knocks! PRICED under assessment! Don’t miss your chance to own this nearly 10-acre lot featuring mature timber and a mostly level terrain. Power transformer on the property. Whether you're looking to build, invest, or create your private retreat, this property offers endless potential

6315 Whiteman Road, Longbranch

$611,000

3 Beds ⋅ 3 Baths ⋅ 2456063 MLS

SHORT SALE!! Escape to a Private sanctuary in Lakebay - 3,037 sq. ft. home w/daylight basement that sits on 2.5 acres, offering unmatched tranquility & room to breathe. The seamless layout invites effortless living, while the expansive full-length deck provides a stunning backdrop for outdoor dining, quiet mornings, or gatherings beneath the Evergreens. Granite surfaces elevate the kitchen & baths & the primary suite offers a spa-quality experience with soaking tub, walk-in shower w/dual heads, & direct access to the deck. A walk-in pantry, dining alcove, generous laundry room, & flexible outbuilding add convenience & versatility. Space for RVs, boats, & more. Joemma Beach State Park only minutes away! A property that captures the essence of PNW Living!

2311 202nd Avenue SW, Lakebay

$310,000

2445533 MLS

Amazing Waterfront lot at West Bluff Estates with 180 degree views from Harstine Island all the way down to Olympia. Easy access to community stairs leading to a gorgeous sandy beach. Southwest exposure maximizes the sunlight that you get to enjoy! Great place to build your dream home! 4 bedroom septic plan was approved (expired).

6908 190th Avenue SW, Longbranch

$199,000

2287787 MLS

Every so often, a truly special property comes along, and Herron Hill is one of those rare opportunities. Tucked away at the end of a quiet dead-end road on the Key Peninsula, this beautiful five-acre parcel offers the privacy, tranquility, and natural beauty that make country living so appealing. A partially cleared homesite near the top of the property is ready for your vision and may offer Olympic Mountain views with selective clearing. Mature trees provide a peaceful setting, along with the potential for marketable timber, and the property has already been surveyed with corners clearly marked. Whether you've been dreaming of building your forever home or simply owning a private retreat, this property offers an exceptional place to start. Seller financing may be available, creating a unique opportunity for buyers who have always wanted to own land but are looking for greater flexibility than traditional financing may offer. Just a short drive to Gig Harbor, Highway 16, parks, and waterfront recreation, this is your chance to create something truly special.

1415 208th Avenue 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.