14118 42nd Street Ct SW, Lakebay, WA 98349 - Photo 1

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$799,950 Sale Pending

For Sale
Pending
Single Family
3 Beds
1 Full Bath
1 Partial Bath
1,824 Sq. Ft.
Updated 9 days ago

Listed by Hailee Keely | PropertiesNW of Gig Harbor Ltd | (253) 851-2511

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Property Description

Tucked along the shoreline in Lakebay, this waterfront property feels like one of those spots you're lucky to find. With 90 feet of sandy beachfront, it captures that dream of owning your own beach. It's the kind of shoreline people are always hoping for but rarely come across. Soft sand, a quiet stretch of shoreline, and space to spread out and unwind. A well-established trail leads you to the water, where both water and power are already in place, making it easy to spend full days right at the beach. Set on a spacious lot, the home offers flexibility in all the right ways. Main floor living keeps things simple, while the daylight basement includes a second kitchen, additional bedroom space, and room to spread out. In total, you'll find 3 bedrooms plus an additional finished room for a fourth bedroom, office, gym, or storage. The layout works well for multi-generational living, guests, or a setup that could live like two separate units within a single-family home. Plenty of parking, including covered space for a boat or toys. Walls of windows bring in natural light and frame peaceful water views, while the massive deck gives you a front row seat to long, easy evenings by the water. A separate beachside cabin adds even more charm and flexibility. Whether you're looking for a full-time home, weekend getaway, or something in between, this is a property worth experiencing in person.

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Full Property Details

Full Property Details for 14118 42nd St Ct SW

General

Price: $799,950
Taxes: $5,225 (2026)
Status: Pending
Type: Single Family
Source: NWMLS
MLS ID: 2514072
Updated: 5/12/2026
Added to Site: 15 day(s) ago

Interior

Interior Features: Second Kitchen, Ceiling Fan(s), Water Heater
Appliances: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Flooring: Ceramic Tile, Vinyl Plank

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 1
3/4 Bathrooms: 1
Main Floor Baths: 1
Lower - 3/4 Baths: 1

Bedrooms

Total Bedrooms: 3
Bedrooms Lower: 1
Bedrooms Main: 2

Parking

Garage: Yes
Attached garage: Yes
Carports: Yes
Covered Spaces: 2
Uncovered Spaces: 2
Parking Features: Attached Carport, Driveway, Attached Garage, Off Street

Location

Area: 4 - Key Peninsula South
County: Pierce
Subdivision: Lakebay
Driving Directions: From Hwy 16, take Purdy Dr NW exit, follow to WA-302 W, continue to Key Peninsula Hwy, left on 92nd St NW, right on 144th Ave NW, follow to 42nd St Ct SW. May need address as "Home" instead of Lakebay
Direction Faces: Southwest

School Information

High School District: Peninsula
Elementary School: Evergreen Elem
Middle School: Key Peninsula Mid
High School: Peninsula High

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Ductless
Heating Type: Ductless
Water Heater: Electric

Utilities

Sewer: Septic Tank
Water: Shared Well

Structural Information

Structure Type: House
Exterior Const.: Wood
Basement Desc.: Daylight, Finished
Foundation: Poured Concrete
Roof: Composition
Square Feet: 1,824
Finished Total: 1,824 Sq. Ft.
Year Built: 1979
Property Condition: Average

Lot Features

Property View: See Remarks, Sound, Territorial
Lot Size (Acres): 0.8264
Lot Size (Sq. Ft.): 36,000
Lot Size Source: Realist
Topography: Sloped
Lot Features: Dirt Road, Secluded

Water Features

Water Front: Yes

Financial Considerations

Tax Amount: $5,225
Tax Year: 2026
Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

Special Conditions: None
Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Property ID: 120188003

Listed by Hailee Keely | PropertiesNW of Gig Harbor Ltd | (253) 851-2511

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Schools

Schools serving 14118 42nd St Ct SW

School District:Peninsula School District

Name	Grades	Distance
Evergreen Elementary School, Lakebay, WA 1820 Key Peninsula Hwy KPS, Lakebay, WA 98349	PK-5	2.6 mi
Artondale Elementary School 6219 40th Street Northwest, Gig Harbor, WA 98335	PK-5	7.2 mi
Vaughn Elementary School 17521 Hall Road Northwest, Vaughn, WA 98394	PK-5	9 mi
Key Peninsula Middle School 5510 Key Peninsula Hwy N, Lakebay, WA 98349	6-8	6.3 mi
Peninsula High School 14105 Purdy Drive, Gig Harbor, WA 98332	9-12	12.6 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 14118 42nd St Ct SW Get Price Alerts and Save Property

Date

Details

Price

Change

Source

5/07/2026

Listed

$799,950

166.65%

MLS

7/02/2014

Sold

$300,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 14118 42nd St Ct SW

Year

Property Taxes

Change

Tax Assessment

Change

2024

$4,745

—

$589,500

13%

2024

$4,745

—

$522,200

-4%

2023

$4,740

$543,900

25%

2022

$4,439

$436,800

14%

2021

$4,183

$384,300

2020

$4,156

15%

$362,900

2018

$3,606

—

$341,900

14%

2018

$3,606

14%

$301,000

12%

2017

$3,164

-2%

$268,500

2016

$3,235

12%

$259,400

13%

2014

$2,898

—

$230,400

2014

$2,898

—

$221,900

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 14118 42nd St Ct SW

14118 42nd Street Ct SW, Lakebay, WA 98349 (MLS# 2514072) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 14118 42nd Street Ct SW is currently listed for $799,950 and was received on May 07, 2026. Want to learn more about 14118 42nd Street Ct SW? Do you have questions about finding other Single Family real estate for sale in Lakebay? You can browse all Lakebay real estate or contact a Coldwell Banker agent to request more information.

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14118 42nd St Ct SW Lakebay, WA 98349