20515 21st Street NW, Lakebay, WA 98349 - Photo 1

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$995,000

For Sale
Active
Single Family
2 Beds
3 Partial Baths
2,058 Sq. Ft.
Updated 1 day ago

Listed by Kimber Parker | Windermere Prof Partners | (253) 851-7374 and Jo Jensen | Windermere Prof Partners | (253) 851-7374

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Property Description

Architecturally inspired & beautifully sited on nearly two acres of medium-bank waterfront, this extraordinary custom residence captures sweeping views of Puget Sound, majestic mountains, & the Heron Island ferry. Inspired by the work of renowned modernist architect Richard Meier & thoughtfully designed by acclaimed Gig harbor architect James E. Kaczmarek, the home is a striking blend of contemporary design & natural beauty. Floor-to-ceiling windows, soaring skylights, graceful coved architectural details, & an open-concept layout fill the home with abundant natural light & frame the ever-changing waterfront vistas. The main level features a refined kitchen & expansive gathering spaces opening to two view decks. Upstairs, two luxurious primary suites each enjoy private baths, private view balconies, including a grand waterfront retreat & a second more secluded sanctuary. A lofted seating area overlooks the dining room & spectacular views beyond. Step outside, add a path down to the beach, to embrace an exceptional waterfront lifestyle; beach-combing, kayaking, paddleboarding, & endless opportunities to explore the shoreline just beyond your doorstep. Or simply relax & enjoy spectacular sunsets over the water. Wildlife abounds with eagles, seals, orcas, & deer frequenting the property. Detached 2-car garage w/workshop, flex space, & storage complements the lush grounds adorned with fruit trees, flowering gardens, & mature landscaping, creating a truly exceptional PNW estate.

Full Property Details

Full Property Details for 20515 21st St NW

General

Price: $995,000
Taxes: $1,496 (2024)
Status: Active
Type: Single Family
Source: NWMLS
MLS ID: 2542607
Updated: 7/13/2026
Added to Site: 22 day(s) ago

Interior

Interior Features: Second Primary Bedroom, Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
Appliances: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
Flooring: Ceramic Tile, Laminate, Carpet

Rooms

Bathrooms

Total Bathrooms: 3
3/4 Bathrooms: 2
Half Bathrooms: 1
Upper - 3/4 Baths: 2
Main Floor Baths: 1
Main - 1/2 Baths: 1

Bedrooms

Total Bedrooms: 2
Bedrooms Upper: 2

Additional Information

Amenities: Deck, Patio, Shop

Parking

Garage: Yes
Covered Spaces: 2
Uncovered Spaces: 4
Parking Features: Driveway, Detached Garage

Location

Area: 4 - Key Peninsula South
County: Pierce
Subdivision: Lakebay
Driving Directions: South on Key Peninsula Hwy to Home, WA. Turn right before the bridge onto Herron Rd NW which turns into N Herron Rd NW past Herron Ferry Terminal. Left on 21st St NW. Last house on 21st.
Direction Faces: West

School Information

High School District: Peninsula
Elementary School: Buyer To Verify
Middle School: Key Peninsula Mid
High School: Peninsula High

Heating & Cooling

Cooling Type: None
Heating Type: Forced Air
Water Heater: Propane

Utilities

Sewer: Septic Tank
Water: Individual Well

Structural Information

Architectural Style: Contemporary
Structure Type: House
Exterior Const.: Stucco
Basement Desc.: None
Foundation: Poured Concrete
Roof: Flat
Entry Location: Main
Square Feet: 2,058
Finished Total: 2,058 Sq. Ft.
Year Built: 1997
Property Condition: Very Good

Lot Features

Property View: Bay, Mountains, Sea, Sound
Lot Size (Acres): 1.64
Lot Size (Sq. Ft.): 71,438
Lot Size Source: REALIST
Topography: Level, Partial Slope, Sloped
Lot Features: Dirt Road, Secluded
Trees/Vegetation: Brush, Fruit Trees, Garden Space, Wooded

Water Features

Water Front: Yes

Financial Considerations

Tax Amount: $1,496
Tax Year: 2024
Terms: Conventional, FHA, VA Loan

Disclosures and Reports

Special Conditions: None
Inclusions: Dishwasher(s), Dryer(s), Leased Equipment, Refrigerator(s), Stove(s)/Range(s), Washer(s)
Property ID: 21284020

Listed by Kimber Parker | Windermere Prof Partners | (253) 851-7374 and Jo Jensen | Windermere Prof Partners | (253) 851-7374

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Schools

Schools serving 20515 21st St NW

School District:Peninsula School District

Name	Grades	Distance
Evergreen Elementary School, Lakebay, WA 1820 Key Peninsula Hwy KPS, Lakebay, WA 98349	PK-5	3.1 mi
Vaughn Elementary School 17521 Hall Road Northwest, Vaughn, WA 98394	PK-5	5.1 mi
Artondale Elementary School 6219 40th Street Northwest, Gig Harbor, WA 98335	PK-5	9 mi
Key Peninsula Middle School 5510 Key Peninsula Hwy N, Lakebay, WA 98349	6-8	3.3 mi
Peninsula High School 14105 Purdy Drive, Gig Harbor, WA 98332	9-12	11.7 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 20515 21st St NW Get Price Alerts and Save Property

Date

Details

Price

Change

Source

6/23/2026

Listed

$995,000

1143.75%

MLS

10/27/1988

Sold

$80,000

—

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 20515 21st St NW

Year

Property Taxes

Change

Tax Assessment

Change

2025

$1,479

-1%

$1,295,700

12%

2024

$1,496

-58%

$1,153,200

-1%

2023

$3,541

-13%

$1,167,400

24%

2022

$4,085

-5%

$938,000

17%

2021

$4,288

-5%

$804,300

16%

2020

$4,523

-2%

$692,200

2018

$4,631

—

$654,600

13%

2018

$4,631

$577,800

11%

2017

$4,501

-27%

$520,900

2016

$6,166

45%

$503,500

2014

$4,263

—

$469,500

2014

$4,263

—

$451,400

—

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 20515 21st St NW

20515 21st Street NW, Lakebay, WA 98349 (MLS# 2542607) is a Single Family property with 2 bedrooms, 0 full bathrooms and 3 partial bathrooms. 20515 21st Street NW is currently listed for $995,000 and was received on June 23, 2026. Want to learn more about 20515 21st Street NW? 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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20515 21st St NW Lakebay, WA 98349