308 Key Peninsula Highway NW, Lakebay, WA 98349 - Photo 1

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$624,950 -$25,050 (-3.85%) Price Reduced

For Sale
Active
Single Family
2 Beds
2 Full Baths
1 Partial Bath
1,768 Sq. Ft.
Updated 1 day ago

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Saturday 7/18 11:00 AM - 1:00 PM

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

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Property Description

Welcome to Lakebay, where life slows down and there's finally room to live the way you've always imagined. Set on 4.74 usable acres behind an expansive gated driveway, this charming country property offers the perfect balance of privacy, comfort, and opportunity. Surrounded by mature trees and beautiful afternoon views, the property invites you to embrace the outdoors. Enjoy summer evenings on the newer patio, pick cherries from your own tree, explore your land while winding through the scenic wooded portion of the property, or create the hobby farm you've always dreamed about. With ample open space, the land is well-suited for animals, gardens, recreational vehicles, outdoor hobbies, and so much more. Inside, the home offers a functional and comfortable layout that lives like a 3-bedroom home, with a spacious primary suite featuring an ensuite bath and walk-in closet. The inviting kitchen provides plenty of room to gather, while modern systems and thoughtful updates help make everyday living easy. A shared well serves the property, and multiple outbuildings provide valuable storage space for tools, equipment, recreational gear, or livestock supplies. Properties like this are becoming increasingly difficult to find. Offering nearly five acres of usable land, privacy, flexibility, and the peaceful lifestyle the Key Peninsula is known for, this is more than just a home. It's an opportunity to create the lifestyle you've been searching for.

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Full Property Details

Full Property Details for 308 Key Peninsula Hwy NW

General

Price: $624,950
Taxes: $5,408 (2026)
Status: Active
Type: Single Family
Source: NWMLS
MLS ID: 2541483
Updated: 7/13/2026
Added to Site: 28 day(s) ago

Interior

Interior Features: Water Heater
Appliances: Dishwasher(s), Microwave(s), Refrigerator(s), See Remarks, Stove(s)/Range(s)
Flooring: Vinyl Plank, Carpet

Rooms

Bathrooms

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

Bedrooms

Total Bedrooms: 2
Bedrooms Upper: 2

Additional Information

Amenities: Gated Entry, Outbuildings, RV Parking
Security/Safety: Security Gate

Parking

Garage: Yes
Attached garage: Yes
Covered Spaces: 2
Uncovered Spaces: 2
Parking Features: Driveway, Attached Garage, RV Parking

Location

Area: 4 - Key Peninsula South
County: Pierce
Subdivision: Lakebay
Driving Directions: From Hwy 16, take the Purdy/Key Peninsula exit onto SR 302 W. Continue approx. 15 miles, then left onto Key Peninsula Hwy NW. Property is on the right at 308 Key Peninsula Hwy NW.

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, Wall Furnace
Water Heater: Electric

Utilities

Sewer: Septic Tank
Water: Shared Well

Structural Information

Structure Type: House
Exterior Const.: Cement Planked
Foundation: Poured Concrete
Roof: Composition
Square Feet: 1,768
Finished Total: 1,768 Sq. Ft.
Year Built: 2017
Property Condition: Very Good

Lot Features

Property View: Territorial
Lot Size (Acres): 4.74
Lot Size (Sq. Ft.): 206,474
Lot Size Source: Realist
Topography: Partial Slope
Trees/Vegetation: Brush, Fruit Trees, Garden Space, Wooded

Financial Considerations

Tax Amount: $5,408.3
Tax Year: 2026
Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

Special Conditions: None
Inclusions: Dishwasher(s), Microwave(s), Refrigerator(s), See Remarks, Stove(s)/Range(s)
Property ID: 21354030

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

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Schools

Schools serving 308 Key Peninsula Hwy NW

School District:Peninsula School District

Name	Grades	Distance
Evergreen Elementary School, Lakebay, WA 1820 Key Peninsula Hwy KPS, Lakebay, WA 98349	PK-5	1.4 mi
Vaughn Elementary School 17521 Hall Road Northwest, Vaughn, WA 98394	PK-5	5.9 mi
Artondale Elementary School 6219 40th Street Northwest, Gig Harbor, WA 98335	PK-5	7.2 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 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 308 Key Peninsula Hwy NW Get Price Alerts and Save Property

Date

Details

Price

Change

Source

7/13/2026

Price Reduced

$624,950

-3.85%

MLS

6/17/2026

Listed

$650,000

47.74%

MLS

1/29/2021

Sold

$439,950

—

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 308 Key Peninsula Hwy NW

Year

Property Taxes

Change

Tax Assessment

Change

2025

$5,447

$610,800

2024

$5,156

$568,700

—

2023

$4,946

$568,200

28%

2022

$4,524

$445,400

14%

2021

$4,234

$389,100

2020

$4,153

21%

$362,500

10%

2019

$3,437

208%

$329,200

288%

2018

$1,115

-3%

$84,900

-6%

2017

$1,149

$90,000

13%

2016

$1,082

-3%

$79,900

-7%

2014

$1,119

—

$85,900

2014

$1,119

—

$80,100

—

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 308 Key Peninsula Hwy NW

308 Key Peninsula Highway NW, Lakebay, WA 98349 (MLS# 2541483) is a Single Family property with 2 bedrooms, 2 full bathrooms and 1 partial bathroom. 308 Key Peninsula Highway NW is currently listed for $624,950 and was received on June 17, 2026. Want to learn more about 308 Key Peninsula Highway 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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308 Key Peninsula Hwy NW Lakebay, WA 98349