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$229,000
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Property Description
Discover the opportunity to own 12.83 acres of private wooded land, in the peaceful waterfront community of Lakebay, on the scenic Key Peninsula. Tucked away in a tranquil setting, this expansive parcel offers TWO BUILDING SITES, creating the flexibility to design a private estate, multi-generational retreat, or a primary residence with a guest home. Towering evergreens, natural forested surroundings, and abundant wildlife also make it the perfect camping site; surrounded by the privacy and serenity you have been looking for. Life in Lakebay is defined by its relaxed coastal charm, where days are spent exploring nearby shorelines, kayaking or boating along Carr Inlet, visiting local parks, and enjoying a slower pace. Residents appreciate the strong sense of community and easy access to recreation while still being within reach of the shopping, dining, and marinas of Gig Harbor and the amenities of Tacoma and Gig Harbor. Whether you're looking to build now or invest for the future, this rare acreage offers the chance to own something truly special in one of the peninsula's most peaceful and naturally beautiful settings.
Full Property Details
Full Property Details for 0 Cornwall Rd NW
General
- Price: $229,000
- Taxes: $538 (2025)
- Status: Active
- Type: Lots/Land
- Source: NWMLS
- MLS ID: 2494351
- Updated: 6/12/2026
- Added to Site: 94 day(s) ago
Location
- Area: 4 - Key Peninsula South
- County: Pierce
- Subdivision: Lakebay
- Driving Directions: UPS Works Great!
School Information
- High School District: Peninsula
- Elementary School: Evergreen Elem
- Middle School: Key Peninsula Mid
- High School: Peninsula High
Utilities
- Water: Well Needed
- Utility Description: Electricity Available
Structural Information
- Structure Type: None
Lot Features
- Property View: Territorial
- Lot Size (Acres): 12.83
- Lot Size (Sq. Ft.): 558,874
- Lot Size Source: KCAR
- Street/Road Desc.: Access Easement, Dirt, Privately Maintained, Trail Permit
- Topography: See Remarks
- Lot Features: Secluded
- Trees/Vegetation: See Remarks
- Zoning: Agricultural, Farm & Ranch
Financial Considerations
- Tax Amount: $538.83
- Tax Year: 2025
- Terms: Cash, Conventional, Farm Home Loan, FHA, VA Loan
Disclosures and Reports
- Special Conditions: None
- Property ID: 20022004
Buyer's Brokerage Compensation: 2.5%
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 0 Cornwall Rd NW
School District:Peninsula School District
| Name | Grades | Distance |
|---|---|---|
Evergreen Elementary School, Lakebay, WA 1820 Key Peninsula Hwy KPS, Lakebay, WA 98349 | PK-5 | 1.3 mi |
Vaughn Elementary School 17521 Hall Road Northwest, Vaughn, WA 98394 | PK-5 | 6 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 | 3.4 mi |
Peninsula High School 14105 Purdy Drive, Gig Harbor, WA 98332 | 9-12 | 11.1 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 0 Cornwall Rd NW
Date
Details
Price
Change
Source
6/09/2026
Price Reduced
$229,000
-8.03%
MLS
3/18/2026
Listed
$249,000
465.91%
MLS
3/20/2000
Sold
$44,000
—
Public Record
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 0 Cornwall Rd NW
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,076
6%
$122,500
10%
2024
$1,013
4%
$111,000
—
2023
$973
15%
$111,000
34%
2022
$849
25%
$82,700
35%
2021
$680
4%
$61,300
9%
2020
$654
16%
$56,100
14%
2018
$562
—
$49,000
7%
2018
$562
14%
$46,000
13%
2017
$491
7%
$40,800
13%
2016
$459
—
$36,000
-3%
2014
$458
—
$37,200
8%
2014
$458
—
$34,500
—
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 0 Cornwall Rd NW
0 Cornwall Road NW, Lakebay, WA 98349 (MLS# 2494351) is a Lots/Land property with a lot size of 12.83 acres. 0 Cornwall Road NW is currently listed for $229,000 and was received on March 18, 2026. This property is listed by Nancy Wallace from our Bellevue Office.Want to learn more about 0 Cornwall Road NW? Do you have questions about finding other Lots/Land real estate for sale in Lakebay? You can browse all Lakebay real estate or contact a Coldwell Banker agent to request more information.

