David Devine

402 E Madrona Boulevard Nw

Lakebay, WA
$ 319,000 Beds 2 Baths 2 Sq 1,467
Monthly Estimate* How much can I afford?

Slow down, you’ve made it to Herron Island — a private island community where life moves to the rhythm of the water, and the ferry ride on the Charlie Wells becomes part of your daily unwind. This single-level cabin, just shy of 1,500 square feet, offers easy, comfortable living with 2 bedrooms and 2 baths. The primary suite is spacious and filled with natural light, complete with its own ensuite bath (including washer/dryer plus walk-in closet. The second bedroom is generously sized for guests, hobbies, or quiet retreat. The heart of the home is the open living area that flows into the kitchen and dining space — perfect for slow mornings with coffee or relaxed evenings after a day on the beach. A small office nook makes working remotely feel a little less like work. Upstairs, a loft storage area keeps things practical, while the enclosed porch (not included in the square footage) invites you to linger a little longer with a book or a glass of wine. Set on a level 0.61-acre lot, there’s room to dream — a future garage, workshop, garden, or simply wide-open space to enjoy the privacy and peace that island living brings. The cabin could use some updating, but it’s completely livable as-is — giving you the chance to settle in first and make it your own over time. If you’ve been craving a place where weekends stretch longer and the mainland feels a world away, this might be it. Enjoy community features such as the beaches, trails, boat launch, seasonal boat docks & more!!

Active

  • Price
  • $ 319,000
  • City
  • Lakebay
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • County
  • PIERCE
  • Half Bathrooms
  • 0
  • Area
  • Key Peninsula South
  • Lot Size
  • 0.6128 Acres
  • Zip
  • 98349
  • Sqr Footage
  • 1,467
  • Year Built
  • 1975
  • Taxes
  • $ 3681
  • Style
  • Cabin
  • MLS#
  • 2492798
Listed By: Better Properties Gig Harbor and NWMLS
Data Source: Northwest Multiple Listing Service (NWMLS)

Features

General

Living Area 1467
Sewer Septic Tank
Heating Baseboard,Wall Furnace
Cooling None
Possession Closing
Roof Composition
Appliances Dishwasher,Dryer,Refrigerator,Stove(s)/Range(s),Washer
HOA Fee 1880
Association Fee Includes Common Area Maintenance,Road Maintenance
Architectural Style Cabin
Security Features Partially Fenced
Year Built 1975
View Partial,See Remarks,Territorial
Topography Level
Levels One
Property Subtype Single Family Residence
Tax Year 2026
Community Features Athletic Court,Boat Launch,Park,Playground,Trail(s)
Building Name Herron Island Div # 5
Assoc Fee Paid Per Semi-Annually
County Pierce
New Construction No
Property Type Residential
HOA Yes
Attached Garage No
Subdivision Name Herron Island
Facing Direction East
Full Baths 1
Special Listing Conditions None
Status Active
Directions Hwy 16,Purdy exit. Key Peninsula Hwy to the town of Home,turn R (immediately after USPS) on Herron Road follow 3 miles to the ferry. Off island,up hill,stay L,take 2nd left then first L.
High School Peninsula High
City Lakebay
Entry Location Main
Senior Community Y/N No
High School District Peninsula
MLS Area 4 - Key Peninsula South
Lot Size Units Square Feet
Lot Size Square Feet 26693
Carport Y/N No
Listing Terms Cash,Conventional,FHA,VA Loan
Elementary School Evergreen Elem
Land Lease Y/N No
Tax Annual Amount 3681.46
Middle/Junior High School Key Peninsula Mid
Property Condition Average
Public Remarks Slow down,youve made it to Herron Island a private island community where life moves to the rhythm of the water,and the ferry ride on the Charlie Wells becomes part of your daily unwind. This singl
Structure Type House
Building Area Units Square Feet
Standard Status Active
Water Company Herron Island Water
Property Style 10 - 1 Story
NWM_ShowMapLink Yes

Interior Features

Interior Amenities Bath Off Primary,Dbl Pane/Storm Window,Loft,Walk-In Closet(s),Water Heater
Basement None
Flooring Vinyl,Carpet
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
3/4 Baths 1
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 2
Water Heater Type Electric
Water Heater Location Kitchen cupboard
Power Production Type Electric
Baths Three Quarter Main 1
Baths Full Main 1
Bathrooms 1.75

Exterior Features

Exterior Amenities Wood,Wood Products
Vegetation Fruit Trees,Garden Space
Parking Features Driveway,Off Street,RV Parking
Water Source Community
Total Parking 2
Inclusions Dishwasher(s),Dryer(s),Leased Equipment,Refrigerator(s),Stove(s)/Range(s),Washer(s)
Building Area Total 1467
Lot Dimensions 195x148x116x154
Lot Size Acres 0.6128
Waterfront Y/N No
Irrigation Water Rights Y/N No
Site Features Deck,Fenced-Partially,Outbuildings,Propane,RV Parking
Parking Uncovered Total 2
Lot Number 34 & 35

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Vancouver, WA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

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

Price History

3/15/2026 Listed $379,000
5/1/2026 8% - $349,000
7/4/2026 9% - $319,000

Property vs Zip Code Average in 98349

Price
AVG $550K
$320K
Taxes
AVG $3,810
$3,681
Year Built
AVG 1992
1975
Visits
AVG 300
653
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

402 E Madrona Boulevard Nw Lakebay, WA is a Single Family Home for sale at $319000 with 1467 sqft and a lot size of 0.6128 Acres Acre(s). 402 E Madrona Boulevard Nw Lakebay has 2 bedrooms, 2 baths and was built in 1975. The property's zip code is 98349 which is in Lakebay, WA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

David Devine

David Devine

Real Estate Broker

503-381-3858

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