David Devine

1916 Key Peninsula Highway Nw

Lakebay, WA
$ 375,000 Beds 2 Baths 2 Sq 1,248
Monthly Estimate* How much can I afford?

Affordable One Level Home on Acreage! Situated just 30 minutes from the creature comforts of Gig Harbor on the beautiful Key Peninsula, this nearly 4-acre spread near the tiny town of Home is full of potential. Bring your vision goggles and make it yours. The heavy lifting has already been done: you’ve got a brand-new septic system, an upgraded well, a metal roof, and a heat pump to keep things cozy. Whether you choose to remodel the existing home or utilize the previous 2-bedroom build approval to create something new, you’ll be surrounded by a year-round stream, a private pond, and fruit trees. For the "Bring Your Vision" enthusiast, the remnants of the original homestead and poultry shed are waiting for a creative revival. This property works as hard as you do with 2 driveways and five outbuildings—including a 480sf detached garage, and full RV hookups for your "consultants" (or adventurous guests). A laurel hedge is growing to provide privacy from the road. Whether you’re looking to flip, expand, or establish a multi-generational estate, the infrastructure is in place and the potential is limitless. Bring your plans—Home is calling! FINANCING AVAILABLE, INQUIRE WITH A REAL ESTATE PROFESSIONAL TO SEE REMARKS.

Active

  • Price
  • $ 375,000
  • City
  • Lakebay
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • County
  • PIERCE
  • Half Bathrooms
  • 0
  • Area
  • Key Peninsula South
  • Lot Size
  • 3.86 Acres
  • Zip
  • 98349
  • Sqr Footage
  • 1,248
  • Year Built
  • 1976
  • Taxes
  • $ 3160
  • Style
  • Manuf-Double Wide
  • MLS#
  • 2520753
Listed By: Martin Real Estate Group and NWMLS
Data Source: Northwest Multiple Listing Service (NWMLS)

Features

General

Living Area 1248
Sewer Septic Tank
Heating Heat Pump
Cooling Heat Pump
Possession Closing
Roof Metal
Year Built 1976
View Territorial
Topography Level,Steep Slope
Levels One
Property Subtype Manufactured On Land
Tax Year 2026
County Pierce
New Construction No
Property Type Residential
HOA No
Attached Garage No
Subdivision Name Home
Garage Y/N Yes
Full Baths 1
Special Listing Conditions None
Status Active
Directions Head south on Key Peninsula Hwy NW,property will be on the right.
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 168142
Carport Y/N No
Listing Terms Cash,Conventional,See Remarks,VA Loan
Elementary School Evergreen Elem
Land Lease Y/N No
Tax Annual Amount 3160
Body Type Double Wide
Middle/Junior High School Key Peninsula Mid
Public Remarks Affordable One Level Home on Acreage! Situated just 30 minutes from the creature comforts of Gig Harbor on the beautiful Key Peninsula,this nearly 4-acre spread near the tiny town of Home is full of
Structure Type Manufactured House
Building Area Units Square Feet
Standard Status Active
Water Company Individual Well
Property Style 21 - Manuf-Double Wide
NWM_ShowMapLink Yes

Interior Features

Interior Amenities Bath Off Primary,Dbl Pane/Storm Window,Dining Room,Fireplace,Wired for Generator
Basement None
Flooring Laminate,Vinyl,Carpet
Total Fireplaces 1
Fireplace Features Gas
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
3/4 Baths 1
Total Bedrooms 2
Main Level Bedrooms 2
Total Baths 2
Bedrooms Possible 2
Fireplaces Main 1
Power Production Type Electric,Propane,Wood
Baths Three Quarter Main 1
Baths Full Main 1
Bathrooms 1.75

Exterior Features

Exterior Amenities Metal/Vinyl
Vegetation Brush,Fruit Trees,Garden Space,Wooded
Parking Features Driveway,Detached Garage,RV Parking
Lot Features Open Space,Paved,Value In Land
Water Source Individual Well
Total Parking 2
Building Area Total 1248
Lot Size Acres 3.86
Waterfront Y/N No
Covered Spaces 2
Irrigation Water Rights Y/N No
Site Features Deck,High Speed Internet,Outbuildings,RV Parking

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

5/10/2026 Listed $375,000

Property vs Zip Code Average in 98349

Price
AVG $550K
$380K
Taxes
AVG $3,810
$3,160
Year Built
AVG 1992
1976
Visits
AVG 300
547
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

1916 Key Peninsula Highway Nw Lakebay, WA is a Single Family Home for sale at $375000 with 1248 sqft and a lot size of 3.86 Acres Acre(s). 1916 Key Peninsula Highway Nw Lakebay has 2 bedrooms, 2 baths and was built in 1976. 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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