Listed by Nancy Wallace, Coldwell Banker Bain
- Land
- Type
- 558,874 sq ft
- Lot
- 117
- Days on market
About this property
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.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2494351
- Listed
- March 18, 2026
- Days on market
- 117
- Original list price
- $249,000
Views
- View
- Territorial
Construction
- Style
- 44 - Recreational
- Structure
- None
Lot
- Lot features
- Secluded
- Lot size
- 558,874 sq ft
Terms
- Terms offered
- CashConventionalFarm Home LoanFHAVA Loan
Utilities
- Utilities
- Electricity Available
- Water
- Well Needed
- Sewer
- Not Available
Schools
- District
- Peninsula
- Elementary
- Evergreen Elem
- Middle
- Key Peninsula Mid
- High
- Peninsula High
What stands out to you?
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- Territorial
- None
- Secluded
- Cash
- Conventional
- Farm Home Loan
- FHA
- VA Loan
- Electricity Available
- Well Needed
- Not Available
Listing history
Listed
$249,000
March 18, 2026
Current price
$229,000
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$1,334
- Principal & interest
- $1,158
- Property tax (est.)
- $176
Assumes $45,800 down (20%), a $183,200 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of July 13, 2026 at 10:45 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.