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JRJeff ReynoldsCompass · Seattle

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

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Directions

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

  1. Listed

    $249,000

    March 18, 2026

  2. 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.

Similar nearby listings

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.