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JRJeff ReynoldsCompass · Seattle

Listed by Hilary Cox, Hawkins Poe

Land
Type
142,006 sq ft
Lot
52
Days on market

About this property

Vacant residential acreage on the Key Peninsula, South Puget Sound. 3.28-acre cleared lot in Lakebay on a private drive. No wetlands, no HOA, no CCRs. A 5-bedroom gravity on-site sewage system (OSS) design with preliminary site plan has been approved by Tacoma-Pierce County Health Department. The design includes a 3-bedroom main home, a detached 2-bedroom accessory dwelling unit (ADU), and two RV hookup sites. Two level areas have been cleared on the property. Septic area has been cleared. OSS approval valid through November 2026. Power has been extended to the parcel and stubbed. A private well with Variable Frequency Drive system was drilled in December 2024, producing 10.5 gallons per minute. A 20ft storage container is on site. Joemma Beach State Park is approximately 1 mile from the property. Penrose State Park is approximately 4 miles away. Gig Harbor is approximately 30 minutes by car. Located in the Peninsula School District. Pierce County parcel.

Location & commute

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Directions

Property details

Listing details

Listing number
#2519417
Listed
May 22, 2026
Days on market
52

Views

View
Territorial

Construction

Style
41 - Res-Over 1 Acre
Structure
None

Lot

Lot features
Dead End StreetSecluded
Lot size
142,006 sq ft

Terms

Terms offered
CashConventional

Utilities

Utilities
Electricity ConnectedSeptic Design Applied
Water
Private Well
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
  • Dead End Street
  • Secluded
  • Cash
  • Conventional
  • Electricity Connected
  • Septic Design Applied
  • Private Well
  • Not Available

Listing history

  1. Listed

    $275,000

    May 22, 2026

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

$1,602

Principal & interest
$1,391
Property tax (est.)
$211

Assumes $55,000 down (20%), a $220,000 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 11:15 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.