Listed by Carrie Gatlin, eXp Realty
- Land
- Type
- 74,625 sq ft
- Lot
- 90
- Days on market
About this property
Rare opportunity to own a build-ready high-bank waterfront parcel in the desirable Lakebay area with tideland rights, completed due diligence, and significant pre-development work already underway. This property offers sweeping water views and an exceptional opportunity for a custom home, vacation retreat, or long-term investment hold. Extensive groundwork has already been completed, including survey work, wetland review/certification, geotechnical evaluation, stormwater-related work, civil engineering coordination, and utility/planning documentation. Community well agreement information, easements, and supporting development-related materials available for buyer review. The property combines privacy, natural beauty, and future vision potential while substantially reducing the uncertainty and upfront investigative work often associated with waterfront and rural development parcels. Excellent opportunity for buyers seeking a premier homesite with meaningful legwork already completed. Buyer to verify all information to their own satisfaction regarding intended use, building plans, utilities, shoreline regulations, and development feasibility.
Location & commute
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Jeff's Neighborhood Guide
Get to know the Key Peninsula South area
Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.
Property details
Listing details
- Listing number
- #2565728
- Listed
- August 6, 2026
- Days on market
- 90
- Original list price
- $425,000
Views
- View
- IslandsPartialSeaSound
Construction
- Style
- 41 - Res-Over 1 Acre
- Structure
- None
Lot
- Lot features
- Dead End Street
- Lot size
- 74,625 sq ft
- Waterfront
- Yes
Terms
- Terms offered
- CashConventionalVA Loan
Utilities
- Utilities
- Electricity Available
- Water
- See RemarksShare Available
- 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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- Islands view
- Partial view
- Sea view
- Sound view
Listing history
Listed
$425,000
August 6, 2026
Current price
$399,000
Derived from current MLS listing fields.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$2,324
- Principal & interest
- $2,018
- Property tax (est.)
- $306
Assumes $79,800 down (20%), a $319,200 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 November 5, 2026 at 11:00 AM PST. 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.