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    7500 Roosevelt Way NE
    Seattle, Washington 98115
    (206) 523-0300
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Northwest Multiple Listing Service

The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.

Based on information submitted to the MLS GRID as of 2026-08-23 21:10:41. 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.


IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID.

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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Puget Sound Waterfront on Key Peninsula

About Lakebay, WA

Welcome to Lakebay, a rural waterfront community on Pierce County's Key Peninsula, where forested homesteads and coves meet the southern end of Puget Sound.

Lakebay is a small waterfront community on the Key Peninsula in Pierce County, Washington, about 20 miles west of Tacoma and across the Tacoma Narrows from the Gig Harbor area. It sits along Mayo Cove and the broader shoreline of Carr Inlet at the southern end of Puget Sound, where forested hillsides meet tidal coves and marine waters. The name reflects the community's early association with a landing along the water, and Lakebay has long been tied to maritime activity, small-scale farming, and logging. Lakebay is one of several unincorporated hamlets strung along the Key Peninsula — alongside Key Center, Vaughn, Home, and Longbranch — a rural peninsula of roughly 20,000 people defined by forests, inlets, and quiet two-lane roads. The surrounding landscape alternates between dense second-growth woodland, small pasture, and waterfront, and the shoreline is broken into numerous sheltered coves used for moorage, shellfishing, and recreation. The community's defining natural asset is its saltwater setting. Penrose Point State Park, on Mayo Cove, preserves a 165-acre forested peninsula with nearly two miles of saltwater frontage, providing camping, trails, and beach access. Farther along the inlet, Joemma Beach State Park offers additional shoreline on the sound. The maritime character runs through daily life, with boat ramps, private docks, and shellfishing as common parts of the local routine. Lakebay remains a quiet, primarily residential place. It draws people seeking waterfront or wooded acreage, a slower pace, and easy access to Puget Sound, while still being within commuting distance of Tacoma, Bremerton, and the larger Puget Sound region. Services are limited, and residents typically travel to Gig Harbor or Purdy for shopping and amenities.

Population 6,330
County Pierce
Active Listings 106

Frequently Asked Questions

Where is Lakebay located?

Lakebay is a community on the Key Peninsula in Pierce County, Washington, along Mayo Cove and Carr Inlet at the southern end of Puget Sound. It lies west of Tacoma, across the Tacoma Narrows from the Gig Harbor area.

What is the population of Lakebay?

Lakebay's ZIP code area, 98349, is home to roughly 6,300 people. It is one of several rural hamlets on the Key Peninsula, which has a combined population of about 20,000 spread across forests, farms, and shoreline.

What school district serves Lakebay?

Lakebay is served by the Peninsula School District. Evergreen Elementary School and Key Peninsula Middle School are located in the community, while high school students attend Peninsula High School in the Purdy area near Gig Harbor.

What state parks are near Lakebay?

Penrose Point State Park is a 165-acre marine park in Lakebay with nearly two miles of saltwater frontage on Mayo Cove, and Joemma Beach State Park sits to the south on the Key Peninsula. Both offer beach access, trails, and boat facilities.

How do you reach Lakebay from Tacoma?

Lakebay is reached by crossing the Tacoma Narrows Bridge onto State Route 16, then following the Key Peninsula Highway, State Route 302, south through Purdy toward the sound. Access is by road, as the Key Peninsula has no ferry terminal of its own.

City Guide

About Lakebay

Real Estate & Housing

Real estate around Lakebay spans waterfront homes along the coves and Carr Inlet, forested acreage, and older homesteads and cabins set back from the water. Property types are varied, from modest single-family homes and manufactured homes to larger parcels with marine views or private beach access. The area remains more rural and affordable than the waterfront communities across the Narrows in Gig Harbor, drawing buyers looking for space, privacy, and water proximity. Many properties feature large wooded lots, and shoreline parcels often include tideland access for beachcombing and shellfishing.

Neighborhoods

Lakebay is part of a loose network of unincorporated communities on the Key Peninsula. Key Center, just to the north, functions as the peninsula's commercial crossroads with a grocery, library, and community facilities. Vaughn and Home lie along the inlet to the northeast, while Longbranch occupies the peninsula's southern tip near Joemma Beach. Each hamlet has its own small character, but they share the same rural waterfront landscape and depend on the same corridor of the Key Peninsula Highway for access.

Lifestyle in Lakebay

Life in Lakebay is quiet, rural, and oriented toward the water. Boating, kayaking, and shellfishing for clams and oysters are everyday pastimes, and the many coves provide sheltered water for small craft. The community has a neighborly, small-town character, with a post office, local market, and community events that anchor social life. There is little commercial development, so residents embrace a self-sufficient rhythm and travel off the peninsula for major shopping and services. It suits people who want a working waterfront and wooded setting rather than suburban density.

Schools & Education

Lakebay is served by the Peninsula School District, which also covers Gig Harbor and the surrounding Key Peninsula. Evergreen Elementary School and Key Peninsula Middle School are both located in Lakebay, keeping younger students close to home, while high school students attend Peninsula High School in the Purdy area. The district is known for its community schools and serves a mix of rural, waterfront, and suburban communities across the peninsula. Families can also access private and alternative programs in the Gig Harbor area.

Getting Around

Lakebay is reached via the Key Peninsula Highway, State Route 302, which runs the length of the peninsula from the Purdy and Gig Harbor area. State Route 16 and the Tacoma Narrows Bridge connect the peninsula to Tacoma and the broader Puget Sound region. Commuting is car-dependent, with the nearest freeway access and regional services in Gig Harbor and Tacoma; Bremerton and the Kitsap Peninsula lie to the northwest.

Parks & Recreation

Outdoor recreation around Lakebay revolves around Puget Sound. Penrose Point State Park offers a forested campground, trails, a boat ramp, and nearly two miles of beach on Mayo Cove, while Joemma Beach State Park to the south provides additional shoreline access for boating, crabbing, and fishing. Shellfishing for clams and oysters is a popular seasonal activity along the inlet. Kayaking and small-boat cruising allow exploration of Carr Inlet's many coves, and the forested roads and trails of the Key Peninsula invite walking and cycling in a quiet, natural setting.

MARKET SNAPSHOT

The Market at a Glance

How homes have been selling here over the last 90 days.

home_work New This Week 5
Went Under Contract 0
trending_down Price Reductions 0
payments Median Sale Price $582,500 +14.2%
square_foot Price per Sq Ft $366
schedule Avg Days on Market 55
sell Homes Sold 26
percent Sale-to-List Ratio 100.0%
inventory_2 Months of Inventory 5.3

Price & Sales History

Market data reflects closed sales over the last 90 days and is provided for informational purposes.

Zip Codes

BROWSE BY ZIP

Browse listings by postal code in this area.

941161 home for saleMedian sale$1.6MPer sq ft$1,33310 sales in the last 90 days
950301 home for saleMedian sale$3.7MPer sq ft$1,55122 sales in the last 90 days
950451 home for saleMedian sale$1.1MPer sq ft$5464 sales in the last 90 days
978011 home for saleMedian sale$210KPer sq ft$2501 sale in the last 90 days
9786232 homes for saleMedian sale$325KPer sq ft$2348 sales in the last 90 days
978863 homes for saleMedian sale$214.5KPer sq ft$1314 sales in the last 90 days
98001142 homes for saleMedian sale$650KPer sq ft$34369 sales in the last 90 days
98002144 homes for saleMedian sale$460KPer sq ft$34152 sales in the last 90 days
98003193 homes for saleMedian sale$589KPer sq ft$32076 sales in the last 90 days
98004321 homes for saleMedian sale$1.9MPer sq ft$92487 sales in the last 90 days
98005112 homes for saleMedian sale$1.6MPer sq ft$65654 sales in the last 90 days
98006204 homes for saleMedian sale$1.6MPer sq ft$63994 sales in the last 90 days
View All Zip Codes
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15615 53rd Street NW For Sale
$520,000
15615 53rd Street NWLakebay, WA 98349
  • 2 bd
  • 2 ba
  • 1662 sqft
  • Built 1980
  • NWM2571025
List4FlatFee.com, LLC
406 E Madrona Drive For Sale
$309,000
406 E Madrona DriveLakebay, WA 98349
  • 1 bd
  • 1 ba
  • 864 sqft
  • Built 1982
  • NWM2572099
Morrison House Sotheby's Intl
19716 20th Street SW For Sale
$539,900
19716 20th Street SWLakebay, WA 98349
  • 3 bd
  • 1.75 ba
  • 1437 sqft
  • Built 2018
  • NWM2572328
eXp Realty
1310 E Herron Boulevard NW For Sale
$495,000
1310 E Herron Boulevard NWLakebay, WA 98349
  • 3 bd
  • 1.75 ba
  • 1220 sqft
  • Built 1900
  • NWM2569775
Better Properties Gig Harbor
2616 196th Avenue SW For Sale
$429,999
2616 196th Avenue SWLakebay, WA 98349
  • 3 bd
  • 2 ba
  • 1204 sqft
  • Built 2006
  • NWM2569353
John L. Scott, Inc.
2220 202nd Avenue SW For Sale
$650,000
2220 202nd Avenue SWLakebay, WA 98349
  • 3 bd
  • 2 ba
  • 1498 sqft
  • Built 2025
  • NWM2568857
Keller Williams West Sound
1706 194th Avenue SW For Sale
$400,000
1706 194th Avenue SWLakebay, WA 98349
  • 3 bd
  • 1.75 ba
  • 1064 sqft
  • Built 2003
  • NWM2558370
Keller Williams West Sound
0 XX Herron Road NW For Sale
$1,050,000
0 XX Herron Road NWLakebay, WA 98349
  • 4 bd
  • 2.75 ba
  • 2922 sqft
  • Built 2026
  • NWM2561943
John L. Scott, Inc.
19002 20th Street NW For Sale
$730,000
19002 20th Street NWLakebay, WA 98349
  • 3 bd
  • 3.25 ba
  • 2915 sqft
  • Built 1995
  • NWM2562331
ALLEN Realtors
3417 188th Avenue NW For Sale
$699,000
3417 188th Avenue NWLakebay, WA 98349
  • 4 bd
  • 2.5 ba
  • 2100 sqft
  • Built 2020
  • NWM2556923
Coldwell Banker Danforth
1907 194th Avenue SW For Sale
$525,000
1907 194th Avenue SWLakebay, WA 98349
  • 2 bd
  • 1.75 ba
  • 864 sqft
  • Built 1978
  • NWM2560183
Coldwell Banker Bain
1718 193rd Avenue Ct SW For Sale
$465,000
1718 193rd Avenue Ct SWLakebay, WA 98349
  • 4 bd
  • 2.5 ba
  • 1640 sqft
  • Built 2006
  • NWM2559055
Windermere RE West Sound Inc.
16409 Hoff Road NW For Sale
$1,398,000
16409 Hoff Road NWLakebay, WA 98349
  • 3 bd
  • 1.75 ba
  • 2238 sqft
  • Built 1914
  • NWM2559099
Windermere Real Estate/HLC
310 Fir Lane NW For Sale
$321,500
310 Fir Lane NWLakebay, WA 98349
  • 2 bd
  • 1.75 ba
  • 1276 sqft
  • Built 1981
  • NWM2556878
Better Properties Gig Harbor
2114 191st Avenue SW For Sale
$449,000
2114 191st Avenue SWLakebay, WA 98349
  • 3 bd
  • 2.5 ba
  • 1582 sqft
  • Built 2019
  • NWM2551486
eXp Realty
2727 Jackson Lake Road KPN NW For Sale
$899,950
2727 Jackson Lake Road KPN NWLakebay, WA 98349
  • 7 bd
  • 3 ba
  • 3891 sqft
  • Built 2009
  • 2555609
Pellego, Inc.
19112 19th SW For Sale
$444,000
19112 19th SWLakebay, WA 98349
  • 2 bd
  • 1 ba
  • 1236 sqft
  • Built 1976
  • 2551316
Kelly Right RE of Seattle LLC
917 Tiedman Road NW For Sale
$1,025,000
917 Tiedman Road NWLakebay, WA 98349
  • 4 bd
  • 2.5 ba
  • 3174 sqft
  • Built 2024
  • 2547247
John L. Scott, Inc.
1207 E Madrona Boulevard NW For Sale
$329,000
1207 E Madrona Boulevard NWLakebay, WA 98349
  • 3 bd
  • 2.25 ba
  • 1370 sqft
  • Built 1966
  • 2547464
Morrison House Sotheby's Intl
603 151st Avenue Ct SW For Sale
$915,000
603 151st Avenue Ct SWLakebay, WA 98349
  • 3 bd
  • 2.5 ba
  • 2800 sqft
  • Built 1974
  • 2549176
John L. Scott, Inc.
3014 175th Avenue NW For Sale
$695,000
3014 175th Avenue NWLakebay, WA 98349
  • 4 bd
  • 2.5 ba
  • 2776 sqft
  • Built 2008
  • 2546154
COMPASS
20515 21st Street NW For Sale
$995,000
20515 21st Street NWLakebay, WA 98349
  • 2 bd
  • 3 ba
  • 2058 sqft
  • Built 1997
  • 2542607
Windermere Prof Partners
2608 142nd Avenue SW For Sale
$549,950
2608 142nd Avenue SWLakebay, WA 98349
  • 3 bd
  • 3 ba
  • 1364 sqft
  • Built 2010
  • 2536375
Kelly Right RE of Seattle LLC
819 E Madrona Boulevard NW For Sale
$230,400
819 E Madrona Boulevard NWLakebay, WA 98349
  • 2 bd
  • 1 ba
  • 801 sqft
  • Built 1966
  • 2533508
Amo Realty
19111 19th st sw For Sale
$294,950
19111 19th st swLakebay, WA 98349
  • 2 bd
  • 1.5 ba
  • 672 sqft
  • Built 1976
  • 2528982
Better Properties N. Proctor
22504 Maple Drive NW For Sale
$349,900
22504 Maple Drive NWLakebay, WA 98349
  • 3 bd
  • 1.75 ba
  • 1056 sqft
  • Built 1968
  • 2519168
Better Properties Gig Harbor
108 Herron Lane NW For Sale
$499,900
108 Herron Lane NWLakebay, WA 98349
  • 2 bd
  • 1 ba
  • 1120 sqft
  • Built 1974
  • 2516613
Better Properties Gig Harbor
19617 21st Street Ct SW For Sale
$480,000
19617 21st Street Ct SWLakebay, WA 98349
  • 3 bd
  • 2.5 ba
  • 1346 sqft
  • Built 2008
  • 2514462
Keller Williams South Sound
1704 197th Avenue SW For Sale
$485,000
1704 197th Avenue SWLakebay, WA 98349
  • 3 bd
  • 2 ba
  • 1880 sqft
  • Built 2008
  • 2515256
Crafted Real Estate
909 Lorenz Road NW For Sale
$925,000
909 Lorenz Road NWLakebay, WA 98349
  • 2 bd
  • 1.75 ba
  • 2110 sqft
  • Built 1984
  • 2472396
Windermere Prof Partners
402 E Madrona Boulevard NW For Sale
$319,000
402 E Madrona Boulevard NWLakebay, WA 98349
  • 2 bd
  • 1.75 ba
  • 1467 sqft
  • Built 1975
  • 2492798
Better Properties Gig Harbor
711 E Herron Boulevard NW For Sale
$389,900
711 E Herron Boulevard NWLakebay, WA 98349
  • 2 bd
  • 1 ba
  • 894 sqft
  • Built 1960
  • 2489445
Better Properties Gig Harbor
826 E Herron Blvd NW For Sale
$180,000
826 E Herron Blvd NWLakebay, WA 98349
  • 326 sqft
  • Built 2019
  • 2487098
Keller Williams Realty PS
16602 - 16608 Delano Road For Sale
$374,950
16602 - 16608 Delano RoadLakebay, WA 98349
  • 2 bd
  • 2 ba
  • 1032 sqft
  • Built 1920
  • 2461648
KW North Sound
22115 Maple Drive NW For Sale
$284,900
22115 Maple Drive NWLakebay, WA 98349
  • 3 bd
  • 2 ba
  • 1177 sqft
  • Built 1973
  • 2461035
Washington Realty Group
22415 S Herron Boulevard NW For Sale
$489,000
22415 S Herron Boulevard NWLakebay, WA 98349
  • 3 bd
  • 3 ba
  • 2860 sqft
  • Built 2004
  • NWM2466227
Real Broker LLC
16705 92nd Street NW For Sale
$959,000
16705 92nd Street NWLakebay, WA 98349
  • 4 bd
  • 2.5 ba
  • 4608 sqft
  • Built 1996
  • 2433660
Priority One Realty Inc.
37

Nearby Cities

All Cities
  • Longbranch4.4 mi38 Listings
  • Vaughn4.2 mi12 Listings
  • Anderson Island7.9 mi114 Listings
  • Grapeview7.4 mi32 Listings
  • Fox Island7.7 mi46 Listings
  • Gig Harbor9.6 mi451 Listings
  • Allyn9 mi83 Listings
  • Shelton12 mi396 Listings
  • Belfair12 mi135 Listings
  • Steilacoom11 mi42 Listings
  • University Place12 mi110 Listings
  • Lakewood14 mi241 Listings

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