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Lakebay Homes for Sale

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  • 2219 Key Peninsula Hwy SW, Lakebay, WA 98349
    2219 Key Peninsula Hwy SW, Lakebay, WA 98349
    2219 Key Peninsula Hwy SW, Lakebay, WA 98349
    /40

    $1,180,000

    • 4 Beds
    • 3 Baths
    • 3,012 Sq Ft

    2219 Key Peninsula Hwy SW, Lakebay, WA 98349

    Turn-key 4BR/3BA custom home with a 3 bdrm ADU Rambler on a fully equipped hobby farm! Enjoy 3,000 sq ft of updated living space w/AC, jetted tub, office, digital climate controls & ceiling fans in all BRs. Outdoors: 7.35 Acres, 3 fenced pastures, horse round pen, ATV trails, chicken coop, duck enclosure w/plumbed pool, 200 sq ft shed, RV hookup, EV-ready garage & generator plug-in. Relax w/water

    Agent Photo

    Dan Olague

    John L. Scott, Inc.

    (253) 652-5414

    2219 Key Peninsula Hwy SW, Lakebay, WA 98349
  • 821 153rd Ave SW, Lakebay, WA 98349
    821 153rd Ave SW, Lakebay, WA 98349
    821 153rd Ave SW, Lakebay, WA 98349
    /25

    $399,950

    • 2 Beds
    • 1.5 Baths
    • 1,320 Sq Ft

    821 153rd Ave SW, Lakebay, WA 98349

    Don't miss this unique opportunity in the heart of Lakebay w/ coveted views of Delano Bay, Mt Rainier, & Puget Sound's Carr Inlet. Built sturdy in 1983, this 2 bed, 1.5 bath, 1320 finished sq/ft, Rambler w/basement is set on sprawling 1.6+ acres & ready to shine again. Unfinished 1280 basement has tons on possibilities. Detached Barn/Shop could be restored & utilized for hobbies or live-stock.

    Agent Photo

    Neil Bender

    PropertiesNW of Gig Harbor Ltd

    (253) 525-1357

    821 153rd Ave SW, Lakebay, WA 98349
  • 14802 Delano Rd SW, Longbranch, WA 98349
    14802 Delano Rd SW, Longbranch, WA 98349
    14802 Delano Rd SW, Longbranch, WA 98349
    /16

    $225,000

    • Land
    • 4.85 Acres
    • $46,392 per Acre

    14802 Delano Rd SW, Longbranch, WA 98349

    Your new sanctuary awaits! This beautiful 4.8 acres sits back behind the road for added privacy. Property filled with mature trees and vegetation. Build your home and have plenty of privacy with your own stream in your backyard. Power at road. Minutes from LakeBay and Penrose Point State Park. Buyer to verify.

    Caterina Sandoval John L. Scott Mukilteo

    14802 Delano Rd SW, Longbranch, WA 98349
  • 16617 Delano Rd SW, Lakebay, WA 98349
    16617 Delano Rd SW, Lakebay, WA 98349
    16617 Delano Rd SW, Lakebay, WA 98349
    /40

    $990,000

    • 3 Beds
    • 2 Baths
    • 1,826 Sq Ft

    16617 Delano Rd SW, Lakebay, WA 98349

    MOTIVATED SELLERS! Puget Sound views are not all created equal—and this home arguably has the best. With over 300' of low-bank waterfront on 2.5 acres (across 4 parcels), you can build more or keep your private sanctuary untouched. Framed by Penrose Point State Park and the infamous Lakebay Marina, views of South Puget Sound stretch over Cutts Island and Kopachuck State Park. Your private dock

    Brad Bennett Windermere Prof Partners

    16617 Delano Rd SW, Lakebay, WA 98349
  • 919 Sanford Ave SW, Lakebay, WA 98349
    919 Sanford Ave SW, Lakebay, WA 98349
    919 Sanford Ave SW, Lakebay, WA 98349
    /10

    $95,000

    • Land
    • 0.53 Acre
    • $179,347 per Acre

    919 Sanford Ave SW, Lakebay, WA 98349

    Your own lake front escape at Bay Lake, in Lakebay. Approximately 69 feet of no-bank lakefront on a half acre lot. Use your own imagination and customize this treed property your way or enjoy it as is. The public boat launch is two lots away. Bay lake is a 130-acre lake with trout, largemouth bass, bluegill and more. Bring your boat and fishing poles and enjoy your own lakefront property. Only 30

    Rachel Dean Windermere PeninsulaProperties

    919 Sanford Ave SW, Lakebay, WA 98349
Washington Pierce County Longbranch Lakebay

Real Estate & Homes for Sale in Lakebay, Longbranch

Why Live in Lakebay
Lakebay in Longbranch offers a tranquil lifestyle with a close-knit community and picturesque views of Puget Sound. The neighborhood is characterized by narrow roadways leading to the water's edge and homes that include Cape Cods, modern farmhouses, and contemporary styles, often surrounded by towering trees. The Peninsula School District, which has high ratings, serves the area, with students attending Evergreen Elementary School, Key Peninsula Middle School, and Peninsula High School. Outdoor enthusiasts will appreciate Penrose Point State Park, which features over 2 miles of saltwater shoreline and 2.5 miles of trails for hiking, biking, and nature walks. The park also offers opportunities for swimming, boating, scuba diving, fishing, and birdwatching. While the area is peaceful, residents need to drive to nearby towns for dining and shopping, with Gig Harbor being the closest option, about 30 minutes away. The Key Peninsula Highway is the main route for these trips, as there is no mass transit system. Although major events are rare in Lakebay, local celebrations like the Fourth of July Parade and occasional bluegrass music performances add to the community spirit.
Learn more about living in Lakebay

Frequently Asked Questions

Is Lakebay a good place to live?
Lakebay is a good place to live. Lakebay is considered very car-dependent and somewhat bikeable. Lakebay has 6 parks for recreational activities. It is sparse in population with 0.3 people per acre and a median age of 56. The average household income is $121,801 which is above the national average. College graduates make up 38.8% of residents. A majority of residents in Lakebay are home owners, with 15% of residents renting and 85% of residents owning their home. A local real estate agent serving Lakebay can help you decide if this neighborhood is the right one for you. Learn more on our Lakebay neighborhood guide.
How much do you need to make to afford a house in Lakebay?
The median home price in Lakebay is $633,850. If you put a 20% down payment of $126,800 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $3,130 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $134K a year to afford the median home price in Lakebay. The average household income in Lakebay is $122K.
What are the best public schools in Lakebay?
The best public schools that serve Lakebay are:
What are the most popular zip codes in Lakebay, Longbranch, WA?
The most popular zip codes in Lakebay, Longbranch, WA include 98349, 98351, 98335, 98394 and 98333.
What are the most popular neighborhoods near Lakebay, Longbranch, WA?
The most popular neighborhoods near Lakebay, Longbranch, WA are Kopachuck Ridge/Horsehead Bay, Shore Acres, West End, Gig Harbor North and Oakbrook.
Are home prices dropping in Lakebay?
Yes, home prices in Lakebay are down 21% in the last 12 months.

Home Trends in Lakebay, WA

On average, homes in Lakebay, Longbranch sell after 71 days on the market compared to the national average of 52 days. The median sale price for homes in Lakebay, Longbranch over the last 12 months is $587,500, down 18% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$587,500
Median Single Family Sale Price
$587,500
Average Price Per Sq Ft
$419
Number of Homes for Sale
2
Last 12 months Home Sales
6
Months of Supply
4.00
Median List Price
$633,850
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
-18%
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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. 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. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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