Lakebay Homes for Sale

/20
$249,000
- Land
- 15 Acres
- $16,600 per Acre
5 Cornwall Rd SW, Lakebay, WA 98349

Very private 15 acres with Olympic Mountain, Bay, Sound, Territorial views from various locations. Access from Cornwall. Multiple building sites to select. Close to the old Lakebay Marina and Penrose State Park.

Neil Swanson Fathom Realty WA LLC

5 Cornwall Rd SW, Lakebay, WA 98349
Explore Lakebay
/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
/40
$1,100,000
- 3 Beds
- 2 Baths
- 1,826 Sq Ft
16617 Delano Rd SW, Lakebay, WA 98349

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 lets you watch the

Brad Bennett Windermere Prof Partners

16617 Delano Rd SW, Lakebay, WA 98349
/21
$350,000
- 1 Bed
- 1 Bath
- 580 Sq Ft
1116 Bayshore Ct NW, Lakebay, WA 98349

To be, perfect getaway cabin in sleepy Lakebay. Expansive water views and incredible sunsets from the deck of this sturdy little 1950's built cabin. Perched on a gentle hillside on a .43 acre parcel. One story with an unfinished basement, totaling 1,160 sq feet under the roof. Full basement with updated service panel and a new oil furnace. Bring that toolbox and transform it into a perfect

Patrick Mercado PropertiesNW of Gig Harbor Ltd

1116 Bayshore Ct NW, 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

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 $306,175. If you put a 20% down payment of $61,200 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,580 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $68K 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:

Peninsula High School has a B+ Niche grade, a student teacher ratio of 21:1 and an average review score of 3.8.
Evergreen Elementary School has a B Niche grade and a student teacher ratio of 16:1.
Key Peninsula Middle School has a B Niche grade and a student teacher ratio of 18:1.

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 8% in the last 12 months.

Home Trends in Lakebay, WA

On average, homes in Lakebay, Longbranch sell after 326 days on the market compared to the national average of 70 days. The median sale price for homes in Lakebay, Longbranch over the last 12 months is $270,000, down 8% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$270,000

Median Single Family Sale Price

$292,450

Average Price Per Sq Ft

$110

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

6.00

Median List Price

$306,175

Median Change From 1st List Price

Median Home Sale Price YoY Change

-8%

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Based on information submitted to the MLS GRID