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.
Frequently Asked Questions
Is Lakebay a good place to live?
Lakebay is a good place to live. Lakebay is considered very car-dependent and bikeable. Lakebay is a neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. 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.
Is Lakebay, WA a safe neighborhood?
Lakebay, WA is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Lakebay?
The median home price in Lakebay is $617,750. If you put a 20% down payment of $123,600 and had a 30-year fixed mortgage with an interest rate of 6.51%, 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. Learn how much home you can afford with our
Home Affordability Calculator. 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?
What are the most popular neighborhoods near Lakebay, Longbranch, WA?
Are home prices dropping in Lakebay?
Yes, home prices in Lakebay are down 15% in the last 12 months.
Home Trends in Lakebay, WA
On average, homes in Lakebay, Longbranch sell after 68 days on the market compared to the national average of 58 days. The median sale price for homes in Lakebay, Longbranch over the last 12 months is $565,000, down 14% from the median home sale price over the previous 12 months.
Median Sale Price
$565,000
Median Single Family Sale Price
$565,000
Average Price Per Sq Ft
$452
Number of Homes for Sale
2
Last 12 months Home Sales
5
Median List Price
$617,750
Median Change From 1st List Price
13%
Median Home Sale Price YoY Change
-14%