10

Lakebay Homes for Sale

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  • /40

    $875,000

    $75K PRICE DROP
    • 3 Beds
    • 3 Baths
    • 2,800 Sq Ft

    603 151st Avenue Ct SW, Lakebay, WA 98349

    Imagine mornings looking at Mt. Rainier & evenings gathered around the fire at your own private beach. Rare Lakebay property offers 120' of waterfront & sweeping views across Delano Bay, Carr Inlet & Puget Sound. Follow steps to water where a 8x16 dock, waterfront patio & firepit area create an unforgettable setting for boating, kayaking, entertaining & peaceful NW living.4 lots totaling 1.03

    Agent Photo

    Sophia Yazaryan-Cosola

    John L. Scott, Inc.

    603 151st Avenue Ct SW, Lakebay, WA 98349
  • /40

    $1,398,000

    $100K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,770 Sq Ft

    16409 Hoff Rd NW, Lakebay, WA 98349

    Welcome to your ultimate Pacific Northwest sanctuary. Nestled on 2.5 ultra-private acres, this exceptional estate offers a rare park-like setting where the grounds meet the tranquil shores of the Key Peninsula. From the moment you arrive, you are enveloped in true serenity. This pre-inspected home is thoughtfully designed to showcase breathtaking, water views from almost every room, seamlessly

    Kristina Branson Windermere Real Estate/HLC

    16409 Hoff Rd NW, Lakebay, WA 98349
  • /11

    $150,000

    • Land
    • 4.8 Acres
    • $31,250 per Acre

    2 Lot 156th Ave SW, Lakebay, WA 98349

    Opportunity is knocking on this shy 5-acre parcel off Delano Road. Previously logged in 2020, the property has been subject to a 6-year building permit moratorium that is now nearing its end, creating a timely opportunity for buyers ready to plan ahead. Driveway freshly paved! The land offers privacy, seclusion, and usable space for future development, with a private gravel easement providing

    Carla Crawford Paramount Real Estate Group

    2 Lot 156th Ave SW, Lakebay, WA 98349
  • /16

    $175,000

    • Land
    • 4.85 Acres
    • $36,082 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

    $925,000

    $45K PRICE DROP
    • 2 Beds
    • 2 Baths
    • 2,110 Sq Ft

    909 Lorenz Rd NW, Lakebay, WA 98349

    An incredible opportunity to own two truly special waterfront properties. Step back in time with vintage charm—the décor may echo the 80s and 90s, but the views and beach are timeless. First time on the market, this property features two homes perched above Mayo Cove, overlooking Carr Inlet, views of Mt. Rainier and approximately 180 feet of waterfront. Walk down the gently sloped path to skip

    Monica Scoutten Windermere Prof Partners

    909 Lorenz Rd NW, Lakebay, WA 98349
  • /11

    $300,000

    • Land
    • 9.79 Acres
    • $30,644 per Acre

    24 156th Ave SW, Lakebay, WA 98349

    Rare opportunity to purchase two neighboring shy 5-acre parcels together for a combined total of nearly 10 acres. Lots 2 and 4 are part of the same short plat and offer privacy, seclusion, and long-term development potential off Delano Road. Previously logged in 2020, the parcels have been subject to a 6-year building permit moratorium that is now nearing its end, creating a timely opportunity

    Justin Weis Paramount Real Estate Group

    24 156th Ave SW, Lakebay, WA 98349
  • /20

    $150,000

    $75K PRICE DROP
    • Land
    • 4.85 Acres
    • $30,928 per Acre

    1629 148th Ave SW, Longbranch, WA 98349

    "SERENITY AWAITS YOU' This practically level 4+ Acre lot provides many opportunities of exclusiveness. Partially cleared. Private Well and Power is on site. Close to Penrose State Park. Septic plan has been approved for 4 bedrooms. The 20 feet long X 8 feet wide X 9.5 feet high cube container on the property will convey with sale. Great for storage. Very short drive to Key IGA a local;

    David Hayes John L. Scott Dupont

    1629 148th Ave SW, Longbranch, WA 98349
  • /12

    $150,000

    • Land
    • 4.99 Acres
    • $30,060 per Acre

    4 Lot 9th St SW, Lakebay, WA 98349

    Opportunity is knocking on this shy 5-acre parcel off Delano Road. Previously logged in 2020, the property has been subject to a 6-year building permit moratorium that is now nearing its end, creating a timely opportunity for buyers ready to plan ahead. Driveway freshly paved! The land offers privacy, seclusion, and usable space for future development, with a private gravel easement providing

    Justin Weis Paramount Real Estate Group

    4 Lot 9th St SW, Lakebay, WA 98349
  • /15

    $199,000

    • Land
    • 1.6 Acres
    • $124,375 per Acre

    16456 Hoff Rd NW, Home, WA 98349

    Discover your perfect slice of the Pacific Northwest! This level, 1.6-acre wooded parcel on Hoff Road sits just south of Joe’s Bay in the charming Town of Home—known for its boat ramp, mooring areas, park, and playground. Skip the stress of permits and planning! This property includes county-approved architectural plans and active building permits for a stunning 3BD/2.5BA, 2,223 sq. ft. home with

    Kari Montgomery Keller Williams Realty

    16456 Hoff Rd NW, Home, WA 98349
  • /14

    $425,000

    • Land
    • 1.71 Acres
    • $248,074 per Acre

    411 151st Avenue Ct SW, Lakebay, WA 98349

    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

    Carrie Gatlin eXp Realty

    411 151st Avenue Ct SW, Lakebay, WA 98349

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.

Lakebay, Longbranch, WA Home Prices vs. Nearby Neighborhoods

Lakebay Home Key Center
Median Home Price
$959,997
$725,000
$698,000
Median Sale Price
$370,000
-39% YoY
$630,000
+2% YoY
$675,000
+11% YoY
Median Single Family Price
$900,000
$695,000
$675,000
Total Active Listings
3 listings
6 listings
32 listings
Market Conditions
12 Months of Supply
Buyer's Market
7 Months of Supply
Buyer's Market
5 Months of Supply
Balanced Market

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 has 6 parks for recreational activities.It is sparse in population with 1.0 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 $959,997. If you put a 20% down payment of $192,000 and had a 30-year fixed mortgage with an interest rate of 6.71%, your estimated principal and interest payment would be $4,960 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $213K 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?
The most popular zip codes in Lakebay, Longbranch, WA include 98349, 98445, 98351, 98335 and 98394.
What are the most popular neighborhoods near Lakebay, Longbranch, WA?
The most popular neighborhoods near Lakebay, Longbranch, WA are Kopachuck Ridge/Horsehead Bay, West End, Gig Harbor North and Oakbrook.
Are home prices dropping in Lakebay?
Yes, home prices in Lakebay are down 16% in the last 12 months.
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