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.
Home Trends in Lakebay, WA
On average, homes in Lakebay, Longbranch sell after 99 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 $610,000, down 25% from the median home sale price over the previous 12 months.
Median Sale Price
$610,000
Median Single Family Sale Price
$635,000
Average Price Per Sq Ft
$442
Number of Homes for Sale
1
Last 12 months Home Sales
5
Median List Price
$649,975
Median Change From 1st List Price
10%
Median Home Sale Price YoY Change
-25%
