Listed by Realty One Group Turn Key
$920,000
$20K PRICE DROP

14502 45th St SW Lakebay, WA 98349

Estimated payment $5,847/month

Total Views 8,250
4 Beds
2.5 Baths
2,995 Sq Ft
$307 Price per Sq Ft

Highlights

  • 100 Feet of Waterfront
  • Stables
  • RV Access or Parking
  • Ocean View
  • Spa
  • Solar Power System

About This Home

This property has it all:weeping views of majestic Mt Rainier and the serene South Sound, beach access, bonus lot & an equestrian property all in one package. 4 bedroom 3 story house nestled on a private 5 acres. This custom home interior features: new LVP flooring and new carpet, new windows\ & fresh interior paint. Exterior features include detached 2-car garage with a 450 studio. 2.5 acres are fully fenced and cross fenced, 2 stalls and 2 separate pastures and an orchard. Solar panels for reduced power bills. Expansive front and back porches. Back porch tiger wood. A true country estate in Lakebay WA. Sale is for 5 acres total (Two 2.5 acre tax parcel) allowing many possibilities for the future.

Listing Agent

Jeremy Ritchie

Realty One Group Turn Key License #116005 Listed on: 04/24/2025

Realty One Group Turn Key

Co-Listing Agent

Penny Jones

Realty One Group Turn Key License #23859

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2365279

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,013

Year Built

  • Built in 1997

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 330'x660'
  • 100 Feet of Waterfront
  • Street terminates at a dead end
  • East Facing Home
  • Gated Home
  • Property is Fully Fenced
  • Secluded Lot
  • Level Lot
  • Fruit Trees
  • Wooded Lot
  • Garden
  • 0120183008,0120184014
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • RV Access or Parking

Property Views

  • Ocean
  • Views of a Sound
  • Bay
  • Mountain
  • Limited

Home Design

  • Craftsman Architecture
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,995 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Dining Room
  • Storm Windows

Kitchen

  • Walk-In Pantry
  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Trash Compactor

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Deck
  • Outbuilding

Schools

  • Evergreen Elementary School
  • Key Peninsula Mid Middle School
  • Peninsula High School

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Stables

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Propane
  • Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Solar Power System
  • Pasture

Listing and Financial Details

Community Details

Overview

  • Property has a Home Owners Association
  • Lakebay Subdivision

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,013

Year Built

Built in 1997

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 12 - 2 Story
  • Year Built: 1997
  • Inclusions: Dishwasher(s),Double Oven,Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Trash Compactor,Washer(s)
  • MLS Status: Active
  • Prev Status: Active
  • Architectural Style: Craftsman
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 2995
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • SOCComments: Buyer to request with offer
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2365279?w=Consumer&agent=73840
  • Special Features: VirtualTour
  • Cumulative Days on Market: 104

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Private Spa: Yes
  • Appliances: Dishwasher(s), Double Oven, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Trash Compactor, Washer(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Fireplace, Walk-In Closet(s), Walk-In Pantry, Water Heater
  • Living Area: 2995
  • Main Level Bathrooms: 1
  • Bathrooms: 2.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 2995
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 4
  • AppliancesIncluded: Dishwasher(s),Double Oven,Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Trash Compactor,Washer(s)
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • View: Bay, Mountain(s), Partial, Sea, See Remarks, Sound
  • Lot Features: Dead End Street, Secluded
  • View: Yes
  • Waterfront: No
  • Construction Type: Cement Plank
  • Direction Faces: East
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: House
  • ConstructionMethods: Standard Frame
  • WaterfrontFootage: 100'
  • WaterAccess: Beach Rights,Community Waterfront/Pvt Beach

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Garage, RV Parking
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Security: Fully Fenced, Partially Fenced, Security Gate
  • Cooling: Forced Air, Heat Pump
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump
  • Heating Yn: Yes
  • PowerCompany: Peninsula Light Co
  • WaterCompany: Peninsula Light Co
  • WaterHeaterLocation: Laundry
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Trail(s)
  • Senior Community: No
  • Association: Yes

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Peninsula
  • High School: Peninsula High
  • Middle Or Junior School: Key Peninsula Mid

Lot Info

  • Parcel Number: 0120183014
  • Topography: Equestrian,Level,Partial Slope
  • Land Lease: No
  • Lot Size Acres: 5
  • Lot Size: 330'x660'
  • Lot Size Sq Ft: 217800
  • Additional Parcels Description: 0120183008,0120184014
  • Zoning: R10
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Electric Car Charging,Fenced-Fully,Fenced-Partially,Gated Entry,High Speed Internet,Hot Tub/Spa,Outbuildings,Propane,RV Parking,Stable
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: County

Green Features

  • Green Power: Solar
  • Power Production Type: Electric, Solar (Unspecified)

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2024
  • Tax Annual Amount: 9013

Multi Family

  • EnergySource: Electric,Solar (Unspecified)

MLS Schools

  • Elementary School: Evergreen Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,267 $1,060,800 $391,500 $669,300
2024 $8,267 $963,600 $381,000 $582,600
2023 $8,267 $921,600 $344,200 $577,400
2022 $7,295 $926,200 $304,800 $621,400
2021 $7,153 $666,400 $189,200 $477,200
2019 $5,875 $575,000 $132,900 $442,100
2018 $4,971 $555,000 $128,900 $426,100
2017 $4,971 $475,500 $97,200 $378,300
2016 $4,357 $383,700 $82,300 $301,400
2014 $4,225 $347,600 $80,600 $267,000
2013 $4,225 $338,900 $87,700 $251,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Price Changed $850,000 -7.6% $284 / Sq Ft
06/25/2025 06/25/25 Price Changed $920,000 +3.4% $307 / Sq Ft
06/06/2025 06/06/25 For Sale $890,000 -5.3% $297 / Sq Ft
04/24/2025 04/24/25 For Sale $940,000 +1624.8% $314 / Sq Ft
06/02/2017 06/02/17 Sold $54,500 -50.4% --
02/07/2017 02/07/17 Pending -- -- --
04/17/2015 04/17/15 For Sale $109,900 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $250,000 Chicago Title
Trustee Deed $75,754 --
Warranty Deed $72,350 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 Credit Line Revolving
Open $293,580 New Conventional
Closed $310,400 Unknown
Closed $237,500 No Value Available
Previous Owner $202,500 Construction
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2365279

Northwest Multiple Listing Service (NWMLS)

APN: 012018-3014